Personal Finance News

Education loans for students to pursue higher studies in India or abroad have become popular among Indians today. In fact, it has become the norm as opposed to even 15 years ago when anyone who wanted to pursue further studies would look at an indulgent relative or friends to stump up the required money.

States will not impose tax on education and health services, especially those catering to the general populace, as a panel of state finance ministers today reached a consensus on the issue.

Mumbai, Dec 19 (ANI): The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) gained 12 points and closed at 19,091.

Mumbai, Dec.17 (ANI): The Bombay Stock Exchange's 30-share index tumbled 769 points on Monday over fears of foreign investment will slow down in the wake of rising inflation in the US.

New Delhi, Dec 4 (ANI): Union Finance Minister P. Chidambaram on Tuesday said that the government is investigating a case where the money invested in the country's stock market is suspected of having link with a terrorist organisation.

The Reserve Bank of India on Friday barred banks from resorting to any verbal or physical harassment of customers through agents in case of loan defaults and warned that the Central banking authority may consider ban on banks in case of any violation of the rules.

CAR COMPANIES are now knocking at your door, quite literally. They are arranging doorstep pick-ups and drops of cars meant for service, a scheme that a recent JD Power survey said is turning out to be a smash hit with customers.

Mumbai, Nov 14 (ANI): BSE Sensex on Wednesday registered its biggest ever gain in a single of 893.58 points to settle at the third-highest level ever on buying by investors in bank counters and blue chip companies such as Reliance Industries.

New Delhi, Nov 8 (ANI): The Union Cabinet today gave its approval for enhancement of the authorised share capital of the National Minorities Development and Finance Corporation from Rs. 650 crores to Rs. 750 crores.

Mumbai, Oct 26 (ANI): The Bombay Stock Exchange's benchmark 30-share Sensex crossed the 19000-point mark on Friday, following Security and Exchange Board of India's (SEBI) decision to partially restrict Participatory-Notes.

HSBC India on Thursday launched its global personal banking service, through which its Premier category customers will be in a position to take their account with them to any of the 35 countries, while on travel or on shifting permanently.

Are there any signs of a home-grown sub-prime crisis? Yes, it is ticking bomb, which could explode anytime, says former RBI Deputy Governor SS Tarapore. The 'sub-prime' crisis here is likened to a scenario in which banks may be saddled with huge defaults.

If you've been thinking of taking a home loan, now is the time. Interest rates are steadily coming down. CNN-IBN checked out the deals various banks are offering.

State Bank of India has slashed its interest rates on home loans, auto loans and personal loans. That’s a big relief for first time buyers. The interest rate cut on new home loans will be between 0.50 per cent to 1 per cent depending on loan maturities and amount.

Gandhi may be stamped on the currency banks lend, but there's nothing Gandhian about the way they go about recovering it. The swanky corporate sector hires local goons and ruffians to terrorise customers into settling their dues and threatening calls, verbal abuse and even physical violence are parts of routine collection system.

Off late there has been a an increasing clamour against the forcible loan recoveries. In an effort to clear their names, banks are now striving towards better customer services and default recovery. Bank customers complaining of harassment by recovery agents has now forced banks to improve their customer services and recovery standards.

ICICI Bank has paid Rs 15 lakh as compensation to the family of a customer, Prakash Sarvankar, who committed suicide a week ago following harassment by recovery agents.

Mumbai, Sept.21 (ANI): The stock market continued its record-breaking run today with the BSE Sensex breaching the 17,000 mark for the first time in its fastest 1,000-point rally as foreign funds stepped up purchases of local shares.

New Delhi, Sept.26 (ANI): World Bank officials have refused to be held accountable for their policy and project interventions in India as highlighted by the four-day meeting of the Independent Peoples Tribunal (IPT) in the Jawaharlal Nehru University campus here.

New Delhi: The government on Tuesday said it will not accept tax returns for the quarter ending September 30 and thereafter if companies fail to provide PAN details of a majority of their employees.