Finance

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Is a bank run in the making?

Stampedes are not created by those who live by hope but by the poor, spooked souls rushing to the exits.

Apr 6, 2018

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Banks may be charging a flat fee for SMS alerts -- illegally

The uniform billing by some of the lenders for SMS alerts is against the Reserve Bank of India's advisory.

Apr 5, 2018

No respite for borrowers as RBI links base rate with MCLR

The move comes at a time when the interest rates are poised to rise after nearly four years easing cycle, according to market experts.

Apr 4, 2018

Retirement Savings: When is enough really enough?

You need 18 to 35 times your annual expense at age 60 to retire. Inorder to calculate that, create an expense multiplier rather than an income multiplier.

Mar 31, 2018

Mutual fund investors beware! Your asset manager may be overcharging you

SEBI's recent study revealed that fund managers have overcharged mutual fund investors as much as Rs 1,500 crore in the last five years.

Mar 28, 2018

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Personal Finance: How to grow small savings to Rs 1 crore

Most individuals believe that investing small sum will not guarantee good returns and therefore wait for a large sum to start investments.

Mar 24, 2018

Nirav Modi scam: 'PNB staff bought assets overseas, stashed funds'

Punjab National Bank starts legal proceedings to recoup funds from the rogue employees.

Mar 21, 2018

After Urjit Patel, Banks Board Bureau chief blames govt over governance

Though governance standards have improved in the country since bank nationalization this hasn't reflected adequately in the PSB ecosystem.

Mar 20, 2018

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Canara Bank shares tumble as ex-chairman booked in loan fraud case

'Funds were siphoned off through a chain of alleged bogus transactions facilitated by fake sister concerns, family members and bank officials'

Mar 20, 2018

Personal Finance: Don't fall for these 5 common mutual fund investment myths

Investment in mutual funds could help achieve financial goals in a systematic and easy manner.

Mar 17, 2018

Top bankers mull measures to tighten lending to corporates

'The umbilical cord connecting public sector banks to politicians and bureaucrats ... has led to several inefficiencies'

Mar 16, 2018

SBI cuts charges for non-maintenance of minimum balance: Know new rates

The revised rates for the non-maintenance of Average Monthly Balance (AMB) in SBI savings accounts will be effective from April 01, 2018.

Mar 13, 2018

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Aadhaar linking, tax filings, NPS contribution: Things to do before March 31

From the filing of income tax returns to linking Aadhaar card with bank accounts, March 31 is the last date to complete many mandatory tasks.

Mar 12, 2018

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Looking for best returns? These stocks have surged up to 900% in one year

There are about 10 stocks which have more than doubled investors' wealth in the last one year.

Mar 10, 2018

Top 5 savings bank accounts for women

To create an impact in the financial and banking sector in India and encourage women to manage their money better, several banks are now offering special accounts for women.

Mar 9, 2018