JioBlackRock Flexi Cap Fund, an offering by JioBlackRock Mutual Fund, added Hindustan Zinc and nine other stocks in its portfolio as the new entrant in January and made a complete exit from L&T Finance and 16 other stocks in the same period. (Source: ACE MF)
The Reserve Bank of India is speeding up money transfers from abroad. Banks must now credit foreign payments to accounts on the same business day.
Banks may soon see their capital positions improve. The central bank proposes to remove the Investment Fluctuation Reserve. This move could help lenders recover losses
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