'The number of first-time investors into MFs can grow four times more than the current rate if we are able to accept the bank KYCs.'
LIC, ICICI Prudential invest Rs 13,000 crore (Rs 130 billion) and Rs 2,000 crore (Rs 20 billion) respectively in the first quarter of FY09.
ICICI Pru's IPO is being managed by 10 investment banks, including Bank of America Merrill Lynch and ICICI Securities
Private sector market leader ICICI Prudential has reported just a 20 per cent rise in new retail business weighted premiums during March, 2008, and a 40 per cent rise for the quarter ended March 2008. That has dragged down ICICI Prudential's growth for 2007-08 to below 70 per cent. The average for the first 11 months was 80 per cent.
Thanks to the recapitalisation by the government and measures taken by the central bank, collapse of any large housing finance company won't pose as big a risk as it had six months ago.
Sanjay Sachdev of Shinsei Bank and Ajay Srinivasan of Prudential Corporation Asia give their views on where the markets are headed.
Biocon has tied up with ICICI Prudential Life Insurance to market its insulin, Insugen. Accordingly, the company will offer insulin at a subsidised rate to all 'diabetic care' insurance policyholders of the insurance company.
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
ICICI Prudential AMC has launched the ICICI Prudential Micro Systematic Investment Plan (MSIP) with a minimum investment of just Rs 50 per month.
The finance minister said easy access and efficiency in providing banking services will help in revival of businesses which are restarting operations after the lockdown.
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
S V Ramanan, CEO, CAMS Repository Services, answered readers' queries on electronic insurance in an online chat with readers August 6
Real estate giant DLF announced on Tuesday its tie-up with US-based financial player Prudential Financial, Inc for a foray in life insurance business and said the two partners will invest about Rs 10 billion over the next ten years in the venture.
Investors can take exposure in such schemes. Selection of funds, however, is very important
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
Chief Investment Officer of Prudential ICICI, Nilesh Shah discusses the current situation of the market in terms of inflows, valuations and the general consensus on the market.
'These are interesting days for watchers of English cricket and central banking,' points out Amol Agrawal.
To cut its debt, promoter Kapil Wadhawan and promoter group Wadhawan Global Capitalhave resorted to measures such as sale of assets of group companies as well as securitisation of retail assets of DHFL to bring in liquidity.
The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The bench posted the matter for further hearing to February 21 and asked police not to take action against the ICICI officials until then.
Mahendra Singh Dhoni's inspirational leadership guided India to a memorable triumph at the inaugural World Twenty20 Championship in South Africa in 2007. With the fifth edition of the tournament set to commence on Sunday, Rediff.com takes you through Team India's thrilling triumph in the final.
Who should essay the characters of the other members of that history-making Indian squad?
Wondering if mutual fund investments can earn you enough money for your retirement and child's marriage? Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Rakesh Jhunjhunwala sounded another note of caution on the nature of the latest bull run.
Banks might not have realised the exact implication of risky projects under PPP projects, which were getting implemented under high leverage
Private insurance firms say, over the past few years, they have been investing on digital technologies to reach semi urban and rural areas.
Web portal Cobrapost in its string of expose has alleged money laundering and other wrong doings by several public and sector financial institutions ranging from country's largest bank SBI to the youngest lender Yes Bank.
The financial crisis has challenged the intellectual assumptions on which previous regulatory approaches were largely built, and in particular the theory of rational and self-correcting markets.
Leading private life insurers HDFC Standard Life, Bajaj Allianz and Birla Sun Life top the list of firms against whom consumers have filed complaints with sectoral regulator Irda for indulging in unfair business practices.
Loans of over Rs 1.8 trillion, for which agreement has been signed by banks, are likely to be referred to IBC.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The company was paying huge sums of money to their channel partners under different heads in lieu of commission.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
EPFO is managing a corpus of Rs 6.5 lakh crore.
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.
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