::__IHACKLOG_REMOTE_IMAGE_AUTODOWN_BLOCK__::0 Mumbai: Indian bankers say piles of bad debt and the high cost of deposits mean they are unlikely to reduce interest rates on loans by as much as the central bank cut its key lending rate in a bid to spur growth. The reluctance of bankers to pass on […]
Peer-to-peer (P2P) lending platforms offer themselves an easy solution to borrow money for short-term requirements. This could be buying consumer electronics, medical emergency, repay credit card dues, home renovation, business loan, travel loan, or other such needs. They find it easier to borrow from P2P lending platforms compare to traditional […]
Anil Rego One of the main grouses that many in the new generation have is that there isn’t enough money to save. Beyond the noise is the sober fact that saving money requires as much effort, if not more, as earning it. The entire ecosystem around us is about consumption. […]
Considering a home loan with Macquarie Bank or ING? It may have just gotten cheaper. Both banks have made changes to a wide variety of their mortgage rates, with Macquarie lowering rates by up to 60 basis points and ING by up to 40 basis points (see tables below). ING has […]
Housing for all by 2022 has been one of the important drivers of the government’s long-term developmental plans. To continue the momentum of infrastructure creation, the Budget is expected to focus on addressing the needs of the common man, especially in terms of extending tax incentives for housing. Expansion of […]
There are 338 debt funds in the Rs 24-trillion (Rs 24 lakh crore) Indian mutual funds industry. Another 843 of these are fixed maturity plans (FMP). There are 16 different categories of debt funds. Even if you leave out all the FMPs since they are closed-ended (mind you, there are […]
After holding seven rounds of public hearings and collecting more than 10,000 submissions, the Royal Commission into Misconduct in the Banking, Superannuation & Financial Services Industry is about to deliver its recommendations – which could turn the mortgage industry on its head. The final report, which will be published on […]
Dhruv Girdhar In 1964, Gary Flandro stated that the outer planets – Jupiter, Saturn, Uranus, and Neptune – would align in a rare pattern in the late 1970s. And NASA scientists really wanted to catch hold of such event that occurred only once in two centuries. 176 years to be very precise. But […]
Peer-to-peer (P2P) lending platforms offer themselves an easy solution to borrow money for short-term requirements. This could be buying consumer electronics, medical emergency, repay credit card dues, home renovation, business loan, travel loan, or other such needs. They find it easier to borrow from P2P lending platforms compare to traditional […]
In 2015, Vikram Shah residing in Mumbai co-signed a home loanbank documents as a good deed to help his friend Manoj Rao in purchasing a flat in Pune. Rao borrowed Rs 40 lakhs as a home loan from the bank at that time. Last year, Rao lost his job and this led […]
Edelweiss Equity Savings Fund completed four years in October 2018. What’s so special about it? This was the first equity savings fund launched in India that promised to give a mutual fund monthly income scheme (MIP) type of returns to investors, but with equity taxation. Today, there are 16 schemes […]
