Top Headlines: Demat account openings in June, PSB privatisation, and more

The Centre should privatise all PSBs, except the State Bank of India, a report by NCAER said. Read more on these in our top headlines

New dematerialised (demat) accounts opened in June were at 1.79 million, which was the lowest since February 2021. The Centre should privatise all PSBs, except the State Bank of India. This is because private banks have emerged as a credible alternative to PSBs with substantial market share, according to a report by the National Council of Applied Economic Research (NCAER). 

At 1.79 million, demat accounts opened in June fewest since Feb 2021

New dematerialised (demat) accounts opened in June were at 1.79 million — the lowest since February 2021. Equities dropping to their 13-month lows and small- and mid-cap stocks