Money

Status quo on repo rate a dampener for homebuyers: Experts

The Reserve Bank of India on Thursday left its benchmark lending rate unchanged at 6.25 per cent for the third time in a row. Many real estate experts are disappointed by the move and said that a deci

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7th Pay Commission Report recommendations a prominent risk to inflation: RBI

In case the increase in house rent allowance as recommended by the 7th CPC is awarded, it will push up the baseline trajectory by an estimated 100-150 basis points over a period of 12-18 months, with

RBI keeps repo rate unchanged: Should you invest in debt and equity funds?

The RBI has kept the repo rate unchanged at 6.25 percent for the third time in the new financial year and thereby it seems it expects banks to take initiatives to ease liquidity. The market was not ex

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BCSBI calls for awareness among customers about banking codes

Customers need to be aware about banking codes and their rights so as to get the best services, Banking Codes and Standards Board of India (BCSBI) CEO Anand Aras has said. In this context, the BCSBI,

FDs score big over equities, MFs for investment: Sebi Survey

The survey, conducted across urban and rural areas of the country, showed that life insurance was second most preferred investment vehicle, followed by precious metals, post office savings and real es

Cutting base rates by SBI, HDFC is smart move: Jefferies

Large lenders have smartly cut their base rates to slow down the borrowers from switching to marginal cost of fund based lending rate (MCLR) and in the process protect their margins, said investment b

Taxmen may reject fake rent receipts for HRA: Here’s how to avoid that situation

Submitting fake house rent receipts to claim HRA benefits and lower one's tax burden may soon be a thing of the past. For, being perturbed by the rising incidence of fake HRA claims as well as influen

Excess liquidity to be in focus as RBI meets for policy review tomorrow

All eyes will be on the Reserve Bank of India on Thursday as the Monetary Policy Committee (MPC) of the central bank is slated to announce its first bimonthly money policy for the financial year 2017-

Mutual Fund FMPs compete with bank fixed deposits, and, give better returns

Fixed Maturity Plans (FMP) are debt schemes held by mutual funds. These are close-ended funds which run for a fixed period of time. The tenure has a wide range which starts from a month and goes beyon

CBDT accomplishes direct taxes collection target for FY 2016-17

The total tax revenue target of the revised estimates for 2016-17 for both direct and indirect taxes was Rs 16.97 lakh crore, of which Rs 8.47 lakh crore was for direct tax and Rs 8.5 lakh crore from

Bank’s share in realty shrinks to 24% in 5 yrs

The total funding in the Indian real estate sector increased by 40 per cent from USD 3.8 billion in 2011 to USD 5.4 billion in 2016 but the bank share of credit had shrunked drastically from 57 per ce

ICRA assigns iAAA rating to Tata AIG General Insurance Company

TATA AIG General Insurance Company Limited, one of India’s leading private sector General Insurance Company has been conferred the ‘iAAA’ rating (pronounced as I triple A) for their Claims Payin

Reserve Bank may keep policy rates unchanged today

Industry experts and bankers believe that ever since the last policy meeting back in February, some pressures – especially those related to the global economy – have abated. However, uncertainties

Should you invest or pay off your debt first? Here’s all you need to know

'Should I invest or pay off the existing debt' is a kind of dilemma that is being faced by lots of investors these days. However, that is not an easy decision to make. Conservative prudence suggests t

SEBI notice to PACL investors against collection of claim form

The committee through public notices and press releases informed about the rumour and wrong reporting regarding filing of any claim with the Committee and also cautioned from dealing with properties w

New Financial Year 2017-18: Here are 8 financial tips for young employees to become rich this year

With the onset of the new financial year 2017-18, you should also get prepared for some changes in the income tax rules. The government has already taken several steps to promote digital payments and

Investors bet big on debt funds, pour in Rs1.77 L cr in FY17

Investments in fixed income funds gained traction in 2016-17, with the mutual fund industry seeing an inflow of nearly Rs 1.77 lakh in such instruments seen as safe havens. In comparison, investors ha

Policybazaar aims Rs 2,000-cr turnover this fiscal

Policybazaar.com, a platform that helps consumers compare and analyse insurance products, has set its eyes on Rs 2,000 crore turnover by the end of the current fiscal and is also gearing up to be IPO-

Developers come up with lucrative Navaratra offers, but should you take the bait?

If you were planning to buy your dream home for some time now but were looking for some good deal, then this may be the right time to make a move.

Will mutual funds continue to deliver more than markets? Here’s what you need to know

To achieve higher returns, a fund manager actively manages funds and tries to beat the benchmark index, whereas for an investor, a benchmark index gives an idea to evaluate his fund's performance.

Union Mutual Fund plans to double it AUM to Rs 9,000 crore in 3-years

Union Mutual Fund, a fund house which is sponsored by state-owned lender Union Bank of India, plans to more than double its overall AUM to Rs 9,000 crore in three years time. For achievement of the go

10 common myths about mutual fund investments that need to be busted

Mutual funds are one of the great instruments for wealth creation, and are highly popular with investors. However, there are plenty of misunderstandings around this instrument.

Sebi cautions investors against dealing in PACL properties

Markets regulator Sebi today cautioned public against buying and selling of any property of PACL Group or its promoters, and said that no one has been authorised to collect money or claims in this reg

NFO: Here’s all you need to know about UTI Fixed Term Income Fund Series – XXVI – IX (1113 days)

UTI Fixed Term Income Fund Series – XXVI – IX (1113 days) is a close-ended income scheme having moderate risk, that is neither high nor too low. Investors who can slightly take risk can invest in

ICICI Bank integrates net-banking service with DigiLocker

'DigiLocker', an initiative of the Ministry of Electronics & Information Technology (MeitY), is a repository platform for issuance, verification and storage of digital certificates and documents on c

Cheer to customers: SBI cuts base rate by 15 bps, with effect from April 1

Bringing cheer to customers who have raised loans prior to April 1, 2016, the largest public lender State Bank of India (SBI) cut its base rate by 15 basis points (bps) to 9.10 per cent with effect fr

India’s top student volunteers felicitated in the 7th Annual Pramerica spirit of community awards by DHFL Pramerica Life Insurance

The 7th annual Pramerica Spirit of Community Awards recognized 28 school students from across the country for their extraordinary efforts in the area of community service at a ceremony in New Delhi.

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