The Reserve Bank of India (RBI) announced new rules for credit cards, applicable from July 1. "These directions cover the general and conduct regulations relating to credit, debit and co-branded cards which shall be read along with prudential, payment and technology & cyber security related directions applicable to credit, debit and co-branded cards, as issued by the Reserve Bank," the circular by RBI said. Business Standard culled out key rules from the list, and asked financial experts for advice on them, along with the thumb rules one needs to follow while using credit cards.
A summary of Sunday's action in the English Premier League.
Electricity has also been kept out of the GST ambit.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
The Aston Villa 'keeper saved three penalties in the 2021 Copa America semi-final and Argentina went on to lift the trophy. Now he's stopped two more in a World Cup quarter-final and this could just be a good omen for Messi!
Sukanya Verma quizzes you to find out just how much you know about the movies.
'If someone were to ask you if you want to die tomorrow, no matter what problems you are grappling with, you would be hesitant, right?'
Gaurav Mohta, chief marketing officer, Home First Finance Company, answers home loan queries.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
Mortgage lender HDFC Ltd on Wednesday announced an increase in its benchmark lending rate by 5 basis points (bps), a move that will make loans dearer for both existing and new borrowers. This is the third hike effected by HDFC in the last one month. "HDFC increases its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from June 1, 2022," the housing finance company said in a statement.
Argentina clinched a comfortable win in a friendly against Indonesia, making it two wins from two for the world champions on their short tour of Asia.
While the RBI's guidelines aim to streamline the loan closure process, borrowers must remain proactive.
Look at the sanctioned plan to know the exact carpet area you will get and pay a law firm to conduct a thorough title check.
'People try to repay the BIGGEST LOAN first. Actually, you should repay the most expensive loan first.'
The real estate market has seen a decline in affordability due to the recent rise in median loan rates as a result of the 50 basis points (bps) hike in repo rates by the Reserve Bank of India (RBI). A cumulative increase of 0.95 per cent in median home loan rate has impacted the purchase affordability and purchase decisions of homebuyers, according to the Affordability Index by Knight Frank. The Affordability Index tracks the EMI (equated-monthly instalment) to income ratio for an average household.
Rishi Piparaiya lists three simple steps to manage the impact of rising prices and protect your financial future
Whoever can make acquiring smartphones more affordable will win the sales game.
Can Bhavish Aggarwal upend the electric two-wheeler market, which is now overwhelmingly in favour of scooters?
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
'Negotiate a longer agreement with the escalation clause fixed now.' 'This will enable you to control future cost increases.'
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
Luxury carmaker Mercedes-Benz India on Thursday said it will increase prices of its vehicles ranging between Rs 2 lakh to Rs 12 lakh across different models from April 1, to offset rising input costs specially the adverse impact of foreign exchange. This will be the second time in three months that the company is increasing prices of its vehicles. The ex-showroom price of the company's model range will increase by up to 5 per cent from April 1, 2023, the company said.
Images from the English Premier League matches played on Sunday night.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
Before taking such loans, compare the interest rates charged by various players, advises Sanjay Kumar Singh.
By winning the World Cup on Sunday, the Argentine football team asserted its ability, but Martinez also proved that the Argentines can be bad sportsmen.
The depreciation in rupee may pose a problem for students who have taken loans from Indian lenders.
'Building a whole product with the railways was challenging; we had to figure out how to load and unload a train when it stops for only about five minutes at a station.' 'We also helped them understand the revenues this would generate for them.'
Its debit card holders can now withdraw cash from any ATM without charges till June 30.
Chartered accountant and Sebi registered investment advisor, Harsh Vardhan Roongta, answers your home loan queries
On November 12, 2021, the Reserve Bank of India (RBI) decided to ring in uniformity in asset classification and income recognition across all lending institutions. Shadow banks, or non-banking financial companies (NBFCs), like commercial banks, are to test non-performing assets (NPAs) on a daily basis and upgrade them to "standard assets" only when interest and principal arrears are settled by borrowers. This is going to create all manner of headaches for shadow banks and their clientele. Says Y S Chakravarti, managing director and chief executive officer (CEO), Shriram City Union Finance: "NPA levels will go up, especially of small borrowers.
A home loan is a long-term contract, so do shop around before signing on the dotted line, advises Sarbajeet K Sen.
Only a small percentage of passengers who traveled on the trains involved in the June 2, 2023 accident in Odisha had availed of travel accident insurance while booking their tickets online on the IRCTC portal.
You can get a lumpsum sanctioned, but you may draw only part of it and pay interest on the amount used.
Prospective buyers must make a well-considered decision regarding whether this is the right time to buy a house, particularly with home loan rates at near-peak levels, and the risk of job losses looming in many sectors.
The National Investigation Agency arrested an Afghan national in connection with the seizure of 2,988 kg of heroin at Mundra port in Gujarat, an official said on Tuesday.
Sujata Ahlawat, Senior Vice President and Head of Direct-to-Consumer Interactive, TransUnion CIBIL, offers a quick glimpse into what a CIBIL Score is, the factors that impact it, and tips for maintaining a healthy score.
The bank has said rent payments will not earn reward points, and redemption of reward points on various cards have been capped in certain segments.
This sort of property is better suited for an investor rather than an end user.
