Sorry guys and gals but you have really inspired me to write this. You can hate me for this but honestly, this is dedicated to you. Here it goes!
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Agriculture and allied activity loans are not eligible for the interest on interest waiver announced by the government last week, the finance ministry has clarified.
After the NHB asked housing finance cos to desist from offering interest subvention schemes, disbursement of loans are likely to get delayed, points out Tinesh Bhasin.
'Mostly, the relief, if needed, would be for housing loans where a person has lost a job and is unable to pay his EMI or there has been a temporary salary cut.'
The top court granted two weeks to the Centre and RBI to file the affidavit and place before it the decisions taken in this regard.
Rising property prices and the inflation hardly leaves sufficient amount after the payment of the EMIs.
Here's how the move will affect the banks' customers.
ICICI Bank's new offer is for those with savings in fixed deposits but no immediate liquidity
Consolidation has begun, due to which some are trying to trim the business and others are seeking an exit. The situation would worsen after August 31.
'Whether it is the unions or the politicians, they don't have to do politics over Air India, but be guided by a solitary factor -- that we don't want Air India to fly into oblivion.'
Home loan lenders not giving you enough loan to buy a home? Here's how you can make them increase your home loan eligibilty.
Besides being young, one might also have to be a professional or self-employed.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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.
A rare bonhomie among three private telecom companies in raising tariffs coming on the back of a bailout package by the government may have helped the telecom sector avert a crisis but the challenges haven't ceased to exist as the industry faces a cash-guzzling task of rolling out 5G networks in the coming months. The sector that provides direct and indirect employment to millions is projected to see Rs 1.3 lakh crore to Rs 2.3 lakh crore of investments in the coming years in creating robust infrastructure and building telecom and network products that have been incentivised by the government through PLI and other initiatives. After years of cut-throat competition and the apex court ruling on payment of past statutory dues left some players in the lurch, billionaire Sunil Mittal's Bharti Airtel and struggling Vodafone Idea almost in tandem raised tariffs, taking the plunge they had long been talking about.
Received a hefty windfall and don't know what to do with it? Here are 5 smart ways to manage it.
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.
Card-based EMI transactions dropped about 60 per cent in the first week after demonetisation and then recovered steadily. However, these are not yet back to the levels before November 8.
Apart from SIPS and STPS, value- averaging can help investors make more money, says Devangshu Datta.
Home buyers should look at smarter options before taking a loan.
Your high expectations and attachment to certain property can make you buy property which is not financially suitable.
Weak consumer sentiment across urban and rural markets due to slow farm inflows, subdued agri-commodity prices, rising cost of ownership as a result of regulatory changes including safety, emissions, vehicle registration, along with a rise in interest cost/EMI, have impacted demand.
It should cover mandatory expenses, insurance premiums and loan installments for six months to a year.
Despite these advantages consider your options carefully and make a decision based on your abilities and your financial goals, says Abhishek Agarwal.
HDFC Bank on Monday said it aims to regain the two per cent market share in the credit card market it ceded to rivals during a recent ban, within a year by aggressively tapping into its existing depositor base. The bank will also focus on forging new partnerships to sell more cards and will not deviate from its conservative approach on taking credit risks as it goes aggressive in the market, its group head for payments and consumer finance, digital banking and IT, Parag Rao, told reporters. On August 17, RBI lifted the ban on HDFC Bank which had prevented it from issuing new credit cards from December 2020.
With banks taking the cue from RBI to hike rates, home buyers will have to take serious measures to keep their finances under control.
Ekta Kapoor's gangster drama Once Upon A Time In Mumbaai completes its 10 years on July 30.
Finance Minister Nirmala Sitharaman on Friday announced a slew of measures to boost economic growth and address distress in various sectors
Every financial plan needs to be tweaked periodically.
'People can start making a safety net, and that safety net should be at least three months of your monthly salary.' 'If somebody is earning Rs 25,000 then s/he should have at least Rs 75,000 in her/his bank account, so that if anything like this (lockdowns) happens in the future, they are not struggling.'
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
While there is easy access to money, the flip side is the high interest rate and processing fees, points out Sarbajeet K Sen.
Most buyers are forced to back off in the face of delays because of the appreciation of the property.
Paying your increasing home loan EMIs can be quite a task to meet. Here are a few dos and don'ts that can help you sort out your loan problem.
"Any payment above EMIs is considered as payments towards the principal and would result in shorter tenure. This, in turn, will lower the total interest amount you pay on your home loan."
An equated monthly installment (EMI) is the amount of money that is paid back to the lender on a monthly basis.
India's manufacturing expanded at a faster pace than China
Sell the property if bought for investment purpose.
