WHAT IS LIABILITY COVERAGE
What Is zero depreciation in car insurance?
Car owners are advised to drive responsibly to save on insurance premiums and claim settlements. The concept of zero depreciation insurance ensures full invoice value payment during claims. This add-on is beneficial for new, luxury, or frequently-driven cars, and those in high-risk areas.
Banks ask RBI to ease liquidity rule to keep credit taps open
Indian banks are urging the industry regulator to relax the current liquidity coverage requirements. They believe easing these mandates will free up more funds for lending.
Valuations of large private banks oblivious to improved earnings outlook: Santanu Chakrabarti, BNP Paribas
Analyst Santanu Chakrabarti from BNP Paribas highlights undervaluation in large private banks despite positive surprises. Despite a strong FY24, largecap private bank stock price performances were mostly muted. The FY26 look-through on earnings growth is expected to be rosier. HDFC Bank is recommended with a target price of Rs 2,470.
Vodafone Idea’s AGR dues to plunge 46% if SC verdict on curative petition is favourable: Analysts
Vodafone Idea's AGR dues may drop by 46% to Rs 38,400 crore with relief on curative petition, analysts say. Vi seeks waiver of penalty component in AGR demand. Payment reduction could provide cash flow relief, but challenges remain with significant payouts ahead. Management hopeful for Supreme Court relief on AGR calculation errors. Financial restructuring and strategic partnerships planned for Vi's future growth.
What should be the criteria for selecting the right kind of term plan? Dinesh Dilip Bhoi answers
There are chances of some sickness coming up or some disease coming up in the future which might hamper the person to take a life plan or which might increase, there would be a loading on his premiums with the premiums would get higher and higher and build a hole in his pocket.
Another bank in crisis: RBI stops customers from withdrawing money; what are your rights as depositors if your bank fails?
What happens to your money if a bank fails in India? The Reserve Bank of India (RBI) has imposed restrictions on Shirpur Merchants' Co-operative Bank amid its worsening financial health. The most significant restriction? A freeze on customer withdrawals. The RBI has previously imposed similar curbs on troubled lenders like PMC Bank. But what recourse do depositors have when their bank hits a rough patch? And what should customers of Shirpur Merchants' Co-operative Bank do now? ET Wealth Online answers these critical questions.
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HDFC Ergo Paws n Claws pet insurance cover: Who can purchase, what is covered, what is not, premium, duration
HDFC ERGO's Paws n Claws offers end-to-end pet care, encompassing everything from diagnostics to procedures and medications, guaranteeing thorough coverage. The cover extends the flexibility to insure up to 5 pets under a single policy, with a provision for commercial breeders who can insure up to 10 pets aged between six months to five years, and renew the policy for up to 8 years.
Understanding liability in vehicle insurance: What car and bike owners should know
Choosing the right vehicle insurance in India involves understanding liability coverage, comprehensive plans, and exclusions. ACKO provides tailored coverage, add-ons, and competitive pricing for comprehensive protection and peace of mind.
Unveiling Underinsurance: Not just portfolio but insurance coverage matters in house, motor and health
We are not wired to see risks, which makes us undermine various risks we are exposed to. So, people often think that if I don’t raise a claim at some point in time, then what is the use of insurance?
Budget Basics: What does the govt spend on? The politics and economy of expenditure
The budget will include both capital and revenue expenditures, impacting the economy and potentially favoring certain regions or social groups. Capital expenditure is crucial for economic growth, while welfare schemes can support consumption and boost sectors. However, the government may need to rein in capital expenditure due to the pandemic's impact on the fiscal deficit.
What Interim budget can do to bring money from NRIs back to India
The interim budget for 2024 is expected to revolutionize India's economic landscape and address the challenges faced by NRIs. It will prioritize opportunities to boost economic growth and reduce the tax burden for NRIs. The budget is anticipated to simplify the Tax Deduction at Source (TDS) compliance process for NRIs, making it similar to that of resident sellers.
India's first corporate credit card on RuPay network launched; UPI transactions & lifetime free and more
IndusInd Bank claims to be the first bank in India to launch a corporate credit card on unified payment interface (UPI) network. This card can also be used for linking with an supporting UPI app and also offers both domestic and international airport lounge benefits. Check here for details about this RuPay credit card.
What is travel medical insurance for Indians studying abroad & how to go about it
Insurance companies are launching international student insurance covers for Indian students studying abroad. These hybrid policies combine both travel and inpatient health insurance benefits, as well as transit and travel risks like baggage and document risks. Such policies can cost five to six times more if bought abroad, as health insurance in India is far cheaper. Popular plans include the Tata AIG Student Travel Guard, Bajaj Allianz Student Elite Plan, Royal Sundaram Travel Secure Student Plan and Care Health Student Explore Plus.
What’s driving growth for Chola Investment? CFO Arul Selvan answers
Chola Investment & Fin's President & CFO, Arul Selvan, says that the asset quality for Q1 will deteriorate slightly as collection efforts were high due to end-of-year activities in Q4. However, Chola Investment AUM has seen healthy growth across all verticals, especially vehicle finance and SME business. The cost of funds is expected to moderate going forward, and the new rate book for vehicle finance will take at least three to four quarters to reflect the new rates. Despite provisions tripling, the asset quality is performing much better than pre-COVID on a quarter-on-quarter basis.
What are card protection plans? Kanishka Gadi explains
Card protection plans have been in vogue from a very, very long time now but as you rightly said that not many people understand what are the kinds of coverages that they should be taking and what is the kind of protection that they should be having.
What type of covers come under home insurance? Vivek Chaturvedi explains
If you are the owner of the house and you are staying in the house, you would want to take both. You may want to take a comprehensive cover which covers both the content and structure/ fixtures of the house. So both the things are possible. People can choose what they want to choose depending upon what is the requirement of the person.
Learn with ETMarkets: Remember Silicon Valley Bank? Here’s why you should know about Liquidity Coverage Ratio (LCR)
In the aftermath of this turbulent episode, investors have become increasingly vigilant. They are actively seeking ways to analyse a bank's liquidity and want to ensure its ability to withstand adverse situations.
How to trade Bandhan Bank shares after Q4 earnings? Here's what brokerages say
Bandhan Bank's Q4FY23 showed improved asset quality leading several top brokerages to maintain their buy rating and forecasting short-term upside. Jefferies has kept its buy rating on the stock with a target price of Rs 340, while Kotak Institutional Equities has raised its target to Rs 280. Bank of America has a neutral stance with a target price of Rs 280, and Motilal Oswal reiterated their neutral rating with a target price of Rs 265. HDFC Securities has suggested adding the stock, with a revised target price of Rs 270.
Is your bank safe? Global banking system is facing a crisis. Find out what this means for you
In today’s interconnected financial world, a contagion can spread very fast. Depositors must remain vigilant and assess if their money is safe. In this week’s cover story, we assess the threat to India’s banks and tell you how to spot warning signs.
Gurmeet Chadha on why betting on midcap banks & NBFCs makes sense
“We also like some industrials and manufacturing plays in the midcap space, in defence, in textiles and partially in industrial gases. We track this very closely and we are also tracking some NBFCs which have been a little out of favour because the market believes that the cost of borrowing for NBFCs is up and banks have an advantage but there are some NBFCs like Poonawalla where we are seeing the cost of borrowings drop by almost 2.5%.”
Budget 2023 wishlist: What investors, consumers and taxpayers want in the coming budget
Though it will be difficult for the government to give out too many tax sops, ET Wealth believes there are some areas that need fixing. For instance, the Rs.1.5 lakh deduction limit under Section 80C was last revised more than eight years ago in 2014. For many Indians, tax saving is a key driver of investments. But the stagnant Section 80C deduction limit means they have not seen any reason to save more.
LIC MD on what one licence for all insurance businesses will mean for the insurer
“I believe that with the entry of new players, the market will further deepen, coupled with the fact that India is a growth story for the world itself. As the incomes are rising, the premium will go further up. Everybody has a space to play and to benefit from this market which is expanding very fast.”
Nifty finds no buyers at lower levels. What investors should do on Tuesday
A long bear candle was formed on the daily chart, which chart readers say indicate a sharp down-trended movement in the market. Nifty’s biggest support will be at 16,907, while 17,166 could be the resistance in the near term.
Why do small businesses need insurance urgently?
Lack of awareness, coupled with thin margins, makes insurance a low priority, and business owners often neglect insurances the law does not mandate.
How to insure your pet: Product to choose, what is not covered, when to get
Pet insurance aims to provide financial security to the pet owner for the pet’s vet expenses, hospitalisation expenses, etc.
What will HDFC-HDFC Bank merger mean for shareholders? Keki Mistry and Sashidhar Jagdishan explain
“Lower cost of funds will be made available for the mortgage business. The bank will have access to the time tested mortgage origination and loan servicing processes of HDFC. The mortgage business has immense potential and hence the merger will help the group enhance its market share consequent to further leveraging on the distribution network of HDFC Bank.”
What it was like to work for Russian state television
RT America officially began in 2014, but like most basic information about the network - its ownership, editorial leadership, audience size and budget - the details are fuzzy. It was the outgrowth of Russia Today, a state-owned English-language television network established in 2005.
What percentage of deposits with SBI are fully insured under DICGC?
As per the current laws, bank deposits are covered up to Rs 5 lakh per depositor per bank under the DICGC Act, 1961. The limit was raised from Rs 1 lakh to Rs 5 lakh in the Union Budget 2020.
What Q3 updates suggest about this Jhunjhunwala banking bet?
Motilal Oswal Securities expects Federal Bank to report an improvement in margin for the quarter
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