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Gold loans: All you need to know about EMI & overdraft
There is a third option where only the customer pays only the interest at the end of the year and renews the loan for another year
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Interest rates: Even small finance banks are lowering them
However, even after lowering rates, small finance banks offer higher interest rates on fixed deposits of all tenures compared to commercial banks
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EMIs: Here’s everything you must know
EMI is a fixed sum of money that is paid by the borrower to the lender of funds at a specified date every month for a certain period of time
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This Swiss bank record shows India in poor light!
Data from the Swiss National Bank stated that Indians had invested a record high of nearly 6.5 billion Swiss francs in 2006
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Banking: Frequent outages raise uncomfortable questions
Though most banks claim that they keep upgrading technology, there seems to be no end to outages, which rile up hassled customers
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Inflation surge takes sheen off fixed deposits
The rise in retail inflation poses a big challenge to the central bank. The debate on interest, growth and inflation will continue
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Private ARCs moving to retail loans as national bad bank nearing reality
The pandemic-hit FY21 has seen tepid growth for ARCs, but retail loan portfolio grew faster, adding at least 25% more to AUM
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City Union Bank, Federal Bank & DCB Bank on the right track: Investec Securities
Despite being under pressure, regional banks have tackled a challenging situation by substantially strengthening their balance sheets, it noted
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Centre’s Covid-19 support triad: Direct cash benefit, free foodgrains, increased allocation for MNREGA
The free foodgrain scheme will run till Diwali, Prime Minister Narendra Modi had announced on June 7
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Five factors that impact your credit score and how you can improve it
A healthy credit score not only makes you eligible for additional loans, but also entitles you to cheaper loans
