We are surrounded by the lack of infrastructural amenities that can make our lives better. The congested roads, frequent power shortages, Air traffic congestion etc are just some examples of the numerous problems that we face in our everyday lives. This just goes to prove the infrastructural abilities that India actually needs and the scarcity… Read More »
Most investors have the mind-set that investing n Mutual Funds and other equities related sources are quite risky and opt for the traditional approach of saving – investing in Fixed Deposits, Recurring Deposits etc. These funds, upon maturity do not provide adequate returns when compared to equities. Therefore, you might end up taking a debt… Read More »
New investors are in the belief that they should diversify their investments first and then consider the funds’ performance. This is a wrong approach. Not many times does an investor benefit from such a decision. Targeting tax saving funds is not a great idea. It is good to have one fund which provides you tax… Read More »
With interest rates hike looming in the air, most investors are puzzled as to what type of funds should they opt in order to promote a healthy growth of their investments. In such a scenario, debt funds should not be a probable choice since they operate on bond prices, as in there is an inverse… Read More »
Following the decision of the Securities Exchange Board of India’s (SEBI) to abolish the entry load on Mutual Funds, most financial advisors are feeling the crunch due to the non availability of incentives from the customers’ end. Earlier, financial advisors used to earn a minimum of Rs 50 as a fee from investors who wished… Read More »
If you are new to the investing routine or if you are an old player in this field, it is important for you to remember one thing- formulate your investment plan with great diligence. It is not only important to start your investment routine with proper planning in the initial phase, but also to constantly… Read More »
According to a recent press report, the Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh on The Baroda Traders Co-operative Bank Limited, Vadodara, Gujarat, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to… Read More »
A recent press report said that Karur Vyasya Bank (KVB), the oldest private sector bank is on a revamp to fit into the new age. Mr. M.Venkataraman, Managing Director and Chief Executive Officer of the Bank said that the bank has undertaken a business re-engineering exercise and has developed a consistent customer relationship model. He… Read More »
A recent press report said that IDBI Bank has introduced a dual rate scheme according to which a home loan borrower will enjoy fixed rate of interest for the first two years and later switch over to floating rate. The bank has also reduced the floating home loan rates by 25 – 50 basis points… Read More »
The Mumbai District Central Co-operative Bank Limited is a central financing agency of all affiliated co-operative societies in Mumbai district, which is popularly known as “MUMBAI BANK” and is registered under MCS Act in the year 1974 and had started its functioning on 12th Feb.1975. Mumbai bank is involved in facilitating to the financial needs… Read More »