Sberbank’s launch of a Nifty 50-linked mutual fund gives Russian investors direct access to Indian equities. Experts say the move can expand global capital inflows, enable similar partnerships with BRICS and other regions, and deepen India-Russia financial cooperation.
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.