finance – THE ECONOMIC INDIA

11 Feb

A 2,124-Year Insurance Policy Triggers RBI Action, and the Launch of NYVO

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New Delhi [India], February 10: A nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man. The annual premium was ₹2 lakh. The maturity date of the policy was the year 2124. This was not a hypothetical case or an isolated error, it happened. The Reserve Bank of India has since taken note. In its February 2026 policy statement, the RBI proposed comprehensive guidelines to curb mis-selling by banks, including mandatory suitability assessments and stronger accountability for staff. The issue has grown too large to ignore. But regulation alone will not fix it. What families truly need…

09 Feb

SHARES CLAIM DOST Simplifies IEPF Claim Refund and Share Recovery Process for Investors

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New Delhi [India], February 07: SHARES CLAIM DOST, a specialised financial facilitation service, is helping investors across India recover, dematerialise and reclaim long-forgotten investments, with a strong focus on IEPF claim refund services. As India’s capital markets have moved fully into the digital era, many investors and families still hold old physical share certificates or have unclaimed dividends and shares transferred to the Investor Education and Protection Fund (IEPF) due to prolonged inactivity. The organisation aims to bridge this gap by offering structured assistance to help investors regain access to their rightful financial assets. Over the years, several investors accumulated…

04 Feb

Union Budget 2026: A Quiet Shift from Numbers to Nation-Building

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The Union Budget 2026 has seen mixed reactions from various sources. As a finance entrepreneur Girish Lakhotiya explains what you should know about the annual exercise. Simply put, the Union Budget is the government’s annual plan. It explains how money will be raised – through taxes and borrowings and how it will be spent for the welfare of citizens. In India, the word “Budget” is familiar to everyone. For decades, it was an event people waited for eagerly. What will become cheaper? What will become costlier? Who gains and who loses? From the middle class to large business houses, the…

16 Jan

PNB MetLife Launches Dividend Leaders Index Fund: A Disciplined Way to Invest in Consistent Cash Flow Generators

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New Delhi [India], January 16: Dividend-led investing has emerged as a disciplined equity strategy for investors seeking stability alongside long-term growth. Companies that consistently distribute dividends often demonstrate strong governance, resilient cash flows, and prudent capital allocation. In volatile market environments, such attributes can add a layer of balance to equity portfolios. For investors seeking a rules-based approach to investing in high dividend yield companies, PNB MetLife has launched the PNB MetLife Dividend Leaders Index Fund at an initial Net Asset Value (NAV) of ₹10. This new fund launch is available for a limited period and offers structured exposure to the BSE 500…

08 Jan

IDFC First Bank Slashes Savings Account Rates, Caps Peak Returns at 6.5%

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Mumbai (Maharashtra) [India], January 8: IDFC First Bank has quietly but decisively pulled back on savings account generosity. From January 9, depositors will earn less across several balance slabs, with cuts running as deep as 200 basis points. IDFC First Bank has revised its savings account interest rates, trimming returns across multiple balance slabs and resetting expectations for depositors who had grown used to market-leading yields. The changes apply from January 9 and cover domestic, NRE, and NRO savings accounts. This is not a cosmetic tweak. In certain slabs, the reduction touches 200 basis points. The bank’s earlier rate structure…

03 Jan

IDV in Bike Insurance: Why Insured Declared Value Matters for Your Two-Wheeler

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Mumbai (Maharashtra) [India], January 3: A two-wheeler often keeps daily life on track, so theft or a major accident can quickly become a financial shock. Insured Declared Value, or IDV, is the figure that anchors the vehicle’s insured worth in the policy. In bike insurance, IDV is agreed for the policy term, and it influences how a total loss or theft settlement may be assessed. This blog explains what IDV means, how it is calculated, and what to watch during renewal or policy transfer. What is IDV in Bike Insurance? IDV is the value of the insured two-wheeler declared by…

19 Dec

Stocks to Buy for 2026: 5 Powerful Picks With 30% Upside?

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Mumbai (Maharashtra) [India], December 19: Looking ahead to 2026, brokerages are not sitting on the fence. From power to logistics, real estate to defence electronics, several Indian stocks are being flagged for meaningful one-year upside. The market loves drama. But brokerages love numbers. And right now, the numbers are pointing to a handful of stocks to buy for 2026 that offer a clean risk–reward setup without heroic assumptions. Across sectors, analysts are lining up Buy calls, backed by clear targets and defined upside. No hype. No vague promises. Just cold, hard expectations. Here’s a closer look at five stocks that…

16 Dec

RBI Approves Name Change of The Kaira District Central Cooperative Bank LTD to the Kheda District Central Cooperative Bank Limited

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Kheda (Gujarat) [India], December 15: The Reserve Bank of India (RBI) has officially approved the renaming of Kaira District Cooperative Bank to Kheda District Central Cooperative Bank Limited, effective 27 June 2025. This landmark approval has granted the bank’s management committee and cooperative leaders their 37-year-long demand, thus marking an administrative, cultural, and emotional milestone of great significance for the people of Kheda. The new name is an embodiment of Kheda’s deep historical and cultural significance, a district that played a key role in India’s cooperative movement and freedom struggle. Kheda is also the birthplace of Sardar Vallabhbhai Patel, India’s…

04 Dec

Car Insurance Premiums Likely to Rise on Reinsurance Costs: A Brief Account

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Mumbai (Maharashtra) [India], December 4: Vehicle insurance premiums are expected to rise as insurers face higher reinsurance costs. Reinsurance assists insurance firms in managing major and unforeseen claims by distributing the risk with international partners. As the charges are raised by these international partners, the insurers tend to transfer the increment to the customers. As reinsurance is being driven high because of extreme weather losses, inflation and pressure on economies, car owners may have to pay a higher amount of their premiums. In this aspect, we’ll discuss the role of reinsurance in car insurance and how to navigate this increasing premium landscape.…

20 Nov

PPFAS Mutual Fund to host 12th Unitholders’ Meet on 22nd November 2025

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Mumbai (Maharashtra) [India], November 20: PPFAS Mutual Fund will host its 12th Unitholders’ Meet on 22 November 2025 at 4 PM in Mumbai. This annual meet provides an exclusive platform for investors and distributors to interact with the Fund Management team, gain insights into the Fund’s performance, and understand the investment philosophy of PPFAS Mutual Fund. Neil Parag Parikh, Chairman and CEO, along with the Chief Investment Officers and Fund Managers, will address the attendees and share valuable insights on the Fund’s strategic approach, market outlook and plans. The event will also be live-streamed on YouTube. https://amc.ppfas.com/agm/agm-2025/ “The Unitholders’ Meet has…