-
Big relief for borrowers with loan against properties
Additionally, any charges levied and recorded with any registry on such properties should also be removed within this time frame.
-
Card defaults surge to Rs 4,073 cr
While it is easy to obtain and recklessly use a credit card, it is just as easy to spiral into an endless debt trap. Moreover, India has one of the hi
-
Story of ever rising debt situation in India!
According to data by the Reserve Bank of India, in June 2023, Indians spent around ₹88,379.85 crore through credit cards online, while debit card tr
-
Deluge and Dilemma : The co-branded card saga
Axis has tied up with Flipkart for a co-branded card, with Visa as their network. The Amazon-ICICI card also has Visa as their provider. In such a cas
-
New TCS rates from Oct 1, 2023
The government has deferred implementing the 20% TCS rate on LRS for other purposes till October 1, 2023. For now, credit card spends overseas has bee
-
Your loans won't get costlier
The Reserve Bank kept policy rates unchanged at 6.5% and growth target for FY24 at 6,5%. It has kept the inflation rate target at 5.1%
-
Gone are the days of cheap loans
Loans available for banks have become expensive by about one percent. Now big question is how expensive will loans become for end consumer?
-
Why FIIs are angry with Stock Markets?
To curb inflation, the Reserve Bank of India made loans expensive. Debt became expensive not only in India, but also globally.
-
Banks comply with RBI’s new norms on recurring card payments
Banks account for over 95% of credit cards in the market
-
Protection of NBFC customers’ interest non-negotiable: RBI deputy governor
He said at the NBFC Summit that we should not compromise on the ethos of finance for mercurial or ephemeral gains
