PERSONAL FINANCE


MDT/PTI 04 October 2012
According to the RBI governor, for loans up to Rs7.5 lakh where there is no third party guarantee or collateral security, the guarantee would be provided by the government. However, this scheme is not yet launched Puducherry: In a bid to remove problems faced by students in obtaining...

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MDT/PTI 03 October 2012
IndiaFirst Life's MagibBoard offers instant, practical business intelligence for real-time decisions for customers, agents support and cost control   Mumbai: Private insurer IndiaFirst Life Insurance on Wednesday launched 'MagicBoard', an integrated portable device - which it claims...

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MDT/PTI 03 October 2012
State Bank of Mysore has reduced its base rate for lending by 25 bps to 10.25% from 10.5% from Wednesday New Delhi: State Bank of Mysore (SBM), a subsidiary of State Bank of India has decided to reduce lending rate by 0.25% effective from Wednesday, reports PTI.   The base rate...

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MDT/PTI 01 October 2012
As per the revised rates announced by Union Bank, the deposit rates have been revised downwards by 4-12 basis points on 1-5 year maturity in dollar-denominated accounts Mumbai: Public sector lenders, Union Bank of India (UBI) and Oriental Bank of Commerce (OBC) have revised their deposit...

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MDT/PTI 27 September 2012
Central Bank launched three debit cards, two credit cards and a student prepaid card for disbursement of scholarship Mumbai: Central Bank of India has launched a slew of cards in both debit and credit categories on the MasterCard platform apart from other innovative banking solutions,...

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MDT/PTI 26 September 2012
United India Insurance launched 'M-Power'-- an application that can be used by its customers to pay their premiums using a mobile phone   Chennai: Public sector insurer United India Insurance has become the first in the country to offer customers a facility to pay their premium...

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MDT/PTI 26 September 2012
Subbarao said he hopes to evoke a positive response from banks and the lending rates will go down since there is credit flow for productive sector   Chhaproh (Himachal Pradesh): Reserve Bank of India (RBI) Governor D Subbarao expressed hope that banks would lower their lending rate in...

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MDT/PTI 25 September 2012
Given that SBI has already reduced the base rate, another round of rate cut may be difficult but the bank may go for reducing rates and thereby cutting spreads in select loan categories Mumbai: State Bank of India (SBI) has said though there is little room for further reduction in the...

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MDT/PTI 25 September 2012
Insurance lines, which are making some kind of losses, will see some hike in premium rates says a top official from United India Insurance Mumbai: Premiums in various segments like fire, group health insurance plan and third-party motor insurance are likely to go up in the wake of losses...

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MDT/PTI 25 September 2012
Edelweiss Tokio Life Insurance claimed its new products, Wealth Accumulation (Privilege) and Wealth Enhancement Ace are designed to ensure that a customer enjoys benefits of wealth creation bundled with insurance cover Mumbai: Private insurer Edelweiss Tokio Life Insurance has launched...

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MDT/PTI 21 September 2012
Tata AIA Life's Suraksha Kosh is a unit-linked plan where death benefit is enhanced by a combination of sum assured plus the total fund value   Mumbai: Tata AIA Life Insurance has launched 'Suraksha Kosh', a non participating market-linked endowment plan covering risks of premature...

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MDT/PTI 21 September 2012
HDFC Bank account-holders will be able to do remote transactions like money transfer to other account-holders, mobile payments and ticketing on the Movida platform promoted by Visa   Mumbai: Visa-promoted Movida mobile payments platform will be going live next month with the second...

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Road accident victims may lose their lives or end up disabled. While physical abilities are irreplaceable, financial compensation would alleviate the victims’ problems.  Raj Pradhan reveals the many details of how such financial compensation can be obtained and also the best-kept secret of...

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Moneylife Digital Team 20 September 2012
New products, regulations, features and options, interpreted from your perspective Money-Back Plan: Aviva family income builder Easy to understand but not quite useful Aviva India Family Income Builder is an easy-to-understand money-back plan, but with limited return-earning...

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MDT/PTI 20 September 2012
The limit of subsidy for an individual borrower would be Rs14,912 for a loan of Rs15 lakh, and Rs9,925 for a loan of Rs10 lakh and the scheme would remain in force till 31st March for loans up to Rs15 lakh only   Mumbai: Reserve Bank of India (RBI) has asked banks to provide 1%...

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MDT/PTI 20 September 2012
SBI, the largest lender in the country is also the first to cut base rate after RBI's policy announcement and this move would be followed by other banks as well   Mumbai: Acting on Reserve Bank of India (RBI)'s cue, country's largest lender State Bank of India (SBI) announced a...

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MDT/PTI 17 September 2012
Soon after the Reserve Bank cut CRR rates by 25 bps to 4.5% in it’s the monetary policy, several bankers hinted that they may reduce lending rates in the coming days Borrowers could see better days ahead as banks are expected to cut lending rates following the Reserve Bank of India...

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MDT/PTI 17 September 2012
OBC launched RuPay ATM card and RuPay Kisan card that would help the bank reduce transaction costs   New Delhi: State-run Oriental Bank of Commerce (OBC) has launched debit cards on the indigenously designed payment gateway RuPay, reports PTI.   The move is expected to help...

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MDT/PTI 13 September 2012
The total spends made on all credit cards issued in the country as on 31 March 2012 was Rs96,000 crore and it is likely to go up to Rs1.2 lakh crore as on 31 March next year Hyderabad: SBI Cards, a joint venture between State Bank of India (SBI) and GE Capital, is targeting to add one...

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MDT/PTI 13 September 2012
Under the partnership SBI will provide post-harvest credit facilities, while StarAgri will offer warehousing and other value-added services to farmers across India Mumbai: State Bank of India (SBI) and Star Agri-warehousing & Collateral Management (StarAgri), an agri-services and...

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