Well known Muthoot Microfin Ltd. which is a part of Muthoot Pappachan Group is going for Initial Public offering to raise funds between Rs. 4000 and Rs. 5000 crore. The company has appointed Motilal Oswal Edelwelss and Credit Suisse as the merchange bankers for the issue and proposes to file a draft redherring prospectus in

Are you surprised to hear this news:  PSU BANK JOBS ARE NO LONGER COVETED AS BEFORE?  There has been a notable fall in the number of candidates’ registering themselves for Clerical and probationary Officer/Management Trainee posts in a Public Sector Bank.  This is revealed from the data of Institute of Banking Personnel Section 9IBPS).    IBPS

The Insurance Regulatory and Development Authority of India (IRDAI) board on Friday approved Life Insurance Corporation´s investment in IDBI Bank, thus permitting LIC to own up to 51 per cent in the long-suffering lender. This precisely means that LIC will now be able to pump Rs. 100130 billion into IDBI Bank in tranches through a

The largest investor in State owned Banks, Life Insurance Corporation (LIC),   has trimmed its exposure on PSBs.  During last one year, the average holding in 20 PSBs has come down to 11.9% from 12.7%. In fact, in the last one year, the average holding in 20 PSBs has come down to 9% from 12.7%. During

Participatory Notes investment market in India, came down to a nine year low level by Rs. 93,000 crores during end May this year, with the strict rules and regulations brought out by SEBI imposed to check their misuse. SEBI adds that the total value of P-note investment in Indian markets through equity, debt and derivatives