The FinTech Hub
Source: Live Mint Although the US Federal Reserve refrained from surprising markets and trimmed the benchmark interest rate by 25 bps to 4.50 – 4.75 per cent on November 7, markets seemed disappointed by Chair Jerome Powell’s tone, which suggested uncertainty about the future path of interest rates. In the September meeting, the US Fed…
Source: Live Mint The September quarter (Q2FY25) result of PB Fintech Ltd was a mixed bag. Revenue from its core business of online insurance broking through Policybazaar.com grew 41% year-on-year to ₹624 crore. The surge was aided by a 49% rise in insurance premiums collected online. Revenue rose at a slower rate than premium, indicating…
Source: Live Mint MUMBAI : With real estate prices going through the roof post the pandemic-induced slump, the aspiration for homeownership has become notably challenging for many Indian millennials. Mint has designed this guide to clarify the path to owning a home for millennials, address the obstacles mid-career professionals face, explore available government assistance, and…
Source: Live Mint If you are planning to lock your savings in a fixed deposit (FD), it is reasonable to check the interest rates offered by different banks. Although most depositors prefer to open a term deposit account with a bank with which they share a long-term banking relationship, one can consider opting for a…
Source: Live Mint Nearly one-and-a-half years after the Reserve Bank of India (RBI) announced withdrawal of ₹2,000 denomination banknotes on May 19, 2023, the total value of banknotes which have yet not been returned stands at ₹6,977.6 crore as on Oct 31, 2024, shows the RBI data. The latest data revealed that the currency banknotes which have…
Source: Live Mint PIB Fact Check: The government’s Press Information Bureau (PIB) has warned unsuspecting customers to be aware of a ‘SBI Rewards’ scam being used by fraudsters. In a post on social media platform X (formerly known as Twitter), the PIB Fact Check account warned users “never to download unknown files or click on…
Source: Live Mint However, leveraging shares comes with conditions and risks that need careful consideration. How loan against shares works A loan against shares (LAS) allows borrowers to pledge their equity holdings as collateral for an overdraft facility, offering flexibility by charging interest only on the utilized amount. For example, if shares worth ₹10 lakh…
Source: Live Mint India’s household savings as a proportion of our GDP is declining. In its latest Financial Stability Report (June 2024), the Reserve Bank of India has also noted that while net financial savings have declined in 2022-23, financial liabilities have gone up thanks to retail loans for consumption and investment. Rise of personal…
Source: Live Mint Credit card tokenisation is the process of replacing the 16-digit number on a card with a unique combination of numbers called a token. This approach enhances the security of credit card transactions by ensuring that personal details are not included in the token. Tokenisation is commonly used by online platforms such as…
Source: Live Mint If you regularly invest in foreign exchange (forex), then make sure you do so through genuine and authorised trading platforms. There could be a scenario wherein a fake trading platform entices you into investing in foreign currency pairs. The Reserve Bank of India (RBI) recently updated its Alert list to warn investors…
