The deregulation of interest rates on savings bank (SB) account seems to be encouraging banks to offer value added services to customers. Some banks are increasingly exploring the possibility of providing insurance cover on liabilities products such as SB account and fixed deposits instead of offering higher interest rates http://www.thehindubusinessline.com/industry-and-economy/banking/article2834604.ece .
State-run Housing and Urban Development Corporation (HUDCO) today said its public issue of tax-free bonds will hit the market on January 27 with a target of raising up to Rs 4,685 crore. “HUDCO is issuing tax-free bonds with a face value of Rs 1,000 each… aggregating Rs 2,000 crore with an option to retain over-subscription […]
Indian Railway Finance Corporation Ltd has come up with the Tax Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures The issue opens on January 27′ 2012 and ends on February 10′ 2012. The issue is secured and rated “CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE & “[ICRA] AAA” by ICRA. INVESTMENT SERIES […]
To give a leg-up to the National Pension Scheme, the regulator for pension funds has changed the incentive mechanism for distributors by fixing it at 0.25 per cent of the contribution made by subscribers, subject to a ceiling of Rs 25,000. At present, the distributors are allowed to charge only Rs 20 every time a […]
Sales of life insurance policies continue to decline even during the tax-saving season. According to the data released by the Insurance Regulatory and Development Authority, or Irda, new business premium income for life insurance has fallen by 17% to Rs 71,953 crore during April-December, 2011, from Rs 86,698 crore a year ago. http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/new-business-income-for-life-insurance-companies-down-17-irda/articleshow/11623321.cms .
After a series of investor-friendly measures, the Securities and Exchange Board of India (Sebi), the capital market regulator, plans to back it up with a first-of-its-kind advertising campaign, expected to be launched next month. The primary objective will be spreading investor awareness and increasing penetration http://www.business-standard.com/india/news//investor-friendly/-sebi-to-launch-ad-campaign-next-month/462739/ .
The Securities and Exchange Board of India (Sebi) may not relax the ‘know your customer’ (KYC) norms for qualified foreign investors (QFIs) for investing in domestic mutual fund industry. Last month, industry chief executives had requested for a relaxation after witnessing no inflows even after five months of the measures taken in August last year […]
Surely, there must be a better path for including foreign individuals and other retail investors in the Indian market than the QFI regime and one wonders if Sebi has looked at the FII regulations carefully. During the period between 2000 and 2008, virtually any foreign entity or individual could be a sub-account of an FII. […]
The New Pension Scheme (NPS) Trust has ‘suggested’ a clean-up action plan for the seven pension fund managers, which includes a clear strategy to exit all investments made in their own promoter groups. But, fund managers are treating its suggestions as ‘elders’ advice.’ The NPS Trust’s review of pension fund managers’ investment strategies over the […]
