Easy access to digital credit is making borrowing feel routine for young Indians, raising concerns that everyday lifestyle spending could erode long-term investment discipline. At a Business Standard Smart Investor Arena discussion, Chartered Accountant and content creator Sakchi Jain argued…
A Bengaluru court has ordered City Union Bank to repay Rs 16.42 lakh to a 65-year-old borrower and pay Rs 3 lakh compensation after finding it had overcollected funds through errors in calculating his loan account. A Bengaluru civil court…
Police are examining complaints that fixed deposits belonging to customers at PNB’s Aicher village branch were broken without consent, with investigators probing possible employee involvement and the movement of funds. A major alleged fraud at Punjab National Bank’s branch in…
PFRDA chairperson S Ramann says NPS should be plugged into employer payrolls alongside Employees’ Provident Fund contributions as the regulator seeks to expand coverage and unlock pension capital for infrastructure. Pension Fund Regulatory and Development Authority chairperson S Ramann has…
Higher rates at small finance banks can add nearly Rs 19,000 to a Rs 5 lakh two-year deposit, but tenure, tax, early-withdrawal penalties and the DICGC insurance limit should guide the choice. For savers weighing where to park money in…
Shriram Finance, Mahindra Finance and Bajaj Finance are slowing lending and intensifying collections in drought-hit districts as poor rainfall threatens farm incomes and loan repayments. India’s biggest non-banking financial companies are becoming more selective in rural markets as a weak…
Personal details are not updated automatically on credit files. Borrowers must alert each lender, complete re-KYC and check their report for mismatched information. A change of name, address or mobile number may seem like a routine administrative update, but credit…
A consumer commission has directed a credit co-operative society to return a 66-year-old woman’s Rs 3 lakh fixed deposit with 9.5% annual interest, plus Rs 35,000 in compensation and costs. A Bengaluru consumer panel has ordered a credit co-operative society…
PhonePe users can now open an NPS account in the app using existing bank-verified KYC, with the Tatkal facility also rolling out on BHIM. PhonePe has begun offering a digital route into India’s National Pension System, allowing users to open…
A search for customer support after a damaged curd delivery allegedly led a Bengaluru homemaker to a fake WhatsApp refund process and a Rs 98,000 loss. A Bengaluru homemaker has reportedly lost Rs 98,000 after trying to claim a refund…
When an NPS Vatsalya subscriber turns 18, parental control ends and fresh KYC is required, with the account eligible for continuation, deferment or exit under rules linked to the corpus size. The NPS Vatsalya scheme, designed by the Pension Fund…
The renewed package includes up to Rs 10 lakh for accidental death, hospital and family health cover, maternity benefits and 24-hour teleconsultations. Swiggy has renewed its insurance programme for delivery partners, extending a package of accident, hospital and family health…
