SEBI Extends Time Limit for International Mutual Funds to Disclose NAV
The Securities and Exchange Board of India (SEBI) has issued a new time limit for disclosing mutual fund schemes investing overseas’s net asset value (NAV),...
Category : PERSONAL FINANCE
Axis Mutual Fund’s S&P BSE Sensex ETF Opens for Subscription
Axis Mutual Fund announces the launch of a New Fund Offer (NFO) – Axis S&P BSE Sensex ETF. The open-ended exchange-traded fund tracks the S&P...
SBI Loans to be Costlier as Bank Hikes Key Lending Rate
State Bank of India (SBI) has announced a 10 basis point (bps) hike in the marginal cost of fund-based lending rate (MCLR) across the tenor....
SEBI Allows Mutual Funds with Active ELSS to Launch Passive Schemes
The Securities and Exchange Board of India (Sebi) has allowed mutual funds with active Equity-Linked Savings Schemes (ELSS) to launch passive ELSS schemes so that...
IDBI MF Signed to Transfer Schemes to LIC MF
IDBI Mutual Fund, initiated by IDBI Bank, has agreed with LIC Mutual Fund to move its scheme to the final stage, the bank said. The...
Bank of Maharashtra Jumps on Higher MCLR Rate by 20-30 bps
After the bank announced the higher marginal cost of fund-based lending rates (MCLR) by 20-30 basis points, the Bank of Maharashtra soared at 8.12% to...
AU Small Finance Bank Hikes Rates on Term Deposits and Savings Accounts
AU Small Finance Bank (SFB), India’s largest Small Finance Bank (SFB), has announced an increase in interest rates on term deposits and savings accounts from...
Banks can Now Work with 9 Insurers as Govt Notifies Revision of Insurance Intermediary Regulations
The government has notified the amendments to the Insurance Intermediaries Regulations. As part of this, the maximum number of collaborations between Corporate Agents (CAs) and...
Kotak Mahindra Bank Raises MCLR by 10 Bps
On Wednesday, Kotak Mahindra Bank raised its marginal cost of fund-based lending rate (MCLR) by ten basis points. So, the lender’s one-year MCLR is 8.55%,...
Bank Credit Beats Deposit Growth at Busy Biz Cycle
In India, the Banks are beholding a high credit growth associated with deposits. The credit growth has closely been turned to double the growth in...