Author: Finance Khabar

New Delhi. The Insurance Regulatory and Development Authority (IRDAI) informed all insurance companies that, from April 1, all general and health insurance companies will have to introduce a standard health insurance product – Arogya Sanjivani Policy – relating to hospitalization, pre and post treatment and AYUSH treatment. Will include basic expenses. Both non-life insurers and standalone health insurers will offer this policy. The Times of India has said in a report that the move has been taken by the insurance regulator in view of differences in individual health insurance products. All insurance companies will charge a uniform rate for this…

10 cities of the 12 surveyed show positive market dynamics – Search trends suggest India is looking for houses under Rs.4000/sqft January 8, 2020: Magicbricks’s PropIndex Report Q4 2019 reveals that a silver lining in the residential sector appears to be traceable with 10 cities out of 12 key residential markets of India showing positive market dynamics in the last quarter of the year and South India market emerging as the best performing market in 2019. According to PropIndex Report Q4 2019, while some areas of the country faced downward pressure on prices and reduction in supply, searches remained robust in…

Monthly Fixed Deposit starting Rs. 5000 per monthFlexible tenors from 12 to 60 months Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv, has launched Systematic Deposit plan – a monthly savings plan, for those looking to invest in Fixed Deposit through small monthly savings. Starting at just Rs. 5000 per month, investors can reap the benefit of interest rates prevailing on the date of every monthly deposit, which are applicable to that particular deposit. With the number of monthly deposits ranging from 6 to 48, investors can choose tenors ranging from 12 to 60 months. At the…

LUDHIANA : After proving to be a great boost to knitwear garment manufacturers the grand show in Ludhiana GMMSA EXPO INDIA 2020 concluded on Monday at Dana Mandi, Bahadurke Road. The Expo turned out to be a great show to get a glimpse of the manufacturing machines and accessories all under one roof. On the whole, the exhibition was a hub of innovation over the last four days and more than 50,000 people visited the exhibition. GMMSA EXPO INDIA 2020 also facilitated the exhibitors for their participation and sought their support for next year 2021. Among the vast array of Chinese, Korean, Taiwanese…

The Kolkata headquartered Bank is dedicating 3 more Rural Self Employment Training Centres (Dausa in Rajasthan, Jagatsinghpur in Odisha & Ropar in Punjab) to the nation in addition to its existing 27 RSETIs across the country. The Bank is also extending credit linkage to 10,000 Self Help Groups and opening two urban Bank Mitra centres in Kolkata. To boost the credit off take and benefitting the consumer segments, Bank is coming with UCO Carnival campaign, an initiative for Retail and MSME borrowers. A Mega CASA campaign will also be launched to provide banking service to the unbanked areas. In line…

2020 marks the beginning of a new year, and a new decade, which is why it is also a great time to start new resolutions. In your list of New Year resolutions, you may consider including some financial to-dos as well. Financial decisions taken now, will help you achieve your goals in the future – be it buying a car, travelling overseas, or making a down payment on a home. Investing in a fixed deposit in 2020, for instance, can help you build a corpus for financial goals 5 years hence. So, without further ado, look at these 3 financial…

“Importance of Amalgamation of Banks in Indian Economy” was the theme of recently organised the third All India Hindi Seminar 2019 in Kolkata. Ms Anuradha Mitra, Secretary, Department of Official Language, Ministry of Home Affairs, New Delhi inaugurated the seminar as chief guest which was presided over by Shri M K Bhattacharya, Executive Director of Indian Bank. The seminar was attended by top management and the senior executives of the banking industry apart from many officials of public sector and other organisations from Kolkata. Indian Bank with the objective of taking Hindi to the nook and the corner of the…

Mumbai: The out performance of the NSE IT file wound down in 2019 since September, incompletely in light of the fact that the administration’s tax reductions don’t profit programming administrations organizations. Be that as it may, financial specialists are additionally worried about the control in income development during the year. NSE IT record increased 24% in 2018, while Clever rose 4% during the year. So far in 2019, NSE IT file has risen 9% while Clever increased 12%. The year-on-year steady cash income development at industry pioneer Goodbye Consultancy Administrations Ltd dropped to single-digits in the September quarter. Development at…

Existing SBI home credit borrowers, who have profited advances connected to outer benchmark based rate, will profit by the rate cut SBI said new home purchasers will get credits at a financing cost beginning from 7.90% per annum State Bank of India (SBI), the nation’s biggest moneylender, today reported a decrease in its outer benchmark based rate (EBR) by 25 bps to 7.80% per annum, from 8.05% per annum. The update will happen from January 1, 2020. With this decrease, financing cost for existing home advance clients just as MSME borrowers who have profited credits connected to outside benchmark based…

The resilience of the banking sector has improved following the recapitalisation of Public Sector Banks (PSBs) by the government. India’s financial system remains stable notwithstanding weakening domestic growth, said the Reserve Bank of India (RBI) while releasing December 2019 Financial Stability Report (FSR) here on Friday. The central bank, however, said the resilience of the banking sector has improved following recapitalisation of public sector banks (PSBs) by the government, but added the risks arising out of global and domestic economic uncertainties and geopolitical developments, however, persist. “India’s financial system remains stable notwithstanding weakening domestic growth. The resilience of the banking…

Pune : With a new decade just around the corner, now is the best time to invest for your future. Instead of splurging on material items, this festive season, why not consider buying for yourself a gift that keeps on giving? The Bajaj Finance Fixed Deposit, for instance, is an excellent choice. This vehicle offers market-leading interest rates, despite the recent RBI repo rate cuts, and allows you to intelligently invest your money for maximum returns. So, while you shop for presents for your friends and family, don’t neglect this handy investment to secure your future. Read on to know…

Come winter, and Christmas carols and the spirit of giving fill the air. Brands and retailers also join in the festivities and you’re likely to find attractive discounts everywhere you look. However, while shopping and gifting are an essential to the season, it’s also fitting that you think of ways to grow your finances and enjoy them for many more Christmases to come. An ideal way forward is to invest a portion of this year’s earnings in a safe instrument such as the Bajaj Finance Fixed Deposit. This way you enjoy the guarantee of returns and the benefit of generous…

Report on ‘Ease of Doing Business’ (EoDB) points out that integrated value chain approach to EoDB will lead to more quantifiable gains and higher contribution of the business sectors to state GDPsIt examines these three industries as case studies which are integrated to show how inter-linkages have to be taken into account while implementing reforms in industriesIndia’s rank on EoDB framework has improved from 130 in 2017 to 63 in 2019The state of UP has seen its rank in EoDB slip from 10 in 2014-15 to 14 in 2016-17 to again rise to 12 in 2017-18 Lucknow : Pahle India…

Buying a house is one of the most important decision an individual makes in his or her lifetime and appended below are some important steps which will make this decision much easier, says Sunil Mishra, Chief Executive Officer of TRESPECT Before you enter the home buying cycle, assess your needs carefully. Finalize your tentative budget, type of property you want, number of rooms, and a list of essential amenities. Drawing up a budget will help you understand how much you can actually afford. Once you have this in place, take stock of your finances. Check your credit score, home loan…

Seed-to-market initiative by BPC to strengthen India’s agri value chain management system and resolve farmers’ woes with access to complete Agri ecosystem including finance and insurance Safal Fasal will connect buyers and sellers to improve income of farmers by enabling access through techWill fix broken Agri Value Chain by bridging gaps between farmers, FPOs, FPCs, input providers, produce-buyer financial institutions, insurance companies, logistics providers, shared equipment providers, and other relevant stakeholdersMarketplace will take benefits to the last mile in a much faster mode and increase income of stakeholders by 15-20% Lucknow : In a bid to resolve farmer woes and…

New Delhi. The Asian Development Bank (ADB) on Wednesday lowered India’s economic growth forecast for FY 2019 to reduce job prospects to 5.1 percent, worsening crop and debt crisis exacerbating rural crisis. However, the multilateral bank expects the growth rate to be 6.5 percent based on the government’s policies next year. In South Asia, India’s growth is now seen with a slow 5.1 per cent growth in FY 2019 as the establishment of a major non-banking financial company in 2018 has led to increased risks in the financial sector and credit crunch. In addition, consumption was affected by slow job…

New Delhi. SBI’s explanation has also not taken YES Bank into its possession as Mega later announced plans to raise a $ 2 billion fund. SBI, State Bank of India, MCLR, Lending Rate, SBI Lending Rate, SBI MCLR XSBI shares are trading around 2.4% higher at Rs 328 on BSE. Even rumors of India’s largest lender SBI overthrowing loss-making private sector lender Yes Bank, however, SBI CFO Prashant Kumar have denied such reports. Prashant Kumar said in an interview to CNBC TV18, “There is no truth in these reports that SBI will be asked to handle Yes Bank or any other…

The recently launched #LoanFlexibleHai campaign drives awareness of the offering through an engaging game Pune : While personal loans are easy to apply for and offer ample funds to tackle your needs, you may be wondering whether you should borrow to start with. Timing is also key, as repayment of a loan taken to meet unplanned expenses during tough times or manage over-the-top spends during festive seasons, may weigh heavy on your pocket. This is where the Bajaj Finserv Flexi Personal Loan is a perfect solution to meet all your financial goals.  The company has launched a 15-day digital marketing…

Bajaj Finance Limited, the lending and investment arm of the Bajaj Finserv Group, launched its latest #LoanFlexibleHai campaign. Providing an instant connect with the customers through an engaging and interactive game, the #LoanFlexibleHai campaign aims to create awareness for the Bajaj Finserv Flexi Personal Loan. Customers are encouraged to play the game and learn how a single, flexible loan can be of assistance during various life stages, through the campaign’s 15-day window, from December 1st – 16th, 2019. Here, customers playing the game must scale the tiles indicating various life stages and, as they progress, encounter both expected and unexpected…

Author – Amit Sinha, Chief Operation Officer, Trespect India Pvt Ltd With rising property values, buying a home has become an expensive proposition for many aspiring buyers. In such a scenario, home loans are like the silver lining in the dark clouds. If you have decided to take the home loan route and don’t know where to start, below are a few important pointers which you should consider. In this article we will mainly cover the eligibility criteria, selection of a lender, the application process, documentation, selecting the right tenure and tax benefits. It all starts with the eligibility perspective and…