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

Business Standard

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

Education is costly and big amounts of money are required often. start planning from your child&rsquo;s birth.

For a concerned parent

This sector is a promising pick in a growing economy, but look at working capital, technology and clients.

Engineering returns

Banks want a guarantor for educational loans of Rs 4 lakh and even a collateral for amounts exceeding Rs 7.5 lakh.

To fulfil your child's dream

Country&rsquo;s largest lender State Bank of India (SBI) today said the proposed base rate for the bank seemed to be around 8 per cent.

SBI base rate seen around 8%, says Bhatt

There are a number of instruments that qualify for tax deduction under Section 80C. Choose according to your age.

Don't invest in haste

With interest rates beginning to inch upwards, companies are entering the deposit market to raise funds aggressively. The interest rates on offer are quite impressive as well.

Factor in the risk element

Please advise me about sectors that are most likely to be affected by phasing out of stimulus measures, if at all, by the finance minister in the Union Budget.

Investment:  Paras Adenwala

Credit card issuers are no longer in the midst of a recession and are wooing new customers with eye-popping offers: Save up to 25 per cent on room tariffs at 71 hotel chains across the country with a Citi card; enjoy a 15 per cent discount on SpiceJet online bookings with an HDFC Bank credit card; get a 10 per cent cash-back on your food and entertainment bills anywhere in the country with a Kotak Mahindra Bank card.

Credit card issuers back in business

Higher basic exemption, 80C limit likely.

Budget may bring some cheer to taxpayers

The common man&rsquo;s main grouse is high inflation numbers. But there are other anomalies as well that need to be addressed.

Dear Pranab Babu...

On the Budget day, when the Finance Minister reads through reams of paper, the common man is often left confused. Worse still, there are a whole lot of numbers and jargons like capital account expenditure and current account deficit that could baffle many.

Budget: Five points to watch out for

A term plan is a basic life insurance cover against death of the proposer or life assured. The main purpose of a term plan is to provide high insurance coverage at a low premium. This is ideal for those who want to provide a requisite financial cushion to their family / beneficiaries against the adversities in life due to a premature death of the life assured during the policy term. Hence, one should decide the term plan not based on the premium alone, but the amount that they would like to set aside for their beneficiaries. A thumb rule is a life cover of at least 7-10 times the annual premium. You should also look at existing liabilities and loans like home, car or personal loans so that the quantum of Sum Assured should be adequate enough. The tenure is also an important consideration which will decide the feasibility of paying regular premiums.

Insurance: Kamesh Goyal

Rise in income slabs, hike in 80C limit will help reduce impact of high inflation.

Taxpayers get ticket to spend

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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