The mutual funds advisory committee is also looking at more reforms. The advisory is recommending the asset management companies to lower the fund management fees from the present. The fund houses currently charges 1.25% as asset management charges for the first Rs 100 crore garnered by a scheme, and 1 per cent thereafter. It is… Read More »
During a market downturn, ETFs have different provisions in everyday tools for doing allocation of assets in line with your risk appetite and tolerance and your financial goals. This way you can protect your portfolios. You can allocate assets in various classes by reducing your portfolio exposure to equity capitalizations, assets and sectors that could… Read More »
Due to the current economic slowdown most banks had stopped giving out Sub-PLR loans for some time. With improved liquidity conditions, banks have come back on the trend of disbursing loans at discounted rate that is below benchmark prime lending rates (BPLR). Majority of fresh loans, around 65% to 70% are being disbursed at sub-PLR… Read More »
Following banking giants such as SBI, ICICI Bank and HDFC, state-owned IDBI Bank has joined the home-loan war with the launch of its fixed cum floating rate home loan. The bank is offering 8.25 per cent fixed rate for all its new loans till March 2012.
Now there is talk of recession being over, markets being revived and the in general people out of their cautious cocoons where they were waiting and watching before grabbing the loans at attractive interest rates. For the past few months every bank has been vying with each other to provide competitive interest rates that will… Read More »
A strong focus on retail advances has helped State Bank of Hyderabad (SBH) to pick up credit growth during the months of October-November.
SBI Life Insurance has tied up with Coromandel International Ltd to offer insurance in rural areas in Andhra Pradesh through Coromandel’s ‘Mana Gromor’ brand of rural retail outlets.
Visakhapatnam Urban Co-operative Bank has crossed the Rs 1,000-crore mark in business turnover. The bank has Rs 594 crore in deposits and the rest in advances.
Tata Motors has entered into an agreement with Vijaya Bank according to which the bank would provide loans for financing of the purchase of vehicles manufactured by Tata Motors.
Central bank of India has entered into an agreement with Star Union Dai-ichi Life Insurance to launch a scheme that assures life-time annuity for senior citizens opting for a reverse mortgage loan from the bank.