Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
Jio Bank Plans to Auto-Invest Idle Balance in Mutual Funds
Mint Hyderabad
|August 29, 2025
Jio Financial Services Ltd's payments bank arm will soon launch a product that automatically invests idle balances from savings accounts into overnight mutual funds (MFs), according to a top executive.
Deposits at Jio Payments Bank (JPB) and transaction processing volumes in its payments solutions business have seen significant growth, underlining the scale-up of these operations, MD and CEO Hitesh Sethia said at the company's annual general meeting on Thursday.
Overnight MFs are considered the safest scheme as they invest in short-term instruments like overnight repo and government securities with a one-day maturity. As per the JPB website, savings deposits currently earn 2.5% interest, while overnight MFs usually yield around the Reserve Bank of India's repo rate. The repo rate now stands at 5.5%.
Dit verhaal komt uit de August 29, 2025-editie van Mint Hyderabad.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Hyderabad
Mint Hyderabad
Retail investor: here is why bonds could be your next best bet
Bonds could really be the missing piece in a retail investor's portfolio.
1 mins
October 02, 2025
Mint Hyderabad
US offers security guarantee to Qatar
The US will regard \"any armed attack\" on Qatari territory as a threat to Washington and will provide the Gulf Arab state with security guarantees, the White House said, after an Israeli strike on the country last month.
1 min
October 02, 2025
Mint Hyderabad
Ola Electric under fund pressure amid sales de
The EV maker missed its sales targets to achieve profitability for seventh con
2 mins
October 02, 2025
Mint Hyderabad
FPIs pull $2.7 bn off Indian stocks in Sep
Foreign portfolio investors (FPIs) withdrew $2.7 billion from Indian equities in September, extending their selling streak for a third straight month and putting 2025 on course for record foreign withdrawals, data from the National Securities Depository showed.
1 min
October 02, 2025
Mint Hyderabad
Lentra to launch its AaaS platform by December: CEO
Fintech SaaS firm Lentra is set to launch an analytics-as-a-service (AaaS) platform by December, aiming to provide banks and financial institutions with sharper tools to predict default probabilities, manage portfolios and curb nonperforming assets (NPAs).
1 mins
October 02, 2025
Mint Hyderabad
Capgemini India CEO to retire in Jan
Capgemini on Wednesday announced a leadership transition in India operations, with Ashwin Yardi set to retire as chief executive officer after seven years and assume the role of non-executive Chairman of the board, effective 1 January, 2026. Sanjay Chalke, currently chief operating officer (COO) for Capgemini in India, will succeed Yardi as the CEO and join the group executive committee on the same date, the company said in a statement.
1 min
October 02, 2025
Mint Hyderabad
Gaza deal: Viable?
America’s leadership is full of surprises, and for a change, US President Donald Trump's Gaza peace plan is a pleasant one.
1 min
October 02, 2025
Mint Hyderabad
Infra.Mkt seeks Sebi consent for ₹5,500-cr public offer
Tiger Global-backed construction material supply firm Infra.Market has filed for an initial public offering (IPO) worth between ₹4,500 crore and ₹5,500 crore with market regulator Sebi using the confidential pre-filing route, market sources said on Wednesday.
1 min
October 02, 2025
Mint Hyderabad
Top firms tick boxes, but lag on diversity, independence
India's top 100 listed companies have shown progress in corporate governance practices, but persistent gaps remain in board meeting attendance, diversity, and leadership independence.
2 mins
October 02, 2025
Mint Hyderabad
Deglobalization, derisking deregulation: Crack the 3D
Nations must navigate all three well to balance their openness with resilience and global integration
3 mins
October 02, 2025
Listen
Translate
Change font size