These Are the Hottest Bond ETFs This Year—and for Good Reason
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Time of India
5 days ago
- Time of India
Settling claims to get easier for heirs of deceased clients
MUMBAI: India's central bank is moving to simplify how banks release funds or valuables belonging to deceased customers. Reserve Bank of India will impose a single, standard procedure for settling such claims for both deposits and safe-deposit lockers. This will replace the patchwork of rules that currently varies from bank to bank. A draft circular will soon be released for public consultation. The reform builds on provisions in the Banking Regulation Act, 1949, which require a nomination facility to help survivors, nominees and legal heirs access funds or property quickly, without unnecessary bureaucratic hurdles. The RBI also announced a new auto-bidding feature for its Retail Direct platform, allowing investors to place automatic bids for both investment and re-investment in Treasury-bill auctions. The system is meant to help individuals plan investments more systematically. Retail Direct, launched in 2021, allows retail buyers to purchase government securities in both primary and secondary markets, and has steadily added features, which include a mobile app rolled out in May 2024, to make direct investment in sovereign debt more accessible. Banks in India follow varying procedures to release funds or valuables when an account or locker holder dies, depending on whether there is a nominee, a survivorship clause, or multiple legal heirs. Stay informed with the latest business news, updates on bank holidays and public holidays .
Yahoo
13-06-2025
- Yahoo
These Are the Hottest Bond ETFs This Year—and for Good Reason
Treasury-bill ETFs are rapidly gaining in popularity and challenging money-market funds and bank deposits as a place for retail investors to park cash.
Finextra
13-05-2025
- Finextra
Augmentum Fintech leads £4.5 million round in RetailBook
RetailBook, a platform that enables retail investors to participate in primary capital market transactions on the same terms as institutional investors, has secured a £4.5 million funding round led by Augmentum Fintech, 0 The company launched its first IPO to retail investors in 2015, and has strategic partnerships with Crowdcube, Hargreaves Lansdown, Jefferies, Deutsche Numis and Rothschild & Co. Over the last twelve months, RetailBook has provided retail investor access to the UK's two largest IPOs, Applied Nutrition and Raspberry Pi, and generated record Treasury-bill demand. In February, the firm significantly expanded its capability through the hire of the former PrimaryBid Capital Markets Team. Aaqib Mirza, Co-CEO of RetailBook says: "This fundraise allows us to execute our growth strategy and continue our journey of retail investor empowerment. Strategic expansion through the hire of a team with unique expertise and an unrivalled track-record has delivered exactly what we forecast, including widening our product set to include a new fixed income service that has already raised record amounts from retail investors." Augmentum joins existing investors Peel Hunt, Jefferies, Rothschild & Co, and Hargreaves Lansdown in supporting the next stage of RetailBook's growth, which will see the company focus on expanding its product across new asset classes, growing its platform capabilities, and forging new partnerships with retail brokerage platforms. Augmentum CEO Tim Levene, who will be joining the RetailBook board, comments: "We have had a relationship with the RetailBook team for some time, and their work to democratise investment access directly reflects Augmentum's core mantra. With recent market reforms focused on enhancing UK market liquidity and the government's emphasis on unlocking diverse capital pools, RetailBook is poised to play a crucial role."
