MFs obligated to submit reports on AI/ML-based systems to SEBI MFs obligated to submit reports on AI/ML-based systems to SEBI Dnyanada Kulkarni / Friday, May 10, 2019 0 742 Article rating: 5.0 The Securities and Exchange Board of India (SEBI) upped its scrutiny of MFs by raising the surveillance bar. It did so by demanding that the fund houses provide quarterly information pertaining to the AI-based systems employed by them. Read more
NBFCs feel the pinch as MFs curtail debt exposure NBFCs feel the pinch as MFs curtail debt exposure Dnyanada Kulkarni / Friday, May 10, 2019 0 928 Article rating: 5.0 The investments made by Mutual Funds in commercial papers and bonds that mature in 90 days plummeted to Rs. 3.24 trillion towards the end of March reporting the lowest figures in the last six quarters. Read more
South Indian Bank reports mixed Q4 results South Indian Bank reports mixed Q4 results Dnyanada Kulkarni / Friday, May 10, 2019 0 2203 Article rating: 5.0 South Indian Bank reported its financial performance for the quarter ended March 2019. Net Interest Income (NII) surged a mere 1 per cent YoY to Rs. 499 crore in Q4FY19 from Rs. 492 crore in Q4FY18. Read more
Asian Paints revenue surges 11 per cent in Q4FY19 Asian Paints revenue surges 11 per cent in Q4FY19 Dnyanada Kulkarni / Thursday, May 9, 2019 0 4009 Article rating: 5.0 Asian Paints posted healthy revenue growth and announced a final dividend of Rs. 7.65 for the quarter ended March 2019. Read more
Indraprastha Medical PAT up 27 per cent, recommends dividend Indraprastha Medical PAT up 27 per cent, recommends dividend Dnyanada Kulkarni / Thursday, May 9, 2019 0 2280 Article rating: 3.5 Indraprastha Medical Corporation declared its financial results for the quarter ended March 2019. Read more