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(MFS) today announced the availability of information on the results of the weekly auctions for the week ending November 28, 2008, that determine the dividend rate payable on the auction rate preferred shares issued by the closed-end funds identified below. The data is posted online at www.mfs.com and can be accessed by clicking on “News & Commentary,” then “News Room,” then “Closed-End Funds Press Releases.” The information pertains to the following MFS closed-end funds:
in E-commerce
via Globe Investor @ 16:50 1st Dec
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In an effort to soothe nerves of the country’s mutual funds (MFs) and the non-banking finance companies (NBFCs), the bankers today assured that they would come forward to support these financial institutions’ funding needs including liquidity to meet redemptions. With an access to additional Rs 40,000 crore of liquidity after the central bank’s slew of liquidity measures yesterday, the public sector banks today said that it is extremely comfortable for the banks to fund the MFs and NBFCs, and also to achieve a higher credit growth during the financial year.
in Banking
via Business Standard India @ 15:06 2nd Nov
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MUMBAI: Confidence is slowly returning to the money market, but bankers prefer to keep their fingers crossed. After a long time, banks have resumed investing in liquid schemes of mutual funds (MFs), though selectively. After the collapse of Lehman in September, a number of banks and corporates had pulled out money from MF schemes.
in Banking
via Economictimes @ 2:29 11th Nov
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in Banking
via Mobile Payments World @ 10:07 14th Nov
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After slashing investments in mutual funds in September amid liquidity crunch, banks have begun to increase their exposure to MFs by parking surplus funds in their schemes, according to Reserve Bank of India data.
in Banking
via Business Standard India @ 15:51 22nd Nov
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