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Assam: Dearth of banks have let chit fund firms flourish

According to official figures, only 30 per cent of the total population in Assam has bank accounts, reports K Anurag The scam-tainted Saradha Group’s operation in Assam will be probed by the......

Chit fund scam biggest challenge for Mamata's govt

With the Trinamool Congress government stepping into the third year of its rule, it is facing its biggest challenge in the multi-crore chit fund scam which has hit lakhs of people across the state.......

Congress realised it was impossible to defend Bansal

Daily revelations about the wealth amassed by Bansal’s family made it increasingly difficult for the Congress leadership to protect him, reports Anita Katyal It is often said that a week is a......

Chit fund scam: Left leaders meet Prez, PM, FM, seek CBI probe

Seeking a Central Bureau of Investigation under court supervision into chit fund scam in West Bengal, Left parties on Thursday accused the Mamata Banerjee government of opposing such a probe into......

Why should the people of Bengal suffer lung cancer?

Mamata Banerjee has announced a Rs 500 crore relief package to assuage those who lost their money to the Saradha chit fund. As West Bengal is dancing on the edge of bankruptcy, this money will be......

Saradha caused by financial system's failure: RBI

The Reserve Bank of India has said chit fund companies which defraud people show the financial system’s failure to bring unbanked population into the formal system.“The fact that people......

'BRICS Bank can supplement infra fund provided by WB'

World Bank alone cannot meet the huge infrastructure fund requirements of the emerging nations, its President Jim Young Kim has said while welcoming the decision of Brazil, Russia, India, China and......

Cobrapost fallout: RBI extends investigation to 34 banks

Reserve Bank of India lens on mutual fund (MF), insurance, gold coin sale by branch’s non-sales staff Commission income from selling insurance and MF banks increased Incentive process to be......

BRICS bank to create a $100 billion contingency fund

BRICS nations on Wednesday decided to establish a new development bank to finance infrastructure projects and to create a $100 billion contingency fund to tackle any financial crisis in emerging......

MFs' exposure to bank stocks soar to 20.1%

The mutual fund industry is betting big on banking space with investments worth more than Rs 42,000 crore (Rs 420 billion) in bank stocks - taking this sector's exposure to the highest level in......

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People speak for fund bank

QNA

Q. How Wire Money Transfers Work and Setup ?
John Smarty: A. more

http://qna.rediff.com/questions-and-answers/how-wire-money-transfers-work-and-setup-/25577192/answers/

Q. Can chit funds or non banking financial Institutions, be regulated by SEBI/RBI?
Sisir Majumder: A. Two parties are always involved in a wire transfer: the sender and the receiver. First, the sender must go to a bank or wire transfer facility...... more

http://qna.rediff.com/questions-and-answers/can-chit-funds-or-non-banking-financial-institutions-be-regu/25573998/answers/25577199

Q. What action should be taken to chit fund?
Sisir Majumder: A. needs highest regulator as they are dealing with crores of public money. more

http://qna.rediff.com/questions-and-answers/what-action-should-be-taken-to-chit-fund/25512105/answers/25574013

Web results for Fund Bank

FinMin asks cash-rich PSUs to buy its equity in other govt companies

The Finance Ministry has asked cash rich PSUs like Coal India, ONGC and Oil India to consider buying government equity in other state-run firms to... ...

http://www.mydigitalfc.com/news/finmin-asks-cash-rich-psus-buy-its-equity-other-govt-companies-336

FM for plugging regulatory gaps in financial sector

Amid outcry over Ponzi schemes causing huge losses to common people, Finance Minister P Chidambaram said on Wednesday there are regulatory gaps and... ...

http://www.rediff.com/money/report/fm-for-plugging-regulatory-gaps-in-financial-sector/20130522.htm

Sensex gains; IT leads

The BSE Sensex gains 0.39 percent, while the broader Nifty is up 0.4 percent. Asian stocks rose on Wednesday following a positive lead from Wall... ...

http://www.mydigitalfc.com/stock-market/sensex-gains-it-leads-316

Dow, S&P end at records on Fed officials' reassurance

By Angela Moon NEW YORK (Reuters) - U.S. stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve... ...

http://in.reuters.com/article/2013/05/21/us-markets-stocks-idINBRE93006T20130521

GM Foundation and Chevrolet Donate to 'Help 4 Oklahoma'

/PRNewswire/ -- The General Motors Foundation is pledging $50,000, and Chevrolet is donating a 2013 Chevrolet Silverado full-size pickup to... ...

http://in.advfn.com/p.php?pid=nmona&article=57672194

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