The FinTech Hub
Source: Live Mint If you are planning to lock your savings in a fixed deposit (FD), it is reasonable to check the interest rates offered by different banks. Although most depositors prefer to open a term deposit account with a bank with which they share a long-term banking relationship, one can consider opting for a…
Source: Live Mint If you want to make the most of the high interest rates which prevail in the current market, you may consider locking some of your savings into fixed deposits. Meanwhile, equity markets are declining on foreign investors’ selling spree, and Nifty50 is already 8 percent down from its all-time high. So, relying…
Source: Live Mint If you have missed the credit card payment deadline, you will be liable to pay an interest rate on the outstanding amount. The interest is usually high (between 2.5 to 4 per cent) and charged on a monthly basis. It is worth remembering that interest starts not from the due date of…
Source: Live Mint The Bank Nifty, which has lagged behind broader indices over the past few months, is showing signs of resurgence. A strong performance by HDFC Bank and Axis Bank, coupled with a mixed showing from Kotak Mahindra Bank, suggests the index could lift the markets in the coming sessions. Although rising deposit rates…
Source: Live Mint After keeping the benchmark interest rate unchanged for ten consecutive meets, Reserve Bank of India (RBI) is expected to cut the repo rate in the next monetary policy committee (MPC) meet scheduled in December. It is, therefore, recommended to lock your savings in fixed deposits (FDs) for as long as possible, argue…
Source: Live Mint In 2024, despite the momentum in financialisation, the Nifty Bank index has underperformed, rising only 7% compared to the Nifty 50’s impressive 15.6% gain. This gap signals investor hesitation, with key banking stocks hovering around critical levels in both the public and private sectors. However, many banks maintain solid fundamentals and have…
Source: Live Mint Before investing in a fixed deposit (FD), it is common, and even advisable, for investors to look for banks or financial institutions which offer highest interest rates on their deposits. Although it is common for banks to offer higher rates for long-duration deposits, one can still opt for short-term deposits to meet…
Source: Live Mint If you are planning to open a fixed deposit (FD) account, it is advisable to first compare the interest rates offered by different banks. Although depositors tend to opt for the bank with which they share a long-term relationship, they can still choose a bank that gives them a higher rate of…
Source: Live Mint When singer and actor Diljit Dosanjh announced the India leg of his tour on 4 September, his fans across the country immediately started scrambling for tickets. Along with the tickets came another important bit of information: HDFC Pixel Play credit card holders would get exclusive access to book the tickets ahead of…
Source: Live Mint However, this “pain” is self-inflicted because, as of the latest reporting period, it holds nearly 17% of assets under management (AUM) as cash (money market). The only mutual fund with a higher cash allocation is Quant Mutual Fund, which holds 19% of the total AUM in cash. For PPFAS, the significant cash…
