Tag: Increase
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Cholamandalam Investment & Finance Reports Significant Increase in Derivatives Open Interest
Open Interest and Volume Dynamics Recent data reveals that the open interest (OI) for Cholamandalam Investment & Finance Company, trading under the symbol CHOLAFIN, has reached 30,172 contracts, up from the previous 27,410. This represents a 10.08% change in OI, indicating a substantial increase in the number of outstanding derivative contracts. Concurrently, the volume recorded…
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Fino Payments Bank Poised for Small Finance Bank Transition, Anticipates Significant Profit Increase
Fino Payments Bank is preparing for a major business transition after receiving in-principle approval from the Reserve Bank of India (RBI) to convert into a small finance bank (SFB). Managing Director and CEO Rishi Gupta said the move will allow Fino to enter the lending business for the first time. Gupta said, “Payments bank cannot…