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Groww, a major Indian brokerage firm, will increase its minimum equity brokerage charges. The increase is from 2 to 5 per order. This change impacts smaller equity trades. The new fee structure will be effective from June 21. Other brokers like Angel One previously raised their fees. These changes follow regulations impacting brokerage profits.
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News and Media
IndusInd Bank addressed financial discrepancies in the March quarter. The bank used its contingency buffer to manage the impact. Accounting errors in the microfinance sector led to revenue reversal. Derivative-related issues also affected income. Net interest margin and income experienced declines. Total loans saw a slight increase, while deposits rose.
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News and Media
Foreign Portfolio Investors (FPIs) significantly increased their investments in Indian markets during the first half of May, with banking and financial services (BFSI) stocks attracting the highest inflows at 4,728 crore. Capital goods and oil & gas sectors also saw substantial investments, while FMCG experienced the most significant selling pressure. Experts anticipate further FII inflows driven by global de-dollarization.
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News and Media
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