Banking - Bank Loans from ATMs Proposed

ATMs will soon be as good as bank branches. Customers will be able to apply for credit cards and avail loans using these self-service machines. The Reserve Bank of India (RBI) allowed banks to extend all their banking products and services through their ATMs. So far, banks have been using ATMs as leads for loans, insurance and credit cards; no such transaction was concluded at the machine. Banks can now extend a loan and dispense the cash at the same machine. 

User

IRDAI Increases Term Plan Commission
But will insurers hike the premium to compensate themselves?
 
Adraft report of the...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Mutual Funds : SEBI Likely To Lower Expense Charges for MFs

The Securities and Exchange Board of India (SEBI) may reduce the total expense ratio—the fees charged by an asset management company (AMC)—for managing investors’ funds, according to a news report. Under the existing norms, the maximum expense that an equity scheme can charge is 2.5% (2.25% for debt funds). The rate is applicable in slabs and an AMC is allowed to charge 2.5% for the first Rs100 crore of assets under management (AUMs). For the next Rs300 crore, 2.25% can be charged, while AMCs can charge only 1.75% for AUMs beyond that.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)