Tag «Chief Investment Officer»

IndiaFirst Life Insurance crosses AUM of Rs. 10,000 crore

MUMBAI, October 6th, 2016: IndiaFirst Life Insurance, a joint venture between Bank of Baroda, Andhra Bank and Legal and General (UK), announced a new milestone of crossing Asset Under Management (AUM), of Rs.10,000 crore, today. As on 31st March 2016, the company recorded Asset under Management (AUM) of Rs. 9061 crores. Speaking on this, R …

Saravana Kumar, Chief Investment Officer, LIC Nomura Mutual Fund on RBI monetary policy

At the monetary policy review today (April 5, 2016), RBI cut the repo rate by 25bps. This was in line with our and market expectation. The RBI has tightened the reverse repo and MSF (Marginal Standing Facility) band by 50bps. This will reduce the volatility in money market rates and is a consequence of RBI’s …