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Hike in agents' commission cannot be passed on to policy holders

Higher commissions should be paid from shareholder's money, not premia, says Irda chief

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Axis Bank launches self-service terminal for cash deposit & withdrawal

20 Nov 2014

Customers can transact even without debit card; If the bank has their PAN details, then there is no ceiling on amount of cash ...

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New KVP norms silent on many fronts

19 Nov 2014

Investments can be made in denominations of Rs 1,000, Rs 5,000, Rs 10,000 and Rs 50,000 in the new KVP

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Banks likely to revise pricing for savings deposit above Rs 1 lakh

19 Nov 2014

This is likely to change, as term deposit rates are now expected to head southwards

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Govt aims at raising savings; re-launches Kisan Vikas Patra

18 Nov 2014

With the objective to raise savings in the country, the government today re-launched Kisan Vikas Patra (KVP), an instrument which ...

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Equity mutual funds see over Rs 39,000 cr inflow in FY15

17 Nov 2014

Buoyant stock markets helped attract over Rs 39,000 crore in equity mutual fund schemes in the first seven months of current ...

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Andhra Bank's schemes for children, teenagers

15 Nov 2014

The scheme will create awareness among children about savings

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Debt mutual funds ask for bank guarantees, equity shares as collateral

14 Nov 2014

Investing more in lower-grade paper, asking for bank guarantee, equity shares as collateral

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MFs' exposure to bank stocks surges to Rs 63,000 cr in Oct

12 Nov 2014

Mutual fund managers raised their exposure in bank stocks to an all-time high of nearly Rs 63,000 crore in October this year amid ...

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American Express strengthens its mid-income credit card portfolio in India

12 Nov 2014

American Express aims to target frequent travellers with annual income of Rs 6 lakh or more with its new card

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HDFC Bank funds 100% for 2- wheelers, consumer durables

12 Nov 2014

The bank is now funding up to 100% of the loan to value (LTV) amount for two-wheelers (on-road prices)

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Investors put Rs 1.5 lakh cr in mutual fund schemes in Oct

11 Nov 2014

Investors have pumped in around Rs 1.55 lakh crore into various mutual fund schemes in October, making it the fourth consecutive ...

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No need for physical presence for pension continuity

11 Nov 2014

In a big relief to over 10 million retired employees of government and public sector undertakings (PSUs), a pensioner can now ...

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Union Bank to charge own customers beyond 8 ATM transactions

08 Nov 2014

It will be levying Rs 15 per, plus tax, from November 15

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Axis and HDFC Bank to charge their own customers beyond 5 ATM transactions

08 Nov 2014

At other bank ATMs, the customers of these banks will be charged beyond three transactions

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Patchy recovery in real estate

05 Nov 2014

The total demand has remained subdued mainly due to high interest rates and property prices

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Losing my money on your risk

04 Nov 2014

The call in the insurance sector for setting up a natural catastrophe pool to fund losses is getting louder.

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Govt banks re-evaluating ATM charges

04 Nov 2014

Private sector lenders on wait-and-watch mode

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UTI's Rs.300 crore 'phantom' staff welfare fund

03 Nov 2014

Employees and fund house have had no access to the money for over a decade

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