The Insurance Regulatory and Development Authority (Irda) is planning to &ldquo;insist&rdquo; on the setting up of an asset and liability committee (ALCO) similar to the one existing in the banking sector after two major insurers reported a combined exposure of Rs 2,300 crore in the beleaguered Satyam Computer Services.

Wants insurers to set up asset, liability panel

Business Standard

The Insurance Regulatory and Development Authority (Irda) is talking to&nbsp;various state governments in a bid to bring their social health insurance schemes under its supervision. State governments that have implemented the schemes for people living below the poverty line include Andhra Pradesh, Haryana and Tamil Nadu.

To bring state govt schemes under purview

Over the last couple of months, a lot of debt mutual funds have shifted their assets into short-term money market instruments. The reason: they want to be ready to meet redemption pressures in the last quarter of this financial year.

MFs shift assets to short-term  papers to meet redemptions

State Bank of India (SBI) would be charging around 11.75-12 per cent for financing the world&rsquo;s cheapest car, the Tata Nano. The loans would be available for a maximum period of seven years.

SBI gears up for Nano bookings

Insurance companies will have to set aside assets to cover the liabilities of acquired entities.

Irda may mandate ring-fencing in M&As

HDFC, the country&rsquo;s largest mortgage player, today announced a 50 basis point reduction in its retail prime lending rate to 14 per cent for current and new customers.

HDFC cuts PLR 50 basis points

Life insurers are pushing big-ticket insurance policies not just to meet the year-end rush, but also to take advantage of the last few days remaining before Insurance Regulatory &amp; Development Authority&rsquo;s (Irda) new guidelines on unit-linked insurance plans (Ulips) come into force.

Companies push high-value policies

ICICI Bank On Thursday said it will take a call on cutting interest rates in a few weeks. &ldquo;ICICI will look into interest rate reduction in a few weeks. Interest rates are coming down, (they) should come down to single digit,&rdquo; ICICI Bank Chief Executive Officer and Managing Director K V Kamath told reporters on the sidelines of a CII function.

ICICI Bank to decide on interest rate cuts in a few weeks

Press Trust of India

Mutual funds sold shorter-tenure papers in the secondary market as most of them faced redemptions from banks today, dealers said. &ldquo;Banks were redeeming money On Thursday as Friday is a holiday and only two days are left for the year-end,&rdquo; said a dealer. Rates also inched up 20 basis points due to redemption pressure.

MFs sell CDs of shorter tenure

Two weeks after the Reserve Bank of India (RBI) announced its last set of monetary measures, four public sector lenders &ndash; Oriental Bank of Commerce (OBC), Allahabad Bank, Uco Bank and United Bank of India (UBI) &ndash; said today that they would lower lending rates by 25-50 basis points from April 1.

While Allahabad Bank and UBI said that they would lower their benchmark prime lending rates (BPLRs) by 25 basis points, Uco Bank and OBC announced a reduction of 50 basis

4 banks cut PLR by 25-50 bps

Ensure maximum payout from the insurer when opting for a non-network hospital.

A no-frills claim

Investment planning needs to be done at the beginning of the year.

Start the year right

Just because you work for a blue chip company does not mean that you should invest most of your money in it.

Overexposure is harmful for your wealth

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

The best time is here to buy a car

The Insurance Regulatory and Development Authority (Irda) may allow life insurers to introduce &lsquo;Universal Life Policy&rsquo; (ULP), which is more like a passbook scheme, in India.

Insurance regulator likely to allow Universal Life Policy

Happy days are here again for home buyers as the bank freezes the rate for a year.

SBI goes for the kill, cuts home loan rate to 8%

Some fund houses have modified the terms of Their schemes.

Change reaction

Sections in the Income Tax Act that give good benefits.

Tax havens

When companies announce buybacks, savvy investors can take advantage of the arbitrage opportunities.

Quick, but risky

In such volatile times, isn't the dividend payout option better than growth? At least, the investor stands to earn something, thereby shielding one from accruing more losses. This way, at least one has some 'realised' gains rather than 'unrealised gains/loss'.

Dividend option in a falling market

As soon as January comes, a large number of investors suddenly realise that the end of the financial year is also approaching fast. This means, you have till March-end to complete your tax-planning exercise.

Stable returns over time

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 944 - Personal Finance