Blog

mutual fund: How to set up a mutual fund systematic transfer plan [ad_1] Allocation to asset classes depends upon life stage, goals and risk appetite. Mutual funds allow increase in allocation to an asset class using the systematic transfer plan (STP). This way, investors can transfer investments from one scheme to another. Possibilities Asset allocation can be achieved using STP ...

Major bank union oppose banking licences to industrial houses The Indian banking sector`s largest union, the All India Bank Employees` Association (AIBEA), on Tuesday opposed the recommendations made by the Reserve Bank of India`s (RBI) Internal Working Group as they are “retrograde” and would endanger people`s money.           “We strongly denounce the provocative recommendations of the ...

August Bank holiday 2022: Bank long holiday weekend August 2022: Banks to remain closed on these dates this week [ad_1] This week banks will be closed on many days due to numerous festivals and important days that will be observed in the second week of August. In India, a list of bank holidays has been provided by the Reserve Bank ...

Protection of Lakshmi Vilas Bank could be done without compromising national interests: Swadeshi Jagran Manch Swadeshi Jagran Manch has written to Shaktikanta Das Governor Reserve Bank of India, saying protection of the beleaguered Lakshmi Vilas Bank could be done without compromising national interests. The letter from Swadeshi Jagran Manch read, “This refers to the news published in various Media that ...

fd interest rates: This NBFC hikes FD interest rates by up to 50 bps; now 8.75% for this tenure [ad_1] (STFC), a part of the Shriram Group, has announced a hike in fixed deposit rates by 25 to 50 basis points (0.25%p.a. to 0.50%p.a.) across different tenures. Now, customers can earn interest up to 8.75% on FDs, effective from Aug ...

Lakshmi Vilas Bank moratorium ends on Nov 26; good news for account holders, cap on cash withdrawals ends Nov 27 Lakshmi Vilas Bank (LVB) moratorium period will come to an end on Thursday and normal banking operations would commence thereafter, RBI-appointed administrator T.N. Manoharan said. That means cap on cash withdrawals for bank account holders goes too. “The moratorium period ends ...

Ways to get lucrative return on investment from equity funds [ad_1] Don’t expect steady return y-o-y In India, the average long-term return from investing systematically has been about 14-16%. This will come down if inflation comes down in the future. This will also be subject to severe short-term ups and downs. Therefore, do not expect to earn a steady return ...

Lakshmi Vilas Bank shareholders compensation: Mumbai HC admits writ petition Lakshmi Vilas Bank shareholders compensation: Shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) have started knocking the doors of justice for a fair valuation of their bank, the amalgamation of which takes effect from Friday onwards. On Thursday, Indiabulls Housing Finance Ltd, Kare Electronics and Development Pvt Ltd and others filed ...

How to make your teenager money-wise [ad_1] How to make your teenager money-wise [ad_2]

Lakshmi Vilas Bank writes off bonds worth Rs 318 cr ahead of merger with DBS Bank A day ahead of its merger with the Indian arm of Singapore-based DBS Bank, the debt-ridden Lakshmi Vilas Bank (LVB) on Thursday has written off bonds worth Rs 318.20 crore as per the existing provisions. As per the effective date of merger notified by ...