Kotak Mahindra Bank plans to pursue acquisitions and organic growth. The bank recently acquired Deutsche Bank’s retail portfolio in India. This move aims to enhance scale and customer reach for the bank. Kotak Mahindra Bank will also tap into India’s economic expansion opportunities. A strong balance sheet and leadership talent support future growth strategies.Read More

The country’s stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, the latest data from the Reserve Bank of India (RBI) showed. Of the total reserves, foreign currency assets increased $4.5 billion to $545.5 billion, while gold reserves increased $2.6 billion to $105.2 billion during...Read More

Indian equity indices saw a rise on Friday, boosted by information technology stocks. Tata Consultancy Services’ earnings met expectations, easing sector concerns which helped the market. The benchmark indices, however, finished the week marginally lower, ending a winning streak. Renewed West Asia tensions kept investor optimism in check earlier in the week. Brent crude futures...Read More

Groww experienced a temporary disruption affecting client fund withdrawals on Friday. This incident was attributed to an issue with its cloud service provider, Google Cloud Platform. Some users also reported difficulties depositing money into their accounts. The brokerage stated the problem was promptly resolved before market closing. Customers could then access their funds after the...Read More

SBI Funds Management secured ₹1,655 crore from investors before its IPO. This pre-IPO share sale occurred ahead of the company’s upcoming public offering. The asset manager’s ₹11,693 crore IPO is the largest public issue scheduled for 2026. PI Opportunities Fund-II and Enam’s Akash Manek Bhanshali were among the significant investors. The transaction involved selling a...Read More