The combined margin trading fund (MTF) book on the NSE and BSE has shrunk by ₹15,000 crore since January 1 and ₹5,000 crore in the past week. MTF is a system allowing investors to borrow to buy shares they cannot afford and it stood at ₹71,500 crore on Friday.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.