1. The top level management of Banks etc. takes huge targets from Insurance Companies, Mutual Funds etc. Then employees of the organization are put under severe pressure to meet the targets. 2. […]
Bankers are ‘BHAYANKAR’ Mis-Sellers
Common KYC for all investment products
Financial sector regulators are working towards a common KYC norm for investors across financial instruments – mutual funds, stocks, bonds, bank deposits, insurance and pension plans. While SEBI has already decided to […]
LIC to buy 10% stake in Kingfisher ?
In an interesting turn of events, the government has decided to ask the Life Insurance Corporation (LIC) to consider picking up 10 per cent stake in the troubled Kingfisher Airlines. The government […]
Mutual Funds industry up 8% in October
After collecting good inflows of Rs. 1,401 crore in September, equity funds mopped up just Rs. 181 crore in October. Similarly, inflows in Gold ETFs halved in the month of October compared […]
Now get consolidated details of transactions for your Mutual fund investments
Mutual fund investors will now get a monthly consolidated statement of all of their transactions in different fund houses. The mutual fund industry has decided to issue Consolidated Accounts Statement (CAS) on […]
Now maturity proceeds of LIC policies through Federal Bank
Federal Bank has signed a pact with the country’s largest insurer Life Insurance Corporation of India (LIC) for paying maturity / survival / money back proceeds of policies. Till now, the maturity […]
Its effectively 16.53% returns from PPF
The hike in interest rate has made the PPF the best option for conservative investors. If a couple starts contributing Rs 1 lakh every year, they can together build a tax-free corpus […]
PNB to buy 30% in Metlife India
Punjab National Bank (PNB), the country’s second-largest state-run lender, said it would buy 30 per cent stake in private life insurance company Metlife India to mark its foray into the life insurance […]
Sovereign Guarantee for all policies issued by LIC will continue by Govt
Sovereign guarantee for all policies issued by Life Insurance Corporation ( LIC ) will continue, a government official said, allaying fears of millions of clients of the country’s largest life insurer. The […]
Health Insurance Cover should be raised: FICCI
With More and more poor people in the country getting into the debt trap due to medical expenses, the Federation of Indian Chambers of Commerce and Industry (FICCI) on Sunday said that […]
