The RBI has proposed one-time approval for mutual funds, insurers and pension funds to increase bank shareholding up to 10% without repeated regulatory clearance. The move aims to simplify compliance for significant institutional investors, with public comments invited until August 4, 2026.
Global Market Today: Asian stocks, bonds gain as oil extends decline
MSCI’s regional equities gauge advanced 0.3% with South Korea’s Kospi index leading gains. That came after the S&P 500 Index rose 1.1% on Thursday, its