'The RBI has not allowed any commercial bank to fail in the past three decades.' 'It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal Bandyopadhyay.
The ED case follows the police complaint for alleged criminal conspiracy and defrauding investors.
In HDFC Life, the company has to pare 1.43 per cent, and in HDFC Ergo, it has to pare only 0.58 per cent.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Mid caps need a longer investment time frame than large caps, because of their inherent nature
'The effect will be seen two-three quarters down the line.'
Investment guru and mutual fund expert Ashok Kumar, answers all your MF related queries.
'At the first board meeting I chaired, I sensed that corporate governance is an issue in this company.' 'I started taking steps that may have aggrieved a few.' 'This has now become a mission I intend to accomplish before I step down.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Niti Aayog will prepare the next list of central public sector companies for disinvestment in the next few weeks, its vice chairman Rajiv Kumar said on Thursday and expressed hope that the proposed asset reconstruction and management companies to address banks' bad loan woes will do a good job like the UTI. Days after Finance Minister Nirmala Sitharaman announced the Union Budget for 2021-22 laying out various measures (including disinvestment proposals) to bolster the pandemic-hit economy, Kumar also emphasised that the Modi government has shown consistent commitment for the welfare of farmers and for the improvement of the agriculture sector. "Now the process has begun... We will complete preparation of the next list in the next few weeks, we have got the marching order," Kumar said about the list of public sector companies for the next round of stake sales.
US-based Oaktree on Monday pipped Piramal Enterprises and Adani Group to emerge as the highest bidder for DHFL after fresh bids were invited under the insolvency process, according to sources. The committee of creditors had fixed December 14 as the last for submission of revised bids. According to the sources, Oaktree raised the bid to Rs 36,646 crore, including Rs 1,000 crore for insurance and Rs 3,000 crore of interest earned, while Piramal Enterprises offered Rs 35,550 crore, including Rs 300 for insurance and Rs 3,000 of interest earned.
The biggest gainers on both bourses were Bharti Airtel, HDFC duo, L&T, Bajaj Auto, Kotak Bank, Reliance Industries, Axis Bank, ICICI Bank, SBI, ITC and Bajaj Finance, rising up to 4 per cent.
The fund industry may have embraced machines and robots, but managing money still needs the human touch
HDFC Equity, the largest equity fund, also managed by Prashant Jain, with a corpus of Rs 10,445 crore, has 9.4 per cent of its assets in SBI.
'Investors need to find out how the FMP's assets are distributed and ensure the investments are in high-quality names.'
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent.
If you are a retail investor, you can allocate a portion of the portfolio to the medium- to long-term debt fund category instead of gilt funds.
The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the fund managers said.
UTI, HDFC, Reliance MF and SBI MF already source 17-25% of funds from small towns.
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
In a chat on rediff.com, Feroze Azeez offered valuable tips.
Neha Kapoor, 22, wants to buy a laptop and save for the future. Financial planning expert Gaurav Mashruwala tells her how she can achieve both goals.
In a live chat on rediff.com on Wednesday, July 16, 4 pm, Feroze Azeez, will offer some valuable suggestions on investments.
The payouts were 22 per cent lower than the previous year's tally of Rs 7,938 crore.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
Loan rates will change at the next reset, while deposit rates will continue till maturity.
Overall, the MF industry saw nearly Rs 5 trillion, or 18 per cent, of asset erosion in March, with the asset base shrinking to Rs 22.26 trillion from Rs 27.22 trillion at February-end.
India has been a core portfolio holding for emerging market funds.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
GST will now apply to mutual funds, loan instalments and credit card dues.
The RBI, which has no interest or mechanism to get feedback from bank customers, is unaware of this. If made aware, it remains silent, proving that it has no problem in allowing lenders to short-change its customers, says Debashis Basu.
I would advise at least a 7 year investment time frame for Equity Investing
'EPFO's investments this financial year should be Rs 1 lakh crore'
With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak. As part of measures to alleviate hardships faced by people, the Reserve Bank of India, on March 27, announced a slew of steps, including a three-month moratorium on loan repayments.
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