On the other hand, wilful default indicates non-payment of the borrower even when he/she could make the committed payments. It is often found that the borrower siphons off cash, disposed of properties without proper procedure or used the funds for purposes other than those for which they were lent.
According to HDFC Bank Banksite, the Marginal Cost of Funds-Based Lending Rate or MCLR is the minimum interest rate below which no financial institution can lend to customers. MCLR sets the lower limit of the interest rate for a loan.
To benefit around 4,500 employees of Interglobe Aviation
Customers are increasingly shifting money from savings accounts to fixed deposits (FDs) as the interest rate differential between the two is widening.
Know where your money will be invested in Overnight Mutual Fund scheme
Meta has launched Lima-2 to compete with Chat GPT and Google's chatbot Bard
Biometric Aadhaar authentication process to be started from Gujarat and Puducherry
BSE to buy back shares at 16% premium; GST on gaming set to be finalised; PNB finalises locker agreements; BSE cos m-cap reaches Rs 301.1 lakh cr;
Bank of India has become the first public sector bank in the country to launch Mahila Samman Savings Certificate. Private sector Axis, ICICI, HDFC and IDBI Bank have got approval to start this scheme.
With the growth of the passive landscape and the various innovative product offerings, there are multiple ways in which an investor can take exposure to the same universe of the Nifty 50 stocks.