The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
Correct your friends the next time they try to scare you; offer them tips on how they can improve their credit scores if they are poor borrowers
Today pay-later services are available for practically anything under the sun. And these include small purchases like clothes, gadgets, movie tickets, and even food.
Only those who opted for hybrid loans in the past couple of years will remain unaffected.
Pay EMI for the entire sum, even if it is disbursed in tranches.
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
You need to especially focus on the clauses that affect the cash flows, such as interest rate and pre-payment charges.
This relaxation is available to entities running working capital accounts with any bank with the sanctioned limit of Rs 1 crore or less
The ex-Marine is on a mission to capture the Indian market for heavyweight bikes.
Home buyers should look at smarter options before taking a loan.
An excerpt from 'Money Smart: The Indian Woman's Guide To Managing Wealth' by Reenita Malhotra Hora and Divya Vij that reveals various options to help you save tax as well as invest for creating long-term wealth.
Lenders can now initiate recovery proceedings since the SC has lifted the standstill on asset classification, which protected stressed accounts from slipping into NPAs.
Borrowers burdened with increasing EMIs because of increasing interest rates can now heave a sigh of relief.
Important points to remember while going for a car loan and while prepaying the borrowed money to the lender.
Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.
Let not the smartness be confined only to your phone... Transfer it to borrowing too! Here's how
With the arrival of new players such as Amazon Pay, Google Tez and Flipkart's PhonePe, digital money companies are now changing their business pitch.
Besides being young, one might also have to be a professional or self-employed.
Home loan expert Harsh Roongta answers readers' home loan queries.
Understand the finer points before signing on the dotted line as a guarantor
Every financial plan needs to be tweaked periodically.
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
The Supreme Court asked the Centre and the RBI on Monday to place on record the K V Kamath committee recommendations on debt restructuring in view of Covid-19 related stress on various sectors as well as the notifications and circulars issued so far on loan moratorium.
Most buyers are forced to back off in the face of delays because of the appreciation of the property.
The accumulated interest will increase the principal and you will have to pay a higher rate. Borrowers should take the restructuring plan only after they are convinced they have exhausted all other options.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
Here's what borrowers must pay attention to before going for such medical loans.
There is no overnight solution and it requires plenty of patience and discipline to set it right
Use credit cards with discretion and try to generate a net monthly surplus to avoid falling into a debt trap
Have a query regarding your home loan? Maybe we can help. Drop us a line and our expert, Harsh Roongta, will answer it.
Besides the thrill of changing cars quite often, a higher tax deduction is available, experts tell Tinesh Bhasin
'You cannot start an MSME again.' 'It is not like a Yes Bank that someone comes and saves the bank.' Once the shutter is down for an MSME, nobody will come to its rescue.'
Not paying your credit card bill, or not paying it on time, can reduce your credit rating when you apply for a loan.
Remember to take important documents like no dues certificate.
Yes Bank customers will be able to access full banking services from Wednesday evening, as the moratorium will be lifted earlier. The RBI had on March 5 put a moratorium on Yes Bank restricting withdrawals to Rs 50,000 per depositor till April 3. However, the government in a notification on Saturday said the moratorium will be lifted by 18:00 hrs on March 18.
Before opting for a joint home loan with your parents or spouse you must first understand the implications of this loan.
In July 2013, RBI warned banks against sending unsolicited cards.
Home loan cover from the lender may not be the best option
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances