The finance minister addressed the 587th RBI central board meeting and informed the members about the key initiatives in the Budget and the priorities of the government, RBI said in a statement.
Mutual fund investors miss bull rally because of technical glitch
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NPCI upgraded its automated payment system on January 31 but problems with implementation resulted in investors not receiving the units they purchased on time, said people aware of the matter.
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Hundreds of thousands of mutual fund investors may have missed out on the stock market rally in the past 10 days, either fully or partly, as glitches at the National Payments Corporation of India (NPCI) which enables digital payments and settlements disrupted transactions.
NPCI upgraded its automated payment system on January 31 but problems with implementation resulted in investors not receiving the units they purchased on time, said people aware of the matter. Investors are worried this means they’ve missed out on the post-budget surge in stocks.
The IPO comprises issuance of equity shares worth Rs 100 crore, a draft red herring prospectus filed with Securities and Exchange Board of India (Sebi) showed.