January saw Mumbai’s new rupee-loan rates climb, propelled mainly by state-owned lenders. By contrast, rates on existing loans dipped slightly and deposit rates declined a touch. The move unfolds in the RBI’s policy backdrop, after its prior repo-rate reduction.
NFO Alert: HDFC Mutual Fund launches HDFC Income Plus Arbitrage Omni FOF
HDFC Mutual Fund launched HDFC Income Plus Arbitrage Omni FOF, an open-ended scheme investing in arbitrage and debt-oriented funds. The NFO, open until March 11,