Kothari learnt about the nitty-gritty of this space while heading the mutual funds business at Policybazaar. He has spent around 15 years in the financial services space, having worked at Citibank, Standard Chartered Bank and IIFL Investment Managers in the past. … [Read more...] about A former Policybazaar executive’s startup shows how mutual funds can be sold successfully in rural India
Executed for espionage
The first and foremost effect of the Yes Bank crisis was on Life Insurance Corporation of India. The insurer has usually seen a high amount of revenue collection coming in the month of March every year. The premiums usually flow in these days as online payments. With the automation of processes, the bank for NACH debit and cheque clearances for LIC was Yes Bank which is expected to affect the collections for the corporation for the month of March for Q4 ‘20. … [Read more...] about How the Yes Bank crisis has caused a domino effect
She denounced the fact that "the high-level officials who organised and embraced the execution ... have walked free from the start", and that Saudi Crown Prince Mohammed Bin Salman "has remained well protected against any kind of meaningful scrutiny in his country". … [Read more...] about Saudi verdict in Jamal Khashoggi case without ‘legal, moral legitimacy’: UN expert
A public sector bank should be your first priority as interest rates are lowest compared to private banks and non-banking financial companies (NBFCs). For instance, public sector banks such as the State Bank of India and Canara Bank charge 7.50 per cent and 7.65 per cent interest, respectively, per annum on gold loan. Private banks charge interest rates in the range of 9.90-11.5 per cent a year and NBFCs such as Manappuram Finance, Muthoot finance charge 12 per cent interest annually. … [Read more...] about What are the charges for gold loans, how is the value of ornaments calculated, which lenders are the best and other key questions answered
It was in 2012 that a credit committee of ICICI Bank in which Chanda Kochhar was a member in her capacity as CEO signed a letter sanctioning a loan to Videocon promoter Venugopal Dhoot. ICICI was part of a consortium of more than 20 banks and financial institutions that disbursed the loan of Rs 40,000 crore to consolidate debt and expand into oil and energy. India’s third biggest lender ended up loaning Rs 3,250 crore to Dhoot’s business. … [Read more...] about ICICI-Videocon case: Deepak Kochhar arrested. Is Chanda Kochhar next?