The FinTech Hub
Source: Live Mint India FD interest rates comparison: Public and private banks in India offer a varied range of fixed deposit (FD) interest rates, and it is thus recommended that you compare most options available before making an investment. At present, most banks offer a higher interest rate for term deposits with longer tenures, compared…
Source: Live Mint However, leveraging shares comes with conditions and risks that need careful consideration. How loan against shares works A loan against shares (LAS) allows borrowers to pledge their equity holdings as collateral for an overdraft facility, offering flexibility by charging interest only on the utilized amount. For example, if shares worth ₹10 lakh…
Source: Live Mint Instant personal loan is a type of unsecured loan which gives quick access to money with minimal documentation and fast approval, sometimes within minutes or a few hours. Instant personal loans are generally offered by banks, non-banking financial companies (NBFCs), or fintech lenders and are quite handy to address short-term financial needs,…
Source: Business Standard The RBI also asked them to refer to the accessibility standards issued by the Ministry of Finance in February. (Photo: PTI) 2 min read Last Updated : Oct 11 2024 | 4:42 PM IST The Reserve Bank of India on Friday asked banks to review their payment systems to ensure easier…
Source: Business Standard The central bank also emphasised that a siloed approach should be avoided. | Photo: Reuters 2 min read Last Updated : Oct 10 2024 | 5:38 PM IST The Reserve Bank of India on Thursday asked banks, NBFCs, and other entities regulated by it to use information obtained from all relevant…
Source: Live Mint A personal loan is an unsecured loan given to meet immediate financial needs of people. Lately, it is quite common for banks to offer instant loans in this category. These instant loans are given to meet urgent financial assistance. There could be a number of reasons for which an instant personal loan is…
Source: Business Standard 2 min read Last Updated : Oct 07 2024 | 3:47 PM IST HDFC Bank has raised its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) on select tenures, effective October 7. Consequently, HDFC Bank’s MCLR now ranges from 9.10 per cent to 9.50 per cent,…
Source: Live Mint A robust quarter-on-quarter (QoQ) growth of 7.9% (28.7% annualized) in home loans outstanding supports this trend, and expected rate cuts are likely to further boost growth. View Full Image (Home Loans) As a result, most listed housing finance companies have seen a significant re-rating in their price-to-book (P/B) ratios, a common valuation…
Source: Business Standard 2 min read Last Updated : Oct 04 2024 | 1:39 PM IST Visa Inc. has launched a new platform to help banks issue stablecoins and other fiat-backed tokens internationally. The Visa Tokenized Asset Platform (VTAP) will go live next year. Click here to connect with us on WhatsApp…
Source: Live Mint Stock Market Today: The benchmark Nifty 50 index gained 14.91% during the April-September 2024 period or the first half of FY25. Against this backdrop, five key indices emerged as underperformers during the period. These include Nifty Oil & Gas, Nifty Energy, Nifty Private Bank, Nifty Bank and Nifty PSU Bank indices. While…
