InCred Money has secured Sebi’s in-principle approval for a mutual fund licence, marking a key step toward launching its asset management business. The company plans to build a digital-first AMC and expects to go live after completing regulatory and operational requirements.
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.