PERSONAL FINANCE


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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Cezary Podkul (ProPublica) 28 October 2021
This story was originally published by ProPublica.   Phony job advertisements are proliferating on the internet, often as part of identity-theft schemes. Here’s how to avoid falling victim to them.   As ProPublica has reported, cybercriminals are flooding the internet with...

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TruthInAdvertising.org 26 October 2021
A disproportionate number of students that have defaulted on their students' loans attended for-profit colleges.   WHAT’S UP   The FTC has put dozens of for-profit higher education institutions on notice that engaging in practices it has previously found to be unfair or...

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Sucheta Dalal Sucheta Dalal 22 October 2021
One outcome of the devastating, once-in-a lifetime pandemic is a grim realisation about our lack of preparedness for unexpected tragedies. Those who have lost loved ones over the past 20 months had to run the harrowing gauntlet of succession issues, while trying to come to terms with their...

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Walter Vieira Walter Vieira 22 October 2021
In a changing world, exits from personal and commercial relationships need to be pleasant. Or, as pleasant as can be, in the given circumstances. Fifty years ago, there were not as many exits as they are now. Also, the possibility of the two parties crossing paths with each other were remote....

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Amitabha Banerjee Amitabha Banerjee 14 October 2021
While in corporate banking, my Boss was the assistant manager, whom I shall refer to as AM.   Initially, I was distinctly annoyed with the AM’s style of functioning. Gopal, from whom I was taking over, was clearly delighted to escape from AM’s clutches. He encouraged me to learn the...

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Venkatachari Jagannathan (IANS) 08 October 2021
Lack of proper promotion and transfer policies leading to arbitrariness in decisions, amending eligibility conditions and qualifications after the recruitment process has begun, scrapping the recruitment process midway are some of the human resources (HR) issues afflicting the Insurance...

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Walter Vieira Walter Vieira 08 October 2021
We have talked earlier about how times have changed over the last 50 years. Our parents joined a commercial enterprise and generally retired there itself. Others joined a government service or the Railways or the Post and Telegraph or the Armed Forces and also retired there. But this is not...

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