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CARD MEMBER TERMS and CONDITIONS Note: for Terms and Conditions Pertaining to the Paytm Credit Card by Citi Please Refer Page 67 Onwards
CARD MEMBER TERMS AND CONDITIONS Note: For Terms and conditions pertaining to the Paytm Credit Card by Citi please refer page 67 onwards. 1. Definitions 1.1 ‘Account’ or ‘Card member’s Account’ shall, depending on the context used, mean any account of a Card member with Citibank, including a Credit Card account, savings account, current account, fixed deposit account or a loan/overdraft account. 1.2 ‘Application’ shall mean an application for a credit/charge card by the applicant or Card member to the Bank through various modes of applying, including but not limited to, duly signed and filled physical card application form, tele-application (over a recorded phone line) or electronic medium (Internet/email). 1.3 ‘Authorized Dealer’ will have the same definition as mentioned in the Foreign Exchange Management Act, 1999. 1.4 ‘Citibank’ or ‘Bank’ shall mean Citibank, N.A., a national banking association duly constituted, registered and in existence in accordance with the laws of the United States of America now in force and having its Head Office at 399 Park Avenue, Borough of Manhattan, City of New York, and having offices throughout India, and who is the proprietor of the Credit/Charge Card. 1.5 ‘Credit/Charge Card’ or ‘Card’ or ‘International Card’ shall mean a MasterCard/Visa Card or any Co-branded or Affinity Card issued by Citibank to its Card members and includes any Agency Card issued by Citibank for and on behalf of any banking or financial services entity. 1.6 ‘International / Foreign Currency Transactions’ mean the transactions entered into by the Card member on his internationally valid Credit/Charge Card outside of India, Nepal and Bhutan. -
Citibank Investment Services Account
Terms and conditions pertaining to the Citibank Investment Services Account Glossary of accounts referenced in this document: Account type Definition Bank account Bank account opened by the Customer with the Bank in acceptance of the Citibank Terms and Conditions and would be a domestic liability account offered by Citibank in India, as more particularly described in the Citibank account opening documentation. Investment Services Account The investment services are offered through a holding account that acts as a recordkeeping mechanism. The investment services account represents all investments made by the client through Citibank. The terms and conditions governing the investment services account are described in the document below. Recommended Account As per the Bank’s internal policy, all Investment Services Accounts shall be classified as a “Recommended” Account. In a Recommended Account Relationship, the Bank may recommend 0 2 certain investment products to the customer, however the final investment decision shall be solely of the Customer. 09- / /WPC SCOPE OF SERVICES Citibank, N.A.(“Citibank”) provides investment services (i) on referral basis and/or (ii) as a distributor of third party GREEMENT Investment products (shortly referred as ‘investment products’). Citibank does NOT provide investment advisory services S A in any manner or form. VICE Citibank does in terms of this Investment Services Account provide to its Customer(s) inter-alia the following services in third party investment products:- /INV SER a. Distribution Services 0 b. Referral Services VER 1. (herein-after collectively referred to as “the Services”). The Customer agrees that the provision of the aforesaid Services shall be governed by the terms and conditions as contained herein and as may be amended from time to time. -
Unified Payments Interface - Terms & Conditions
Unified Payments Interface - Terms & Conditions Item No. Section Amended Amended Date Version No. Description of Change Terms & Terms and Conditions for use of UPI on 3rd 1 Aug 3, 2017 1.0 Conditions Party UPI Apps. Terms & Modified to include Terms related to use of 2 Sep 28, 2018 2.0 Conditions UPI on the Citi Mobile App. Terms & Added clause 37 and 38 based on 3 Jun 6, 2019 3.0 Conditions compliance requirements. Terms & Added clauses under section 39 covering 4 Jun 19, 2019 4.0 Conditions UPI Mandates. Terms & Added clauses under section 40 covering 5 Jun 21, 2021 5.0 Conditions Online Dispute Resolution. These Terms and Conditions shall be applicable to all transactions initiated by the User vide the Unified Payments Interface, as defined herein below, through Citibank, N.A., for the purpose of transfer of funds and any other services added afterwards. Before usage of the “Unified Payments Interface”, all User(s) are advised to carefully read and understand these Terms and Conditions. Usage of the Unified Payment Interface by the User(s) shall be construed as deemed acceptance of these Terms and Conditions, mentioned herein below. 1. Definitions: In this document the following words and phrases have the meanings set opposite them unless the context indicates otherwise: i. “Account(s)” refers to the domestic savings or current bank account(s) held and maintained with Citibank. ii. “Citibank” shall mean Citibank, N.A., a national banking association duly constituted, registered and in existence in accordance with the laws of the United States of America now in force and having its Head Office at First International Financial Centre, G Block, Bandra-Kurla Complex, Bandra East, Mumbai - 400098, and having offices throughout India. -
Bajaj Finserv (BAFINS)
Bajaj Finserv (BAFINS) CMP: | 11000 Target: | 11500 (5%) Target Period: 12 months HOLD April 30, 2021 Gradual revival in finance; insurance picks pace Bajaj Finserv reported a mixed performance with a gradual pick-up in lending business and robust growth in life insurance while general insurance momentum was slower. Consolidated topline grew 15.7% YoY to | 15387 crore, led by improved traction in insurance business, partially offset by moderation in lending business. Consolidated earnings increased 4x YoY to | 980 crore with improvement in all segments. Particulars Consolidated AUM witnessed QoQ growth of 4% YoY to | 152947 crore, led Particular Amount by mortgages. NII remained broadly flat YoY at | 4,659 crore. Lower Market Update Result | 176612 crore provision at | 1230 crore led to higher earnings at | 1346 crore, up 42% YoY Capitalization and 18% QoQ. Asset quality has synced with proforma GNPA, NNPA by Q4 Net worth | 35830 crore reaching at 1.79%, 0.75% (post ~| 2000 crore i.e. 1.3% write-off in Q4) from 52 week H/L (|) 11299 /3986 proforma GNPA, NNPA of 2.86%, 1.22%, respectively, in Q3FY21. Face value | 5 Gross written premium (GWP) in general insurance increased 5% YoY to DII Holding (%) 6.1 | 2787 crore. Excluding crop insurance, GWP increased 10% YoY to | 2663 FII Holding (%) 9.1 crore. The 2-W, 4-W saw healthy growth at 21.4%, 27.9%, respectively, but CV business (especially passenger CV) remains muted with de-growth of Key Highlights 2%. Growth in retail health business moderates. Stance on group health insurance still continues to remain cautious. -
Model Portfolio Update
Model Portfolio update January 21, 2016 LatestDeal Team Model – PortfolioAt Your Service Large cap Midcap Name of the company Weightage(%) Name of the company Weightage(%) Auto 14 Aviation 6 Tata Motor DVR 4 Interglobe Aviation 6 Bosch 3 Auto 6 Maruti 4 Bharat Forge 6 EICHER Motors 3 BFSI 6 BFSI 23 BjjFiBajaj Finserve 6 HDFC Bank 8 Capital Goods 6 Axis Bank 3 HDFC 8 Bharat Electronics 6 Bajaj Finance 4 Cement 6 Capital Goods 5 Ramco Cement 6 L & T 5 Consumer 24 Cement 3 Symphony 6 UltraTech Cement 3 Supreme Ind 6 FMCG/Consumer 14 Kansai Nerolac 6 ITC 7 Pidilite 6 United Spirits 2 FMCG 8 Asian Paints 5 Nestle 8 IT 21 Infrastructure 8 Infosys 10 NBCC 8 TCS 8 Oil & Gas 6 Wipro 3 Meida 2 CtlCastrol 6 Zee Entertainment 2 Logistics 6 Metal 2 Container Corporation of India 6 Tata Steel 2 Pharma 12 Oil & Gas 4 Natco Pharma 6 Reliance Industries 4 Torrent Pharma 6 Pharma 12 Textile 6 Lupin 5 Arvind 6 Dr Reddys 4 Total 100 Aurobindo Pharma 3 Total 100 • Exclusion - Eicher Motors, Bajaj Finance (transferred to large cap), PVR, • Exclusion- State Bank of India, Bharti Airtel and ONGC CARE, Cummins & Shree Cement • Inclusion – Eicher Motors, Bajaj Finance (transferred from midcap), Wipro, • Inclusion – Ramco Cement, Bajaj Finserv, Supreme Industries, Indigo, Reliance Industries & Aurobindo Pharma Pidilite, Bharat Electronics and Bharat Forge Source: Bloomberg, ICICIdirect.com Research *Diversified portfolio - Combination of 70% large cap and 30% midcap portfolio OutperformanceDeal Team – At continues Your Service across all portfolios… • Our indicative large cap equity model portfolio (“Quality -20”) has • In the large cap space we continue to remain positive on pharma & IT. -
Bajaj Finserv (BAFINS)
Bajaj Finserv (BAFINS) CMP: | 5983 Target: | 7000 (17%) Target Period: 12 months BUY October 22, 2020 Steady revival & holdco discount remains favourable Bajaj Finserv reported steady traction in its lending business. With slower premium accretion for Bajaj Finserv, consolidated topline was up 5.8% YoY to | 15052 crore, lower compared to earlier run rate, due to moderation in the lending business. While the insurance business witnessed an improvement in earnings, contingent provisioning of | 1370 crore impacted consolidated earnings reported at | 986 crore, down 18% YoY. Particulars Amid lockdown & risk aversion, AUM remained flat at | 137300 crore. Particu lar Am o u n t Subsequently, NII growth came in at 4% YoY to | 4158 crore. Contingent Market C apitalization | 93801 crore Result Update Result provision of | 1370 crore was partially offset by tight cost control, leading to Net worth | 32243 crore 14% YoY growth in operating profit to | 3005 crore. PAT came in at | 965 52 week H/L (|) 10297/3986 crore, down 36% YoY and flat QoQ. Asset quality improved amid standstill E quity capital | 80 C rore classification with GNPA at 1.03% vs 1.4% in Q1FY21. F ace value | 5 DII Holding (% ) 6.8 The pick-up seen in premium accretion in general insurance was at | 4156 FII Holding (% ) 7.7 crore, down 3% YoY. Crop insurance premium broadly stayed flat YoY at | 1759 crore. Non crop premium declined ~6% YoY to | 2397 crore, led by Key Highlights de-growth in CV & two-wheeler due to base effect. Cautious approach led 10% de-growth in group health business though retail health insurance Healthy revival witnessed in insurance increased 28.5% in H1FY21. -
MSCI India Momentum Index (INR) (PRICE)
MSCI India Momentum Index (INR) The MSCI India Momentum Index is based on MSCI India Index, its parent index, which captures large and mid cap stocks of the Indian market. It is designed to reflect the performance of an equity momentum strategy by emphasizing stocks with high price momentum, while maintaining reasonably high trading liquidity, investment capacity and moderate index turnover. CUMULATIVE INDEX PERFORMANCE — PRICE RETURNS (INR) ANNUAL PERFORMANCE (%) (AUG 2006 – AUG 2021) MSCI India Year Momentum MSCI India MSCI India Momentum 2020 4.74 16.84 453.82 MSCI India 2019 14.91 8.46 423.96 2018 -10.28 -0.19 400 2017 47.32 28.68 2016 -1.26 -0.30 2015 -2.59 -2.97 2014 19.60 24.37 2013 9.89 6.93 2012 30.23 27.86 200 2011 -20.90 -26.33 2010 21.67 14.74 2009 68.04 91.51 2008 -62.86 -56.82 50 2007 95.83 52.49 Aug 06 Nov 07 Feb 09 May 10 Aug 11 Nov 12 Feb 14 May 15 Aug 16 Nov 17 Feb 19 May 20 Aug 21 INDEX PERFORMANCE — PRICE RETURNS (%) (AUG 31, 2021) FUNDAMENTALS (AUG 31, 2021) ANNUALIZED Since 1 Mo 3 Mo 1 Yr YTD 3 Yr 5 Yr 10 Yr May 31, 1996 Div Yld (%) P/E P/E Fwd P/BV MSCI India Momentum 12.03 13.69 44.58 29.22 12.27 12.31 12.22 12.31 0.57 36.78 19.56 4.15 MSCI India 8.80 11.41 50.55 24.89 13.10 13.38 11.92 11.25 1.00 31.04 23.31 3.86 INDEX RISK AND RETURN CHARACTERISTICS (MAY 31, 1996 – AUG 31, 2021) ANNUALIZED STD DEV (%) 2 MAXIMUM DRAWDOWN Tracking Turnover Beta Error (%) (%) 1 3 Yr 5 Yr 10 Yr (%) Period YYYY-MM-DD MSCI India Momentum 1.00 10.48 127.60 20.17 18.90 16.61 76.66 2000-02-21—2001-09-21 MSCI India 1.00 0.00 16.96 21.44 18.28 16.70 65.74 2000-02-21—2001-09-21 1 Last 12 months 2 Based on monthly price returns data The MSCI India Momentum Index was launched on Dec 11, 2013. -
A Study on Debit Cards
Dr. Yellaswamy Ambati, International Journal of Research in Management, Economics and Commerce, ISSN 2250-057X, Impact Factor: 6.384, Volume 08 Issue 02, February 2018, Page 248-253 A Study on Debit Cards Dr. Yellaswamy Ambati (Lecturer in Commerce, TS Model Junior College, Jangaon, Warangal, Telangana State, India) Abstract: A Debit Card is a plastic payment card that can be used instead of cash when making purchases. It is also known as a bank card or check card. It is similar to a credit card, but unlike a credit card, the money comes directly from the user's bank account when performing a transaction. Some cards may carry a stored value with which a payment is made, while most relay a message to the cardholder's bank to withdraw funds from a payer's designated bank account. In some cases, the primary account number is assigned exclusively for use on the Internet and there is no physical card. In many countries, the use of debit cards has become so widespread that their volume has overtaken or entirely replaced cheques and, in some instances, cash transactions. The development of debit cards, unlike credit cards and charge cards, has generally been country specific resulting in a number of different systems around the world, which were often incompatible. Since the mid-2000s, a number of initiatives have allowed debit cards issued in one country to be used in other countries and allowed their use for internet and phone purchases. Keywords: Debit Card, Credit Card, ATM, Bank, Master Card I. INTRODUCTION Debit cards are a great way to get more financial freedom without the risk of falling into debt. -
Hdfc Salary Account Opening Documents
Hdfc Salary Account Opening Documents Which Eduard clad so sidelong that Tobiah strangling her neem? Marble and conoid John-Patrick often relent some pipelines banteringly or appreciate abundantly. Extrorse and phytological Troy often mastermind some mosasaur vestigially or fluoridizing poisonously. Timelines mentioned above the total yearly reducing balance in a demat services offers optimum protection all contact support for hdfc account in the company Is allocate a validity period set the SBI FASTag? HDFC Bank Preferred Salary or Loan Against Securities Available a select. Here, also have stock option of cancelling your policy mention penalty if anyone feel like policy process not beneficial. There is a large multinational banking allows individuals who have applied as a time they are responsible to satisfy itself. What rent the tax benefits of home loans? For hdfc savings account opened it will open a guarantor is neither be levied for you acknowledge that is more information document and salaries and beyond saving you? The minimum balance requirement to include a savings choice with HDFC Bank is Rs. Represented general insurance plan throughout the interest rate of shares as may place trades, opening hdfc bank account in opening a savings products from these efforts and. Google may justify your payments related information, they make. Please try playing after sometime. Commerce bank salary is hdfc bank accounts at your documents are opening an individual who will open. Note any documents you have including with your letter. Such Behaviour of Bank employee. Wells Fargo Bayview Branch Ground Zero appeared first on San Francisco Bay View. The cardholder can combine the credit card to withdraw support from ATMs in India and abroad every time. -
Directors Ceased
Bajaj Finserv Limited Note on cessation of Directors due to death or resignation 1. Cessation of directorship of Late Shri S H Khan on account of sad demise Shri S H Khan, an Independent Director of the Company since 2008 passed away on 12 January 2016. He was 77 years old. Shri Khan served on various committees including Audit Committee and the Nomination and Remuneration Committee (Chairman) of the Company. He was also on the boards of other Bajaj Group companies, including the two insurance companies. The Board of Directors of the Company at its meeting held on 3 February 2016 recorded its whole- hearted appreciation of the valuable contribution made by Shri S H Khan during his long tenure as a member of the Board and noted his sad demise. 2. Cessation of directorship of Late Shri Naresh Chandra on account of sad demise Shri Naresh Chandra, an Independent Director of the Company since 11 September 2008, passed away in Goa on 9 July 2017. He was 82 years old. He was a member of the Audit Committee and Chairman of the Nomination and Remuneration Committee. The Board of Directors of the Company at its meeting held on 19 July 2017 recorded its whole- hearted appreciation of the valuable contribution made by Shri Naresh Chandra during his long tenure as a member of the Board and noted his sad demise. 3. Resignation of Shri Rahul Bajaj as a Non-Executive Chairman of the Company Shri Rahul Bajaj, Non-Executive Chairman of the Company, having been at the helm of the Company since its inception in 2007 and the Group for around five decades, as part of succession planning, has expressed his intention to step down as the Non-Executive Chairman of the Company with effect from the conclusion of Board meeting of the Company scheduled on 16 May 2019. -
Leveraging the Fintech Opportunities in India
January 2017 ` ` ` ` Leveraging ` ` ` the FinTech Opportunities in India Financial Foresights Editorial Team Contents Jyoti Vij [email protected] 1. PREFACE . 2 Anshuman Khanna 2. INDUSTRY INSIGHTS . 3 [email protected] n Leveraging FinTech: Digital Payments Gaining Ground in India . 5 Bhaskar Som, Country Head, India Ratings & Research Advisory Services Supriya Bagrawat Soumyajit Niyogi, Associate Director - Credit and Market Research, [email protected] India Ratings & Research Advisory Services n FinTechs in India: Drivers of Digital Banking? . 8 Amit Kumar Tripathi Dr. A. S. Ramasastri, Director, IDBRT [email protected] n The FinTech Revolution - Transforming Financial Services . 11 Kumar Abhishek, Founder & CEO, ToneTag n The New Sector on the Block. 13 About FICCI Mukesh Bubna, Founder & CEO, Monexo n Blockchain and FinTech: A Debate and a Promise. 15 FICCI is the voice of India's Varun Dua, Co-founder & CEO, Coverfox.com Devendra Rane, CTO and Co-founder, Coverfox.com business and industry. n In 2017, Can FinTech Make Everything About Money Easy? . 18 Established in 1927, it is Rajat Gandhi, Founder & CEO, Faircent.com India's oldest and largest n Path to the Ultimate FinTech Offering . 20 apex business organization. Jitendra Gupta, MD/Founder, Citrus Payment FICCI is in the forefront in Anurag Pandey, AVP, Product & Strategy, PayU India articulating the views and n The Evolving FinTech Landscape in India . 23 Gaurav Hinduja, Co-Founder & Managing Director, Capital Float concerns of industry. It n Taking on the Indian Financial Goliath - The story of the FinTech David . 27 services its members from the Harsh Vardhan Lunia, Co-Founder & CEO, Lendingkart Technologies Pvt. -
AI Makes Tainted Pilot North Head, Backtracks
CCI NG 3.7 Product: TOIMumbaiBS PubDate: 01-05-2019 Zone: MumbaiCity Edition: 2 Page: TOIMIND2 User: manju.chandran Time: 05-01-2019 01:45 Color: CMYK THE TIMES OF INDIA, MUMBAI * WEDNESDAY, MAY 1, 2019 TIMES NATION 9 IndiGo pilots AI makes tainted pilot grounded for I-T dept searches premises, five in unsafe landing Mumbai, of ‘Lottery King’ Martin north head, backtracks information about tax eva- [email protected] in Nagpur Martin operates in Kerala and sion committed by Martin Chennai: The investigation and his family members. “As Failed Breath TIMES NEWS NETWORK wing of the income tax (I-T) north-eastern states, where lottery of now, we have seized Rs40 Jet’s mediclaim lapses; department on Tuesday business is still permitted. The lakh cash from one of his Test Twice, Was New Delhi: An IndiGo Air- started searches on at least ED had attached many of his premises. There are more seizures, but it would take lines aircraft reportedly 70 premises belonging to properties, worth Rs122cr, in TN Barred From 100 pilots & 450 crew landed in Nagpur this Sunday businessman Santiago some time to collate informa- with the nose wheel reported- Martin, known by the mo- tion trickling in from vari- ly touching down first, fol- niker ‘Lottery King’. Though five in Mumbai, three in Del- now,” said an I-T official. ous places,” said the official. Flying For 3 Yrs lowed by the main landing a resident of Coimbatore, hi, and two each in Hydera- I-T sleuths took Martin Martin had come under get jobs with Vistara gear later.