With the increasing competition between insurance companies, the procedure for making claims has become very easy. Generally, you need to call up a toll free number of the insurance service provider and register your claim. You will be advised on the documents that would be needed to be submitted to process your claim. A Third… Read More »
The returns that the infrastructure bonds will give are not clear at present, as they have not been in the market for the past 5 years. However returns in the range of 6 to 8% can be expected. You can expect these bonds to be in the market during the tax saving season – December… Read More »
Most investors tend to think that an ETF is the same as an index fund. While an index fund also mirrors returns of a particular index, ETFs have an edge over index funds because of the benefits it provides.
India’s biggest lender, State Bank of India has said that there may be an increase in the interest rates in the next days. This may make car loans more expensive. The Chairman of SBI, Mr O.P. Bhatt said, “There continues to be surplus liquidity in the system and credit offtake has not picked up, in… Read More »
According to the reports of March, the number of credit card holders has fallen. The number has gone below the 20 million mark and is presently at 18.3 million. The report acknowledging this reduction has been released by the Reserve Bank of India. The previous fiscal saw a big portion of 6.04 million cards stopped… Read More »
With the arrival of base rate, banks are worried that it may erode their profits. Banks say that once the base rate is implemented, they would pay more to the depositors but won’t earn a parallel income. Also they fear that home loans would be affected as old customers were given loans based on PLR.
Shriram Group, the Chennai based financial institution is set to foray into the gold loan segment. The company would rely on its robust client base and branch network as core competencies. Currently, the consumer finance division of the Group, Shriram city union finance ( Scuf) operates in gold loan business.
India’s biggest lender, State Bank of India has posted a Rs. 674 crore increase in its non performing assets in the 4th quarter of the financial year just ended. This increase in NPAs can be credited to the corporate sector. But the NPAs of its agricultural loans along with the retail loan portion including personal… Read More »
Almost all the tax saving financial instruments today fall in the EEE tax regime. The taxman is truly the best friend for the investors in these tools. These investments do not tax us, the investors, at the time of investment, during the tenure of the investment and also at the time of the maturity.
CPP Card Protection is India’s first 24-hour Card Protection service for use in the event of card loss, theft and related fraud. One free call to CPP ensures your cards are cancelled immediately; they also provide emergency travel and hotel assistance. You can now protect all your important cards & valuable documents including all your… Read More »