PERSONAL FINANCE


Moneylife Digital Team 16 June 2012
Weather Based Crop Insurance Scheme offers insurance cover to the farmers against losses caused by aberrant weather conditions during the crop cycle HDFC ERGO GIC Ltd has been allowed by Government of Maharashtra to implement pilot Weather Based Crop Insurance Scheme (WBCIS) for loanee...

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SBI chairman said he expect the central bank to cut CRR by 1% to ease liquidity and lower interest rates New Delhi: Amid economic slowdown and contracting growth in the manufacturing sector, the country's largest lender State Bank of India (SBI) said it expects 1% cut in cash reserve...

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MDT/PTI 15 June 2012
Banks would factor in the availability of funds before deciding on reducing fixed deposit rates Mumbai: Mid-size public sector banks would wait till the mid-term policy review by the Reserve Bank of India (RBI) before taking a call on reducing interest rates on fixed deposits (FDs), top...

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MDT/PTI 14 June 2012
  The threshold limit in RTGS System transactions has been cut to Rs1 lakh from existing Rs 2 lakh until 9th June Mumbai: The Reserve Bank of India on Friday said it has cut down the threshold limit in Real Time Gross Settlement (RTGS) System transactions to Rs1 lakh from existing Rs...

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MDT/PTI 14 June 2012
  According to the NHB chairman home loan rates are likely to come down by 25-50 basis points in the current financial year, given the probability of reduction in policy rates Mumbai: Housing finance regulator National Housing Bank (NHB) has received nod from the Foreign Investment...

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MDT/PTI 14 June 2012
    Over past 10 years, the Bank's reconstruction scheme did not make much progress mainly due to non-fulfillment of commitments for contribution to revival fund by UCBs and poor track record of recovery including from Ketan Parekh New Delhi: The Reserve Bank of India has...

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MDT/PTI 14 June 2012
  RBI deputy governor Dr Chakrabarty said he do not know how much growth sacrifice is due to lack of productivity, lack of efficiency, and how much is it due to inflation Mumbai: Reserve Bank of India (RBI) deputy governor Dr KC Chakrabarty on Friday sought to stave off criticism...

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MDT/PTI 14 June 2012
The government extended benefits of Rashtriya Swasthya Bima Yojana scheme, which provides health insurance facilities to domestic workers   New Delhi: The Labour Ministry has extended benefits of a scheme to provide health insurance facilities to domestic workers, reports PTI.

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G Venkatesh 14 June 2012
Many of the buildings are uninsured despite it being mandatory norm to have fire insurance. What are the reasons? Despite mandatory norms for every building to have an insurance against fire, many buildings are uninsured. The 2011 tsunami in Japan is a grim reminder of the fact that...

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MDT/PTI 14 June 2012
Dr KC Chakraborty got an extension for three months, even as a proposal to extend his tenure by two years is pending before the Appointment Committee   New Delhi: The government has extended the tenure of Reserve Bank of India (RBI) deputy governor Dr KC Chakraborty by three months,...

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MDT/PTI 13 June 2012
RBI had given detailed instructions to these banks to deal with unclaimed deposits or inoperative accounts and had advised them to find the whereabouts of the customers or their legal heirs   Mumbai: The Reserve Bank of India on Wednesday asked cooperative and regional rural banks to...

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MDT/PTI 13 June 2012
The Finance Minister said RBI should proactively work and to see if all electronic banking transactions are possible without any charges being levied   New Delhi: Finance Minister Pranab Mukherjee asked RBI to work out a mechanism to ensure that banks charge no fee from customers for...

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MDT/PTI 13 June 2012
The Court said that offences under Section 138 of the NI Act are on high rise" and have massive effect on the economic condition of the victims   New Delhi: A man has been sentenced to six months in jail in a cheque bounce case with the court saying that such offences are on "rise"...

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MDT/PTI 13 June 2012
HUDCO currently doing institutional finance, had not given loans to retail customer in the last two years as the NPA in the segment had gone up   New Delhi: State-owned Housing and Urban Development Corp Ltd (HUDCO) plans to re-enter the retail housing loan segment after a gap of two...

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MDT/PTI 13 June 2012
The RBI action led to many depositors withdrawing their funds with about Rs100 crore being withdrawn since the administrator was appointed   Thane: Stepping in to support the CKP Cooperative Bank, Maharashtra Urban Co-op Banks Federation (MUCBF) has appealed to the bank's depositors...

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G Venkatesh 12 June 2012
You may be nastily surprised that your ATM has run out of money when you really need it On 12 June 2012, we went to Oriental Bank of Commerce at HAL III Stage, Bengaluru, at 8.15am to withdraw money from the ATM. The transaction was declined. We were surprised as this was a Tuesday and...

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MDT/PTI 11 June 2012
The Aviva Health Secure plan provides the policyholder with a lump sum amount on diagnoses of any critical illness covered by the policy New Delhi: Private sector life insurance company Aviva launched online health plan called 'Health Secure', reports PTI. The plan provides the...

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Moneylife Digital Team 11 June 2012
NRIs can visit any SBI branch in the Middle East to open accounts for repatriable and non-repatriable investments to commence investing in Indian stock market Mumbai: Brokerage firm Geojit BNP Paribas Financial Services signed an agreement with State Bank of India to offer portfolio...

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Moneylife Digital Team 11 June 2012
While IRDA rules mandate that the policy document is required to be sent to the policyholder within two months there was a delay of more five months, which prompted the consumer forum to penalise the insurer   A Delhi consumer forum has held Apollo Munich Insurance Company guilty of...

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Shalini Amarnani 08 June 2012
What happens to what you leave behind depends on how you leave them behind. Planning your legacy can be a complex affair. Shalini Amarnani tells you all that you need to know about Wills, nominations, trusts and the rest of succession planning Isn’t it the eternal complaint of all...

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