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FPIs infuse Rs 30,600 cr in Indian equities in the first fortnight of July

by AIP Online Bureau | Jul 16, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The incessant buying by FPIs could be attributed to a variety of factors such as the country’s robust economic growth, strong corporate earnings, and relatively competitive valuations of Indian equities compared to other markets, Sonam Srivastava, Founder of...

Raj govt partners with Square Insurance

by AIP Online Bureau | Jul 16, 2023 | Indian News, Non-Life, Technology

The objective of the MoU is to bring all the insurance products and services to the last mile person in Rajasthan by using e-Mitra network and provide an umbrella of all the insurance products in services offered by the largest and smallest insurance providers in...

DICGC asks banks to display its logo, QR code on their websites

by AIP Online Bureau | Jul 16, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

”With a view to enhance the awareness about deposit insurance in a focused and sustained manner and in consultation with the RBI, it has been decided that all banks registered with DICGC shall henceforth display the logo of DICGC and QR code linked to the DICGC...

Investors prefer small-cap mutual funds over large-cap; invest Rs 11,000 cr in June quarter

by AIP Online Bureau | Jul 16, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The small-cap category in the mutual fund space has given impressive returns with a compound annual growth rate (CAGR) of 30-37 per cent for one year, 40-44 per cent for three years, and 18-21 per cent for five years Mumbai: Mutual funds focused on small-caps have...

Credit card spending hits record high at Rs 1.4 lakh crore in May; cards in use at 87.4 million

by AIP Online Bureau | Jul 16, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography, Risk Management

Indicating the rising stress level among individuals, a Transunion Cibil report last week said delinquencies in the credit card portfolio of banks have been rising and have jumped by 66 basis points to 2.94 per cent in March 2023. Credit card spending has hit a record...
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