Most of the time, we heed to the advice of the experts thinking their decision is the ultimate. Any deviations from such solutions to our financial queries can cause upheaval in our financial management. But this perspective is very wrong. There is no harm in questioning your agents’ financial decisions; after all it is your… Read More »
Investing without any goal in mind can leave you nowhere. It does not give you the drive as to where and how much you need to invest any fund, or even what is the type of fund you want to opt for. Having a goal in mind gives you the pursuit you need to opt… Read More »
Most investors hang on to only a few catchy phrases when it comes to portfolio building and growth in their investments. One such phrase is diversification. By diversification, we mean that, when an individual’s funds are invested in limited number of funds but which are aggressive in nature. Although this is the basis on which… Read More »
When you decide to build your portfolio, find out what your financial goals and requirements are. Categorize them into short and long term goals. Requirements like buying a laptop, or going to a foreign destination etc should also be included. Once you are done with them, next step is choosing the avenues where you want… Read More »
The fund under performs: If you as an investor feel that a fund is consistently under performing, it is better to sell the Mutual Funds than face the brunt of hanging on to it. Now under performance should be measured only if the fund has a poor performance record over numerous market cycles and not… Read More »
A recent press report said that the Reserve Bank of India, the central banking institution has planning to do a revised study on the potential growth rate. Dr D. Subbarao central bank Governor, told the press that the study has been planned due to the slowing economic growth. Reports said that the issue has been… Read More »
A recent press report said that RBI has constituted a 9-member panel to look into various issues related to priority sector lending, including review of loan limits under the segment. Reports said that the committee will be headed by Mr. M V Nair, Chairman and Managing Director, Union Bank of India and that the panel… Read More »
A recent press report said that Punjab National Bank (PNB) has opened a representative office Sydney. Mr. K. R. Kamath, chairman and managing director of the bank said that the bank is likely to get regulatory approval from authorities in both countries to upgrade this representative office into a full-fledged branch within a year. Reports… Read More »
A recent press report said that Oriental Bank of Commerce has entered into a memorandum of Understanding with Oriental Insurance Co Ltd for selling Mediclaim policies to the bank’s customers through its pan-India network. The memorandum of understanding was signed by Mr. R.M. Sharma, General Manager, Oriental Bank of Commerce (OBC), and Mr. A.K.Saxena, General… Read More »
A recent press report said that Oriental Bank of Commerce on has launched its first e-lobby, providing another outlet for 24×7 banking services to its customers. Reports said that the e-lobby, which would be unmanned and located at Nehru Place, was inaugurated by Mr. Nagesh Pydah, Chairman and Managing Director, OBC, in the presence of… Read More »