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 »
A recent press report said that State Bank of Travancore’s Staff Union has asked the Union government to withdraw the Banking Amendment Bill-2011 presented in the Lok Sabha as they feel it would undo the gains the banking sector had made through the nationalization of banks in 1969. Reports said that the resolution passed at… Read More »
A recent press report said that the net profit of IndusIndBank has increased by 45 percent from Rs.133 crore to 193 crore for the July-September quarter this year. Reports said that the increase in profit was due to the healthy rise in both net interest income and other income. Mr. Romesh Sobti, Managing Director, IndusInd… Read More »
According to a recent press report, Bank of India has planned to derive 19 percent of its operation from international continents. Currently, the bank has planned to open four more subsidiaries in the continents such as Uganda, Rwanda, Botswana and Canada. Mr. N. Seshadri, Executive Director, Bank of India stated that the Bank has opened… Read More »
According to a recent press report karur Vysya bank has announced a new Diwali discount offer to attract customers. The bank has planned to offer gold coins in different denominations according to the convenience of the customers. The KVB bank is known for its smartness, the 999.9 purity coins with international standards offered by the… Read More »
According to a recent press report Bank of India has planned to offer rewards points to its customers who purchase through their Debit Card. Bank of India is known for its relationship beyond banking. The bank which has understood the temper of its customers, who are usually fond of purchase during this festival season, has… Read More »
According to the recent report from the Press Trust of India, the public sector lender IDBI has planned to launch infrastructure debt fund with the help of various financial institutions and the state owned banks. The Regulatory Body the Reserve Bank of India has to give approval to banks to lauch those products, once the… Read More »
A recent press report State bank of India, the country’s largest commercial bank is looking at the rights issue for capital infusion. The central government is holding 59.4 per cent of major shares of SBI. Government has an influencing authority to frame the fund raising route. It has decided to infuse the capital through preferential… Read More »