Finance

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

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Meet world's top billionaires by Forbes: Amazon's Jeff Bezos bumps Bill Gates to top the list

Jeff Bezos took the top spot on Forbes' world's billionaires list, Bill Gates drops to second and trailed by American investor Warren Buffet followed by Frenchman Bernard Arnault.

Mar 7, 2018

Banks may soon take passport details for granting loans above Rs 50 crore

By seeking certified copies of the passport before granting loans, the banks may be able to prevent defaulters and fraudsters from leaving the country.

Mar 6, 2018