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How to ward off online scamsters
There are a few basic dos and don’ts that everyone should pay heed to. Users should be wary of suspicious-looking pop-ups that appear during browsing.
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Fall in household income force many to turn away from their mortgaged gold
The second wave of the pandemic has hit gold loan portfolios of private banks amid volatile gold prices
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Jump in demat accounts raises concerns over financial illiteracy
Despite efforts by Sebi & exchanges, retail investors are driven by lack of awareness on stock market and sheer desire for making a quick buck
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Home and gold loans shine as personal loan portfolios shrink in new fiscal
After running on the fast track in the second half of the previous fiscal, auto loans have gone on a slow track
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PhonePe ups market share in UPI digital payment ecosystem
Walmart-owned fintech company has cornered 46% of India’s UPI market as the volume of transactions and total value post a new record in June
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Will the ‘Buy Now Pay Later’ model kill credit cards in India?
The online 'buy now, pay later’ model has picked up momentum in the country as youngsters are becoming wary of using credit cards
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Personal loans grow fastest; stress grows too
Personal loans which saw a significant fall in the first quarter of 2020-21 have ended the fiscal with a massive jump of 35.5% in the fourth quarter
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Unclaimed term deposits will no longer attract higher savings deposit rate
The amount left unclaimed will attract a rate of interest as applicable to savings account or the contracted rate of interest on the matured TD
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UPI transactions surge to Rs 5.47 lakh crore in June
After a dismal performance in April and May, UPI transactions have reported a record leap in both volume and value
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Covid-19 second wave hits consumer credit demand sharply
Even customers in the low-risk tiers report downward momentum while consumer credit portfolios of non-PSBs see signs of stress, says RBI report
