The Economic Times
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| 23 September, 2020, 06:30 AM IST | E-Paper

    Personal Finance News

    Wealth management during crisis

    AUM of funds linked to SIP at record high despite moderating inflows

    ​On the year-to-date basis, the SIP AUM increased by 6.1% till August thanks to capital appreciation and fresh inflow, albeit at a lower pace. The total MF AUM rose by 3.5% during the period.

    SBI Life inks pact with Yes Bank to sell insurance policies

    As part of the partnership, SBI Life's diverse range of individual and group insurance solutions will be offered to the customers of Yes Bank through the bank's branches spread across 28 states and 8 Union Territories in India.

    Google Pay, Visa partner for card-based payments with tokenisation

    The feature will also facilitate use of tap-to-pay feature on near-field communications (NFC)-enabled point of sale (PoS) terminals and online merchants.

    Bank FDs may soon cease to act as collateral in stock market

    Concerns over the legal enforceability of liquidating bank FDs in the event of non-payment of dues by investors have prompted clearing corporations to consider this move.

    How gold, silver performed for the week ending on September 17, 2020

    How gold, silver performed for the week ending on September 17, 2020

    Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and silver have performed. This will give i

    View: Put depositors first. Relief to borrowers not at their cost

    Bank depositors are typically the most risk averse — the retired earning monthly income from deposits, or those saving for the future or simply keeping savings safe in banks till it’s needed. Denying interest to crores of such depositors to benefit a few lakh borrowers, as the RBI governor said, can cause immense misery.

    EPFO records 8.45 lakh new enrolments in July

    Provisional payroll data last month had shown that net new enrolments stood at 6.55 lakh in June this year. The figure has now been revised down to 4,82,352. The net enrolments with the Employees' Provident Fund Organisation (EPFO) had dropped to 5.72 lakh in March 2020 from 10.21 lakh in February, according to the payroll data released in May.

    Reserve Bank of India looks to sort out e-KYC matter for non-bank lenders

    The government has been hesitant to give non-banks entities the access to the Unique Identification Authority of India’s (UIDAI) database following the complaints of misuse of it

    No decision to discontinue printing of Rs 2000 note: FinMin

    In a written reply, Minister of State for Finance Anurag Thakur said printing of bank notes of particular denomination is decided by the government in consultation with the RBI to maintain desired denomination mix for facilitating transactional demand of public.

    Contributions to National Pension System grow 6 per cent in Q1; more join up

    Contributions to National Pension System grow 6 per cent in Q1; more join up

    The scheme also increased its subscriber base by 1.5% to 35 million, up from 34.5 million as of March end, with maximum additions under the Atal Pen

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