Wealth managers prefer ETFs for investments
Wealth managers are optimistic about exchange traded funds (ETFs) and are suggesting to their clients to go for these due to the low-cost structure, low tracking error and easy to transact feature. ET simplifies the ETFs available to Indian investors and tells how to go about investing in them. Read the rest of this entry »
Forbes India unveils India’s richest; combined net worth at $276 billion
Forbes India recently unveiled its India Rich List in Bangalore with a panel discussion on the topic ‘Purpose of Wealth’. The panel comprised an interesting mix with spiritual guru Sri Sri Ravi Shankar and GV Krishna Reddy, Chairman of GVK Industries, sharing the dais and Subroto Bagchi, Co-founder of Mindtree Consulting as the moderator. Read the rest of this entry »
India’s billionaires outstrip US counterparts
India’s billionaires have seen their wealth swell more than their US counterparts in 2009 according to Forbes India rich list, in a further sign that the subcontinent is recovering faster than western economies. Read the rest of this entry »
Kotak emerges as a leading player in pvt banking space
Kotak Mahindra Bank has emerged as one of the leading players in the private banking space in India. Disclosing its assets under management for the first time in an interview to ET NOW, C Jayaram, executive director of Kotak Mahindra Bank, said: “We have emerged as one of the leading players in the industry with assets under management in the range of Rs 13,000 crore.” Read the rest of this entry »
ING Investment Management India appoints ‘Chief Investment Officer’ and ‘National Sales Head’
ING Investment Management (ING IM) India has today announced the appointment of Mr. Ramanathan K as the Chief Investment Officer for its Single Manager Investments and Gaurav Khurana as the National Sales Head with effect from 8th December 2009. Both appointees were identified from within the organization. Read the rest of this entry »
DCB Sets Up Wealth Management Advisory
India-based private sector lender Development Credit Bank (DCB) has introduced free Wealth Management advisory and no bank charges of service fee for Mutual Fund investments, as part of its wealth management foray. Read the rest of this entry »
Merrill Lynch may appoint an Indian to succeed Watts
Investment bank DSP Merrill Lynch is understood to have reached a decision on appointing an Indian banker with work experience in foreign markets as successor to Kevan Watts, head of its India operation, who will relinquish his post next year. Read the rest of this entry »
RBS set to close banking chapter in Asia
The Royal Bank of Scotland is in the final stages of exiting the retail and commercial banking business in the Asia region that it came to own following its consortium-led acquisition of ABN Amro Bank in 2007. A senior official at the bank said he is hopeful of closing on the sale very soon. Read the rest of this entry »
We are optimistic on Indian equities in medium to long term: Karvy Private Wealth
Each rupee of wealth earned is done through your hard work and it is your responsibility towards your family to plan your wealth in a diligent manner. Neither is it the `time` factor as one can always find time for important things in life if one tries to. Read the rest of this entry »
Donning a new role: More women in private banks
If there is any indication that women are breaking through the glass ceiling, this one is surely bankable. Women are walking away from jobs traditionally assigned to them and taking up ones that fetch them credit and solutions to the societal problem. The banking sector is one of those where women are not getting stuck in the rafters. Read the rest of this entry »
