Only borrow an amount that can be repaid comfortably. The ratio of total EMI to take-home salary should not exceed 40 per cent.
Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.
The Virat Kohli-led Indian Premier League side Royal Challengers Bangalore on Friday unveiled its new logo ahead of the upcoming season starting March 29. The club said the new logo design, which features a lion, "embodies the bold and fearless attitude" of the side.
An NCD's credit rating will tell you whether risk possibility is high or low. Instruments rated below AA are regarded as high-risk.
Mathai George George Muthoot joined the family business as an office assistant and in 1979 he became the managing director and group chairman in February 1993.
As many as 75 million households that do not have access to banking services will be covered and at least one bank account opened for each household, against the earlier proposal of two.
The superstar refuses to endorse any label except for one regional cola brand at the start of his career almost four decades ago.
In 2014, gold prices had fluctuated between Rs 27,000 and 30,000/10g.
Gold loans can be released online or by bank transfers.
For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal Bandyopadhyay.
While taking gold out of the closet to borrow money is no longer taboo in Indian households, the sharp drop in gold prices is hitting the newest loan product on the banking turf hard, explains Tamal Bandyopadhyay.
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Reliance, Birla Group, Airtel eye small finance banks.
The superstar's much-awaited film Kabali is set to release on July 22.
Gold prices fell to a 5-year low of less than $1,100/ounce.
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