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Sebi asks AMCs to disclose details of risk, performance of schemes in promotional material

[ad_1] Markets regulator Sebi on Tuesday directed asset management companies (AMCs) to disclose details of risk and performance of mutual fund schemes in all disclosures, including promotional material. In order to avoid overload of information on investors, Sebi in April had directed mutual funds to share details of risk, performance and

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National Asset Reconstruction Company to be operational next month: IBA CEO

[ad_1] National Asset Reconstruction Company Ltd (NARCL), the name coined for the bad bank announced in the Budget 2021-22, is expected to be operational in June. Bad bank refers to a financial institution that takes over bad assets of lenders and undertakes resolution. The new entity is being created in

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Making assessment of true state of NPAs in banks: Shaktikanta Das

[ad_1] MUMBAI: The Reserve Bank of India (RBI) has deepened its supervision and is making an assessment of the true state of non-performing assets (NPA) in all banks, its Governor Shaktikanta Das on Friday. As part of its regular supervision, the RBI does an independent assessment to get clear pictures of

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RBI rejects Muthoot Finance’s proposal to acquire IDBI Asset Management Company

[ad_1] KOLKATA: The Reserve Bank of India has rejected non-bank lender Muthoot Finance's proposal to acquire IDBI Asset Management Company on the ground of synergy - or the obvious lack of it. "The activity of sponsoring a mutual fund or owning an asset management company is not in consonance with the

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