Contempt plea against SBI for seeking more time for electoral bond names

A petition has been filed in the Supreme Court seeking contempt action against the State Bank of India alleging it "wilfully and deliberately" disobeyed the apex court's direction to submit details......

SC gives SBI 24 hours to release electoral bonds data

Chastising the State Bank of India, the Supreme Court on Monday ordered it to disclose the details of the electoral bonds encashed by political parties to the Election Commission by the close of......

Dividend fund managers see light in power stocks

The improving outlook for the power sector has caught the interest of dividend yield funds. Photograph: Mukesh Gupta/Reuters In the first four months of the current financial year (2023-24, or......

Quant Funds: Algo-driven approach reduces human bias, risk of style drift

SBI Mutual Fund recently launched the SBI Quant Fund. Illustration: Dominic Xavier/Rediff.com Its new fund offer (NFO) opened on December 4, 2024, and will close on December 18, 2024. Currently,......

Fund managers expect the market to tread sideways in the next few months

Mutual funds' average cash holdings in equity schemes topped 6 per cent in February as fund managers went slow on deployment of new inflows on expectations of better buying opportunities amid......

How Bank of India Plans To Counter Deposit Woes

A grooming branch network for servicing HNIs is a stepping stone for a full-fledged wealth management business. Illustration: Dominic Xavier/Rediff.com Bank of India (BoI) will focus on 1,000......