Why over 50% of urban poor in India still rely on informal credit systems? Find out | Mint

Why over 50% of urban poor in India still rely on informal credit systems? Find out | Mint

Source: Live Mint The reliance of urban poor households on informal credit systems remains a significant challenge in the journey toward financial inclusion. Despite advancements in formal banking services, over 50% of urban poor households in India continue to rely on informal credit sources, contributing to an unorganised lending market estimated at nearly $100 billion….

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Top 3 credit cards for women: Exclusive perks on shopping, dining, groceries and more | Mint

Top 3 credit cards for women: Exclusive perks on shopping, dining, groceries and more | Mint

Source: Live Mint Credit cards are dime a dozen these days with banks focusing on specific categories that include grocery, shopping, travel, dining, cashbacks and reward points to woo customers. How about credit cards for women? Banks are offering credit cards that are designed exclusively for women customers now. In addition to ‘HDFC Solitaire Credit…

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Lost track of mutual fund units? Sebi moots MITRA to help investors reclaim inactive MF folios | Mint

Lost track of mutual fund units? Sebi moots MITRA to help investors reclaim inactive MF folios | Mint

Source: Live Mint Capital market regulator Securities and Exchange Board of India (Sebi) has proposed a platform to give relief to those investors who have lost track of their mutual fund investment. By releasing a draft circular on Tuesday, Sebi has expressed the intent to launch a service platform, MITRA or Mutual Fund Investment Tracing…

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