RBI plans to retail gilts via Net
The Reserve Bank of India (RBI) is on the verge of finalising and releasing a report on online retailing of government securities, through stock exchanges.

SBI MF to offer switchover facility in Magnum '91 plan
SBI Mutual Fund's Magnum Monthly Income Scheme'91, which is due for redemption by the end of next month, will offer the existing investors a switchover option to other open-end schemes of SBIMF, according to top-level sources in the fund.

Kotak Finance net profit at Rs 61 cr
Kotak Mahindra Finance's (KMFL) net profit has shot up by five times to Rs 61.10 crore from 12.18 crore during 1999-2000.


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