Sanjay Kumar Singh tells you what to watch out for when buying insurance and investing in MFs online.
'You can't take money from Shaktikanta Das (the RBI governor) and give it to Nirmala Sitharaman (the Union finance minister). She will blow it away on Modi.'
Mallya said the allegations of money laundering and stealing money against him are 'completely false'.
Banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
The 50-share NSE Nifty ended up 37.05 points, or 0.36 per cent, at 10,397.45 points
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 per cent, while other banks including market leader SBI have indicated that they would follow suit.
The broader Nifty, after touching a high (intra-day) of 10,555.50 points, finished at 10,539.75, up 84.80 points, or 0.81 per cent.
Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned lender, explains how it has achieved this reputation.
The focus is on tapping all resources, even foreign agencies.
'But the world would be much poorer without economics' contribution to understanding how societies function and without economists' suggestions as to how politicians might improve them. 'And economists themselves could do wonders by simply incorporating the country-specific factors in their econometric models rather than just applying them in toto," say Soumya Kanti Ghosh and Samir K Jha.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
For the first time, PSU banks will have a non-executive chairman, giving operational responsibility to managing director and chief executive officer.
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
India Inc has few leaders who are likely to grab headlines in 2015.
If India grows at 8 per cent, the Indian banks will grow much faster.
A Cabinet note of the much-awaited legislation is ready and is likely to be put before the state Cabinet in the next 15 days.
India's $121 billion troubled debt pile, over $100 billion of which is on the books of state-owned banks, has come under close scrutiny from prosecutors, the media and politicians
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.
'If the new rate is lower than your current rate, ask your bank to shift you to it.' 'This can be done by paying a fee of Rs 5,000 to Rs 6,000.'
Markets snapped their 8-day winning streak.
Ganguly is one of the 11 members of the world cricket committee, chaired by Mike Brearley of MCC, which announced the new Laws of Cricket, to be incorporated in the ICC Playing Conditions.
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
Morgan Stanley expects RBI to cut rates sharply rather than "dribble down".
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Banking as we know it will stand on its head in the next 10 years.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
There is no clearly defined right or wrong answer since both target different needs of a portfolio.
The Central Bureau of Investigation has arrested an Reserve Bank of India official and a JDS leader K C Veerendra, who is also a casino owner, in connection with separate cases relating to alleged illegal conversion of currency post-demonetisation.
Your nearest grocery shop might soon become a one-stop shop for depositing and withdrawing money.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Markets ended their lowest close in 2015 on fears of FII outflows as the US Fed may hike rates.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
NBFCs are allowed to include registration, stamp duty
Jaitley's Budget has the potential to change the face of Modi's Bharat
Dream rally: Investors' wealth doubled in 5 years in India's equity market on Friday.
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