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Bankers call for more awareness campaigns on ponzi schemes
May 19, 2013 at 00:16 | Source: The Hindu BusinessLine
Kolkata, May 18: Financial literacy and investor awareness campaigns need to be initiated to caution depositors from investing in schemes floated by shady companies, according to senior bank officials. In the wake of the crumbling of the the multi-c...
RBI or SEBI should create awareness against ponzi schemes: SBI
May 18, 2013 at 22:56 | Source: DNA India
In the backdrop of the chit fund scam, the State Bank of India on Saturday said Reserve Bank of India or Securities and Exchange Board of India should take up major campaigns to create awareness among investors being lured to ponzi schemes. RBI...or...
SBI Mutual Fund ties up with NISM
May 18, 2013 at 21:36 | Source: The Hindu BusinessLine
Chandigarh, May 18: SBI Mutual Fund today announced its strategic alliance with National Institute of Securities Markets (NISM) for conducting mutual fund distributors’ (MFD) certification examinations at select learning centres. “Throug...
RBI or SEBI should create awareness against ponzi schemes: SBI
May 18, 2013 at 17:37 | Source: The Hindu BusinessLine
Kolkata, May 18: In the backdrop of the chit fund scam, the State Bank of India today said Reserve Bank of India or Securities and Exchange Board of India should take up major campaigns to create awareness among investors being lured to ponzi scheme...
Sebi says can't curb chit funds due to jurisdictional issues
May 18, 2013 at 11:16 | Source: Business Today
UK Sinha, chairman, Securities and Exchange Board of India The market regulator, Securities and Exchange Board of India (Sebi), has said that it cannot regulate chit fund companies because of jurisdictional issues.In a written reply to the parliamen...
India Infoline set to seek bank licence
May 18, 2013 at 10:25 | Source: DNA India
The Reserve Bank of India s (RBI) scepticism about brokerages seeking to be full-fledged banks notwithstanding, India Infoline says it will be applying for a banking licence soon. The RBI had, in its draft guidelines, barred companies with exposure ...
May 18, 2013 at 09:52 | Source: DNA India
Based on government s acceptance that proliferation of chit funds and instances such as Sharda chit fund scam indicate a failure of the government and regulatory agencies, the Parliamentary Standing Committee on finance is advocating a pan-Indian cl...
Tata Sons cancels divestment of 2.72% stake in TTML
May 18, 2013 at 08:56 | Source: Business Today
Tata Teleservices (Maharashtra) Ltd (TTML) on Friday said its promoter Tata Sons has cancelled the offer to divest 2.72 per cent stake in the company that was aimed at meeting the minimum public shareholding norms.The firm had announced on Wednesday...
NSE set to offer more products for derivatives, awaiting Sebi s nod
May 18, 2013 at 07:10 | Source: Economic Times
MUMBAI: Punters may get a new product to bet on in the derivatives segment if the capital market regulator gives the National Stock Exchange the nod to launch derivatives on the CNX Dividend Opportunities index and CNX Low Volatility index, a Sebi o...
House panel wants ban on ‘unrealistic’ deposit schemes
May 18, 2013 at 00:17 | Source: The Hindu BusinessLine
New Delhi, May 17: In the light of the Saradha group scam, Parliament’s Standing Committee on Finance has called for a complete ban on all deposit schemes which promise abnormal returns. Some committee members were of the view that the Finance...
May 18, 2013 at 00:17 | Source: The Hindu BusinessLine
May 17, 2013: The reputation and reliability of Credit Rating Agencies (CRAs) have taken a knock since the US sub-prime crisis of September 2008. Their failure to account for weaknesses and even giving high ratings to toxic mortgage-backed securitie...
Parliament panel for single regulator to monitor chit fund schemes
May 17, 2013 at 21:26 | Source: DNA India
Against the backdrop of recent chit fund controversy in West Bengal, a Parliamentary committee today slammed such schemes with demands for putting in place a single regulator to oversee their functioning or scrapping them altogether. The Parliamenta...
MPs want ban on investment schemes promising very high returns
May 17, 2013 at 19:10 | Source: Economic Times
NEW DELHI: Members of a Parliamentary panel on Friday pressed for blanket ban on investment schemes promising unreasonable returns and demanded that a law be enacted to have a single regulator to deal with all kinds of chit funds. The Parliamentary S...
MPs want ban on investment schemes promising very high returns
May 17, 2013 at 18:57 | Source: The Hindu BusinessLine
New Delhi, May 17: Members of a Parliamentary panel today pressed for blanket ban on investment schemes promising unreasonable returns and demanded that a law be enacted to have a single regulator to deal with all kinds of chit funds. The Parliament...
Ban investment schemes promising very high returns, demand MPs
May 17, 2013 at 18:52 | Source: FirstPost
New Delhi: Members of a Parliamentary panel today pressed for blanket ban on investment schemes promising unreasonable returns and demanded that a law be enacted to have a single regulator to deal with all kinds of chit funds.The Parliamentary Standi...
Foreign investors see rupee trade at 55-level against dollar in 6 months
May 17, 2013 at 18:36 | Source: Economic Times
NEW DELHI: Foreign investors expect the rupee to trade below 55-level against the US dollar in the next six months even as India's large current account deficit is seen as a major risk. According to a research note by Barclays, which covered foreign ...
BSE slaps restrictions on 29 scrips for failure to meet norms
May 17, 2013 at 16:50 | Source: Economic Times
MUMBAI: Leading stock exchange BSE has imposed restrictions on trading of 29 stocks for failing to convert at least half of the public shareholding into dematerialised format. The bourse would shift these scrips to the trade-to-trade segment or 'T' ...
BSE slaps restrictions on 29 scrips for non-compliance with demat norms
May 17, 2013 at 16:17 | Source: The Hindu BusinessLine
Mumbai, May 17: The Bombay Stock Exchange has imposed restrictions on trading in 29 stocks for failing to convert at least half of the public shareholding into dematerialised format. These scrips would be shifted to the trade-to-trade segment or ...
Chit fund allure to stay sans aggressive bank penetration
May 17, 2013 at 11:04 | Source: FirstPost
Dalia Ghosh, a 28-year-old nurse in Kolkata, invested her savings in an unlicensed fund run by media conglomerate Saradha Group last year, hoping to start her own clothes business.But Saradha went bust in April, wiping out as much as $3.7 billion in ...
PE firms Sequoia, SAIF, Tiger Global may strike 820% profit each on Just Dial IPO
May 17, 2013 at 08:10 | Source: Economic Times
MUMBAI: Private equity firms Sequoia and SAIF and hedge fund Tiger Global stand to make a whopping 820% profit each on their initial investment four years ago, if the initial public offer of Just Dial, India's first voice-based search company, sails...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
