Every bank needs to maintain a balance between the credit card rewards offered to customers and profitability. The balance ensures the rewards program can be provided to customers on a sustainable basis in the long term. Banks like HDFC Bank and Axis Bank have restructured the benefits on their credit cards in the recent past. … Read more
On 8th August 2024, the Reserve Bank of India (RBI) made an important announcement about the frequency of credit information reporting by banks/NBFCs to credit information companies (CICs) like CIBIL and others. What is this announcement, from when is it applicable, and how will it help banks/NBFCs and borrowers? Let us understand. Credit information to … Read more
A structured budget is essential for managing your finances effectively. It not only helps during emergencies but also secures your financial future. While credit cards can be a double-edged sword, when used wisely, they can significantly enhance your budgeting efforts. The key risk lies in impulsive spending, which can lead to debt traps. However, with … Read more
I’m in my early 30s, married with a young child, and working in an IT company for 10 years. I’ve saved in mutual funds, fixed deposits, PPF, and stocks. We currently live in a rented apartment, but I’ve found a property that fits our budget. The house costs ₹85 lakhs, requiring a ₹25 lakh down … Read more
Funding is one of the biggest requirements for most businesses to survive or sustain. Funding can come from equity, debt, or other sources. Many organisations rely on business loans for their various needs. Lenders consider several parameters to decide whether the business is eligible for a loan and what should be the interest rate charged. … Read more
The aim is to include assets that are uncorrelated or have low correlation with each other. Equities, debt, cash and gold are the most common asset classes in a portfolio, each providing a distinct flavour and benefit. Equities, while having the potential for higher returns, can be volatile in the short term, triggering concerns over … Read more
However, while the bank makes the loan sanction and disbursement part smooth, you should make sure the repayment part is smooth. Let us discuss some personal loan mistakes you should avoid for smooth repayment. Also Read: Applying for a personal loan? Here are essential dos and don’ts you must keep in mind Opting for a … Read more
In an interview with MintGenie, Kathuria said that the repayment period for top-up home loans usually goes up to 15 years, with some lenders offering loan tenures of 20 or even 30 years. Edited Excerpts: Q. Can you summarize how top-up home loans work for existing borrowers? How do they differ from traditional home loans, … Read more