RBI permits ICICI AMC to buy 9.95% stake in Federal Bank, RBL Bank

Federal Bank on Thursday said the Reserve Bank of India has accorded approval to ICICI Prudential Asset Management Company Ltd () for acquiring up to 9.95 per cent stake in the bank. RBI accorded......

Smallcap pie grows as retail investor faith soars

Retail investors now own a bigger slice of smallcap companies than at the start of 2023–24 (FY24), underscoring their growing conviction about investing in this red-hot space. Illustration:......

MFs hungry for bigger slice of banking pie amid growing investor inflows

Amidst growing investor inflows, mutual funds (MFs) are eyeing a larger slice of the banking sector. Photograph: Anindito Mukherjee/Reuters In the past few years, few of the major fund houses have......

It's Advantage Fintechs, NBFCs

If you are running a sweetmeat shop, will you manage a dairy for milk supply or buy milk from the market?Banks are running a dairy (which has its cost for processing milk), while NBFCs are buying......