In an affidavit filed by Union finance ministry on behalf of the Union of India, it said that the relief to all borrowers in respect of compounding of interest during the period of moratorium would be admissible to the categories specified irrespective of whether the borrowers had availed the moratorium or not.
A solitary patch of violet stands out in what are walls blackened high with soot, a reminder of a room that was once coloured with shades of content and is now littered with the detritus of a riot -- except for a bed on which sits Nazar Mohammad. His three-storey home in northeast Delhi's Shiv Vihar Phase 7, one of the worst-hit areas in the recent riots, tells the story of not just three days of clashes but also of hope rising from the ashes of violence.
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
Housing, auto and personal loan seekers can relax as major bankers have said that interest rates are not likely to go up following the Reserve Bank of India's (RBI) decision to suck out more funds from the banks which normally makes borrowings costlier. Moreover, on deposit front, some bankers have said they are likely to maintain the current rates.
The lower interest rates charged by the State Bank of India (SBI) are contributing to a growth in its home loan portfolio at a time when the sky-rocketing real estate prices have slowed the credit demand. While fresh loans for buying houses are growing albeit at slow pace, buying out other banks' home loans is helping the public sector bank to strengthen its home loan book.
The bank plans to launch a similar application on the mobile platform.
As she begins her second term as MD & CEO, Chanda Kochhar wants the bank to grow more than the industry not by taking on more risk but by building a strong base of customers and shunning the pell-mell marketing of credit card and personal loans to newcomers.
While it is a convenient mode of payment, it is not an efficient way of borrowing. Repay your dues fully every month if you decide to use it
There are ways in which you can get a better deal for the interest rate on your car loan, home loan, education loan, personal loan, etc.
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
Banks create a credit profile of every person who approaches them for a loan. This is a very vital part of any loan application process and banks do consider it very seriously before sanctioning any kind of loan.
Each enquiry could pull down the credit score by 5-10 points.
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Banks are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers.
Whether it is a home loan, a personal loan or a credit card, lenders are increasingly relying on credit scores to determine credit approvals and offer better rates.
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This loan costs you less than personal loans and credit card advances and you can avail of it even when your credit history is not exemplary.
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'This is for the first time home loan rates have dropped below 7 per cent,' notes Tamal Bandyopadhyay.
Banks send these mails simply as a marketing exercise. It neither reflects your loan eligibility nor ensures lower interest.
From auto, refrigerator, and mobile handset makers to real estate firms, companies are tying up with banks to dole out attractive finance schemes and discounts to make buying more affordable.
There are a number of pre-requisites for us to be able to take informed investment decisions. Here are six most important ones.
Due to the prevailing uncertainty, the risk of loans going bad has certainly increased. This may result in lenders following risk-based pricing more diligently, notes Naveen Kukreja, CEO, Paisabazaar.com
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
The decline is attributed to lower salary growth and a rise in households' financial liabilities.
Here are five steps to help you eliminate your debt and set yourself up to avoid problems in the future.
'We believe there will be a full shutdown for four weeks and a partial shutdown for eight weeks.' 'Hence, economic activity is unlikely to normalise before the end of May.'
According to sources familiar with the developments, the bank may sell more than Rs 3,000-crore (Rs 30-billion) worth of retail assets in India comprising mortgage loans, personal loans and loans to small businesses.
Months after making history by winning America's Got Talent, Mumbai's V Unbeatable dancing crew is crumbling under the lockdown.
Even if you get a bit late in buying things you need, it is always better to avoid debt traps, advises Vishwajeet parashar
Despite fears of slow economic growth, the health of their unsecured assets are not so likely to be stressed.
If your are hassled with too many EMIs, bring them all under one umbrella and pay a single amount
In 2014, gold prices had fluctuated between Rs 27,000 and 30,000/10g.
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