Banks are in a hurry to increase their lending rates after the Reserve Bank of India (RBI) on Tuesday raised the repo rate, at which it lends to banks, by 50 basis points to eight per cent. Deposits rates are also set to go up but at a slower pace compared to lending rates, bankers said.

Rates for lending, deposit all set to increase

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Consider prepaying or shifting but do the homework, as it makes sense or not, depending on where you&rsquo;ve reached on the tenure.

Sould you shift in a rising rate regime?

Both are equally important. Health insurance covers unforeseen medical expenses in hospitals within the country.

Life insurance: Deepak Sood

The very objective of insurance is to refund loss. If the loss is not refunded quickly, it leads to a financial crisis. Taking advantage of this, the insurance companies force the insured into accepting whatever amount is offered. Even if the insured takes a legal recourse for the due amount of the claim, insurance companies refuse to budge. Such refusal, with the object of coercing, is an unfair practice, as held by the National Consumer Disputes Redressal Commission.

Witholding of sanctioned amount by insurance companies 

HDFC is expected to raise rates by 25-50 basis points, since it kept its lending rates unchanged since May.

Housing Fin firms gear up to raise lending rates

Helps in applying for a loan, travelling abroad.

File I-T returns in spite of relief

For an investment maturing after March next year, remember the coming tax code differs significantly from the current one.

DTC shocker for FMPs

Entry load has re-entered in a small way, but there are many other benefits for investors.

Faster, simpler route to investing, courtesy Sebi

Allahabad Bank has said it would raise its base rate and the benchmark prime lending rate (BPLR) by 50 basis points (bps) from August 1. The rate increase would increase the bank&rsquo;s base rate to 10.75 per cent and the BPLR to 15 per cent.

Allahabad Bank to raise base rate, BPLR

After Punjab National Bank (PNB) and Union Bank of India, Mangalore-based Corporation Bank today hiked its prime lending rate by 50 basis points. &ldquo;Corporation Bank has revised its benchmark prime lending rate (BPLR) from 12 per cent to 12.50 per cent, with effect from today,&rdquo; the bank said in a filing to the Bombay Stock Exchange.

Corporation Bank raises BPLR by 50 basis pts

Add the lustre of yellow metal to your portfolio. However, analysts advise you to space out the purchases with some care.

Gold investment tip: Buy on dips

Students going abroad for studies need to have an insurance cover. And the good news is that purchasing the cover in India, if the country or the university allows you to do so, is a cheaper option.

Buying a policy in India is cheaper

The life insurance industry is caught in a web of uncertainty. While the regulator, the Insurance Development and Regulatory Authority (Irda), has asked them to launch products adhering to the new guidelines by September 1, several questions have yet not been answered.

Insurers in a cleft over new norms

Gifting money for investing in some select instruments also allows you to enjoy a return.

Saving tax through parents, children

A few industries have not been very promising. Nitin Rakesh, CEO &amp; managing director, Motilal Oswal Asset Management Company, tells Neha Pandey &amp; Masoom Gupte, that investors should follow a stock-specific strategy.

Q&A: Nitin Rakesh, CMD, Motilal Oswal AMC

Conversion cost, service tax, transaction fee...credit cards have a long list of charges. A couple of strategies to reduce these.

How to play your cards right

One of my relatives had an accident. When he was hospitalised, I did not have enough cash to pay off the hospital bills. So, I used my credit card. Since he was still recovering, he was unable to pay back. In the meantime, my credit card bill came. The bill amount was quite high, and I was unable to pay the entire sum. I don&rsquo;t want this single event to affect my credit history.

Debt counselling: Sanjay Agarwal

The Insurance Regulatory and Development Authority (Irda) has been working hard on making unit-linked insurance plans (Ulips) attractive for policyholders. There have been many makeover attempts, the latest being effective from September 1. There are a slew of changes proposed and here's an overview of how it could impact policyholder.

Ulips may sound better, are they?

Well, the answer is &lsquo;Yes&rsquo; by the book, but difficult to implement in practice.

Dummy's guide to G-Secs

During the monsoon, construction activity slows down and very few projects are launched. Every year, between March and September, builders find themselves in a situation when buyers are few. Reason: Many people consider it inauspicious to buy during this period. This adds to the existing inventory. The builder, on his part, wants to get rid of this so that he/she can start a new project in the upcoming festival season.

Rain alert: Homes are cheaper

Bank loans to the &lsquo;sensitive sectors&rsquo; of real estate and capital markets rose in 2009-10 at the slowest pace in at least four years, as some lenders such as ICICI, Canara Bank, Union Bank of India, Bank of India and Jammu &amp; Kashmir Bank reduced lending to these.

ICICI cut lending to realty in 2009-10, but many didn't

Personal Finance: Read about the smart strategies for Personal Finance Planning, Investing, Insurance, banking, budgeting, loans Tax Planning, retirement and insurance. Browse Business Standard to learn more on Personal Finance.

Personal Finance: Investing, Planning, Retirement, Loans, & Insurance | Business Standard

Read about the smart strategies for Personal Finance Planning, Investing, Insurance, banking, budgeting, loans Tax Planning, retirement and insurance. Browse Business Standard to learn more on Personal Finance.

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