Mumbai, Apr 4 (PTI) Crisil Research has launched 22 new debt indices and also announced a change in the name of six existing ones.
Of these, the composite Crisil Banking and PSU debt index is mapped to the ‘banking and PSU fund’ category, comprising the newly-launched medium-to-long term banking debt index, medium-to-long term PSU debt index and short-term PSU debt index, besides the existing Composite CD index, Crisil said in a statement today.
With these, the basket size of its indices has expanded to 83 covering debt and hybrid segments, the company added.
It also launched a standalone short-term banking debt index. While the medium-to-long-term indices in this category will track portfolios of bonds with residual maturity of over three years, the short-term indices will track portfolios of bonds with residual maturity of up to three years.
Ashok Leyland rolls out 2,00,000th Dost from Hosur * Truck and bus maker Ashok Leyland has rolled out the 2,00,000th LCV from its Hosur plant. While its first LCV ‘Dost’ was commercially launched in September 2011, the 1,00,000th milestone of Dost was achieved in March 2015 and the 2,00,00th milestone today.
Nitin Seth, president, LCV unit at Ashok Leyland, said, having 2,00,000 Ashok Leyland LCVs on road in about six years is a proof of trust that our customers have placed in us. FY18 was very significant for us as we achieved our highest LCV sales of 43,441, a growth of 37 per cent.
National Bank of Oman partners with Axis Bank * The National Bank of Oman has joined hands with Axis Bank to offer dedicated services to support the specific financial needs of Oman’s NRIs.
The partnership will offer NRI customers in Oman essential banking services such as opening accounts, remittances, online solutions, mobile banking, deposits and identifying opportunities for investments back home.
NRIs constitute the largest expatriate group in Oman and are also the largest remitter of funds, accounting for around 65 per cent of the outbound transactions.
Under this partnership, the two banks will provide this major customer group with unique products and services.
Reliance Wealth ropes in Nitin Rao as CEO from HDFC Bank * Reliance Wealth Management, a subsidiary of Reliance Capital, has appointed Nitin Rao as its new chief executive.
He joins from HDFC Bank.
Rao will report to Anmol Ambani, executive director at Reliance Capital, and will be responsible for driving a more broad-based strategy for growing the wealth management offering to high networth individuals.
Rao has spent 19 years at HDFC Bank as executive vice-resident for private banking group and third party products.
NISM and Moody’s Analytics new launch certificate * The Sebi-run National Institute of Securities Markets (NISM) and Moody’s Analytics have launched a new certificate, the NISM-Moody’s Analytics Certificate in Fixed Income Trading and Sales (CFITS).
The certificate is the second in a series of advanced qualifications designed to elevate proficiency standards in financial services industry.
The certificate covers international fixed-income concepts, practices, and applications while providing an Indian context. The two-level qualification provides individuals with the relevant skills to participate in fixed- income markets as an investor, analyst, issuer, trader, or salesperson.
The launch of the CFITS follows the launch of the derivatives market strategies certification in 2017.
This is published unedited from the PTI feed.