Provident funds lend more to states in chase for better returnsThe hike in investment to state government bonds could also be on account of a flight to safety from private bonds.
Provident funds now turn to equitiesStandalone retirement funds now invest 5-10% of their corpus in equities, a move that should help money managers offset falling returns in ...
EPFO warns exempted provident funds, asks them to pay for wrong investment decisions"One needs to be extra cautious when dealing with retirement funds, as they are for long term investments and not trading," said Ajay Mangl...
Brokers hardsell bonds to provident fundsThere are a minimum of 500 exempted PFs in India. Under the exempted provident fund scheme, employers run their own trust of managing emplo...
Government borrowing cost set to rise on PF reformsRetirement funds with over Rs 5 lakh cr in assets, now free to invest up to 55% in state government securities that offer 0.75-0.8% higher ...
- PFS expects to mop up Rs 150 crore from infrastructure bonds this fiscal
PTC India Financial Services (PFS) expects to raise about Rs 150 crore through issue of infrastructure bonds this fiscal.
- PFS start infra bonds issue worth Rs 50 crore
The bonds issue for raising as much as Rs 50 crore, also has a green shoe option, the firm said in a regulatory filing.
- State units plan to raise Rs 6,000 crore via selling bonds to pension funds, PF at higher cost
State-owned corporations are desperate to sell bonds to PFs and other retirement benefit funds with the help of brokers and investment bank...
- PTC India Financial Services plans to raise Rs 150 cr through issue of infra bonds
PTC India Financial Services (PFS) plans to raise up to Rs 150 crore through issue of tax-saving bonds in the current fiscal.
- PTC Fin IPO in mid-March; to raise Rs 800 cr
PTC Financial Services' present equity capital is Rs 600 crore, of which 77 per cent is held by PTC India and 11.5 per cent each by Goldman...
- Cosy Deals: The other game that brokers play
Besides loan syndication deals, bond & debenture placements is the other game that many play, but very few outside the close community of b...
- PTC arm gets infrastructure finance company status
The IFC is a new category of NBFCs announced by RBI in February, 2010. These companies are allowed to have higher exposure for lending and ...
- PTC Financial Services raises Rs 100 cr via debentures
PTC India Financial Services Ltd, promoted by PTC India Ltd, said it has raised Rs 100 crore by issuance of non-convertible debentures.
- PFS eyes Rs 400 cr from maiden offer
PTC India Financial Services (PFS), the investment and financing arm of India’s largest power trading company PTC India, plans to raise mor...
- Hit not big enough to unsettle banks
While the hits may not be big enough to unsettle these banks, the nature of transactions is reminiscent of past securities scandals.
- Govt may relax PFs’ debt funding rules
The government is planning to give more leeway to PFs and insurance companies in their debt market investments.
- Govt to allow big PFs to invest in PSU oil bonds
The government will allow provident funds (PFs) with a corpus of over Rs 1,80,000 crore to buy oil bonds being issued to PSU oil companies ...