Today is the World Environment Day, and there are many ways you could do your bit towards this cause. Here are tips to reduce your electricity consumption.
Cyber security sleuths have detected a "black" private information stealing virus in the Indian online banking transactions space and have alerted consumers who swipe debit or credit cards at shopping counters to make payments.
To understand the difference between the dirty price of the bond and clean price of the bond, first we need to understand the difference between the coupon rate of the bond and yield.<br /><br />
Credit information companies like CIBIL calculates an individual's credit score through advanced analytics and assigns a number between 300 and 900 to a borrower, based on his/her credit history. The closer your score to 900, the more confidence the credit institution will have in your ability to repay the loan .
Edelweiss Financial Services Limited announced its public issue of secured non-convertible debentures (NCDs). The issue is open from 16 January to 27 January. The issue aggregating to Rs 250 crore, comes with an option to retain over-subscription up to Rs 250 crore.
This fund is an open-ended fund of funds, and is open for subscription from 17 January to 31 January. The fund will re-open on 10 February.
The RBI should require a strong Proof of Identity (POI) for each and every customer and a documentary proof of one national address but waive the requirement of documentary proof for the current address, for the purpose of opening a full service bank account,"a report states.
The tips are so mind boggling that it looks like modern day financial planners have borrowed a leaf from ancient scriptures to make the foundation principles of modern day personal finance.
It is an inflation-indexed bond which come with a face value of Rs 5,000. This is also the minimum amount you can invest. The maximum amount is Rs 5 lakh.
Borrowers who are looking for a loan above the loan amount of Rs 75 lakh will have to pay 15 basis points more, that is 10.30 percent. For women borrowers, the bank has also announced a discount of 5 basis points. The new rates will be effective from 20 December.
MUMBAI: To offer a hedging option to investors who are getting a negative real rate of return due to high inflation, RBI governor Raghuram Rajan on Wednesday said the apex bank will launch the consumer price inflation (CPI)- indexed savings certificate product by this month end. <br /><br /> <br /><br /> The rate of interest for the product's inaugural run will be 1.5 per cent above the annual average of the CPI. <br /><br /> <br /><br /> "We are coming out with inflation indexed certificates (IISC) tied to the CPI this month. That will give savers the opportunity to invest in assets that produce real returns," Rajan told analysts after presenting his mid-quarter policy review. <br /><br /> <br /><br /> "The real return is being fixed at 1.5 per cent for this first roll out of IISC," Rajan said. <br /><br /> <br /><br /> CPI index rose to the nine-month high at 11.24 per cent for November on the back of an increase in food items. <br /><br /> <br /><br /> Rajan had earlier announced the product in his first interaction with reporters on the day of taking charge as the head of the central bank and announced that it will be launched by November. <br /><br /> <br /><br /> The certificates will be second in a series of products after the Inflation Indexed Bonds (IIB) which have been launched to counter the effects of price rise for investors. <br /><br /> <br /><br /> IIB is linked to the whole price index-based inflation. <br /><br /> <br /><br /> Rajan on Wednesday reiterated that offering real rate of returns is very much on the mind of the central bank. <br /><br /> <br /><br /> It can be noted that the negative rate of return is one of the main issues why investors are moving towards physical assets like realty and gold, which have driven away investors from financial instruments to physical assets like the high current account deficit and a worry about a potential asset bubble forming up.
Insurance Regulatory and Development Authority (IRDA) Chairman T S Vijayan said insurance companies will provide life cover to persons with pre-existing illness, but the pricing will be based on commercial considerations.<br /><br />
A credit report is the banking system's perception about an individual and so it is important to scrutinise it for any errors and keep it up to date with information, said Mohan Jayaraman, Managing Director, Experian Credit Bureau.
The proposal still needs the approval of the Employee Pension Fund Organisation Board before implementation.
So, how do you deal with a rate hike? Is there a right strategy?
Lending money to a friend is not a very good idea. This is because we tend to remember the loans we give, but forget the loans we take. And this phenomenon, where borrowers conveniently forget that they owe money to a friend, is called 'blind spot'.
Here are a few tips to celebrate Diwali on a shoestring budget.