Brokerages plan to revise cost structure for mutual fund distribution
The mutual funds (MF) distributors are now planning to revise their transaction cost structure to attract investors as the cost for buying units in a mutual fund has been abolished from Saturday. The distributers believe that it will increase sales, reports PTI.

The distributors are waiting to see whether asset management companies (AMCs) doles out distribution commission for...

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  • Bank employees to strike work from Thursday
    Banking operations in India are likely to be affected for two days from Thursday, as employees of state-run banks or public sector banks (PSB) have threatened to go on a nationwide strike to press for wage hike and other demands, reports PTI.

    Tuesday's efforts to avert the strike turned futile as Indian Banks' Association (IBA) failed to concede to the bank union’s demand for a wage...

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  • Protect Big, Kill Small
    SEBI’s much-publicised KYC (know your customer) norms are nothing but a farce sheltering the big fish (read FIIs) and killing small investors for whose protection the market regulatory body was set up.

    One fine Saturday morning, I received a call from my banker friend who stays in the neighbourhood. Apparently, two people from Bengaluru had visited his home. The duo asked a volley...

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