The FinTech Hub
Source: Live Mint In the stock markets, what lies ahead often matters more than what has already been done. If this sounds perplexing, consider the US Federal Reserve’s policy decision on December 18. The Fed lowered benchmark interest rates for the third time in a row, cutting by 25 basis points. Yet, major markets across…
Source: Live Mint Axis Bank has rolled out several changes in its credit card rules, starting December 20, 2024. The changes are related to finance charges, cash payment fees, currency conversion markup, lounge access and others. Here, we list out the key changes the private lender is rolling out for its credit card users. Key…
Source: Live Mint 2024 has been a year of twists and turns for investors, marked by volatile markets, geopolitical events and evolving global dynamics. If you’ve wondered how to navigate through uncertainty, this year offered a masterclass in what it takes to stay ahead in the game. Here are some key takeaways from 2024 that…
Source: Live Mint Salaried employees do not face many challenges when applying for credit cards or loans when compared to self employed individuals. This is because of the fact that self employed individuals generally face difficulties while providing fixed income proofs. This increases the risk for lenders in providing you credit cards. However, many lenders…
Source: Live Mint “My two claims got rejected in a span of one year. The ombudsman issued an award in my favour in the first one, but when they discovered that a company had helped me out in the first claim, they did not hear my case and passed the award against me in the…
Source: Live Mint New Delhi, Investors’ wealth eroded by ₹9.65 lakh crore in four days of sharp decline in the equity market where the BSE benchmark Sensex tanked 2,915 points. In the past four days, the BSE benchmark slumped 2,915.07 points or 3.54 per cent. Falling for the fourth day running on Thursday, the 30-share…
Source: Live Mint Instant loan apps have transformed the lending scenario by providing quick and easy access to finances with just a few clicks on your phone. However, as such apps gain popularity in the financial landscape, the scams associated with them have risen as well. 1. Registered and authorised by RBI The Reserve Bank…
Source: Live Mint As the Year 2024 is set to end in a few days, investors are expected to avoid repeating the mistakes they made in the past. Some investors tend to rebalance their portfolio to enter the New Year with a fresh energy and vigour. The idea behind rebalancing is to leave the past…
Source: Live Mint Blame it on geopolitical tensions, global economic weakness, or elevated interest rates, among other factors, but the Indian stock market saw significant volatility in the calendar year 2024. Sample this: Between March and June 2024, the equity benchmark Nifty 50 remained rangebound, fluctuating between 22,339 and 22,821 levels, advancing by barely 500…
Source: Live Mint Faced with the rapid proliferation of digital technologies and an ever-increasing millennial/Gen Z customer base, major banks across the US and Europe reduced their physical branch network over the last decade. While the underlying thought process did influence strategic thinking globally, Indian banks bucked the trend. Instead, they focused on branch expansion,…
