Are you an SBI Savings Bank Account holder? If yes, this news is for you! Regarded as the Country’s largest lender, i.e. State Bank of India (SBI) recently gave this gift to its customers by announcing that there will be no requirement of holding...
Read MoreKey Takeaways of Mahindra Mutual Fund Kar Bachat Yojana
Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund and a wholly owned subsidiary of Mahindra Finance, has launched Mahindra Mutual Fund Kar Bachat Yojana, an open-ended Equity Linked Savings Scheme...
Read MoreState Bank of India to merge five of its associate banks from April 2017
In what can be called as the biggest consolidation in the history of Indian banking, State Bank of India will be merging five of its associate banks from April 1, 2017. Once the complete merger takes place, State Bank of India is expected to become...
Read MoreMF Strikes Right Chord with Investors, Clocks Inflow of Rs 1.02 Lakh Cr in July
In what could give mutual fund industry the much needed lift after a poor market sentiment that triggered outflows of Rs 21,535 crores in June, the net inflow in various mutual fund schemes touched a whopping figure of Rs 1,02,720 crores in July, as...
Read MoreThree leading Indian banks to charge you extra after four free transactions
Three leading private sector banks in the country viz, HDFC bank, Axis bank and ICICI bank are going to charge you a minimum of ₹ 150 after you make more than four cash transactions in a month. This move is effective from today. March 2, 2017,...
Read MoreEquity Hot Favourites for MFs, Sees Inflow of ₹2,700 Cr in Aug
Buoyed by the positive investor sentiments after the passage of much delayed GST Constitution Amendment Bill in both houses of Parliament last month, India's equity markets got a shot in the arm with mutual fund houses pumped in investments of over...
Read MoreRBI to Announce Monetary Policy on 6th April, Expect No Rate Cut Like Last Time
The second bi-monthly RBI monetary policy review of 2017 is set to happen tomorrow i.e. April 6. Seeing the RBI’s shift from accommodative to a neutral stance, there is a widespread speculation that the central bank may hold on to the key policy...
Read MoreHDFC, Max Group Announce Merger of Life Insurance Businesses to Form Entity of Rs 67K Cr
In what could be seen as a significant development in the life insurance industry, HDFC Life, Max Life and Max Financial Services gave their nod to the merger of life insurance businesses among the entities. The estimated market value of the...
Read MoreRBI to Introduce ₹200 and ₹1000 Currency Notes
In accordance with media reports, there is a fair chance that the Reserve Bank of India may bring new ₹200 note. The decision regarding this was taken last month. The printing of new banknotes is expected to begin after June once the Modi...
Read MoreBharatiya Mahila Bank to merge with SBI, Women borrowers to get Benefits
The Government of India has given its nod to the merger of Bharatiya Mahila Bank (BMB) with the country’s leading public sector bank, State Bank of India. Mahila bank was incorporated in the year 2013 and was inaugurated by former Prime Minister...
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