The trend of a decrease in growth continued in the last quarter of 2016-17 and was driven largely by the impact of withdrawal of high value notes from circulation
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As per RBI norms, the bank was supposed to be under threshold one of prompt and corrective action (PCA).
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Private sector Yes Bank has received $150 million funding from the US government and Wells Fargo to increase lending to support women entrepreneurs and small and medium-sized enterprises in India
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This is the third round of funding to the bank as part of arrangement with the Overseas Private Investment Corporation (OPIC) - the US government development finance institution - and Wells Fargo.
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Post reforms, many ULIP's have become worthy of your consideration. Make sure you assess fund performances, fund manager pedigree, as well as all associated costs before you sign up for one. Follow the three pointers detailed above for best results
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New investors could consider taking the SIP route and opting for the first category of funds, in order to take a more measured allocation to them
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Launched in 2009, ICICI Prudential Long Term Plan has built up an impressive track record of predicting interest rate cycles, translating into a noteworthy since inception annualized return of 10.56%
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In scenarios such as todays, where rates are projected to come down in the medium term, it certainly makes sense to select a shorter reset period so that the benefits of the reduced rates get passed on to you more quickly
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