Maintenance against property must be written in gift deed: Supreme Court [ad_1] (This story originally appeared in on Dec 08, 2022) NEW DELHI: The Supreme Court has ruled that parents gifting their property to children in lieu of being cared for in their old age must put this condition in writing in the gift deed. Otherwise, the property gift can’t ...

New business premium of life insurance companies rises 30% in November Life insurance companies reported a 30 per cent year-on-year (YoY) growth in new business premiums (NBP) in November due to a stellar show by state-owned Life Insurance Corporation (LIC), even as private insurers saw their premium growth moderating. Data released by the Insurance Regulatory and Development ...

EPF withdrawal: How to make a claim for final PF settlement online [ad_1] EPF withdrawal: How to make a claim for final PF settlement online [ad_2]

IndusInd Bank enters into Rs 500 crore co-lending pact with SV Credit Line Private sector IndusInd Bank announced its tie-up with non-banking finance company SV Credit Line for a co-lending agreement for Rs 500 crore loan exclusively to women borrowers. The agreement will help rural women access to affordable loans which they could use for a wide ...

6 important bank locker rules that came into effect in 2022 [ad_1] [ad_2]

Rupee gains 3 paise to close at 82.44 against dollar on positive equities The rupee consolidated in a narrow range and settled 3 paise higher at 82.44 (provisional) against the US dollar on Thursday, supported by positive domestic equities. At the interbank foreign exchange market, the local unit opened at 82.34 and touched an intra-day high of ...

UPI single block multiple debit facility coming soon: How it will help you [ad_1] [ad_2]

ADB approves $780 mn loan to expand Chennai’s metro rail network The Asian Development Bank (ADB) on Thursday approved financing of $780 million to build new lines for Chennai’s metro rail and improve the network’s connectivity with bus and feeder services. The project will construct 10.1 km of an elevated section between Sholinganallur to State Industries Promotion ...

Federal Bank revises savings account interest rates [ad_1] Federal Bank has revised savings account interest rates with effect from December 8, 2022. This comes just a day after the Reserve Bank of India (RBI) raised the repo rate by 35 basis points during its Monetary Policy Committee meeting. Federal Bank’s savings account interest rates are linked to the repo rates. ...

Curb on securitising short-term maturity loans may hurt micro loan biz The Reserve Bank of India’s curb on securitising loans having residual maturity of less than 365 days may hit the sale of short-term advances like micro-finance, personal loans and gold loans for a while, rating agencies said on Thursday. The change could make a certain portion ...