ArticleField.comInternet's Fastest Growing Free Content Article DirectoryAsset management companies (AMCs) are paying a higher upfront fee to distribution subsidiaries of foreign and private banks nowadays to drive ‘exclusive sales’ of their schemes, mainly equity. This commission is in addition to the upfront and annual trail fees that mutual funds pay distributors for selling their schemes, said top AMC officials. AMCs are […]
U.S. consumer credit outstanding shot up by $6.25 billion during April after a downwardly revised $4.82 billion rise in March, reflecting a rise in student and car loan. The rise in total consumer credit reported by the Federal Reserve was the seventh straight monthly increase and was well above forecasts by Wall Street economists for […]
As per reports, Mahindra Finance is ready to roll out its mutual fund biz. According to Ramesh Iyer, managing director, the non-banking finance division of the $11.1-billion Mahindra Group is looking for in-principal nod from the securities market watchdog Securities Exchange Board of India (SEBI) and it should come by August 2011. Mr. Ramesh said, […]
1. Constrict Up Your Credit The terms of your Car loan are based on your credit score. If you have perfect credit, you receive the lowest possible interest rate. If you don’t, you have to pay more because of your questionable repayment history. If you have problems with your credit and you don’t need to […]
The National Housing Bank (NHB) has increased standard assets provisioning on retail home loans from 0.1% to 0.4% that will impact the earnings of housing finance companies. This was indicated by NHB executive director RV Verma, who was speaking on the sidelines of a seminar on inclusive growth by Skoch. He said NHB has not […]
