Blasted with advertisements for everything, ranging from an apartment, to a holiday to clothes, smart phones and other gadgets, how can anyone not be expected to be swayed? The purchasing power of individuals is increasing and so are the desire to own the best and the latest. Here’s a case of spending and beyond capacity.… Read More »
As a home loan is a long term loan, it can sometimes be a bumpy financial ride. The reason can be a high interest rate of your bank, unpleasant experience with the bank, or any other. Luckily home loans can be refinanced any time as per the preferences of the customers. Let us look at… Read More »
Owning a car is a dream for many people. Let us take the case of Rahul and Priya, who have been married for 2 years now. Rahul runs his own business while Priya is employed with a private company. Rahul and Priya plan to buy a car as they intend to expand their family the… Read More »
Buying a car is always a reason to cheer. The cheer is a tad louder when it is the first car. Apart from the thrill of being able to finally own and drive a car, the buyer has a lot of questions rushing through his or her head. While everyone has their own unique reasons… Read More »
The Reserve Bank of India in its latest monthly financial bulletin has revealed that loans against shares, advances and other securities have been on a constant upswing in the last couple of months. With the stocks markets entering into what many financial experts believe to be a long bull run, financial securities are being… Read More »
Gone are the days when you could issue a cheque with least regard to the balance in your account or other details like your signature etc. Dishonor of cheques issued by a payer is offence under the law. Among many reasons under which, a cheque could be dishonored like mismatch in signature, or date… Read More »
In the thick of the festive season, banks and non banking financial companies are offering various lucrative offers and discounts. Many Indians plan their purchases during the festive season as it allows them the double benefit of buying a new home or a new car in the auspicious time, along with discounts from various financial… 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 »
RBI Governor Raghuram Rajan announced the fourth bi-monthly monetary policy today keeping the repo rates unchanged as per expected lines. The governor made it clear that inflation remains to be one of the biggest challenges as RBI has set a target of achieving a rate of 6% CPI by January 2016.Some financial experts had… Read More »