Today 20s is considered as the best time of one’s life as unlike yesteryears today’s youngsters get highly paid jobs fast. Twenties is also a care free period with less dependants and responsibilities to worry about. But many youngsters often commit the mistake of spending their earnings lavishly and are least bothered about the money… Read More »
Mohan recently started working with a multinational FMCG company after completing his management degree. Always striving to be independent and a self sustained individual, Mohan wanted to start investing for his future needs without relying too much on his family. Mohan wanted to invest some part of his earnings for his weddings related expenses as… Read More »
A popular Television advertisement of a private bank with the slogan ‘six is great than four’ may not have faded from public memory but the USP of high interest rates could well be a thing of the past. Few private banks that were attracting users with high interest rates for savings account are slowly on… Read More »
Our aspirations are different at different stages of life. However, saving for the sunset years of one’s life should be a top priority for everyone. During different stages of our life we have different financial status, responsibilities, challenges as well as goals. Our approach for retirement saving at various stages of our life will be… Read More »
Working on a proposal given by the Financial Sector Legislative Reforms Commission (FSLRC), the government is considering the formation of a unified financial regulator plan as a roadmap for the country’s future. The finance ministry has set up taskforces on four new agencies namely the Public Debt Management Authority, a Unified Financial Sector Appellate Tribunal,… Read More »
With festival season around the corner, banks have started offering lower interest rates on many of their loan products to boost demand. Some banks have also changed deposit rates to attract customers. Here is a roundup of the latest interest rate cuts and deposit rate changes by leading banks in the country. Changes in interest… Read More »
Just a day after RBI governor Raghuram Rajan announced an unchanged repo rate policy in its bi-monthly monetary policy review, State Bank of India has announced a cut in short term deposit rates. Announcing the rate cut in an exchange filing, State Bank of India, the country’s largest public sector bank has reduced short term… Read More »
Applying for a home loan may seem to be a good idea if you are looking forward to buy the home of your dreams. You have all the qualities that make you a favourable home loan applicant such as good credit history and strong professional background, still to your utter surprise, your application gets rejected. Don’t… Read More »
Second mortgage loans or second mortgage financing, as the name suggests, means providing a loan against the security of a property which has already been mortgaged elsewhere. This means that the same property is being used for a second time to secure a new loan. For example, Mr. X wishes to purchase a property for… Read More »
There is a famous saying “A friend in need is friend indeed”. If we talk in financial terms this statement can be rephrased as “A financial asset in need is a financial asset indeed”. Normally every individual investor builds a portfolio using a lot of financial assets but is he aware which option in the… Read More »