The FinTech Hub
Source: Live Mint Indian banks and prominent financial institutions are facing margin pressure according to S&P Global Market Intelligence, as detailed in a report by ANI. The report further elaborated that loan growth in six of India’s biggest banks on an aggregate basis is expected to decline to 12.3% in the fiscal year closing March…
Source: Live Mint As the Indian economy evolves and we witness technological transformations it is natural to see the increased used of internet and aligned digital services to make lasting improvements in the lives of individuals. These developments help in making the process of distributing short-term loans, instant personal loans among other associated services seamless. …
Source: Live Mint Personal loans help in securing one’s economic future. They help the borrower in navigating difficult financial challenges in a seamless way. That is why it is important to select a lender that offers the best interest rates, customer care services and flexibility in loan repayment. It is also important to carefully check the…
Source: Live Mint Once your credit score rises above 750, many financial benefits open to you by way of lower interest rates on loans and credit cards, better insurance rates, and more access to credit. If you are hovering around 600, this will serve as a good helper guide for achieving your goal. Credit score…
Source: Live Mint Credit cards today are the essential tools for managing funds, making purchases, and building good credit. But your credit score is an essential component of determining your credit-worthiness when you apply to a credit card place. Credit ratings and how they influence your credit card experience are elaborately discussed here. Credit cards…
Source: Live Mint In November 2024, the Reserve Bank of India released the report on Trend and Progress of Banking in India. As per the report, a total of 18,461 banking operations frauds involving Rs. 21,367 crores were reported in FY 2023-24 till September end. Of these, the maximum number of frauds (13,133) were related…
Source: Live Mint Focused on managing a home loan and investing in over ten mutual fund schemes, Singh delayed signing up, opting instead for a higher in-hand salary. His decision, influenced by hopes of the old pension scheme (OPS) returning in some form, highlights the financial dilemmas faced by young government employees navigating between immediate…
Source: Live Mint A good credit score is one of the pre-requisites for obtaining a loan. The credit score is mainly dependent on your credit report. But what happens if your loan application is rejected due to inaccuracies and outdated data on your previous loans in your credit report? The decision to grant a loan…
Source: Live Mint The ease of lending based on an Aadhaar makes it easier to get small, personal loans. We have provided instructions on how one can get an ₹2,000 loan that is based on one’s Aadhaar card, combined with its pros and success hints, regardless of whether this is for something urgent or more…
Source: Live Mint The stock prices of private banks that have reported an increase in bad loans in their personal loans and micro-credit businesses are bearing the brunt of investors’ fears of a U-turn in the asset-quality cycle for the country’s banks, reported Reuters. RBL Bank’s shares declined as much as 5.8 per cent on…
