You may need to be extra careful while writing cheques in future. Bank regulator Reserve Bank of India (RBI) as well as banks are becoming more strict about individuals issuing cheques.

Banks propose closing accounts with insufficient balance

Business Standard

A few months ago, I opened a savings account with a public sector bank for my son. My purpose was that the money awarded to him for clearing a scholarship exam could be deposited in it. Recently, the bank debited Rs 160 from the account, saying it had been inoperative for six months. But according to the bank&rsquo;s website, there were no charges for an inoperative account for a year.

Banking: Prashant Joshi

Bad loans are M Narendra&rsquo;s biggest headache. But the new chairman &amp; managing director of Indian Overseas Bank (IOB) has a plan to whittle down the Rs 2,685 crore in non-performing assets. &ldquo;We are confident NPAs can be managed better by leveraging information technology and with an effective team,&quot; he says.

BS People: M Narendra

Rayabarapu Venu, 48, is an enterprising man. Around six months ago, the owner of Anjali Ladies Tailor and Fashion Design Institute in Mancherial, a bustling town in Andhra Pradesh&rsquo;s (AP) Adilabad district, bought three sewing machines and got into stitching curtains. &ldquo;Look at these,&rdquo; he says, proudly brandishing a pleated curtain, &ldquo;No one stitches curtains like these here.

Small money big trouble

The balance wanes due to penalties. Here&rsquo;s what you can do to avoid it.

When you forget your bank account

I approached my bank for traveller&rsquo;s cheques (TCs) as I am going abroad on a holiday. Instead, it advised that I should carry a prepaid card.

Banking: Manju Srivatsa

Advertisements in newspapers are promoting loans for the Tata Nano BS IV variant &mdash; on-road price of Rs 2.03 lakh (Nano CX, solid paint) and Rs 2.07 lakh (metallic paint) &mdash; with an equated monthly instalment (EMI) of Rs 1,892 for seven years.

Hunting for the best deal

With some lenders averse to discontinuing the controversial teaser rates offered on loans, Chief Economic Advisor Kaushik Basu today called for setting up a regulatory authority to monitor such schemes.

'Need for a regulator to monitor teaser rates'

Press Trust of India

State Bank of India Chairman O P Bhatt may have taught the elephant to dance, but he now finds himself under fire.

The poster boy loses some of his sheen

Partial or full prepayment makes sense, but only in some cases.

Don't let home loan tax you

Every author loves a book launch. The Reserve Bank of India&rsquo;s (RBI&rsquo;s) former governor Yaga Venugopal Reddy, who was known for his low-profile persona in office, is now happy to follow the fashion among Indian policy makers and pundits of selling books with a gala launch.

Breakfast with BS: Y V Reddy

Five-day call money rate ended at 9.00-9.25 per cent, compared with 7.20-7.25 per cent on Wednesday for one-day borrowings. On Thursday, the rate was for five-day loans, as banks would be shut on Friday due to the beginning of the new financial year and on Monday on the occasion of Gudi Padva festival.

Call rates touch 9.5% as banks hold on to funds

My bank offered me a pre-approved home loan. I plan to purchase a property next year, but I am waiting for some correction in real estate prices.

Investors today can decide on any investment horizon they like, and choose from flexible investment options that enable entry and exit at their convenience.

Capital Account: Uma Shashikant

The rupee saw gains on Tuesday, touching the highest level in almost five months, after overseas investors boosted holdings of the country&rsquo;s shares to benefit from the economic growth outlook for India.

Rupee rises to near-5-month high on stock inflows 

Management guides for credit growth of 1.3 times industry growth in medium term.

Axis Bank: On a fast track

The rupee strengthened to a five-month high, as overseas investors increased purchases of the nation&rsquo;s assets to benefit from economic growth.

Rupee rises to 5-month high on capital inflows 

The rupee weakened, snapping a five-day rally, on speculation the nation&rsquo;s oil refiners stepped up dollar purchases to pay for costlier crude imports.

Concerns of oil refiners' dollar buys  bring rupee down

The rupee depreciated the most in more than six weeks on speculation refiners stepped up dollar buying to pay for costlier crude imports.

Rupee depreciates the most in six weeks 

ELEVEN-year bonds gained for the first time in three days after yields at the highest level in two months attracted buyers.

Bonds gain after high yields lure investors 

Heard about mobile banking? &ldquo;Yes,&rdquo; pat comes the reply from Mumbai-based Supriya Pandit. She was issued a Mobile Money Identifier (MMID) by her bank, two months back. But the 30-year old graphic designer doesn&rsquo;t know how to use it.

How to go about mobile banking

Financial Analysis: Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

Finance News Analysis, Financial Analysis and Research | Business Standard

Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

Page 379 - Finance News Analysis