Loan insurance is a concept catching up in India. Most people taking a loan are not aware about what they would do in case they are unable to make the monthly payments towards the loan.
Treasury gains helped ICICI Bank post a nearly 10 per cent increase in the consolidated net profit for the April-June quarter at Rs 11,696 crore on Saturday. Growth in the core income slowed for the country's second largest private sector lender, but the treasury operations helped it report a 14.62 per cent rise in its post-tax profit at Rs 11,059 crore on a standalone basis. The core net interest income (NII) growth came at a multi quarter low of 7.3 per cent to Rs 19,553 crore for the reporting quarter.
Feature for feature, bank FDs are indeed better than debt funds today, mainly thanks to Ms Sitharaman, notes Debashis Basu.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
This question remains unanswered most of the time due to lack of knowledge or guidance. No more!
The BJP may win more seats in the February 5 assembly election, but not enough to trump AAP, notes Ramesh Menon.
The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.
If you lack an emergency fund or it is depleted, use part of your bonus to build or replenish it.
Prime Minister Narendra Modi on Friday slammed the Aam Aadmi Party as an 'aapda' (disaster) for Delhi, saying this 'aapda' had taken the national capital in its grip in the past 10 years.
Companies in the banking, finance sector and insurance (BFSI) sector have underperformed on the bourses despite leading the earnings growth charts in the post-pandemic period. This has created a dichotomy between their earnings and share prices. BFSI companies have never been less expensive than the rest of the equity market.
Most people taking a loan are not aware about what they would do in case they are unable to make the monthly payments towards the loan.
To determine the amount of coverage one should purchase, first add up all of your financial obligations, such as student loan, credit card debts and your mortgage balance.
Allocation to bank deposits -- fixed deposits, savings account deposits, and current account deposits -- came down.
'Have a long way to go even as a small finance bank, both in terms of size, and in terms of fulfilling our aspirations for financial inclusion.'
HDFC Bank, the country's largest private-sector lender, lost to competition wholesale loans of around Rs 50,000 crore after it increased interest rates in May, said Chief Financial Officer Srinivasan Vaidyanathan in an analyst call. "There were some customers who were offered lower rates by other market participants. "But we decided not to cut back on our rates," he said while addressing analysts after the announcement of the bank's Q1 earnings.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
Your entire contribution can go down the drain if policies are not renewed on time
Chartered accountant and Sebi registered investment advisor, Harsh Vardhan Roongta, answers your home loan queries
Due to the prevailing uncertainty, the risk of loans going bad has certainly increased. This may result in lenders following risk-based pricing more diligently, notes Naveen Kukreja, CEO, Paisabazaar.com
Plans with loan clause denied approval; regulatory ban coming.
'A 25 year old buying a high-value policy now will be well covered even in his 40s.'
This will ensure that should a critical illness (such as stroke, organ failure, heart ailment, etc.) strike you affecting your earning capability than you at least dont have to bother about your home loan liability, says personal finance expert Harsh Roongta.
What many don't realise is that including their spouse and children in their tax planning can enable them to reduce their tax burden legally.
Don't sidestep the idea of investing in term insurance. Here's why.
These offer great scope and flexibility when you fall upon hard times, says Harjot Singh Narula
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Here's what borrowers must pay attention to before going for such medical loans.
As opposed to term insurance that keeps you covered for a specific time period, opting for a whole life term plan means that you are covered for your entire life, says Santosh Agarwal.
Kotak Mahindra Bank on Saturday reported a 25 per cent growth in its March quarter net profit at Rs 5,302 crore, limited by a drop in the core income due to narrow interest margins. On a standalone basis, the city-headquartered lender's Q4 net profit grew 18 per cent to Rs 4,133 crore. The FY24 consolidated net profit grew 22 per cent to Rs 18,213 crore.
Either you are buying insurance policy online or through an agent, getting a better understanding about it will always be beneficial for you, says Harjot Singh Narula
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual fund queries.
ICICI Lombard is utilising the latest technology and forensic methods to verify insurance claims.
It is important for you to have car insurance for the safety of others, as well as yourself.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
Child insurance plans can be broadly classified into two types: unit linked and traditional.
