While PNB raised its benchmark prime lending rate (BPLR) by 50 basis points to 13 per cent, Allahabad Bank increased it by 25 basis points to 13.50 per cent.

Unrelenting inflation also brings with it a measure of respite-the Reserve Bank of India hikes the key policy rates, which leads to banks raising the interest rates on fixed deposits (FDs)

While the hike in lending rate would make auto, home and commercial loans expensive, increase in deposit rates will ensure better returns for depositors.

Since the announcement, as many as 25 banks, including State Bank of India, ICICI Bank, Punjab National Bank and Bank of Baroda, have already raised interest rates.

The recent Sebi diktat to do away with entry loads on mutual funds has resulted in mixed feelings among the three key stakeholders.

Many investors are convinced that after the Sensex plunged 41% in six months, the key indices can fall no further. It looks like they could be right. Can things really improve?

For too long now, the pension sector has been a woefully neglected stepchild for everyone—government, regulators and investors. Now, hopefully, the first step towards pension reforms has been taken.

Mumbai-based Jiya Yadav and Nagpur-based Sanjay Kumar have very different investment strategies.Yet, their portfolios suffer from common financial flaws.

Delhi-based superintendent engineer Tejinder Pal Singh must increase equity exposure and insurance cover for a financially sound future.

There are a lot of myths about mutual funds in the mind of the common investor. We dispel five common misconceptions.

An analysis of the tax-saving options available under S ection 80C