Page 20 - Finance

Unaffordable and complex: Why Indians stay away from health insurance

The study, titled 'How India Buys Insurance', reveals that high premiums are preventing individuals from obtaining insurance cover, or in some cases, adequate insurance coverage. benefits

Private banks more aggressive in writing off bad loans than public banks

The ratio of write-offs to gross non-performing assets (GNPAs) in private banks was 47.9 per cent, much higher than 22.2 per cent in public banks

No ITC claim if vendors of suppliers of company don't pay GST: Punjab AAR

Experts disagree with ruling and say it could be reviewed at higher judicial forums

Federal Bank Q1 advances up 21%; deposits grow 21.4% to reach Rs 2.22 trn

Retail credit book grows by 20.2% YoY, says private bank in stock exchange statement

How HDFC merger impacts home loan borrowers, FD investors, account holders

The terms of your FD along with interest rates, interest computation methodology, tenure, maturity instructions and pay-outs will remain same until maturity/renewal of your FD.

ITR to higher pension: Important financial and tax deadlines in July 2023

The income tax return (ITR) filing deadline is approaching, which means taxpayers need to ensure timely submission

S&P upgrades rating for Bajaj Finance, UBI, Shriram Finance & Hero Fincorp

The rating upgrade reflects the view that they will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in operating conditions

Titanic sub tragedy: Only 2 insurance covers in India for adventure junkies

Bajaj Allianz is the only major insurer in India which provides an insurance policy specifically for adventure sports.

'RBI need not rush to ease rates unless certain of stable-low inflation'

Bhide's comments echo that of Governor Shaktikanta Das that a pivot can be considered when price-gains settle near the mid-point of its 2%-6% range on a durable basis

NSE, NITIE ink pact for academic, research collaboration in economics

Leading stock exchange NSE on Friday said it has joined hands with the business school National Institute of Industrial Engineering (NITIE) Mumbai for an academic and research collaboration in finance and economics. The move is aimed at creating an industry-ready talent pool by utilising mutual capabilities, the National Stock Exchange (NSE) said in a statement. The pact covers a wide range of activities, including capacity building through the design and development of courses in finance and economics, undertaking research in areas like fintech and organising seminars, conferences and symposia, among others. Also, NSE and NITIE will collectively work towards contributing to the literature on financial market research in the country and promoting general financial market awareness and policy advocacy.

Manipur violence: What are RBI's riot relief measures invoked by the state?

The rules under these measures specify several norms that must be followed for restructuring the loans, providing fresh loans and other measures, including KYC norms

Rupee globalisation to spur easier trade with other nations: Ex-RBI dy guv

"India's share of global trade, both exports and imports, is around 7%," said Thorat. "Similarly the share in financial flows is also around the same"

Short term debt funds are in demand: Where should you park your funds?

The return of debt funds appears to be a reset of institutional allocation, as well as locking in higher rate

When is money gifted not taxable? All your tax queries on gifts answered

In India, if an individual receives a gift, whether it's cash, immovable property, or any other item of value exceeding Rs. 50,000 from a non-relative, it generally falls under taxable income.

Unlikely that the RBI will precede the US Fed in pivoting to a rate cut

RBI Guv Das needs to keep financing conditions easier to aid growth, while also maintaining adequate rate differential to attract foreign portfolio flows

Profit from your paradise: Enjoy vacations, earn rent in tourist hotspots

Do the due diligence before you invest, as low occupancy level could mar returns

Senior citizen saving scheme vs bank FD: What is the right strategy for you

senior citizens with an investment horizon of 5 years, who are seeking regular income at quarterly intervals and/or wishing to save tax under Section 80C would find SCSS more attractive than bank FDs

Emirates flying premium economy to India on A380: What it means for flyers

The launch on these popular routes is timed to coincide with the upcoming Diwali season.

Decoded: Why India's millionaires are flocking to Dubai and Singapore

Prohibitive tax laws coupled with convoluted and complex rules on outbound remittances that are open to misinterpretation and abuse are among the problems that have triggered the migration

Goldman Sachs' biggest office beyond New York attests to India's rise

India has roughly 1,600 of the centers, more than 40% of the number worldwide, according to Nasscom