Four public sector banks (PSB) on Wednesday reduced their benchmark prime lending rate by 50-75 basis points, a day after the bank chiefs met Finance minister P Chidambaram in New Delhi to review

Four PSU banks cut PLR by 50-75 basis points

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However, the norms have become extremely stringent. Tinesh Bhasin finds out more.

Good news: Banks are willing to lend

Short-term capital losses can be set off against gains.

Lose to gain

An equity and gold combination sounds good, but the investment strategy is not very clear.

A little sheen

I am 35 years old and have been an active investor since December 2006. I am married and have a nine-year-old daughter and a six-year-old son.

Shun Ulips and trim funds

What are entry and exit loads and on what amount are they charged? What would happen if I invest Rs 100 and exit at Rs 120, if the entry and exit loads are 2.5 and 2 per cent, respectively? Please

How are entry and exit loads charged in SIPs?

Canara Bank cut home loan rates by 75 basis points (bps) and interest rates on automobile loans by 100 bps, the bank said in a release today.

Canara Bank cuts home, auto loan rates

The mutual fund industry has witnessed a value erosion of Rs 75,966 crore in equity-related schemes in the first seven months of the current financial year.

Mutual funds see value erosion of Rs 76k crore in seven months

Credit cards come with insurance covers that help in circumstances like accidental death or loss of goods.

Card Cover

The nitty-gritty of repayment of educational loans.

Cost of education

SIPs can give better returns in a volatile market because they gather more units over time.

Slow, steady, successful

I wish to clarify the meaning of beta in stocks.

What does beta mean?

It has been reported that this year ice had melted more around the world than, in any other year. The year 2008 has been marked by meltdowns of all kind in the Indian capital markets too.

Biggest losers: Mid- and small-cap funds

Last month, the Reserve Bank of India (RBI) came up with guidelines for mobile banking.

Banking on mobiles

Many commercial banks on Monday raised the interest rate on NRI deposits by 75 basis points (bps) to attract foreign currency resources to the country.

Banks hike NRI deposit rates by 75 basis points

Spreads have widened by 250 to 300 bps now, from just 15 bps a year ago.

MFs shun commercial papers

The Securities and Exchange Board of India (Sebi) is considering a proposal to remove the short-term tax benefits on dividends paid by mutual funds.

No tax benefits for short-term MF investors, says Sebi panel

A look at traditional debt instruments....

Safe returns, but illiquid

It is the time to do some smart thinking. When money-making becomes more and more difficult, households have to find simpler way to make money and safely.

Smart money

Yes, it is a great feeling when you are all ready to get married. But there are several things that could go completely wrong.

Marriage cover

Somewhere in January 2008, Sebi has declared that individuals who invest directly at the asset management company's (AMC) office will not be charged entry load.

All about trail commissions

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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