Banks may use an Alternative reference rate in place of LIBOR for export/import transactions: RBI
RBI today notified AD category banks to use any other widely accepted/Alternative reference rate in the currency concerned for such transactions. “This is in view of the impending cessation of LIBOR as a benchmark rate, it has been decided to permit AD banks to use any other widely accepted/Alternative reference rate in the currency concerned,”…
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What exactly is a gold ETF and why do investors prefer it?
We may historically observe that there is an inverse relationship between the performance of the stock market and gold prices, especially during recessions and economic crises. When the stock market is crashing, the gold prices move upwards and vice versa. Gold hit an all-time high when the world was hit by Covid-19 and now trades…
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New Premium chart for Group Medical Insurance Policy 2021-22 for Bank Retirees
National Insurance Company has sent their revised rates for Flexible Option coverage of Sum Insured. There is also an option to choose Self + Spouse or Self alone (in the case of single-person coverage). However, if the retired employee and his/her spouse both are alive then in such case family floater premium has to be…
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The difference between ETF and Index Funds explained
The basic idea in both the cases of ETF and Index Funds is to mirror the index and give returns that are closely aligned to the index returns. Let us now study how are they different? The ETF funds are more or less comparable to mutual funds in terms of their structure, regulation, and management.…
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The difference between Gold ETF and Sovereign Gold Bonds (SGBs) explained
Both Gold ETF and Sovereign Gold Bonds (SGB) serve as alternate options to traditional investment in physical gold. Creation: Gold ETF units are created and backed by mutual funds. The physical gold acquired by the Fund is stored in vaults of custodian banks and works as the underlying from which the units derive value. The…
AIBPARC appeals to CMD of National Insurance over the excessive hike of premium for Bank retirees’ medical insurance
Today, the All India Bank Pensioners’ and Retirees’ Confederation (AIBPARC) wrote a letter to the CMD of National Insurance company Limited over an excessive hike of premium for Bank retirees’ medical insurance. The letter invited the attention of the Chairman of the insurance company that the NICL has been selected through the process of RFP…
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