The FinTech Hub
Source: Live Mint Raising a loan is not unusual anymore, particularly for salaried people, in today’s time and age. If you fall short of money while you are planning to go on a vacation or to buy jewellery, you can raise a personal loan. Additionally, if you need money to repay your current debt, you…
Source: Live Mint MUMBAI, Dec 26 (Reuters) – Indian banks’ financial position has stayed robust, marked by the sustained expansion in loans and deposits, while their gross bad loan ratio has dropped to multi-year lows, a central bank report showed on Thursday. Banks’ gross non-performing assets ratio (NPA), or the proportion of bad assets to…
Source: Live Mint Conservative investors who refrain from investing in equity tend to invest in financial instruments that give assured returns. These instruments include post office schemes or small savings schemes. There are a number of small savings schemes that offer tax benefits along with assured returns to investors. Investments in these schemes not only…
Source: Live Mint India is home to over 300 million self-employed individuals, accounting for nearly 50% of the workforce. This diverse group includes gig workers, small business owners, freelancers, and independent professionals like doctors, lawyers, and architects, among others. Read this | Your rights in life and health insurance claims: Unpacking the moratorium clause Self-employment…
Source: Live Mint The total assets managed by the mutual fund industry jumped nearly 40 per cent in a year to ₹68.05 trillion in November 2024, a 39.59 per cent jump over November 2023, according to the latest data from the Association for Mutual Funds in India (AMFI). Interestingly, the increase is primarily attributed to…
Source: Live Mint Buying a home is one of the crucial decisions of life, and it requires years of planning and investment. While many rely on investments to buy their dream home, others borrow money from lenders to fund the purchase of their new house. A home loan is a significant liability, and knowledge of…
Source: Live Mint My corporate insurance has a room rent cap, but my retail insurance policy doesn’t have it. How will this impact my claim if I stay in a higher-category room? – Name withheld on request If a policy has a room rent cap, it can lead to proportionate deductions, which could significantly reduce…
Source: Live Mint The rate hike in the Goods and Services Tax (GST) on used cars has become the talk of the town after the GST Council, in its last meeting, prescribed a single rate of 18 per cent on the sale of old and used vehicles. The increase in the GST rate has raised…
Source: Live Mint Here’s a quick look at the performance of different asset classes in 2024. India equities: taking a breather Unlike last year, when Indian stock markets were on a tear with the BSE 250 SmallCap Total Return Index (TRI) delivering 47.3% returns, this year the stock markets seem to have taken a breather….
Source: Live Mint Mumbai: It’s that time of year when people plan fresh starts. While gym memberships are part of many people’s resolutions, some take a step back to review their investment portfolios. In fact, several people make it a habit to review their portfolios at the end of every year. But the question remains:…
