MF industry assets grow 35% in FY24
The mutual fund industry’s assets under management grew by 35% in FY24, recording the highest gain since fiscal FY21 when
Read more
assets
81% of foreign exchange assets are invested in foreign securities
The Reserve Bank of India’s (RBI) Report on Management of Foreign Exchange Reserves states that as of September, the percentage
Read more
Trucap Finance and Shivalik Small Finance Bank partner up for retail gold loan assets
Trucap Finance Limited and Shivalik Small Finance Bank announced a partnership for sourcing and managing retail gold loan assets. With
Read more
Robust inflows take SIP share of MF assets to record in November
The share of mutual funds (MF) linked to systematic investment plan (SIP) category in the total MF assets under management
Read more
YES Bank now to buy stressed assets
YES Bank, which almost collapsed two years ago from bad loans, is now on a hunt to buy stressed assets
Read more
Customs department can’t sell assets of companies in bankruptcy to recover dues: SC
In an important ruling, the Supreme Court said that once proceedings under the Insolvency and Bankruptcy Code (IBC) are initiated
Read more
Banks to auction Great Indian Tamasha Co assets
IDBI Bank has put on sale properties of Great Indian Tamasha Company Ltd, which is the corporate guarantor of Great
Read more
ED attaches Amway assets worth Rs.757 crore
The Enforcement Directorate (ED) has provisionally attached assets worth 757 crore belonging to Amway, and accused the country’s largest direct
Read more
‘Bad Bank’ to start off with 15 stressed assets worth Rs.50,000 crore
In a bid to clean up their books, Banks will be transferring 15 stressed assets aggregating about Rs. 50,000 crore
Read more
Yes Bank explores bid for Citi’s retail assets in India
Yes Bank is exploring a potential bid for the Indian retail assets of Citibank, joining a list of suitors eyeing
Read more