South-based private sector lender Lakshmi Vilas Bank (LVB) has also reduced its BPLR by 25 basis points to 15 per cent.

PNB, Lakshmi Vilas Bank cut deposit, prime lending rates

Business Standard

Fund managers queued up to grab a pie of the new pension scheme that opens for subscription tomorrow. But even before the scheme is launched, they are complaining of it being a loss-making business with the investment management fee fixed at 0.009 per cent.

Loss-wary pension fund managers bet on fee hike

Central government employees who joined as a part of the contributory New Pension Scheme (NPS) have earned a weighted average return of 14.82 per cent during 2008-09, the first year when three fund managers managed a corpus of around Rs 2,000 crore.

Govt staff earn 14.82% on NPS

Estate Planning is the process of transferring all your assets (collectively referred to as estate) to your beneficiaries according to your wishes. This can also include the medical care.

Planning for the future

The industry has been hit by the economic slowdown as companies have deferred their expansion plans, thereby hitting the fire and engineering portfolio of the insurers.

General insurers see 9% rise in premium

The new guidelines for interest calculation on savings bank accounts will increase returns significantly for account holders.

Saving grace

Card protection through insurance is a good idea, but stringent guidelines make it quite unattractive.

Too simple, too little

I am a 39-year-old defence officer with two dependents (wife and an 8-year old daughter). I started investing and saving late in life. Kindly analyse my portfolio and suggest an ideal portfolio and the amount of investment that I should be making to achieve my goals (See table).

Keep asset allocation in mind before investing in PPF

I am 26 years old, working in a multinational company. I came to know about the New Pension Scheme (NPS) that will be launched for the unorganised sector. Can you tell me about the features of this scheme.

Low cost makes NPS attractive

That the property market has undergone a significant correction is well known. Real estate experts are now talking about prices bottoming out is well known too. But contrary to conventional wisdom, experts are of the view that this may not be the right time to invest in residential property. And, their advice is for both first and second-time home buyers.

Time not ripe for home buying

Having got the regulatory clearance to offer add-on insurance policies, non-life insurers are now preparing to launch the same in the coming weeks.

General insurance firms line up value-added products

Companies which entered the life insurance business after state-run Life Insurance Corporation lost its monopoly are yet to find a profitably firm footing.

Losses of life insurers widen further

Growth based on sanctions before Oct, say bank executives.

Banks step up lending to real estate

At a recent summit in India, MasterCard Worldwide found that a key issue plaguing the credit card industry was inactive cards. It summed up that one of the ways to get cardholders to use the card was to charge an annual fee.

Credit card cos look at premium clients for better portfolio

Will implement $80-billion plan to buy bonds.

European Central Bank cuts key interest rate to record 1%

To get back equity-wary investors, fund houses and their portfolio management services (PMS) have started schemes that will regularly book profits. In these funds, mutual funds and PMS will realise appreciation at specific target returns and transfer profits either to a safer investment avenue or give the money back to the customer.

Fund houses offering regular profit plans to entice investors

While distributing wealth, parents need to ensure that their children's expectations are taken into account.

Conflict management

Under the auto choice pension option, the composition of portfolio will change over time.

Lifecycle investing through NPS

You would have heard it a million times &ndash; invest in equities only for the long term. Financial advisors will always berate you for making short-term profits, thereby losing sight of the bigger picture.

Focus on returns

Bulk deal transactions involve transfer of more than 0.5 per cent of the number of equity shares of any listed company. The recent trend shows that insurance companies are increasing their exposure to select companies, especially banks, via bulk deals.

Insurers up exposure to companies via bulk deals

The Insurance Regulatory and Development Authority (Irda) has directed insurance behemoth Life Insurance Corporation (LIC) of India to chalk out a plan to reduce its stake in companies where it holds more than 10 per cent.

Draw up plan to cut holdings in cos to 10%, Irda tells LIC

Press Trust of India

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.

Page 938 - Personal Finance