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Just who is an Ombudsman?

Many a times when you might have had issues with some service such as insurance, banking, et cetera, you might come across the term 'Ombudsman' while trying to ensure the redressal of your......

The futility of real estate predictions

In opaque, complicated markets like real estate, its best to stay away from generalisations, says Manish Shah.Among the trickiest predictions to make is which way the property market will go.......

No more pre-payment charges on home loans

Providing relief to home loan borrowers, the Reserve Bank on Tuesday asked banks not to levy any penalty on pre-payment of loans taken on floating rate."Though many banks have, in the recent past,......

Prepayment penalty on home loans to be scrapped

Borrowers wanting to prepay home loans can look forward to some relief as RBI on Tuesday indicated that it would scrap prepayment penalties charged by banks. "It is proposed to implement the......

Government, board mull buyer for Maytas

Many companies have shown interest in a strategic buy of Maytas Properties, one of the three in the erstwhile, scam-hit, Satyam group."We are talking to many people (for a strategic sale). Many......
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ACAUT alleges nexus between KVIC, bank

ACAUT has alleged that a local entrepreneur who was selected by the KVIC for availing the sanctioned loan of Rs.22 lakh from a bank under PMEGP was... ...

Central bank may even consider regulatory action against banks if mis-selling of products continues To monitor banks customer service and handling... ...
Reserve Bank of India to make incognito bank checks

MUMBAI: RBI officials will now visit bank branches incognito to find out if they are delivering on customer service and grievance redressal. The... ...
RBI to visit banks secretly, track customer dealings

The Reserve Bank of India (RBI) on Tuesday said that it will soon undertake incognito visits to bank branches to check culture towards customer... ...
RBI cautions banks on mis-selling third party products

Concerned over "mis-selling" of third party products like insurance by banks, the Reserve Bank has warned of regulatory action against them. The... ...

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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