The FinTech Hub
Source: Live Mint As terrible as the pandemic was for the world, one positive outcome was that stock markets piqued the interest of the youth in India. As work-from-home ensued and stock markets rallied, retail investor participation in Indian equities skyrocketed. From just 4 crore demat accounts in FY20, the number of demat accounts in…
Source: Live Mint The stock market slid on Monday in response to tremendous selling pressure on concerns around the HMPV virus, and on foreign institutional investors (FII) sell-off, resulting in benchmark indices declining by over 1.5 per cent. Amid all this, sectoral indices witnessed steep losses and the worst-affected sectors included Nifty PSU Bank, Metal,…
Source: Live Mint If you face a temporary cash crunch and are in an urgent need of funds, you can use the gold sitting in your locker to tide over your cash flow issues. Banks and non-banking financial companies (NBFCs) offer gold loans for tenures as short as three months to as long as five…
Source: Live Mint HDFC Bank has cut its marginal cost of funds-based lending rate on select tenures by upto 5 basis points. After the change, MCLR will now range between 9.15 percent and 9.45 percent. The new rates will come into force from Jan 7, 2025 onwards. What is MCLR? MCLR refers to the marginal…
Source: Live Mint When he became an investment manager, he adopted an absolutely opposite approach. He no longer believed in the eraser. He built a reputation for his ability to stick to his convictions, even if it meant lagging the markets for a while. Jain’s track record in HDFC Asset Management Co. Ltd as one…
Source: Live Mint Most banks give reward points to their credit cardholders for transactions in specified categories. It is one of the ways in which banks reward their cardholders for using the credit cards. Cardholders can use these reward points in various ways. Most cardholders use them to pay for purchase transactions, avail of statement…
Source: Live Mint At the time of opting for a credit card, it is recommended to choose the one which aligns with your specific lifestyle needs. For instance, if you regularly shop at a particular brand outlet, then it doesn’t harm to apply for the credit card that gives cashback for shopping there. Similarly, if…
Source: Live Mint Loans are a convenient way of getting financial assistance if you are in an emergency and need quick cash or if you want to buy your dream vehicle but are falling short of funds. If planned properly, loans can help you achieve financial independence so that you can fulfil your dreams by…
Source: Live Mint The financial market has transformed over the years which has revolutionised the entire lending and borrowing process. One of the major innovations which has reshaped the sector are loan aggregators. These platforms connect lenders and borrowers efficiently and transparently, which act as a bridge in meeting challenges such as accessibility, cost-efficiency, and…
Source: Live Mint Credit cards are no longer just a luxury but have indeed become a part of your lifestyle. With the benefits of credit cards, you no longer have to worry about spending immediate cash. The lender pays your bill on your behalf and you do not have to worry about it till the…
