Once a safe investment haven, fixed deposits currently lead to a wealth erosion. As per a rough estimate, around Rs 1 lakh crore is being eroded as FDs attract lower rates than the inflation in the country
Housing Loan Tenure: An analysis of HDFC’s customer profiles in the last five years shows that the average loan size is on a steady increase while average loan term shrinks to 11 years
Every retail borrower waiting to restructure loans should take a close look at the bank’s policy. By opting for moratorium or extended tenor, you will end up bearing a cost
Apart from the gold loans, SBI's Xpress Credit, another retail loan segment, showed a 36.5% growth
Retail borrowers are likely to queue up to rejig loans as many see their repaying capacity shrink in the second wave of the pandemic
In case of an emergency, you can walk into banks or gold-loan NBFCs and pledge your jewellery for some quick cash. The segment has reported an unprecedented growth
Banks have reported a surge in cyber frauds and are trying to educate customers. Fraudsters are meanwhile devising new methods to cheat gullible people
While the overall usage of plastic card, both in terms of volume and value of transactions, is down, the number of cards has shown an 8% growth in February, 2021, according to RBI
According to NPCI data, the growth in UPI transactions has taken a short break in April owning to the pandemic and the general sluggishness at the start of a new fiscal
The plan to regulate virtual currencies continues to be stuck in a maze. But it has not deterred young Indian executives from investing heavily in them, hoping to make a quick buck