PERSONAL FINANCE


Amitabha Banerjee Amitabha Banerjee 24 December 2021
On my first visit to the Calcutta main branch, after taking up my new posting, I was surprised to find great stacks of large cartons lying on the verandah just outside the main door. I was told that they contained the computers, printers, and terminals that had been sent ahead of the...

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Walter Vieira Walter Vieira 17 December 2021
It is amazing how much communication takes place, even before a person starts speaking. From the gait and the smile, from the clothes and the shoes. For some people, the dress becomes the trademark – a part of the personality!    Jawaharlal Nehru and the Nehru jacket with a red rose,...

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Venkatachari Jagannathan (IANS) 15 December 2021
The Insurance Regulatory Authority of India (IRDAI) is not exempted from getting the Chief Vigilance Commissioner's approval before appointing its Chief Vigilance Officer, the government said.   The position was made clear in Finance Minister Nirmala Sitharaman, in a written reply to...

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Amitabha Banerjee Amitabha Banerjee 10 December 2021
The apartment assigned to me in Calcutta was No 12A, 10 Judges Court Road, located in the posh area of Calcutta – Alipore. Why 12A, you may ask. Actually, it should have been flat 13, but 13 was an unlucky number, you see.   The building had come up in the 1930s to house high-ranking...

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Sponsored Post 10 December 2021
Homeownership is definitely an expensive decision to make. Especially when you are taking a loan to finance the purchase, affordability starts to play a more vital role. Getting the best EMI is not that easy; you need to keep track of your loan status and make changes accordingly to ensure...

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R Balakrishnan R Balakrishnan 09 December 2021
I face some interesting questions from younger people about how to create a savings and investment strategy. That has set me thinking. Everyone’s end goal is the same—build a pool of savings and investment that will work for you once you stop working. But each one is differently wired and...

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Walter Vieira Walter Vieira 03 December 2021
Recently, there was a report on how rules are set after long and detailed thinking while framing a nation’s constitution, setting up a small or large institution; or for an organisation of professionals—all enterprises expected to last for generations.    However, over time, one finds...

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Sponsored Post 02 December 2021
Extending your line of credit comes with quite few risks, if it is not handled properly. However, the risks can be avoided if you make smart financial decisions that protect you from these risks. While this might sound straightforward, it can be difficult to make sound decisions when you need...

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Sponsored Post 30 November 2021
The process of preparing for a home loan doesn’t start at the home loan application, it starts at the very foundation – namely, research, EMI forecasting, and planning a tentative repayment schedule. Your home loan is a long-term financial commitment, and the EMI you commit to has to be paid...

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Shrirang Samant 26 November 2021
With the increasing financialisation of the economy, banks have started aggressively selling a number of financial products to their customers as mutual funds (MFs) and insurance policies. This article analyses the practice of banks selling complex life insurance products to their customers,...

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Amitabha Banerjee Amitabha Banerjee 26 November 2021
The chairman was coming!   It was a great occasion. Detailed preparations were made for this great visit.   In Mumbai (earlier called Bombay), for example, an intense search was done to identify a car that was worthy of transporting the chairman. Nothing less than a Mercedes...

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Walter Vieira Walter Vieira 19 November 2021
Managing corporations needs THC- something that has been talked about in other articles in this series. The H is the human skills, which is not secondary in importance because it appears second. It is as important as technical skills. In course of time, human skills will prove more important...

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IANS 18 November 2021
Insurance regulator IRDAI has rejected the application of 5Paisa Insurance Brokers Ltd for a certificate of registration to act as life and non-life insurance direct broker.   Rejecting the application of 5Paisa Insurance filed in 2019, the Insurance Regulatory Development Authority...

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Amitabha Banerjee Amitabha Banerjee 12 November 2021
The Teflon Boss was transferred a few months later.   My new Boss walked into my cabin at 10am on his first day and said, “No late returns (to head office) and no smell of piss. Make sure of these, and you will do fine by me.”            His next instruction was, “This carpet...

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Subhash Narayan (IANS) 09 November 2021
At least three private players have shown interest in participating in the strategic sale of public sector insurance companies, raising hopes that the government may advance initiation of its disinvestment this fiscal.   Sources said one new and two other large private sector...

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Moneylife Digital Team 09 November 2021
Banking malware threats are sharply increasing as cybercriminals target the rising popularity of mobile banking on smartphones, with plots aimed at stealing personal banking credentials and credit card information, says a report.   The Nokia 2021 Threat Intelligence Report, based on...

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Venkatachari Jagannathan (IANS) 08 November 2021
Which financial sector regulator in India has the luxury of having 7,450 square feet office in high rent city Mumbai for just six officials?   Well, the answer is the Insurance Regulatory and Development Authority of India (IRDAI) that runs on policyholders' money, a senior official,...

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Walter Vieira Walter Vieira 05 November 2021
In the years gone by, in a more leisurely world, we all took time to find out. It was from the grapevine - from friends, from colleagues, from some published information. Generally it was over a period of time. We also had the luxury of making some assumptions - and we were generally not too...

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Moneylife Digital Team 01 November 2021
Fixed deposits (FDs) are a popular investment product because of their simplicity and safety. Currently, due to low interest rates, banks are offering additional benefits to attract customers to FDs. Some banks now offer insurance bundled with the plain-vanilla FDs. In a year where we have...

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Amitabha Banerjee Amitabha Banerjee 29 October 2021
I had been bumped a grade higher and posted as the operations manager in a large branch in Bombay.   Almost immediately the monsoon arrived.   Sitting in my cabin I heard a rattling noise, a bit like the sound of a machine gun firing. I went out to investigate.   I...

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