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She did not provide details of likely structure or the capital required for the new entity but said the non-performing assets (NPAs) in the banking system are a result of legacy issues of mismanagement in the past.
SGX Nifty up 120 points; here's what changed for market while you were sleepingAsian stocks were set to edge higher early on Thursday after big tech rallied on Wall Street and as President Joe Biden announced a multi-trillion-dollar infrastructure investment plan. Australian S&P/ASX 200 index rose 0… Read MoreWhat is the Expense Ratio in a mutual fundIn a direct plan of a mutual fund scheme, you buy directly from the mutual fund company, whereas in a regular plan, you buy through a distributor (intermediary).
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… Read MoreAsian shares rise as Joe Biden spending plan boosts US outlookOn the heels of a $1.9 trillion pandemic relief package, President Joe Biden on Wednesday outlined a broad plan to re-make the world's biggest economy.
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… Read MoreMid-cap tech counters could be ready for bullish breakoutsStocks such as Ramco System, Happiest Minds, Newgen Software, 3i Infotech, Subex, Firstsource Solutions, Subex, Mastek among others rallied between 3% and 9% on Thursday. IT stocks have significantly outperformed the broader … Read MoreAxis Bank to sell UK arm to tech platform Axis Bank has informed the exchanges that it has agreed to sell its UK subsidiary to OpenPayd Holdings. According to the filing, the UK arm contributed Rs 206 crore total income in FY20 and had a net worth of Rs 765 crore as… Read More
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