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
Shares of Poonawalla Fincorp, the Cyrus Poonawalla Group-promoted non-banking financial company (NBFC), crashed on Friday after the firm posted a net loss in the September quarter of the financial year 2024-25. Poonawalla Fincorp shares tanked 16.89 per cent to ₹297.65, compared to ₹358.15 at the previous market close. The company released its financial results for … 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
Instant personal loan is a type of unsecured loan which gives quick access to money with minimal documentation and fast approval, sometimes within minutes or a few hours. Instant personal loans are generally offered by banks, non-banking financial companies (NBFCs), or fintech lenders and are quite handy to address short-term financial needs, which include but … Read more
However, not all is rosy. Between February 2014 and February 2023, the stock delivered 0% returns—no growth for nine long years. View Full Image (Source : www.tradingview.com) This is a textbook case of how equity returns can be unevenly distributed over time. Here’s a deeper dive into the story behind these numbers. From chit funds … Read more
Foreign portfolio investors (FPIs) have shown erratic behaviour when it comes to investing in finance and banking stocks, with buying sprees frequently interrupted by periods of selling. After significant selling of financial stocks by FPIs in January and February, March saw renewed interest, only for the selling to resume in April and May. The pattern … Read more
If you are staring at the shortage of funds on account of a wedding party that you have planned, an unanticipated emergency that has arisen, or a vacation that you have been looking forward to — you can arrange the money via a personal loan. You can raise a personal loan from a government bank such … Read more
Have you ever wondered what you would do if you had a fixed deposit with an NBFC but wanted to prematurely withdraw it due to an emergency? Well, the latest guidelines issued by the Reserve Bank of India (RBI) make provision for this. The banking regulator released a regulatory framework via a circular dated August … Read more
Bajaj Finance raised its fixed deposit (FD) interest rates recently. The NBFC offers interest rate in the range of 7.4 percent to 8.10 percent. When tenure is between 12-14 months, the annual interest is 7.40 percent. Bajaj Finance FDs are rated AAA/Stable financial instruments by Crisil. And when FD tenure is between 15-23 months, the … Read more