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Visas Movida to go live next month with HDFC Bank Visas Movida to go live next month with HDFC Bank
The Visa-promoted Movida mobile payments platform will go live next month with the second largest private sector lender HDFC Bank as its banking partner, a Visa top official has said.
SEBI panel to study global practices to expand MF reach SEBI panel to study global practices to expand MF reach
Market regulator SEBI has asked its mutual fund advisory panel to study regulatory provisions in international jurisdictions to suggest ways to channelise retail savings into MFs and submit a report in 3-4 months.
OBC launches RuPay cards with withdrawal limit of Rs 25,000 OBC launches RuPay cards with withdrawal limit of Rs 25,000
RuPay is the domestic ATM/debit card payment system on the lines of international systems like Visa and Mastercard.
Retired officials, teachers to push MF sales Retired officials, teachers to push MF sales
Retired government officials, teachers and bank officers would be able to sell mutual funds from next month as part of market regulator Sebi's efforts to expand investors base in these products.
SEBI implements measures to revive MF industry SEBI implements measures to revive MF industry
Market regulator SEBI Thursday announced implementation of a number of steps for the benefit of mutual fund industry, including an additional levy on investors for catering to smaller cities and availing the services of a whole new class of persons as distributors.
Reliance MF in distribution tie-up with IOB Reliance MF in distribution tie-up with IOB
Reliance Mutual Fund, a part of Reliance Capital, on Thursday said it has entered into a distribution tie-up with Indian Overseas Bank (IOB).
‘Most equity MFs in India underperform over 5 years’ ‘Most equity MFs in India underperform over 5 years’
Majority of equity mutual funds in the country have underperformed against their respective benchmark indices over the last five years, according to a report by S&P Dow Jones Indices and Crisil released Thursday.
Pension scheme launched for contractual teachers in Bihar Pension scheme launched for contractual teachers in Bihar
The state government on Wednesday launched a pension scheme for over 2.5 lakh contractual teachers in Bihar with prospective effect from January, 2013.
ICICI Lombard introduces Complete Health Insurance product ICICI Lombard introduces Complete Health Insurance product
ICICI Lombard General Insurance has launched a flexible health insurance product with no restriction on maximum entry age.
CAG flays DoP for fraudulent encashment of KVPs/NSCs CAG flays DoP for fraudulent encashment of KVPs/NSCs
A fraudulent encashment of Kisan Vikas Patra/National Savings Certificates worth Rs 9.01 crore between 1996 and 2004 could have been prevented if the Head Post Office in Varanasi had sent the statement of unsold cash certificates to Director of Accounts (Postal), CAG said on Thursday.
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