India&rsquo;s largest private sector lender ICICI Bank is slowing down its credit card business and has cut its card base over the past year, Sachin Khandelwal, senior general manager for retail assets, said in Mumbai today.

ICICI Bank slowing cards business

Business Standard

Home loans are not all about low interest rates. The most important factor of a home loan is serviceability of the equated monthly instalment (EMI). Lenders too realise this. For the convenience of the customers, many banks have come up with products that can suit individuals needs.

Home loans: Convenience of payment as important as rates

The Insurance Regulatory and Development Authority (Irda) today issued guidelines on renewability of health insurance policies applicable to general insurance companies.

Insurers can't refuse health cover renewal, says Irda

This is the third of a four-part series on how to strike the best deals in auto and home loans, fixed deposits and insurance products with assured returns.

Happy with low yields? Go for assured return policies

The ongoing recession has encouraged Indian consumers to use debit cards more than credit cards. At least this is what becomes obvious if one goes by the findings of a study conducted by transaction processing and knowledge management company Venture Infotek.

Indians prefer debit cards over credit cards: Study

With the international reinsurance market hardening, general insurers are focusing on General Insurance Corporation (GIC) &ndash; the only designated national reinsurer. In fact, most non-life insurers have already gone in for a treaty arrangement with GIC as the lead reinsurer.

Business shifts to GIC as global reinsurers face trouble

This is the last of a four-part series on how to strike the best deals in auto and home loans, fixed deposits and insurance products with assured returns.

Go beyond FDs, banks have much more on offer

The Association of Mutual Funds in India (Amfi) is considering a common platform for mutual funds (MFs), which would enable investors, distributors and registrar and transfer agents (RTAs) to access and transact in products of all fund houses.

Amfi mulls common platform for MFs

For the first time in five years, the average assets under management (AAUM) of mutual funds have fallen. The AAUM of fund houses fell by 7 per cent or Rs 36,798 crore to Rs 4.93 lakh crore in the financial year 2008-09, as against Rs 5.30 lakh crore in 2007-08, according to data from the Association of Mutual Funds in India (Amfi).

MF assets dip for first time in 5 years

European Central Bank President Jean-Claude Trichet said policy makers are ready to lower their benchmark interest rate further, while the deposit rate has probably reached its floor.

ECB cuts key rate by 25bps, sees room for more reduction

Axis Bank, the country&rsquo;s third-largest private sector lender, and Bank of Rajasthan, an old-generation lender, today announced reductions in lending rates.

Private banks start lowering lending rates

The Pension Fund Regulatory and Development Authority (PFRDA) will issue investment guidelines, as recommended by the Deepak Parekh Committee, for its mega new pension scheme (NPS) by the middle of this month.

Investment norms for pension scheme by mid-April

Press Trust of India

With All asset classes under stress, you need to have a sound strategy to survive these tough times.

Crossing the Hurdles

With the travel season going to start soon, tour operators have started coming out with innovative promotional schemes. While all of them are offering discounted packages, Lifestyle Holidays, a Mumbai-based tour operator, has gone up a step further. The company is offering holidays in exchange of stocks.

Sell stocks, travel abroad...

When one retires, one wants to live a peaceful life. But it is surprising how simple things can complicate and confuse matters. For instance, the simple definition of a senior citizens is interpreted differently by different organisations. That is, an insurance company considers a person who is 55 as a senior citizen. However, the income tax department defines senior citizens as someone who is 65. Confused? Yes, it is truly ridiculous because these classifications have financial implications.

Confusion about the golden years

Audit firms want lenders to declare that proposals received before March 31 have been approved in principle.

Loan recast: Banks gear up for marathon talks with auditors

The government and financial sector regulators have decided to work out a policy for regulating financial intermediaries to reduce the scope of mis-selling of products and improve investor education.

Regulators, govt to tighten supervision of financial advisors

State-owned lender State Bank of India has given a return of 9.7 per cent on provident fund deposits, which is over half a percentage more than the best among the private sector asset managers during the quarter ended December 2008.
The other three private fund managers, including HSBC Asset Management Company (AMC), ICICI Prudential AMC and Reliance AMC, gave a yield of 8.5, 9 and 9.1 per cent, respectively, from September 17 to December 31 in 2008, a source in the Employees&rsquo; Provident

SBI's returns on PF betters private managers'

With the stock markets continuing to be volatile, brokers may have to shell out 20-25 per cent more in premiums for getting a cover against transactional risks.

Stock brokers may have to pay more for risk cover

Stung by rising non-performing assets (15 per cent in some cases), several banks have now started issuing cards linked to fixed deposits (FDs).

Want a credit card? Open a fixed deposit first

The Insurance Regulatory and Development Authority (Irda) is working on new guidelines for selling insurance products through banks, or bancassurance.

Irda mulling new norms for bancassurance

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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