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Avanti Finance secures Rs 15 crore from Dell Foundation, to provide affordable loans to small businesses
Mumbai: Avanti Finance, an NBFC founded by Ratan Tata, Vijay Kelkar and Nandan Nilekani, has tied up with the Michael & Susan Dell Foundation to provide affordable loans to the pandemic-hit small businesses. Under the collaboration, the Dell Foundation will provide low-cost Rs 15 crore debt to Avanti, which the NBFC will use to provide […]
Press Trust of IndiaJanuary 25, 2021/3:30 PM IST -
Moves in poll-bound Assam may spike asset-quality pain for sector: Crisil
Kolkata: A Bill passed by the Assam assembly to control the microfinance industry in the state has the potential to increase asset-quality challenges for the sector, according to rating agency Crisil. On top of that, if any loan waiver scheme was announced, it would make matters worse due to the potential impact of the moves […]
Press Trust of IndiaJanuary 25, 2021/3:07 PM IST -
Reserve Bank of India refutes reports of withdrawal of old Rs 100, Rs 10 and Rs 5 notes
Mumbai: The Reserve Bank of India (RBI) has refuted reports of withdrawal of old series of Rs 100, Rs 10 and Rs 5 currency notes. “With regard to reports in certain sections of media on withdrawal of old series of Rs 100, Rs 10 & Rs 5 banknotes from circulation in near future, it is […]
Press Trust of IndiaJanuary 25, 2021/2:53 PM IST -
Here’s how housewives can manage their finances more efficiently
Remember the time when demonetisation happened? We got to know some new places in our homes where our moms had consciously kept aside some money, probably for the unforeseen emergencies. Well, one thing is clear, post-demonetization, homemakers started keeping their money in the bank account, at least. To be financially independent is the greatest pleasure […]
Hemanshi TewariJanuary 25, 2021/2:29 PM IST -
Here are three Personal Finance lessons that restaurateur Ashish Kapoor swears by
Indians share a unique and authentic relationship with food. I’m sure most of us, at some point in life, have dreamt of owning a restaurant that served our favorite delicacies. Restaurateur Ashish Kapoor shares a similar passion for food. But unlike most of us, he converted this passion into a mouth watering reality. Kapoor is […]
Noopur PraveenJanuary 25, 2021/2:13 PM IST -
Cyber security, COVID-19 and you
The financial services sector is being increasingly targeted by cybercriminals, especially after the the coronavirus outbreak. Can anyone of us put our phones down for even a day? The clear answer is no. We are facing more and more destructive malware attacks due to an ever increasing dependency on artificial intelligence. Cyberattacks are now going […]
Money9January 25, 2021/1:58 PM IST -
Follow these steps to to achieve your financial goals
Warren Buffett once famously said: “Someone’s sitting in the shade today because someone planted a tree a long time ago”. Building wealth is a long process with obstacles along the way and sometimes they are unavoidable. The key lies in financial planning. You need to have a financial plan to invest in your future and […]
Teena Jain KaushalJanuary 25, 2021/1:19 PM IST -
Here’s why goal-based investing is important
Wants are unlimited but money in hand is limited! We want to buy a lot from the limited kitty we have but are left frustrated due to our endless list of desires. If your shopping list is ready before your salary is credited, then you need to be careful. It may have an adverse impact […]
Priyanka SambhavJanuary 25, 2021/1:09 PM IST -
Budget 2021: Retirees pin hopes on FM Nirmala Sitharaman
Those who have retired after 2014 have seen the interest income on their FDs shrink nearly 40%, making it difficult to live on the interest income from savings.
Saibal DasguptaJanuary 25, 2021/1:06 PM IST
