The FinTech Hub
Source: Live Mint Before getting a personal loan, various factors such as credit history, banks, income, and employment type, among many other factors, may determine interest on your loan. These factors are directly related to the borrowers and lenders. However, there are certain factors beyond the control of a borrower and a lender that may…
Source: Live Mint Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, were generally subdued on Monday. Gains in cement manufacturer Ultratech and Grasim Industries helped offset broader losses, which were driven by concerns over domestic economic growth and its impact on the central bank’s monetary policy decisions. Data released late Friday indicated…
Source: Live Mint Manufacturing activity has slowed amid worries that India’s consumption story is fizzling out. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to 56.5 in November from 57.5 in October. A reading above 50 indicates expansion. A key highlight of the November PMI survey was that Indian goods producers increased…
Source: Live Mint Stock Market News: On Friday, the last trading session of the week, the domestic benchmark indices, Nifty 50 and Sensex, showed positive movement, marking a step forward for the Indian stock market. Despite the volatility experienced over the past few weeks, which has been influenced by factors such as fund outflows, lower-than-expected…
Source: Live Mint Gone are the days when a loan seeker had to literally run from pillar to post to procure a personal loan. Now with a barrage of loan options to choose from, consumers do not need to rely on a large financial institution alone. Besides a large bank, one can also approach an NBFC…
Source: Live Mint A credit card typically carries a credit limit that keeps a cap on its usage. This means if a credit card’s limit is ₹10 lakh then the card user can spend upto ₹10 lakh. But what if on a particular occasion, you have a need to spend over ₹12 lakh. Well, out…
Source: Live Mint Mumbai: Microfinance Institutions Network (MFIN), the self-regulatory organization for the sector, expects the current bad loan stress that microlenders face to stabilize by January next year with new rules in place. On Monday, the MFIN tightened the guidelines around microlending, after it first came out with the norms in July. The sector’s…
Source: Live Mint The Reserve Bank of India (RBI) has identified significant gaps in gold loan disbursement practices, prompting major changes in the sector. Lenders are now shifting from traditional bullet repayment options to monthly Equated Monthly Instalments (EMIs) and term loans to address regulatory concerns, as per a report by Times of India. On…
Source: Live Mint The Reserve Bank of India (RBI) had extended the transaction limit from ₹5,000 to ₹10,000 for UPI 123Pay on October 9. As a follow up, National Payments Corporation of India (NPCI) has issued a circular telling the members (including banks and service providers) to ensure that the new limits are adhered to….
Source: Live Mint After experiencing a sharp correction following Donald Trump’s election victory, gold prices are beginning to show signs of recovery. Over the last two trading sessions, gold prices have surged by as much as ₹1,639 per 10 grams. This resurgence is primarily attributed to a pause in the dollar index’s relentless rally, which…
