The long-awaited, tax-saving infrastructure bond issue is out. Industrial Finance Corporation of India (IFCI) is the first company to issue these, at 7.85 and 7.95 per cent.

Useful addition to portfolio, but no harm waiting

Business Standard

Sandeep Bakhshi is joining ICICI Prudential as Managing Director &amp; CEO at a time when the industry is going through fundamental changes. His main challenge: to create equilibrium between cost and profitability from new sales.

Treading a fine line

V Vaidyanathan, Managing Director &amp; CEO of ICICI Prudential Life Insurance, who is set to move to Future Capital as Vice-Chairman and co-promoter, faced a dilemma. The 42-year-old BIT and Harvard alumnus shared a great working relationship with ICICI Bank Managing Director &amp; CEO Chanda Kochhar, calling her &ldquo;a great business leader&rdquo;, and treats KV Kamath, the financial services giant&rsquo;s Chairman, as his mentor.

With an eye on the future

The interest rate on a commercial property loan is generally higher than that of a housing loan. Where home loans are available at eight-nine per cent, loans for commercial property cost 10-13 per cent.

Banking: Prashant Joshi

The yield on government bonds hardened for the fifth day in a row on tight liquidity and the prospects of the Reserve Bank of India raising policy rates to curb inflation.

Ten-year bond yield closes above 8%

Bankers love a good return on investment. And what better return from a distinguished career in banking than to be snapped up after retirement? That&rsquo;s exactly what M B N Rao, the former chairman of Bangalore-based Canara Bank, must be wondering after he was named chairman of Cholamandalam Investment and Finance Co Ltd.

M B N Rao: Still wearing his boots

The cost can be as high as personal loan, with processing fees and service taxes.

Turning credit card bills into monthly instalments

Central Depository Services Ltd (CDSL) rivals can&rsquo;t afford to take its new boss, N Rangachary, lightly. The former founding chairman of Insurance Regulatory and Development Authority (Irda), Rangachary's top priority at CDSL is to lead the depository's foray into businesses that have hitherto been the preserve of larger rival National Securities Depository Ltd (NSDL).

N Rangachary: Holding the key to CDSL's growth

I purchased a group accident policy from a general insurance company for my family on May 6. But after reviewing it, I realised it did not suit my requirements. I called up the customer helpline on May 9 and 10 to get the policy cancelled. They suggested that instead of cancelling it, I downgrade it to level-I solely for myself and exclude the other members. I would, thus, save Rs 99. I agreed to modify the policy, but it has not been changed as yet. I have also not received the premium refund.

Non-life insurance: Gaurav Garg

If the credit card limit is exceeded, it is your problem. And, that is true even if the card is stolen.

The wild, wild world of credit cards

Government securities fell, pushing the yield on 10-year benchmark bonds to the highest in a week, after the Reserve Bank of India (RBI) raised its key overnight rates for the third time since March to combat inflation.

Yields on 10-year bonds touch one-week high

It&rsquo;s a continuation of the steady growth story at IndusInd Bank. Results announced for the quarter ended June indicate that its sound performance has been extended. And, while on a sequential basis the bank&rsquo;s results may seem a small extension, the year-on-year numbers bring out the distinct improvement in operational measures.

IndusInd Bank: Marching steadily ahead

It is possible for a parent to be part of the bank deal and take on or reduce the cost.

Financing your child's study

Vinod Hansraj was always worried that his credit card could be misused. The staff at his detective agency frequently used his card to pay at the government&rsquo;s website to access company-related information.

New features address basic anxieties

Can I cancel a demand draft (DD) whose validity has expired? I was supposed to fill a form and submit the DD along with it. However, the last date for submission went by and the DD remained unused. What is the procedure to cancel it? Will I require any document? I have misplaced the payment receipt given with the DD.

However, a co-applicant with a steady income can be of help.

Tough task for elderly to get home loan

The bank has again managed to stick to the basics to keep profitability on track.

HDFC Bank: Banking on consistency

The rupee fell to a six-week low on worries over faltering global recovery and buying of US dollar by banks to meet demand from importers.

Rupee touches 6-week low on faltering global recovery

Old is gold. More so, if it is an old rupee note. Ask Mehraj Quraishi. Two years back, Quraishi, a trader in old coins and notes, purchased 30 one-rupee notes &mdash; the first ones printed by the government after Independence &mdash; bearing the signature of the then finance secretary of India, K R K Menon. He paid Rs 1,350 for each note.

A treasure trove in old currency notes

From small kiranas to banks to potentially entire FMCG chains &mdash; all have a digital date with money transfers on cellphones.

Mobile money: The next e-revolution for masses

Reading them can be quite confusing. Here&rsquo;s some help...

Decoding bank statements

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 408 - Finance News Analysis