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The bank now charges 7.5% on car loans and gold loans, and 9.6% for personal loans. (Mint)
The bank now charges 7.5% on car loans and gold loans, and 9.6% for personal loans. (Mint)

SBI home loans are now cheaper

  • SBI announces a slew of offers for retail customers with 100% processing fee waiver on car, gold and personal loans

When investing in equity funds, you need to have a minimum holding period of at least five years (iStock)
With a lot of people facing the threat of job loss, it is advisable to prepay home loan and bring down credit utilization
The campaign is extended across 10 Tata Housing projects with ready-to-move-in (RTMI) and under construction properties (AP)
VPF fund withdrawal rules are the same as that of EPF.
SBI offers a credit score based concessions of up to 20 bps from 10 bps earlier, for a home loan of above  ₹30 lakh to  ₹2 crore across India. (Mint)
SBI offers a credit score based concessions of up to 20 bps from 10 bps earlier, for a home loan of above 30 lakh to 2 crore across India. (Mint)

SBI announces up to 25 bps concession on home loan rates

  • SBI has announced concession in home loan rates by as high as 25 basis points (bps) in order to offer home buyers an enhanced festive delight
  • SBI now offers interest rates starting as low as 6.90% for a home loan of up to 30 lakh and 7% for above 30 lakh

The recovery in the EPFO payroll will cheer the government as it comes at a time, the country is undergoing a huge jobs crisis due to several factors including the crippling impact of Covid-19 related lockdown on businesses (Mint)
The recovery in the EPFO payroll will cheer the government as it comes at a time, the country is undergoing a huge jobs crisis due to several factors including the crippling impact of Covid-19 related lockdown on businesses (Mint)

At least 669,914 new employees joined formal work in August: EPFO data

This is the fifth month in a row after India went to a lockdown in March when payroll data shows a gradual uptick after it fell significantly in April. The August fresh additions is nearly 22,000 more than July as per EPFO data

What we learnt from the Yes Bank episode is that these bonds stand the risk of being written off even when the bank is not being liquidated
What we learnt from the Yes Bank episode is that these bonds stand the risk of being written off even when the bank is not being liquidated

Sebi revamp makes AT1 perpetual bonds suitable only for QIBs, savvy investors

There are some leading private sector banks in the country with decent fundamentals

A will is very simple to make—all you need to do is put your signature onto a typed (preferred option) will
A will is very simple to make—all you need to do is put your signature onto a typed (preferred option) will

A testator doesn’t have to submit her will to sub-registrar’s office

A will is an optionally registrable document under Section 18(e) the Indian Registration Act, 1908

The paper focused on estimating ERP, which is the extra return that investors demand in return for holding a risky asset
The paper focused on estimating ERP, which is the extra return that investors demand in return for holding a risky asset

Low risk premium has fuelled equity returns: RBI paper

  • The paper provides some insight into the puzzle of rising stock prices despite sluggish earnings growth
  • It also highlighted the risks posed by a rally driven by lower risk perceptions among investors rather than fundamental changes in earnings

It is a bad idea to rush into buying a home just because you think you’re likely to get a good discount or a great deal
Flexpay is accepted by every merchant, from small Kirana stores to large retailers. (REUTERS)
EPFO data: The new subscriber joining has increased from 6.48 lakh in July to 6.70 lakh in August
Special fixed deposit scheme for senior citizens. (HT)
Photo: iStock
(Photo: Reuters)
An individual qualifying as ROR is taxable on his worldwide income in India and is required to report all foreign assets in the Indian income tax return (ITR)
An individual qualifying as ROR is taxable on his worldwide income in India and is required to report all foreign assets in the Indian income tax return (ITR)

ITR omissions can lead to penal action

  • One must be very careful in reporting foreign assets or income in ITR
  • An RNOR is also not required to report foreign assets and related incomes in the India ITR

The real return on our investment may not be affected to the extent of the fall in interest rates (REUTERS)
The real return on our investment may not be affected to the extent of the fall in interest rates (REUTERS)

It doesn’t always pay to bank on fixed deposit

  • If most of their money is invested in fixed-income securities such as bank deposits and bonds, over time, the returns on these will struggle to beat inflation as rates fall
  • The periodic increase and decrease in interest rates is a key monetary policy measure

How well investors can use the risk-o-meter will depend upon how well they understand the system
(Photo: Reuters)
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