Birla Sun Life AMCs gesture to Elite Circle
Mumbai: Birla Sun Life Asset Management Company Ltd has introduced a facility for its large investors called the Elite Circle. The membership of the Elite Circle entitles investors to a free life insurance policy of Rs 5 lakh.
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Alliance Capital MF moots another equity product
Mumbai: Alliance Capital Mutual Fund has mooted yet another broad-based equity product meant to complement the existing flagship, Alliance Equity Fund. Titled Frontline Equity Fund, the proposed scheme will have the BSE-200 as its benchmark.
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Pru ICICI unveils indicative portfolio on fixed maturity
Mumbai: Prudential ICICI Mutual Fund has provided indicative portfolio for its forthcoming fixed maturity plan, the sixth edition in the yearly series. An FMP is made up of investment plans that seek to produce regular returns by investments.
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Kotak Mahindra bank to be operational by yearend
Mumbai: The bank proposed to be set up by the Kotak Mahindra group may be operational before the yearend.
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Average CAR of 27 PSBs up to 11.43% in 2001-02
Mumbai: The average capital to risk assets ratio of 27 public sector banks increased from 10.99 per cent during 2000-01 to 11.43 per cent during 2001-02
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Moodys move on Malaysia upsets analysts
Mumbai: Credit analysts were bewildered by a Moodys Investors Service decision to place Malaysias credit ratings on review for upgrade only 48 hours after the country was plunged into political turmoil.
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