FirstRand Bank India (FRB), a division of South African based FirstRand, has announced to offer an interest rate of 7.25 per cent on savings accounts, a bank release said. This interest rate will be offered on its savings accounts with a minimum balance of Rs 1 lakh, it added. http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/firstrand-bank-india-offers-7-25-interest-on-savings-accounts/articleshow/13397815.cms .
After the blood and mayhem comes the introspection and course correction. Even as the private equity (PE) industry completes 10 years in India, a recent study by consulting firm KPMG has projected that 30% of investments here are likely to give negative returns after a holding period of five years. http://economictimes.indiatimes.com/news/economy/finance/why-pe-funds-in-india-are-making-fundamental-changes-in-their-functioning/articleshow/13371196.cms .
Suddenly, there’s a spate of media reports and analyses on how the Insurance Regulatory and Development Authority (Irda) may be in the process of bringing in a new set of stricter rules on a class of insurance policies known as traditional policies. The headlines of these news articles are instructive. ‘After Ulips, traditional plans come […]
Suddenly, there’s a spate of media reports and analyses on how the Insurance Regulatory and Development Authority (Irda) may be in the process of bringing in a new set of stricter rules on a class of insurance policies known as traditional policies. The headlines of these news articles are instructive. ‘After Ulips, traditional plans come […]
With “profitable growth” replacing “expansion drive” as the buzzword in the sector, the country’s top private life insurers have significantly reduced branches and employees over the last couple of years to cut costs and improve efficiency. http://www.business-standard.com/india/news/top-pvt-life-insurers-shut-1500-branches-in-2-years/474919/ .
The BSE is leaving no stone unturned to boost its equity derivatives segment. The bourse has roped in top foreign banks and brokers, including Morgan Stanley, Deutsche Bank, Interactive Brokers, Citi and Merrill Lynch, to act as market makers on its derivatives segment, a move that may pull in foreign investors, who have restricted their […]
The Securities and Exchange Board of India (Sebi) is likely to come out with new periodic reporting norms for market intermediaries like depository participants, merchant bankers and credit rating agencies. The capital market regulator’s move is aimed at enhancing the monitoring and inspection structure for market players after their renewal process was done away with […]
Customers will no longer be able to buy gold bars or coins worth more than Rs 2 lakh – even by paying cash – without furnishing an Income-Tax Permanent Account Number (PAN). That is because it is now mandatory on the part of the seller to collect tax at source on such sales. The buyer’s […]
Customers will no longer be able to buy gold bars or coins worth more than Rs 2 lakh – even by paying cash – without furnishing an Income-Tax Permanent Account Number (PAN). That is because it is now mandatory on the part of the seller to collect tax at source on such sales. The buyer’s […]
The Insurance Regulatory and Development Authority (Irda) has asked life insurers to stop selling highest net asset value (NAV)-guaranteed products. In a recent communication to all life insurers, the regulator has said, “The marketing of products labelled as highest NAV product shall not be allowed”. These products contribute almost 20 per cent to the total […]
