BUSINESS
RBI gives nod to compensation framework for digital payment systems
The Reserve Bank of India proposes to put in place a framework on turnaround time for the resolution of customer complaints and compensation framework across all authorised payment systems by the end of June 2019.
BUSINESS
RBI postpones introduction of external benchmark for loans
During the consultations with RBI, several banks opposed the decision of linking lending rates to an external benchmark saying their cost of funds was not linked to those external benchmarks
BUSINESS
Tax calendar FY20: Plan your investments better by marking the important dates
This financial calendar will aid you to plan your taxes, remind to file your income tax on time and save on penalty
BUSINESS
Here's what millennials can do to make money from equity market
Direct equities may not be the best option for those who are starting out; stick to mutual funds’ systematic investment plans.
BUSINESS
Flight cancelled or delayed? Here's how consumers can now get compensated
As per DGCA traffic reports, between September 2018 and January 2019, approximately 8.64 lakh domestic passengers faced issues on account of airlines denying boarding, delays and cancellation of flights
BUSINESS
SBI links deposit, loan interest to repo rates; experts believe other PSBs may follow
While the RBI guidance was to pass on the benefit of falling interest rates to borrowers by linking lending rate to an external benchmark, SBI has also linked its savings bank rates (over a limit of Rs 1 lakh) to the external benchmark.
BUSINESS
Don't be fooled by Women's Day offers on savings bank accounts, look before you leap
Savings bank accounts specifically targeted at women come with extra features. But check if you really need them as they come with additional cost.
BUSINESS
Six steps to accumulate your first Rs 1 crore after you start working
Millennial should invest at least 30-50% monthly income. The rest should be utilised for monthly expenses, pay EMIs or credit card dues, etc
BUSINESS
Be cautious of over leveraging while using multiple credit cards: Yes Bank
You need to set up a credit limit for yourself while using a credit card say overall 30-40% of monthly income is sufficient (including EMI on loans).
BUSINESS
Expert View | Mutual fund investments via mobile wallets - boon or a bane?
Paytm and Mobikwik has now allowed users to invest in mutual funds from their apps. It’s as easy as shopping. It brings convenience, but it may also be risky
BUSINESS
Should you take this 'bridge' to a bigger home?
Piramal Capital lays out easy money to borrow your dream house. However, with this finance scheme you may end up buying a home bigger than your means.
BUSINESS
All you need to know about peer-to-peer lending platforms
P2P lending platforms connect borrowers with individual lenders, who come together to meet the borrowers’ loan requirements
BUSINESS
Pre-approved loans on your fingertips: Should you go for credit line when in need?
Credit line loans can be a blessing when used wisely but can turn into a nightmare if used indiscriminately.
BUSINESS
P2P lending still a nascent concept given the huge demand for consumer credit: RupeeCircle's Ajit Kumar
Key factors lenders must check while registering on P2P lending platforms are credibility of peer-to-peer lending platforms, understanding the risk and return trade-off, ease and simplicity of investments on the specific platform
BUSINESS
Explainer | RBI expands tokenisation facility to card-on-file tokenisation services
The RBI has now made tokenisation feature formally available to all card networks. This feature is only available for purchases if you buy through your mobile phone or tablet.
BUSINESS
Availing a loan for your marriage? Keep these key points in mind
Compare wedding loan offers from multiple banks and NBFCs then choose the offer that most suits you. There can be significant savings in interest, processing fees and other charges by comparing and choosing the loan scheme carefully
BUSINESS
Explainer | Fixed interest rate vs floating interest rate
Banks offer loans on fixed interest rate and floating interest rates. So, often borrowers are in dilemma which interest rate to select while applying for a loan.
BUSINESS
'#AapkeHisaabSe': HDFC Bank’s car loan repayment scheme. Worth it or a gimmick?
The drawback of a step-up scheme is that you may end up taking a higher EMI commitment based on future income, which is uncertain.
BUSINESS
Outlook 2019: How developments in 2018 will influence banking, fintech services
According to an RBI directive, retail loans will be benchmarked to an external rate effective April 2019 which is expected to bring more transparency.
BUSINESS
Beware of frauds! Here's how you can avoid getting tricked by scamsters
It’s advisable to review your monthly credit card and bank statements for any unauthorised and sham transactions.
BUSINESS
Credit card usage at all-time high: Know the risks involved while using it
Those who exceed 40% of their credit limit frequently should request their card issuers to increase their credit limit based on eligibility.
BUSINESS
Year 2018 for retail banking, fintech: Loan pricing to get transparent; RBI saves Indians from crypto collapse
Loan disbursements took a hit due to the IL&FS crisis, but borrowers rejoice as loan rates get transparent in 2018.
BUSINESS
Axis Bank's new home loan aims to reduce interest cost; will borrowers benefit?
The new scheme, called QuickPay, involves paying higher installments in the initial years, which may not suit everyone.
BUSINESS
Indians' individual wealth grew 14% in FY18 boosted by financial assets: Karvy
The higher income levels of millennials have led to increased household savings which is making their way to the financial assets through mutual fund route.
