Personal Loan

50% equity:50% debt helps in meaningful wealth creation: Motilal Oswal Private Wealth [ad_1] Mumbai: A study by Motilal Oswal Private Wealth showed that a portfolio comprising 50% equity and 50% debt has the potential to generate meaningful wealth creation in the long term. Such a portfolio returned a 12.2% compound annual growth rate (CAGR) in the 1990-2023 period, with a ...

Customers to receive alerts when their credit information report is accessed by lenders: RBI asks CICs [ad_1] The Reserve Bank of India (RBI) has asked Credit Information Companies (CICs) to notify clients via SMS or email when banks and Non-banking Financing Companies (NBFCs) access their Credit Information Report (CIR) in order to strengthen and improve the efficacy of the grievance ...

RBI revises bulk FD limit for these banks to Rs 1 crore [ad_1] The Reserve Bank of India (RBI) decided to raise the criteria for ‘bulk deposits’ for regional rural banks (RRBs) to Rs 1 crore from the current Rs 15 lakhs in order to raise more funds. According to the RBI notification dated October 26, 2023, “It has been ...

Health Policies Beat Motor In Premium [ad_1] Mumbai: Health insurance is growing faster than motor policies after the pandemic. The share of health covers in non-life insurance premium has risen to 38% in September from 33% in March, driven by group policies. Before the pandemic struck, the share of motor insurance was 37%, as against 27% for health insurance. Motor ...

Bank of Baroda suspends employees for jacking up number of app users [ad_1] (This story originally appeared in on Oct 19, 2023) MUMBAI: Bank of Baroda is understood to have suspended over 50 employees across states, including several at the level of assistant general manager, as part of its action against irregularities in onboarding customers onto its mobile banking app ...

BoB World app scam could be tip of iceberg, RBI should appoint IT auditors in banks: Forum [ad_1] The RBI governor, Shaktikanta Das, has been urged by a civil society platform to implement an information security (IS) audit mechanism for banks that have mobile banking apps, and asked banks detect any malpractices, such as substitution of biometric details of customers ...

RBI fines ICICI Bank, Kotak Mahindra Bank for defaulting in fraud reporting, loan recovery rules [ad_1] The Reserve Bank of India has imposed monetary penalties on Kotak Mahindra Bank and ICICI Bank due to deficiencies in regulatory compliance, according to two separate RBI press releases issued on October 17, 2023. Why RBI fined Kotak Mahindra Bank The RBI has imposed ...

Mutual fund SIP account addition reaches record 3.7 million in September [ad_1] ET Intelligence group: The gross account registration in the systematic investment plan (SIP) category of mutual funds reached a record 3.7 million in September 2023, the data from AMFI shows. The new account opening remained above three million for the third month in a row despite higher volatility ...

Attention SBI customers: State Bank of India on why you are facing UPI snags [ad_1] If you are a State Bank of India (SBI) customer and are facing some technical issues while using UPI for your transactions, SBI has stated the reason. SBI UPI services are facing intermittent fluctuations due to technology upgradation activities, stated the PSU lender on social ...

SBI net banking will be down on this day; here are alternatives [ad_1] State Bank of India customers will not be able to access internet banking services due to scheduled activity. However, it has not mentioned anything about the YONO app, if its service will be available. According to the SBI website, “The services of Internet Banking applications will not ...