Tue, Jul 2, 2024 10:24 AM
Gold and silver prices today on 02-07-2024: Check latest rates
A Flip by Riya Sharma
Bandhan Bank's deposits rose 22.79% to ₹1,33,203 Crore in Q1 FY24, driven by a 31.6% increase in bulk deposits to ₹41,099 Crore. Loans and advances grew 21.8% to ₹1,25,619 Crore. The bank's LCR stood at 149.5%, and collection efficiency was 98.5%. Net profit fell 93.24% to ₹54.62 Crore, while overall income rose 20.13% to ₹5,883.46 Crore.
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Japan's Topix stock index surged past its 1989 bubble-era peak to a record high of 2,890.52, driven by broad-based buying momentum and expectations of higher interest rates. The index has gained over 25% since April, with insurers and banks among the top performers. The Bank of Japan's potential rate hike is seen as a catalyst for the rally, despite concerns over the weak yen's impact on the ec...
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The DSP TIGER Fund, launched in June 2004, greatly benefited from the infrastructure sector's massive rally from 2003 to 2007, resulting in substantial inflows in 2007, making it a top performer that year. TIGER stands for the ‘the infrastructure, economic reforms and growth’ fund. What later happened to the DSP TIGER Fund is a great lesson for mutual fund investors.
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