According to the latest data and statistics released by the RBI, loans outpaced bank deposits by 3% this year, raising serious concerns on the choice of customers today. While loans of various categories like home loan, car loan, personal loan etc., grew by 11% this year, bank deposits increased by a mere 8%, which several… Read More »
Credit card and personal loan defaulters will find no respite now as banks can track down defaulters with a new information service tool. The service, spread all across the country, will send an email alert to the bank when a borrower tries to borrow a loan amount from another bank in any part of the… Read More »
By short term goals we mean those goals which you intend to fulfill in the next 1-2 years. It could be holidaying abroad, buying your most desired camera, repaying a loan etc. Although the long term goals are considered to be planning for the future, short term goals should not be put away. For your… Read More »
When you thought the best way to handle your purchases is only by buying a credit card, you did not realize what kind of impact this plastic cash can create on your finances. A lot of things need to be kept in mind while you sign up or are possessing a credit card. It is… Read More »
Although it is important to start saving early, but it’s never too late to begin as well. If you are in your late 30s or early 40s and feel you have not saved much, well you can increase your savings pattern from now. Make sure that you do not make large lump sum payments. An… Read More »
Availing a personal loan should be the last resort for you to accumulate finances to fulfill your immediate requirement. For any of your requirements or emergencies, it is advised to save a part of your income aside, so that there won’t be any need for you to take any kind of loan. Debt has a… Read More »
If you wish to enjoy the returns of your savings as an income, opt for SWP. One of the best ways to redeem your funds is to opt for a Systematic Withdrawal Plan. It is one of the best ways by which you can withdraw funds in the same pattern as you invested in them.… Read More »
Most investors are averse to risk. They would not mind investing in those financial instruments that have a long lock in period and cannot be benefitted from higher interest cycles. For example, if you have a 3 year old child, and are planning to save funds for financing their higher education in one of the… Read More »
Karnataka Vikas Grameena Bank was formed by the amalgamation of four banks sponsored by Syndicate Bank in the State of Karnataka by a Government of India Notification dated 12/09/2005. The bank works with a mission to continue as the leading and visible Grameena Bank in the country by acting as a catalyst for the growth… Read More »
If you are caught in a huge debt trap, no matter even if its Rs 1 crore, never hesitate to approach a debt counselor for financial assistance. Getting out of such risky situations are definitely very difficult but not completely impossible. Approaching credit counseling centers can be of a huge benefit. Credit counseling centers have… Read More »