Consumer RightsExpense AccountMutual FundsPersonal FinanceApril 26, 2016by Monika Halan1RBI wants banks to hive off advice. Long shot, won’t work
RBI finally moves on mis-selling. Too little, too late.
Expense Account, Mint I’m talking to an old friend. The conversation veers around to ageing parents and he speaks of the difficulty in talking to his 80-year-old father about end-of-life choices, putting his assets in order and writing a will. Over the past decade-and-a-half he says he’s been through various stages—indifference (this will sort itself...
Expense AccountJuly 10, 2013by Monika Halan0Overdue RBI wealth management guidelines low on deterrence
Expense Account, Mint The Reserve Bank of India’s (RBI) long overdue guidelines on wealth management and distribution of financial products such as insurance policies and mutual funds by banks were uploaded on its website on 28 June. The guidelines can be accessed here:http://bit.ly/11xD6DZ and comments sent to the RBI till the end of July. The final...
Expense Account, Mint OK. So there is one more acronym to remember and deal with. Jostling for space with PAN, KYC and UID is a newly born creature. Meet the little fledgling—it’s called the EUIN or the Employee Unique Identification Number. When it grows up, it will cover the three million sellers of financial products...
Expense Account, Mint If you drive down from Chennai to Pondicherry, it is not unusual to see a furry, beaked head poking out over a high wall, looking quizzically at the world go by the yard in which it lives. The six-feet bird came as an import from Australia and, unknowingly, became a part of...
Expense Account, Mint It is almost as if the seething Indian aam admi is finding one more thing to get furious about—there has been a string of financial sector failures in the past few years that have directly affected the wallets of the average Indian. While the telecom and the VIP helicopter scandals add to...
Expense Account, Mint Sixteen years ago, when I switched jobs from the leader in daily business news to join a start-up magazine that aimed to help average middle-class people manage their money, there was more than one comment on the foolhardiness of doing this. Business journalism was corporate-facing and personal finance as a genre did...
Expense Account, Mint Because much of policymaking in India is about lobbying power, we see some strange outcomes. Take the draft bancassurance guidelines, for example, that lay down the rules of bank tie-ups for insurance companies. The weird spectrum-like allocation of banks to insurance companies is a classic example of a compromise that benefits no...
Expense Account, Mint What do you expect your mutual fund to do? It is worth asking and answering this question as we carry out Mint Money’s biannual exercise of examining Mint50—the portfolio of investment-worthy funds that the Mint Money team curates. A quick word on why we do this. Indian households have a high savings rate but most...
Expense Account, Mint In the market for a TV, I checked out all the vendors nearby. In the Sony and Samsung showrooms I got the Sony and Samsung TVs. In Croma, I got a variety of brands. On one TV it said Croma. That was the in-house brand which was cheaper than the other branded...