DSIJ Mindshare

Mutual fund investors who are more concerned about regular income usually choose the dividend option. In the dividend option, investors receive returns in a periodic manner. The dividends are the distribution of the gains and profits made by the schemes. 

Apex bank RBI levied a penalty of Rs. 58.9 crore on the country’s biggest private bank, ICICI Bank for non-compliance in concern with the directions issued by RBI regarding the direct sale of securities in the held-to-maturity portfolio. 

BHEL has forayed into lake purification under the Smart City programme with an order from Raipur Smart City Limited (RSCL). This initiative is a part of its diversification strategy through continuous focus on water business.

The South-based Karnataka Bank has reported a fraud amounting to Rs. 86.47 crore in loans extended to Gitanjali Gems, headed by Mehul Choksi.