Jun 30, 2022 03:07 PM IST

Are student loans from foreign fintech firms a good idea?

Explained | The A-Z of Inflation: 10 key terms you must know

Ever wondered what lies beneath the headlines on growth or inflation numbers, and the jargon associated with the two most important macroeconomic indicators? Want to understand how can an economic recovery be described by letters of the alphabet? If such questions leave you scratching your head, then this ready-reckoner is all you need! Watch the video to learn about the terms key to understanding the economic turmoil prevailing in India and the world.

Government weighs 100% divestment from privatised PSU banks: Report

Amendments to the Banking Companies Act will look at reducing the mandatory requirement of 51 percent government holding in PSBs

Yes Bank’s floating rate FD aims to benefit from interest rate hikes. Should you invest?

Individuals with a preference for FDs can hold 40 percent of their savings in floating-rate FDs and the remaining 60 percent in traditional fixed-rate FDs.

Select banks raise savings account interest the most after RBI hikes repo rate

Small and new private banks are offering higher interest rates on savings accounts compared to leading private and public sector banks to acquire new retail customers

Banking | Creative destruction of existing models will pose new challenges for regulators

The core function of banking will remain, but the way we understand a bank in terms of branches and bank officers, is going to change forever 

Explained: How tokenisation, which kicks off on July 1, will make your credit and debit cards safer

Stolen credit and debit card details stored on shopping portals can result in misuse of cards. That changes when India implements card tokenisation on July 1

AU Small Finance Bank launches customisable credit card

The AU Bank 'LIT' (Live-It-Today) Credit Card, offers a unique value proposition to cardholders – to choose the features they want and for the time period they want.

What are floating rate fixed deposits?

Are you a big spender using a credit card? Well, here are the best cards with milestone benefits

Affluent spenders using credit cards must have a disciplined approach. They must avoid overspending to achieve milestones, bonus rewards, and waiver on annual renewal fees.

Planning to apply for foreign education loan? Know the do’s and don’ts while applying for a loan

Financial institutions process education loan applications after evaluating the admission letter because education loan amount varies with the country, program you have applied for, university offering the admission and several other factors.

RBI blueprint for 2025 lists control over BigTech, FinTech and BNPL, launch of digital currency

Adoption of digital payments was growing before the onset of the COVID-19 pandemic, but steps taken by the RBI along with additional thrust provided by the pandemic have accelerated the shift, it added

How RBI's repo rate hike has pushed these private banks to offer up to 6.75% interest on savings accounts

Smaller and new private banks are offering higher interest rates compared to leading private banks

Banking | Are Indian investors of a lesser god?

By requiring only limited public reporting on asset quality, banks in India have enjoyed a level of opacity that banks in other jurisdictions do not

Online shopping, travel, dining: Best credit cards for millennials

Millennial customers should use the credit cards smartly and responsibly. Avoid overspending to earn bonus points and to waive off annual renewal fees.

HDFC increases retail prime lending rate on housing loans by 50 bps

Kotak Mahindra Bank and ICICI Bank have also hiked their interest rates recently.

RBI raises rate: Part-prepayment, higher EMI to keep your home loan interest outgo in check

Look at cutting your expenses to voluntarily pay higher EMIs, use annual bonuses to prepay part of your loan

E-mandate limit for recurring card payments hiked to Rs 15,000: What it means for users

Increase in the e-mandate limit will help users leverage benefits available under the framework to a greater extent and enhance customer convenience.

RBI Monetary Policy | Borrowers to see a steep hike in EMIs, interest burden

For depositors, this signals a further increase in their deposit rates, but high inflation means that real returns will remain muted

Studying abroad? Be aware of these 5 additional costs linked to your education

First, estimate your expenses after some thorough research. Then budget for them before departure. You will need to factor in pre-departure expenses, external coaching fees, deposit for rented accommodation and other costs.

Should you shift from MCLR to repo-linked loans?

Citigroup to hire 3,000 in Asia institutional banking business in growth push

Citigroup Inc (C.N) intends to hire 3,000 new employees for its Asia institutional business in the coming years, focusing on a fast-growing region where it has departed consumer banking in most regions, according to Citi's top executive.

Managing home loans during a rising interest rate regime

Home loan lenders allow borrowers to prepay their entire outstanding balance or part of it. On making prepayments, borrowers can either opt for EMI reduction or tenure reduction.

Banking | A need for borrower-centric regulations in lending

Flexibility has to be an essential element of any regulatory norm prescribed for small borrowers, or borrowers whose cash inflows happen only once a month or quarter 

As private sector bank rates on three year FDs for senior citizens go as high as 7.1%, is it time to invest?

FDs offer liquidity and ensure interest income periodically