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 »
Once you have identified the fund boxes — Spending forecast, contingency fund for job loss and medical expenses, be dedicated and generate your money flow into these funds consistently. This could be once a quarter but it would be more manageable if it’s once a month.
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 »
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 started its functioning on 12th Feb.1975. Since there is no agriculture production in this District, MUMBAI BANK… 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 started its functioning on 12th Feb.1975. Since there is no agriculture production in this District, MUMBAI BANK… Read More »
According to a recent press report State Bank of India (SBI) has said that it has de-risked its Rs. 30,000 crore export credit portfolio by entering into a tie-up with Export Credit Guarantee Corporation (ECGC) in order to meet the Basel-III norms. Mr. Pratip Chaudhuri, Chairman , SBI told the press that the bank has… Read More »