Stop Charging Prepayment Penalty on Floating Rate Home Loans: RBI
The Reserve Bank of India (RBI) has already proposed not to levy prepayment or foreclosure charges by banks on home
Read moreMonth: June 2012
Certificate of Deposit Rates to Rise Further on Liquidity Crisis
Short-term borrowing rates in India are expected to rise due to the credit crunch in the banking system. These rates
Read moreBanks Plan to Set up Loan Recovery by Auctioning Mortgaged Property
Here is a piece of bad news for loan borrowers! Think twice before taking loans, as you might simply lose
Read morePolicyholders May Benefit From IRDA Draft Norms on Claims Settlement
The new draft norms by the Insurance Regulatory and Development Authority (IRDA) on health insurance sector may help policyholders expect
Read moreHealth Insurers May Likely To Introduce Co-Pay in Group Policies
Following the order from the Ministry of Finance to cut losses in insurance industry, all the public sector general insurers
Read moreRBI Asks Three Co-Operative Banks Not to Accept Fresh Deposits
The Reserve Bank of India (RBI) asked three district co-operative banks – Osmanabad District Central Co-operative Bank, Jalna District Central
Read moreInsurance Ombudsman Plans to Handle Disputes Related to Wrong Products
Good news for policyholders who feel that they have been sold a wrong insurance product. Currently, ombudsman handles only the
Read moreLIC Raises Interest Rates on Loans Against Policies
Life Insurance Corporation (LIC) has increased interest rates on loans against insurance policies. It also increased interest rates on delayed
Read moreIRDA Asks Insurers to Introduce Health Cover up to 65 Years
The Insurance Regulator and Development Authority (IRDA), has proposed health insurers to make it mandatory to provide insurance cover to
Read moreLife Insurance Penetration Falls in 2010-11
The Minister of the state for finance said that the country’s life insurance penetration has dropped in financial year 2010-11,
Read moreOffline Process at the End of Online Tax Filing May be Eliminated this Year
There is one major problem while e-filing income-tax returns. At the end of online filing of income-tax, taxpayers need to
Read moreWhat is Wellness?
According to World Health Organization (WHO) – Wellness is the optimal state of health of individuals and groups. There are
Read moreDimensions of Wellness
The concept of wellness is highly valued by human beings as it covers every aspect of internal and external well-being
Read moreTravel Insurance Premium Likely to Rise
With the depreciation seen in rupee’s value, general insurance companies are likely to raise the premiums of travel insurance. These
Read moreRBI Permits Banking Licence to Morgan Stanley
The Reserve Bank of India (RBI) has granted a banking licence to Morgan Stanley to expand its offerings to corporate
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