Sebi introduced a capital adequacy framework, categorizing merchant bankers (MBs) by net worth: Category 1 (minimum Rs 50 crore) and Category 2 (minimum Rs 10 crore). MBs must maintain liquid net ...

Money can’t buy happiness as the saying goes, but for some individuals, “peak happiness” does have a specific price tag. And that price is a $200,000 liquid net worth, according to a recent ...