IDBI Bank today increased deposit rates by 25 basis points (bps) and also introduced a new slab of 500 days offering 7 per cent rate.

IDBI Bank ups deposit rates, offers new slab

Business Standard

Almost all ticketing sites and airlines offer insurance with online bookings.

Insurance for as low as Rs 99 ensures safe travel

The Indian aviation sector, which was growing over 20 per cent a year, was pretty badly hit by the global economic crisis. In 2005-07, most of the operating airlines forayed in to the sector: Vijay Mallya&rsquo;s Kingfisher Airlines, Kansagra family&rsquo;s SpiceJet, Interglobe Enterprises-promoted IndiGo Airlines and Wadia Group&rsquo;s GoAir.

Grounded, for now

In the past one year, banks have actively beefed up their loan against property portfolio. Post October 2008 credit crunch, bankers looked for products that were secured and Loan against property (Lap) was an obvious choice.

Take a Lap to fund your financial needs

Some early work on your tax returns will save a lot of hassle and money next year.

Homework on time

Compare the post tax returns and tenure of debt instruments before investing.

Rate alert

For now, distributors pushing insurance products instead.

Inflows into Equity saving schemes at five-year low

Though term plans with variable sum assured are good, their limited tenure is a drawback.

Insure for life

Stock markets in India have been volatile with a downward bias since the beginning of this calendar year. In such market conditions, investors are often confused whether to put fresh money in equity funds or wait for further correction. The confusion is further accentuated when one realises that there would be fund management cost of 2-2.25 per cent, depending on the size of the scheme.

Tracking the benchmark's performance

No, you cannot take a loan from two entities for the same property, unless one of the lending entities is willing to accept a second charge on the property. You can, however, borrow money from your relative without his/her claim/ charge on the property. The deduction can be claimed only on the amount financed by the bank/ housing finance company.

Loan: Manju Srivatsa

Want fixed deposits of three years to be brought under Section 80C.

Banks seek parity with MFs

Reasons: Low housing demand, book-now-pay-later housing schemes.

Few takers for teaser rate loans

Although non-performing asset (NPA) levels in asset-backed loans seem to be stabilising, NPAs in personal loans are likely to increase to 5-8 per cent, according to ratings agency Fitch.

Personal loan NPAs to be 5-8% in 2010: Fitch

IndusInd Bank is contemplating an entry into credit cards and personal loans in the next financial year, according to a senior executive.

IndusInd Bank may enter credit cards, personal loans

To offer 5 per cent discount to retail investors.

United Bank plans Rs 330-cr IPO, issue opens on February 23

Housing finance companies (HFCs), which rely heavily on banks for funds, have said that loans taken by them should be exempted from the proposed base rate system.

Housing Finance firms want relief from base rate

Yet, tens of thousands are making this costly mistake.

Stopping your SIP now is bad strategy

Creating a retirement corpus is always confusing as there are a lot of instruments through which one can create it. And then, there are a plethora of pension scheme advertisements that lure investors with their emotive themes. Some show grandchildren&rsquo;s needs being addressed by the retired, while others harp on the theme of a great post-retirement life. The constant reminder is investing in these schemes would allow benefits under Section 80C of Income Tax Act.

Costly option to create corpus

I have taken a personal loan from a bank with my father as a guarantor. I have been paying the equated monthly installment (EMI) regularly since the last one year. Due to some financial problems, I am not able to pay EMI for the next two months. I tried to negotiate with the bank to extend my loan period by two months, which they have declined. My loan is insured.

DEBT: Sanjay Agarwal

State Bank of India (SBI) Chairman O P Bhatt today said lending rates are unlikely to rise in the next 3-4 months as hiking rates in a low-demand scenario could hurt the margin of the bank.

SBI lending rate won't rise till May-June: O P Bhatt

Press Trust of India

On scrutiny, this unit-linked insurance plan has no special advantage over a fixed deposit.

Unsatisfactory numbers

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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