The FinTech Hub
Source: Live Mint If you are planning to raise a personal loan, it is important for you to know that your credit score should be high. For those who are unaware, credit score is the measure of a borrower’s creditworthiness. Lenders require personal loan applicants to have a good credit score which means the borrower is worthy of…
Source: Live Mint In today’s financial ecosystem, using a credit card has become more of a norm than a choice. At the same time, making payments through UPI – by and large – has surpassed debit card payments by a wide margin. The value of UPI payments spiked from ₹17.15 lakh crore in Oct 2023…
Source: Live Mint Fintech player CheQ, founded by ex-Flipkart executive Aditya Soni, has rolled out Wisor, which is an AI-powered credit card expert, designed to turn credit card chaos into clarity. This innovation – the company believes — is set to redefine how millions of Indians interact with their credit cards, offering personalised insights, effortless…
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…
Source: Live Mint Are you contemplating applying for a credit card and worried over the delay that the banks take in issuing it? Well, there is an alternative – you can instead apply for an instant credit card. Those who are not aware – an instant credit card is issued instantly, sometimes within a few…
Source: Live Mint Telecom major Bharti Airtel is set to offer non-banking lender Bajaj Finance’s financial products in India, the companies said on Monday, reported Reuters. At the start, Airtel will offer Bajaj Finance’s products through its mobile application, and later through its physical stores, both the companies said in a joint statement. This partnership…
Source: Live Mint IDFC FIRST Bank, in partnership with RuPay, has announced the launch of the UPI-enabled FD-backed secured credit card. Known as FIRST EARN, it is backed by fixed deposit, thus enabling everyone to avail it. It also offers cashback on UPI payments thus making the product rewarding for users. Additionally, fixed deposit creation…
Source: Live Mint While maintaining a positive outlook on IT, pharmaceuticals and chemical sectors, Varun Goel, Senior Fund Manager (Equity) of Mirae Asset Investment Managers says that he does not expect any major change in capital gains taxation or exemptions for mutual funds in Budget 2025. In an email interaction with Mint, he shares his views on investing in…
Source: Live Mint A credit card is a financial instrument which almost every salaried person is expected to possess. It helps you make payments on credit and streamline your finances on monthly basis. As soon as young people start earning in a corporate job, they apply for a credit card in no time. It is,…
Source: Live Mint Have you ever wondered how a bank approves a personal loan within a few hours, sometimes within minutes, of applying? Is this because the bank knows you personally, or does the lender repose so much faith in you? Well, it could be the case but there is a process that works in…
