There is some good news for bank customers. It may soon be time to bid goodbye to bad memories of being penalised for non-maintenance of the minimum balance, being charged for shifting home loans, or having struggled to recover money after failed ATM transactions http://www.business-standard.com/india/news/rbi-panel-wants-banks-to-serve-customers-better/444795/
A Parliamentary standing committee on finance has expressed concern over the increase in the number of claims rejected by the insurers. The Parliamentary committee in its 33rd report has also pulled up the insurance regulator for not maintaining any data base on the same, vital for protection of policyholder’s interest http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/parliamentary-committee-expreses-concern-on-claims-rejected-by-insurers/articleshow/9456910.cms
To prevent unauthorised trading, the Securities and Exchange Board of India (Sebi) on Tuesday asked stock exchanges to send details of transactions in equity cash and derivatives segments to investors through text messages and emails by the end of every trading day. Stock exchanges would have to provide a platform to stock brokers to upload […]
The slide in premium collection by life insurance companies continued in June. Led by a 29 per cent fall in premium collection by Life Insurance Corporation (LIC), first-year premium collections by life insurance companies fell 28.36 per cent in the April-June period, compared to the corresponding period last year http://www.business-standard.com/india/news/life-insurance-premium-mop-up-declines-28/444686/
The Insurance Regulatory and Development Authority (Irda) has decided to do away with the 4.5 per cent guaranteed annual return clause from pension products. In a draft exposure on the pension plans, the insurance regulator, while allowing more flexibility to insurers, said these products should carry an “assured benefit” disclosed at the time of issuance. […]
The Securities and Exchange Board of India (Sebi) on Monday framed a separate set of regulations for ‘alternative investments’ now classified as ‘collective investment schemes’. The new rules will apply to all hedge funds, real estate, private equity, debt, venture capital, private investment in public equity, infrastructure, social venture, strategy and small and medium enterprise […]
New Fund Offers Scheme Name NFO Dates Type / Asset Allocation Pattern ICICI Prudential Multiple Yield Fund Jul 29 – Aug 12, 2011 A close-ended Income Fund 70-100% Money market instruments, Short term and medium term debt securities and securitised debt 0-30% Equity or Equity related Securities
Latest Fixed Maturity Plans (FMPs) Scheme Name Tenure FMP Dates Min. Amount Regular / Instit. / Super Instit. FMPs with tenure more than/equal 1 year ^^ HSBC Fixed Term Series 81 370 Days Aug 04 – Aug 08 10,000 Kotak FMP Series 55 24 Months Jul 28 – Aug 09 5,000 FMPs with tenure less […]
Upcoming Dividends Diversified Equity Funds Dividend / Unit Record Date Div.Yield (%) UTI Master Value Fund 1 4-Aug-11 4.24 L&T Midcap Fund 2.5 8-Aug-11 11.3
High networth individuals who ‘buy’ loss/profit from friendly brokers to either suppress taxable income or convert black money into white, will find it difficult to do so, from August 1. This follows the new rules on modification of client codes (the client’s trading account number), effective from Monday. Under the new SEBI rule, brokers will […]
