Senior citizens, it seems, are clearly enjoying the fruits of the freeing of interest rates on savings accounts. After the Reserve Bank of India deregulated savings bank interest rate in October, banks like Kotak Mahindra, YES and IndusInd started offering higher returns (around 5-7%) on savings bank accounts. Until then, banks were mandated to offer […]
The National Stock Exchange (NSE) has launched a know-your-customer registration agency (KRA) through its subsidiary Dotex International. The move comes in the wake of specific directive from the Securities and Exchange Board of India to start KRAs http://economictimes.indiatimes.com/markets/stocks/market-news/nse-launches-know-your-customer-registration-agency/articleshow/12166193.cms .
The National Stock Exchange (NSE) has launched a know-your-customer registration agency (KRA) through its subsidiary Dotex International. The move comes in the wake of specific directive from the Securities and Exchange Board of India to start KRAs http://economictimes.indiatimes.com/markets/stocks/market-news/nse-launches-know-your-customer-registration-agency/articleshow/12166193.cms .
Urban Indians are not very aware about insurance products and their investment planning is not aligned with their current needs, says a survey by private insurer HDFC Life. “Indian urban consumers’ current sense of financial freedom is low,” the survey said. http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/urban-indians-have-low-awareness-for-insurance-products-survey/articleshow/12164867.cms .
The last tax-free bond issue of the current financial year will be out of bounds for foreign institutional investors, non-resident Indians and foreign corporate bodies. A long-term infrastructure bond issue by the Rural Electrification Corporation (REC) will be the first public issue to deny these set of investors from participating. http://www.business-standard.com/india/news/foreign-investors-shut-outrec-bond-sale/466835/ .
In about a month’s time from now, purchasing general insurance policies for health, motor and property could become more expensive, as the government has asked insurers to bear the risk of loss-making businesses on their books — else hike the premiums adequately. This would impact the car insurance segment especially, as insurers were used to […]
Indian insurance companies have borne a loss of over Rs 30,000 crore in 2011 due to different kinds of frauds, a study has claimed. It cited collusion between the employees of insurers and private persons, document falsification and manipulation in citing cause of death to claim insurance benefits, as some of the reasons behind these […]
The Insurance regulator has expressed concern over corporate governance at India’s biggest insurer, the Life Insurance Corporation or LIC, which has been led by an acting chairman for the last nine months. http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/irda-raises-concerns-over-corporate-governance-in-lic/articleshow/12139256.cms
Small policyholders of the country’s largest life insurer are carrying the can for the government’s ambitious disinvestment programme. Almost all of Life Insurance Corporation (LIC) of India’s investment calls in the government’s disinvestment programme that restarted in 2009 have gone wrong, resulting in huge notional losses for policyholders in the underlying schemes http://www.business-standard.com/india/news/lic-policyholders-carry-disinvestment-can/466727/ .
1) Issue Details: Issue closes: Feb 29 – Mar 27, 2012 Rating: ‘BWR AA–’ by Brickwork Ratings India Pvt. Limited, CARE‘A+’ by CARE Ratings (Credit Analysis & Research Ltd.), ‘LA’ [now ‘(ICRA) A’] by ICRA Limited Face Value: Rs. 5,000 /- per bond Subscription amount: Minimum Rs. 5,000 or 1 bonds Lock In period: 5 years […]
