Gold

Hallmarking to be made mandatory for gold jewellery soon

The hallmarking of gold is voluntary in nature at present

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Mutual Funds

Motilal Oswal AMC reduces TER of its MF schemes

Motilal Oswal Mutual Fund announced the revised total expense ratio (TER) of its schemes

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Banking

ICICI Bank announces increase in fixed deposit interest rates

Effective from November 15, 2018, the rate hike is applicable across various tenors for domestic term-deposits

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Mutual Funds

SIP inflows into MFs increase to Rs7,985 crore in October 2018

Retail investors have continued to remain buoyant with SIP (Systematic Investment Plan) inflows into mutual funds (MFs) reaching to Rs7,985 crore in...

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Mutual Funds

Mutual funds report large inflow of investors’ funds in October 2018

This is even as there was a correction in equity markets

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Other Insurance

Insurance companies cannot be held liable to pay compensation to those who travel in goods carriers, says Madras High Court

The bench gave the ruling while passing orders on a batch of appeals from Bharati AXA General Insurance Company Limited in Bengaluru

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Cards

Canara Bank fails to recover dues from credit card customer

Canara Bank has failed to prove that the person had applied for the credit card in the first place

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Consumer Issues

1 In 5 Customers received a fake product from an e-commerce site during past 6 months

One in every five customers did receive fake products in the past six months, reveals a survey

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Gold

Digital payments companies see bumper transactions in consumer demand for gold

Payments companies have recorded a strong show in transactions and, at the same time, seen a wide adoption of digital gold

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Banking

Payment Ombudsman proposed by RBI

Establish an ombudsman for digital payments by March to take the load off the increasing number of complaints currently being handled by the banking...

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