The Reserve Bank of India (RBI) has allowed banks to grant need-based working capital loans to manufacturers using gold as raw material, extending the provision currently available only to jewellers. Banks are generally prohibited from lending for the purchase of gold/silver in any form, or lending against the security of primary gold/silver.
'Entering India is exciting, but it's also challenging. You have to be prepared for long-term investment.'
Wedding planner WedMeGood estimates that the average wedding budget has surged to Rs 36.5 lakh this year, with destination weddings averaging Rs 51 lakh.
Ultimately, the choice between no-cost EMI and BNPL depends on an individual's financial situation, preferences, and ability to manage repayments responsibly.
LN Mittal is getting a senior bureaucrat from the ministry of petroleum and natural gas to run his first-ever venture in the refining business, the Rs 18,919 crore (Rs 189.19 billion) Bhatinda refinery.
Pandya has spent a considerable amount of time on his fitness over the last 18 months after recurring injuries
ADB pegs India's GDP growth at 7.8 per cent in FY 2015-16
The Reserve Bank of India's (RBI) new rules for credit and debit cards came into effect from October 1. These include tokenisation, one-time password (OTP) for activation after 30 days, written permission for enhancement of credit limit, and greater clarity on interest calculation.
Lenders now use your phone data, utility bill payment records and other non-traditional parameters to determine if you are creditworthy.
A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.
Listening -- really listening -- to advisers in the government and outside would help. India has plenty of wise economists who have worked within the bureaucracy during previous crises, points out Rahul Jacob.
RBI sees marginal improvement in economic growth to 5-6%.
'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.'
India's huge digital prowess and potential will play a huge role in enabling digital lending, says Romita Majumdar.
Interest rate on fixed deposits between 7-179 days has been reduced to 7 per cent from 7.5 per cent, SBI said in a statement.
Tailored luxury experiences with the most minute of details charted out for discerning travellers is the way forward, says Nikita Puri.
The industry also emphasised on supply-side interventions by the government to tackle persistently high food inflation.
Five simple tips to help the youth kick-start their financial education
'Where in the world you get 12.5 per cent return of interest?'
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