Rapid growth in personal gold loans has raised concerns over borrower leverage, large-ticket exposure and volatility in gold prices, points out Swaminathan J, Deputy Governor, Reserve Bank of India.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
'We operate in an economy that is structurally positioned for long-term growth. As market levels rise over time, our AUM grows in line.'
'A possible post-election growth momentum may be lost.'
13-year-old Raghav Ganesh has been named one of America's top 10 youth volunteers of 2015 and granted a USD 5,000 award.
'If through growth and serving the customer we become number one, we will be very happy and very proud.'
If you think that revenue officials are going berserk, acting on their own, while the government chants the mantra of 'ease of doing business', you would be wrong. These moves appear to have full official backing, points out Debashis Basu.
Biometric cards contain the details of policyholders such as name, age, address and finger prints. Besides helping the customers to pay their renewal premiums, the card will facilitate claim processing. It authorises transactions based on the customer's fingerprints.
Sandeep Baweja, an attorney with the Baweja Law Group, with offices in Los Angeles, San Diego, and Orange County, has been elected to the Board of Trustees of the Irvine Public Schools Foundation.
Capital adequacy and tighter regulation are just one step forward.
HDFC Life, which posted a consolidated net profit of Rs 281.83 crore (Rs 2.81 billion) for the quarter ended June compared with Rs 11.92 crore (Rs 119.2 million) in corresponding period last year (according to HDFC's first quarter results), has diversified its distribution mix.
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
Taking on board India's concerns, the G-20 Summit on Friday acknowledged that excess volatility of financial flows and disorderly movements in exchange rates can affect economic and financial stability of emerging markets and called for sound policies to address it.
If "innovation" were a person, he or she would have looked like David Bowie.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
Pope Francis on Friday called upon the world community to put aside their "partisan interests and sincerely strive to serve the common good".
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
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