Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
ICICI Bank's new offer is for those with savings in fixed deposits but no immediate liquidity
While some are relatively new in this business, Vodafone, which has 1.8 million touch points in the country, has been offering basic banking and payment services through its pre-paid mobile digital semi-closed wallet called M-Pesa since 2012.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.
'EV-charging is the next big opportunity after fuelling'
Besides the convenience that plastic money accords, it also helps the user to keep an easy track of their expenses.
State Bank of India does not levy any charge for non-maintenance of a minimum balance in basic savings account.
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
There will be higher charges for bank account-holders.
Linking all new floating rate loans to an external benchmark won't impact existing borrowers, so customers who have taken long-term home loans recently should watch things carefully, say Joydeep Ghosh and Sanjay Kumar Singh.
Banks will introduce hybrid home loans with stiff penalty on prepayment and shifting.
If you use customised cards that suit your lifestyle needs, you could also end up availing of a variety of deals, rewards, and discounts.
Before taking such loans, compare the interest rates charged by various players, advises Sanjay Kumar Singh.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Jaypee, Essar, GMR, GVK, Lanco, Abhijeet groups debt rise despite falling cash flow, says UBS
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Banking as we know it will stand on its head in the next 10 years.
The bench posted the matter for further hearing to February 21 and asked police not to take action against the ICICI officials until then.
Union Finance Minister P Chidambaram said in the Lok Sabha the Reserve Bank of India and the Securities and Exchange Board of India have taken up corrective measures in the IPO scam.
'I find the RBI edict to the Kotak Mahindra Bank to reduce Uday Kotak's shareholding very unreasonable,' says Sudhir Bisht.
The biggest private sector lender, are swarming the market with discounts and special offers
New borrowers should go for banks over housing finance companies as the new benchmark -- MCLR -- is more transparent.
Enforcement Directorate officials, on Thursday, questioned Kerala Cricket Association (KCA) president and BCCI vice-president T C Mathew on the foreign exchange transactions involving KCA and a London-based architect firm.
Poor governance, constant interference of promoters, opposition from unions and talks of being an acquisition target seen as main deterrents.
Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.
The meeting will be attended by all heads and EDs of public sector banks
The diamantaire's counsel said there is a vigilance manual circular that the consortium can lodge only one FIR. Each consortium member cannot lodge separate FIRs, he said.
With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak. As part of measures to alleviate hardships faced by people, the Reserve Bank of India, on March 27, announced a slew of steps, including a three-month moratorium on loan repayments.
HDFC charges 9.85 per cent for women and 9.9 per cent for others.
The two central premier investigative agencies - Central Bureau of Investigation and Enforcement Directorate - have asked their officials to focus more on digital evidence, e-forums and social media to crack down on offenders. These are a crucial part of prosecution amid the second wave of the pandemic. The Income Tax Department is going full throttle on data analytics to issue notices in time-bound cases. Further, sleuths have been given electronic devices including laptops with secure connections, which keep data encrypted and inaccessible.
Ratnagiri Gas & Power Pvt Ltd, in charge of Dabhol assets since 2005, has admitted it is passing through a difficult phase in the absence of gas allocation and low recovery of dues from the Maharashtra State Electricity Distribution Company.
'Today, three areas give banks a big headache -- steel, power, infrastructure.' 'Three Cs are very critical in lending -- character, capacity and collateral of the borrower.'
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
In addition to the problem of long queues at automated teller machines, there would be the problem of guiding new cardholders, especially in rural and semi-urban areas, on how to use those cards, some bankers told Business Standard.
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