Expense Account, Mint Despite the finmin’s public appeal two days back, the Reserve Bank of India (RBI) governor’s worries over inflation scored over growth concerns and he held onto the policy rates—the repo and reverse repo—though he did try to ease liquidity a bit and shaved another 25 basis points off the cash reserve ratio...
Expense Account, Mint Two years ago when the team at Mint Money created Mint50 (the latest listing here: http://goo.gl/23Qon) our aim was to pick out investment-worthy funds from a large pool of over 2,000 funds. The usual processes of getting a robust methodology in place (you can read it here: http://goo.gl/guZtN) and getting a good data vendor...
Expense Account, Mint The word “direct” is possibly the scariest word in the lexicon today for mutual fund (MF) sellers and advisers. At the receiving end of a series of regulatory changes for the last few years, the unregulated sellers’ community is going through growing pains. The next (and certainly not the last) regulatory directive...
Expense Account, Mint An increasingly consumer-focused insurance regulator pushed the envelope just a bit further last week. On 5 October, the insurance regulator asked SBI Life to refund Rs.84 crore to policy holders, you can read the order here:http://www.irda.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo1798&flag=1. The Insurance Regulatory and Development Authority (Irda) rules for group insurance (notified in 2005) mandate that beyond...
Expense Account, Mint October has begun well. On the first day we had the roadmap for financial sector legislative reform unveiled in the form of an approach paper, and significant life insurance reforms. While the insurance reform is about removing wrinkles in the world as it exists, the first one aims to redefine the world....