PERSONAL FINANCE


MDT/PTI 05 July 2012
SBI will not levy any charge for breaching minimum balance criteria for savings bank accounts   New Delhi: In order to attract new customers, State Bank of India (SBI) has done away with minimum balance criteria for saving bank accounts, reports PTI. The bank will not levy any...

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A leading Mumbai-based surgeon (who prefers to be anonymous) tells the inside story about mediclaim lacuna based on real life experience. Excerpts of the interview: Moneylife (ML): Can you share real life health insurance issues that you have come across? A. Many insurers now insist...

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MDT/PTI 05 July 2012
While seven relatively small private banks have introduced customer-friendly interest rate policies, the big banks have yet to respond to it, says the RBI governor   Chennai: The Reserve Bank of India (RBI) wants larger banks to come out with customer-friendly interest rate policies...

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Even after the introduction of the base rate system there is lack of transparency in the customer-specific spread charged to a borrower over the base rate Chennai: Concerned over the lack of transparency in bank lending rates, Reserve Bank of India (RBI) Governor D Subbarao said the...

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Paul Kiel (ProPublica) 05 July 2012
Last month, the government released information on the compensation victims of the banks' foreclosure practices might receive. For homeowners, it turns out that it's crucially important just how the bank messed up. Can you put a price on the damage caused by a wrongful foreclosure?...

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MDT/PTI 04 July 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 extended scheme will benefit all housing loans availed in the current financial year   New Delhi: The government on Wednesday extended the 1% interest...

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MDT/PTI 04 July 2012
The insurance company, a JV between Indian Kotak Mahindra Bank and South African Old Mutual, appointed Sunil Sharma as Appointed Actuary   Mumbai: Kotak Mahindra Old Mutual Life Insurance (Kotak Life Insurance) on Wednesday said it has appointed Sunil Sharma as Appointed Actuary with...

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According to the Banking Ombudsman for New Delhi, if the bill is pending then customer always runs a risk of paying much more if the judgement goes in favour of card provider New Delhi: Credit card users should pay their bills first and then lodge the complaint in case of a dispute with...

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MDT/PTI 03 July 2012
Future Sampoorna Suraksha policy covers hospital cash benefit, personal accident cover, building and furniture, robbery and burglary, farm produce, agricultural pump set, cart protection and liability and pedal cycle   Mumbai: Private general insurance player Future Generali India on...

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MDT/PTI 03 July 2012
The loan scheme aims to provide hassle free loans to the farmers without mortgage of land   Patiala: State Bank of Patiala (SBOP) said it has launched gold loan (Swarn Shakti) for farmers against the security of gold ornaments, reports PTI. The motive of the campaign is to enable...

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A leading Mumbai-based surgeon (who prefers to be anonymous) tells the inside story about the nexus between hospitals, insurers, pharma majors and Third Party Administrators (TPAs). Excerpts of the interview: Moneylife (ML): What are your views about health insurance in India? A....

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MDT/PTI 02 July 2012
The JV—India Mortgage Guarantee Corporation—will offer mortgage guarantees against borrower defaults on housing loans from mortgage lenders, which will help to expand access to housing in India   New Delhi: National Housing Bank (NHB) and three others have joined hands to form the...

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MDT/PTI 02 July 2012
The Kisan credit card is given to farmers for meeting comprehensive needs of their farm and household expenses   Bangalore: Canara Bank launched its new technology-enabled revised Kisan Credit Card Scheme (KCC Scheme) and distributed RuPay debit cards to farmers, reports PTI. The...

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MDT/PTI 02 July 2012
The credit cards Superia and Platinum have been designed to cater to the lifestyle, travel and other needs of doctors   Chandigarh: Private sector lender HDFC Bank rolled out credit cards for doctors to cater to medical fraternity's specific needs, as part of its plans to launch total...

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MDT/PTI 02 July 2012
CBDT said taxpayers with annual income of over Rs10 lakh will have to file their tax returns for FY12 online, however digital signature will not be mandatory for these people   New Delhi: People with annual income of over Rs10 lakh will have to file their tax returns for 2011-12...

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Today banks levy all kind of charges and penalties to bank depositors and account holders without any rhyme or reason. Are these charges justified? You withdraw your own deposit before the due date and you pay a penalty. You maintain a lower balance in your savings bank (SB) account and...

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The move will encourage the use of debit cards, especially at small merchants or service providers and location by way of lower merchant discount rate Mumbai: The Reserve Bank of India (RBI) on Thursday lowered the rate of commission that customers pay to merchants at the point of sale...

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The German bank has hiked its deposit rates for domestic and NRE depositors in the range of 1.10%-1.40 % for various tenors Deutsche Bank today hiked its deposit rates for domestic and NRE depositors in the range of 1.10%-1.40 % for various tenors, reports PTI. For domestic...

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CFTC said that Barclays had attempted to manipulate and made false reports concerning two global benchmark interest rates on numerous occasion and sometimes on a daily basis between 2005 and 2009 London: British baking major Barclays has agreed to pay 290 million pounds ($451 million)...

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An official spokesman said under the Rashtriya Swasthya Bima Yojana scheme, a smart card-based cashless health insurance cover of Rs30,000 per annum will be provided to a family of five Chandigarh: The Haryana government has decided in principle to bring domestic workers under the ambit...

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