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Readings: Mutual funds variety, Brokers losses, Reverse Book Building

Posted on May 11, 2008

Hindu Business Line: Indian mutual funds shop globally to woo locallyBusiness Standard: Brokers carry forward lossesA good number of non-banking financial companies (NBFCs) belonging to big brokerages are keeping themselves from announcing a one-time hit by losses arising out of margin funding following the market meltdown in the early part of this calendar. Instead, the broking houses are carrying forward these huge losses as loans under recovery, and announcing only minuscule bad debts.Through this move, say experts, these broking firms can avoid making huge provisions for losses and, to a ...

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