OBTUSE ANGLE: By B. P. Acharya
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Equity Mutual Funds: Cashed Out

Money keeps flowing out of equity mutual funds

Equity mutual funds have been bleeding over the past six months; they could not buck the trend in April. Equity schemes witnessed redemptions of Rs1,133 crore in April 2010. In March, Rs2,016 crore had moved out of equity funds. In April 2009, redemptions totalled Rs196 crore.

Total outflows since August 2009 have aggregated Rs7,970 crore....

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Retail Banking: Yelp Desk

RBI report shows that foreign banks generate the most customer complaints

While people continue to criticise the services offered by public sector banks, it is foreign and private players who seem to be attracting the most complaints.
According to the Annual Report of Banking Ombudsman Scheme (2008-2009), published by the Reserve Bank of India, the number of complaints received per 1,000...

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