In fact, bancassurance sales incentives can strongly influence product recommendations, with staff often prioritising high-commission policies over genuine customer needs. Sample this: Jeet Singh Bisht, a 74- year-old Delhi-based retired businessman and customer of a small finance bank, experienced this first-hand. He was persuaded by the lender’s team to buy two investment-cum-insurance policies, under a…
From October 1, 2025, the National Payments Corporation of India (NPCI) has banned UPI peer-to-peer (P2P) Collect transactions. The collect transaction feature enabled the UPI users to seek money from other individuals via UPI. Earlier meant to introduce convenience, for example, to remind friends about due repayments or splitting bills, this has lately been often abused…
Income Tax Return: Filing income tax returns (ITR) is a crucial financial task every year. It is not just a legal obligation but also an important part of handling your finances. For salaried individuals, ITR filing offers a chance to accurately report income, claim deductions they qualify for, and get refunds for any overpaid taxes….
As the country looks forward to celebrating its 79th Independence Day 2025, it is an opportune time for citizens to plan efficiently and take control of their personal finances. The focus should be on building a secure financial foundation for yourself and your entire family. Financial independence not only promotes individual growth and stability but…
Recent company earnings are not painting a very rosy picture of the economy. While some lenders are seeing weaker loan growth, others are seeing higher credit losses. Equities, too, lack momentum, while interest rates appear near the bottom of the cycle. The days of easier capital gains-driven returns have passed, pushing yield-seeking investors toward credit…
The cryptocurrency faithful are having quite a moment. Donald Trump’s return to the White House has brought a veritable cornucopia of pro-crypto promises, from talk of a “Strategic Bitcoin Reserve” to declarations about making America the “crypto capital of the world.” Markets have reacted predictably: Bitcoin has surged past previous highs, and believers are treating…
In its latest report, the Reserve Bank of India (RBI) has flagged some concerns relating to the impact of artificial intelligence on the world of finance. The report says that automation can potentially amplify faults across high-volume transactions. For example, an AI-powered fraud detection system that incorrectly flags legitimate transactions as suspicious or fails to detect…
ITR filing: With the last date to file income tax returns for AY 2025–26 approaching, several taxpayers may face delays or encounter issues while filing. Even though filing returns on time is crucial, the timely processing of refunds depends on several factors. Why is my ITR refund getting delayed? Here are the most common reasons…
For most investors, amassing wealth to meet their goals is important, be it increasing your net worth, creating a good retirement fund, funding your or your children’s education, building a wedding fund, and more. However, most may not know where to begin, or how. To guide in this, we bring you a simple do-it-yourself (DIY)…
The government has responded to a question on whether or not central government employees and pensioners will get their three instalments of Dearness Allowance (DA) and arrears frozen during Covid-19, saying that it was “not feasible”. Answering a question at the Lok Sabha on August 11 regarding the roll out of three instalments of arrears…
