Over the past year or so, many banks have slashed interest rates on the fixed deposits (FDs) they offer, due to the successive repo rate cuts by the Reserve Bank …
Finance
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The Securities and Exchange Board of India (SEBI) has mandated upfront collection of margins in cash segment, like in the derivatives segment, and brought about changes in the way securities …
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The Covid-19 pandemic has triggered radical changes for all, especially for the employee workforce. The combination of the pandemic fallout and the advances made in technology has led to a …
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A Nio ES6 electric vehicle is on display at an automotive experience area of Wanda Plaza on Nov. 28, 2020 in Beijing, China. VCG | Visual China Group | Getty …
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Following the repo rate cuts by the RBI, banks have slashed deposit rates by up to 165 basis points (bps) since the start of the year. Even small finance banks, …
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Insurance regulator IRDAI has issued guidelines on wellness and preventive features offered in a health insurance policy. While many insurers already offer wellness benefits to policyholders, the guidelines not only …
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There is often a lot of ambiguity on when and how you become the owner of a property that you inherited or were gifted. Unlike ownership through a sale deed, …
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To offer some respite to life insurance policyholders, LIC recently launched a revival campaign to ensure benefits of the policy continue. The revival campaign encourages people to renew their policy …
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Taking cues from the systematic investment plans (SIPs) of mutual funds, Bajaj Finance launched a new FD product earlier this year — the Systematic Deposit Plan (SDP). We reviewed the …
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There are certain new tax collection at source (TCS) rules that came into force from October 1, 2020 under the Income Tax Act 1961. While many of these provisions relate …
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Alka and Shobhit Mehra, aged 43, live in Mumbai. Shobhit has risen to become the head of the risk solutions group at a consulting firm, while Alka is an acclaimed …
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This is in the context of the article titled ‘Hexaware Delisting: Next steps for shareholders who bid higher than delisting price’ that appeared on BusinessLine website on September 25. Can …
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In the recent past, insurance regulator IRDAI came out with standardised, customer-friendly guidelines for health insurance policies. These changes are implemented from October 1, 2020 and are largely expected to …
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Insurance regulator IRDAI has mandated that the waiting period for pre-existing diseases should not go beyond four years (48 months) in any health policy, effective October 1. But this is …
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Mr Ramesh is 70 years old. He is retired and has no financial dependents. He has been a very conservative investor and has never invested beyond bank fixed deposits, provident …
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When purchasing gold, we often exchange our seldom-used ornaments to reduce, at least to an extent, the total spend. If you have plans to exchange your old gold for new …
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The necessity of having a good plan to manage family money cannot be overstated. Having a holistic plan is necessary but not sufficient condition to preserve and grow wealth and …
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In a bid to make the process of purchasing health insurance simpler, the insurance regulator IRDAI introduced a standard health insurance product — Arogya Sanjeevani. Following this, the regulator also …
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Despite the havoc wrecked by the Covid-19 pandemic, 2020 has seen over 40 companies announcing share buybacks. Including the recently announced share repurchase plans of IT majors TCS and Wipro, …
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Are you planning to use the credit card EMI option to purchase big-ticket items this festival season? Here, we lay down some points that you need to know before availing …
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The project is part of the bank’s philosophy of a combination of assets and liabilities coming together with technology to ensure that it becomes a significant player in these markets. …
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How to go about managing one’s finances is a topic that is seldom dealt with in school. But if you are keen on teaching your kids about money matters , …
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The government is in hurry to give the corporate houses an edge over the existing players. Financing the auctioned coal blocks could be critical because bank finances would be available …
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Sundar, aged 39, under stress due to his employment, was desperate to quit. His wife, Nandini, aged 37, was not earning. . Sundar wanted to set aside an emergency fund …
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We are not getting too many requests. We are working with customers in our regular collection cycle. We do not have any restructured portfolio in our balance sheet. While collections …
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The perception that commercial banks will never be allowed to fail has led many depositors to invest their money in banks with the highest interest rates, paying little attention to …