Investors continued to increase exposure through the systematic investment planning (SIP) route in August amid the sustained momentum in the stock market. New SIP account registration hit a record 24.9 lakh in the month, showed the data from the Association of Mutual Funds in India (AMFI). The number of registrations in August was nearly 2.5 … Read more
The banking and financial services sector offers many investment opportunities. It is closely linked to the economy and has the potential to grow faster than the economy. This is reflected on the fact that the share of financial services in India’s market capitalisation has increased from ~6 per cent in FY01 to ~24 per cent … Read more
NEW YORK: Inflows into cryptocurrency funds and products hit $4.9 billion as of April 16, with the pace of increase slowing a bit in the first two weeks of the month after hitting record levels in the first quarter, data from digital currency manager Coinshares showed on Tuesday. Inflows in the first two weeks of … Read more
MR Kumar says the insurance behemoth may bring in outside fintechs and insurance techs to grow scale The productivity of LIC Agents and that of LIC is one of the highest in the industry. You also have the best bancassurance tieup, but you have not managed to capitalise on that.True, this is something we have … Read more
NEW DELHI: PNB Housing Finance said it will seek shareholders’ approval next month to raise up to Rs 45,000 crore through debt securities. The company’s annual general meeting is scheduled to take place on August 5, 2020. Shareholders are being requested to authorise the board of directors to offer, from time to time, the subscription … Read more