Shares of Anand Rathi Wealth Ltd jumped 4% on Monday, a day when the Nifty 50 index fell over 1%. In Q4FY24, ARW's operating revenue climbed 34% to ₹197 crore, driven by a 65% increase in trail revenue of a mutual fund distributor) to ₹80 crore. However, it is critical to note that almost two-thirds of this increase in AUM …
Some banks have only increased their savings rates with a “material time lag” compared with mortgage products, he said. Mr Rathi said: “We expect that the harm from this practice will have increased as the base rate has risen.” Harriett Baldwin, chair of the Treasury Committee, the cross-party panel of MPs which has been investigating banks’ savings rates, said: “The …
