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Mirae Asset Mutual Fund changes names of 7 schemes

Mirae Asset Emerging Bluechip Fund is the largest scheme in the large & mid cap category based on assets managed. The scheme manages assets of Rs 29,024 crore. According to the scheme information document, the scheme manages 1,534,810 folios. The new name of the schemes will be Mirae Asset Large & Midcap Fund.
Mirae Asset Cash Management Fund Mirae Asset Short Term Fund Mirae Asset Aggressive Hybrid Fund Tax Saver Fund Equity Fund Mirae Asset Savings Fund

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PSBs, top private banks collected over Rs 35,000 crore in penalties since 2018

Minister of State, Dr Bhagwat Karad pointed that these banks collected over Rs 21,000 crore on account of non-maintenance of minimum balance, while over Rs 8,000 was generated due to additional ATM transactions, and SMS services added over Rs 6,000 crore.
Bhagwat Karad Shaktikanta Das Master Circular On Customer Service In Banks Savings Bank Deposit Account Axis Bank Indusind Bank

Reliance ARC challenges RBI Circular on Swiss Challenge as being discriminatory and arbitrary

The Reliance Asset Reconstruction Company (RARC), a subsidiary of Reliance Capital Ltd., has challenged the Reserve Bank of Indias Master Circular on the Swiss Challenge Mechanism as being discriminatory, unjust and arbitrary.
Bombay High Court Asset Reconstruction Companies Arcs Vidarbha Industries Power Ltd Asset Reconstruction Company Reliance Capital Ltd Hinduja Group

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