“To increase awareness and investor education, Sebi has proposed a three-dimensional strategy going forward comprising of mass media campaign, coordinated approach with various regulators for financial literacy initiatives and a national strategy for financial education,” said Ananta Barua, executive director, Sebi, who is optimistic about Sebi’s future plans in these areas. Barua was speaking at […]
The Securities and Exchange Board of India (Sebi) on Tuesday introduced a 15 per cent reservation for small shareholders in buyback offers. The securities market regulator has defined ‘small shareholders’ as those whose value of shares in a particular scrip is less than than Rs 2 lakh http://www.business-standard.com/india/news/sebi-reserves-15-for-small-investors-in-share-buybacks-/464009/ .
Cracking the whip on the illegal activities of gold loan companies, the Reserve Bank of India (RBI) on Monday asked Manappuram Finance Limited, a leading financial services firm that provides loans using gold as collateral, not to accept or renew deposits from the public. The RBI has stated that “acceptance of deposits either by Manappuram […]
Cracking the whip on the illegal activities of gold loan companies, the Reserve Bank of India (RBI) on Monday asked Manappuram Finance Limited, a leading financial services firm that provides loans using gold as collateral, not to accept or renew deposits from the public. The RBI has stated that “acceptance of deposits either by Manappuram […]
Financial regulators in India are working with the Centre to develop a policy framework aimed at investor education and financial inclusion. The HRD Ministry is working with all financial regulators to introduce financial education in the school curriculum of the Central Board of Secondary Education. “A draft has already been prepared,” said Mr. U K […]
Financial regulators in India are working with the Centre to develop a policy framework aimed at investor education and financial inclusion. The HRD Ministry is working with all financial regulators to introduce financial education in the school curriculum of the Central Board of Secondary Education. “A draft has already been prepared,” said Mr. U K […]
After shares and mutual funds, its now the turn of insurance policies to be digitised, with insurance regulator IRDA expected to give the nod for making policies available in demat form. Insurance companies and insurance repositories are working on issues connected to the proposal. Several aspects regarding the same have been discussed, Life Insurance council […]
Two former private bank employees have been arrested for allegedly cheating people on the pretext of reviving policy accounts that had become inactive due to non-payment of installments. Police said the accused — Ravi Kumar and Vinish — used a ‘magic pen’ for the purpose. http://www.financialexpress.com/news/they-used-magic-pen-id-cards-to-cheat-over-50-investors/907345/0 .
The retail investor participation in stock market is growing in smaller towns keeping pace with general financial literacy and awareness. “Although Mumbai still accounts for almost one-third of the stock market participation, the penetration in smaller towns is growing rapidly,” financial services group AnandRathi chairman AnandRathi told Business Standard here. The capital market was the […]
The insurance regulator is determined to make agents graduate into “advisors” and is coming up with a detailed guideline that would make sale of a life insurance policy “need” or “suitability” based. According to the guidelines, which will come into effect from April 2012, insurers and agents will have to adopt a standard ‘Proposal-cum-needs analysis […]
