Author: Finance Khabar
The Reserve Bank of India (RBI) slashed interest rates (repo) by 35 basis points (bps) on Wednesday. The repo rate now stands at 5.4 per cent, after four consecutive rate cuts in this year from its recent peak of 6.5 per cent.
There are lakhs of agents and brokers selling life Insurance in India. Most of them are well-intentioned and try to help customers choose policies that are suitable for their need and lifestyle. There are also some rogue agents who try to sell insurance by misrepresenting facts and sometimes present a distorted picture of the features of an insurance policy.
In a widely expected move, RBI cut the policy repo rate by 35 basis points (bps) to 5.4% in its monetary policy committee (MPC) meeting on Wednesday. This makes it the fourth rate cut in a row since the first MPC chaired by RBI governor Shaktikanta Das in February 2019. In all, RBI has reduced the repo rate from 6.5% to 5.4% in this period.
Mint50, a curated basket of investment-worthy funds, is the result of an exhaustive exercise that blends in various parameters with the aim of getting you the best combination of risk and returns.
MUMBAI: Agriculture tech startup Gramophone today said that it has raised ₹24 crore from existing investor InfoEdge, which owns Naukri.com, and impact investors Asha Impact and Better Capital, among others.
The Finance (No. 2) Bill, announced on July 5, 2019, has created a buzz in the market, especially due to the so-called ‘Super-rich tax’. The maximum marginal rate (MMR) shooting up to 42.7 per cent has made high-income taxpayers anxious. On the other hand, the rebate announced in the Interim Budget in February 2019 for people with taxable income below Rs 5 lakh made the ‘target’ taxpayers happy. This year was unique
MUMBAI: Asset managers in India are seeking regulatory approval to join creditors as one of the nation’s major shadow lenders tries to pull itself out of distress.
Last Friday (August 2), the RBI barred non-banking finance companies (NBFCs) from charging pre-payment penalties or foreclosure charges from individual borrowers.
If you are in the market looking for a credit card, you are probably prepared to shell out an annual fee for the same. But why should you pay a fee when the market has zero-fee credit cards too? While paying a fee may entitle you to extra benefits, a zero-fee credit card may suffice if you do not use it a lot or are a new user. We explain why but first let’s start with the basics.
Indian financial markets look like a very different place in the last few weeks. The euphoria of an election outcome that was perceived as very positive for India, due to its large mandate to the incumbent government, has given way to questions about growth and consumption slowdown, lack of reforms and tax terrorism, amongst other negative factors.
Awfis, a startup that rents coworking space to businesses, raised $30 million in a Series D equity financing round led by homegrown ChrysCapital, a senior executive at the private equity firm said.
“Coworking has changed the way commercial real estate business is conducted globally and has picked up a lot of steam in India,
Every mutual fund house incurs expenses. Fund managers need to be paid their salaries for managing investors’ money. Distributors need to be paid commissions for selling mutual fund schemes. Apart from these, there are several costs incurred in running a fund house such as auditor’s fees, registrar and transfer agent’s fees and so on.
Bengaluru: Payments solution company Razorpay today announced its acquisition of Thirdwatch, an artificial intelligence (AI) start-up based out of Gurgaon which specializes in real-time fraud prevention using machine learning.
Thematic or sectoral funds are mutual funds that invest in a particular industry or sector or around a theme. Some of these funds are investing in sectors such as technology, banking and financial services, utilities, auto and auto ancillaries, real estate, and so on.
If you settle with the plan your agent sells or are happy knowing you have bought the cheapest plan, there is a bit of unlearning and a lot of learning in store for you .
The claims settlement rate is measured by the benefit amount or the sum assured, as a lower settlement rate is indicative of high ticket-size policies being rejected.
The tilt in ICICI Prudential Life Insurance Company Ltd’s business mix towards protection from savings may have helped the company report an improvement in profit metrics, pushing its shares 4.8% higher over two trading days.
The Insurance Regulatory and Development Authority of India (Irdai) recently issued an order against Reliance Nippon Life Insurance Co. Ltd for exceeding expenses of management (EoM) beyond the permissible limits. It was found that the insurer’s actual EoM for FY15-16 were ₹1,632.24 crore against the limit of ₹1,069.20 crore.
If you are planning to buy your dream home using the 25:75 scheme, wherein the builder bears the interest burden for a specified period, there is some bad news for you.
Renting a house in most Indian cities is usually difficult for people, especially millennials and those who have just started working, due to the high security deposits and other conditions that owners place. But that does not mean owners land the sweeter deal. Giving your house on rent usually is a huge risk, given innumerable cases of squatting and tenants causing damages to the property.