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Elderly Mis-selling Sparks RBI Crackdown on Bank Insurance Sales
2+ mon, 1+ day ago (463+ words) An alleged mis-selling incident involving a 90-year-old customer at Canara Bank, with a life insurance policy carrying an unusually long maturity date of 2124, has intensified scrutiny on bancassurance practices. The Reserve Bank of India is preparing comprehensive guidelines to address…...
Budget 2026: Experts Demand Home Loan, Health Cover in New Tax Regime
2+ mon, 2+ week ago (250+ words) Whalesbook Medical inflation in India, projected at 11. 5%-14% annually, is placing significant pressure on household finances This escalating cost fuels a strong demand for tax relief measures in the upcoming Union Budget 2026 Experts argue that the current new tax regime, while…...
Canara Bank Raises FD Rates: Senior Citizens Gain Most from Special 555-Day Deposit
2+ mon, 4+ week ago (229+ words) Canara Bank has revised its fixed deposit interest rates, offering senior citizens the highest callable rate of 7% on its 555-day deposit, effective January 5, 2026. This move, along with similar adjustments by Bank of Baroda and Bank of Maharashtra, aims to attract…...
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