The National Housing Bank (NHB) has directed housing finance companies
(HFCs) to stop levying charges on repayment of all floating home loans
ahead of scheduled tenure,
Recent rulings in the banking, telecom and capital market which can affect you A look at recent rulings in the banking, telecom and capital market which can affect you.
Personal Finance experts on latest trends in the sector "If a person has idle cash in savings account, he should invest in
liquid funds where there is relatively lower interest rate risk," says Lakshmi Iyer, Head (Fixed Income), Kotak Mutual Fund.
Interesting facts and numbers from around the world 2.15 per cent is the growth in overall employment in India during
April-June 2011, compared with 1.62 per cent a year ago, according to
the labour ministry data.
SC nod to first right for employees on company's funds Supreme Court has ruled in a verdict delivered on 8 November, 2011, that if a company goes bust, its employees will have the first claim on it assets for their employee provident fund dues.
RBI survey finds women use debit cards lesser than men The central bank had commissioned the survey to assess customer
satisfaction in the usage of automated teller machines (ATMs) across the
Cheques to only remain valid for 3 months from April 2012 From 1 April 2012, cheques, drafts, pay orders and banker's cheques will
be valid for only three months. Currently, these instruments are valid
for six months from the date of issue.
RBI brings transparency to real estate sector, asks for disclosures The real estate sector has become slightly more transparent with new disclosure norms for mortgaged commercial properties.
Rupee falls 13 per cent in three months on domestic, global cues In the last 3 months alone, the rupee has depreciated by 13 per cent,
falling from the level of Rs 45 in August 2011 to Rs 51 as of 16
Pension schemes to get transparent, give guaranteed returns From 1 December 2011, you can expect pension plans to be more
transparent and user-friendly, while providing a guaranteed return on