The Insurance Ombudsman Scheme which was part of the July 2021 issue here continues with General Insurance. As you know the insurance ombudsman has a role to settle the dispute between Complainant and Insurer by the process of effective mediation. However, we have seen that after the order of the ombudsman, the insurer failed at […]

Personal loan is a loan which can be availed for any personal purpose such as home renovation, wedding, medical emergencies, travelling, debt repayment etc. without any security or collateral. The terms quick disbursal, minimum documentation, zero restriction on end-use of loan proceeds and minimum collateral requirement make personal loan an easy and ideal way of […]

Housing Development Finance Corporation mostly known as HDFC Bank is one of India’s leading private banks and was amongst the first to receive ‘in principle’ approval from Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI’s liberalization of the Indian Banking Industry in 1994. As […]

The Insurance Ombudsman was created by the Government of India in November, 1998 with the purpose of quick disposal of the grievances of the insured customers and to mitigate their problems involved in redressal of those grievances. There are at present 17 Insurance Ombudsman in different locations and any person who has a grievance against […]

Are you looking for health insurance coverage in India? If that’s the case, you should know that there are various health insurance options available. Your specific needs and financial situation determine the type of health insurance coverage you should pick. We’ll go over ten things to consider before buying health insurance in India in this […]

Brief History of State Bank of India India’s banking growth has been split into many stages. From the year 1806 until the year 1806 A.D., The second era of banking growth began around 1860. During the early stages of this stage, three Presidency banks were established by private stockholders at various times. On June 2, […]

Indian banking sector has always proved to be a vibrant and important sector in the Indian economy. There has been amazing growth in profits in our banking industry over the last two decades. The banking sector index has grown at a compounded annual rate of 51% since the year 2001. However, several private banks have […]

The minimum age of a person should not be less than 35 years and not more than 70 years any time during the tenure. Issuing the guidelines for appointment of MDs and WTDs, the RBI said MPs, MLAs and representatives of municipal corporations will not be eligible to hold such positions in the primary urban […]

Bank Ombudsman is a judicial authority functioning under India’s Banking Ombudsman Scheme, 2006. This was launched to address the customer’s issue regarding banking service. The Banking Ombudsman is an official who has been granted a duty to investigate the complaints, and allegations made by customers against the banks, with respect to maladministration and unlawful practices […]

Fuel in India has never been cheap, at least the one for automotives. But the recent tax-driven hikes ruin the benefit of affordable mobility in the world’s largest small car market which has perhaps the most fuel-efficient cars in the world. The government needs to understand the advantages of affordable fuel as the country is […]