Reliance Life works out ways to tap rural market
Ritwik Mukherjee, Feb 07 2012, KolkataReliance Life Insurance Company, an arm of Reliance Capital, is working out ways to tap semi-urban and rural markets through new distribution channels. The two models, the company is
Immature retail market forces bond issue in phases
R Srividhya, Feb 07 2012, ChennaiIf non-banking finance companies (NBFC) are coming out with the repeated tranches of retail bond and debenture issues in a matter of few weeks, it is the still-evolving retail debt
IDBI expects lending rate to fall by 100 bps
Sagar Sen, Feb 07 2012, New DelhiIDBI Bank, the seventh largest public sector bank, is expecting interest rates to come down by 50 to 100 basis points in next 12 months. But, it does not
Include tax saving as a part of your overall financial plan
, Feb 07 2012It is January and most companies would have asked their employees to submit their tax-saving proofs immediately. One of the common mistakes most tax savers make is they
RBI nod no longer needed for cut in sanctioned ECB limit
, Feb 07 2012, MumbaiSimplifying norms for overseas borrowers, the RBI today said they will no longer require its approval to raise an amount lesser than sanctioned ECB as the power to authorise the
SBI looking at higher profits in FY12, plans expansion abroad
, Feb 07 2012, BhubaneswarCountry's largest state-owned lender SBI today said its profit this fiscal will surpass that of last year, and announced plans to expand operations overseas through subsidiaries including one in Australia.
Find whereabouts of unclaimed deposit holders: RBI tells banks
, Feb 07 2012, MumbaiRBI has directed banks to find the whereabouts of the holders of unclaimed deposits by displaying the list of such accounts on their websites and providing the details of the
Vodafone to introduce loan repayment, money transfer services soon
S Shyamala, Feb 01 2012, ChennaiAs a part of its plan to move beyond voice services Vodafone is focusing on data and m-commerce. Services including loan repayments and money transfer through the mobile
Rupee gains early, but wary on Greece
, Feb 07 2012The rupee opened stronger on Tuesday in anticipation of dollar inflows, but concerns that Greece may fail to meet conditions to get its next bailout kept traders wary.
At
Fidelity AMC posts higher losses despite stable income
, Feb 06 2012, FC Research BureauFidelity Mutual Fund’s investment manager, FIL Fund Management, whose operations has been under strategic review of Fidelity Worldwide Investments for some time now, saw no year-on-year decline in its total
- Payout on Franklin Templeton plan
FT Capital Protection Oriented plan has announced up to 100 per cent of distributable surplus as dividend.
- Canara Robeco declares dividend
Canara Robeco Interval Series 2 has declared up to 100 per cent of distributable surplus as dividend.
- Payout on HSBC MF plan
HSBC Mutual Fund has declared up to 100 per cent of distributable surplus as dividend on HSBC Fixed Term Series 30.
- Dividend on Kotak MF
Kotak Mutual Fund has announced up to 100 per cent of distributable surplus as dividend on Quarterly Interval Plan Series 8.
- UTI Mutual Fund declares dividend
UTI MF has declared up to 100 per cent of surplus as dividend on UTI Quarterly Interval Fund Series IV.
- Payout on Bharti AXA scheme
Bharti AXA Mutual Fund has declared dividend on weekly frequency on Bharti AXA ST Income Fund.
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