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HSBC closes Muslim accounts in UK

In a controversial move, global private banking major HSBC has closed a number of "risky" accounts belonging to Muslim groups and individuals in the UK.

HSBC has written to one

Mahindra World City SEZ bags IGBC Stage I certification

Mahindra Lifespace Developers the real estate and infrastructure development business of the $16. 5 billion Mahindra Group on Tuesday said its integrated city near Chennai Mahindra World

Gold loan NBFCs set sights on small, payments banks

Gold loan NBFCs see an opportunity in ‘differentiated banking’ considering their reach especially in rural areas. However they are waiting for more clarity on the RBI guidelines

How Ulip scores over others as a better investment product

Unit-linked insurance plans (Ulips) are a category of goal-based financial solutions that offer dual benefits of protection and investment. Your unit-linked insurance plan is linked to the capital market

Morgan Stanley to raise junior bankers' base salaries by 25%

Morgan Stanley is raising base salaries for junior bankers by about 25% in a bid to improve working conditions and retention, Bloomberg said, citing people briefed on the matter.

Associates

How to save on capital gain tax while selling a house

House property remains an attractive option for investors due to the quick value appreciation it provides and the roof one gets over the head. But when you sell a

Payments & small banks: Good, but not great

India’s banking landscape is about to acquire a whole new dimension.
The Reserve Bank of India (RBI) on July 17 released draft guidelines for licensing payments banks and small

FMPs to have longer tenures now, MF asset growth to fall

Hit by the change in the taxation policy, mutual fund houses will now focus on garnering long-term money and no longer be dependent on short-term corporate investments to boost their

Making best use of PPF after the recent changes

The benefits of public provident fund (PPF) got bigger in this year’s budget and it is likely that you would now find it a far more attractive option than before.

Exim Bank wants RBI to hike its leverage ratio by 50 pc

Citing the urgent need for turning the country into an export powerhouse and the prevalent practices in competing nations, the Exim Bank has requested the Reserve Bank to increase its

  • 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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