Summary The RBI has mandated guidelines for settlement of personal loan and credit card dues to achieve fairness and transparency. The guidelines are supposed to make lenders follow organized, ethical methods, such as policy for compromising settlements approved by the board and transparency of terms to the borrowers. The borrowers are entitled to receive original […]
RBI Guidelines for Personal Loan Settlement Process Read More »
Summary The Reserve Bank of India (RBI) has made headlines by announcing a record surplus transfer of ₹2.5 lakh crore to the Government of India for the financial year 2024–25. This is the highest-ever dividend transfer in India’s history, much larger than previous years. The massive surplus is mainly due to the RBI’s strong earnings
RBI to Shower ₹2.5 Lakh Cr on Govt in FY25! Read More »
Summary The RBI has introduced new initiatives such as the revised coverage ratio (LCR) norms to release $35 billion and facilitate credit growth and economic turnaround. This will release ₹3 trillion of funds lying with the banks, boosting the latter’s capability to lend and provide loans to the business and the consumer at reasonable rates.
RBI new liquidity norm to free up $35 billion, likely boosting credit growth Read More »
Summary Fraudulent loans that were approved are loans (Loan Settlement) borrowed in your name and details without your knowledge. It can negatively impact your credit history, financial standing, and state of peace of mind. However, if you respond quickly and follow the right course of action, you can shield yourself and put the situation right.
How to settle fraudulently sanctioned loans? Read More »
Summary It is very stressful to get harassed by the bank during repayment of a loan, but do not forget that you also have some legal rights. If, due to personal or financial reasons, you are unable to repay your loan, you can negotiate for the settlement of the loan. There are certain banks or
How to handle bank harassment during loan settlement? Read More »
Summary The ICICI Bank Carbon Credit Card is a secure, next-generation credit card for customers who desire digital security and convenience. It differs from others in that the card number, expiry date, and CVV are not printed on the card but are stored safely in the chip of the card and are only visible on
ICICI Bank Carbon Credit Card: Features & Benefits Read More »
Summary The ICICI Bank British Airways Premium Credit Card is a travel credit card that was introduced in association with British Airways, which is specifically tailored for frequent flyers. It provides an extensive array of travel and lifestyle privileges that make it perfectly suited for individuals who travel very frequently abroad or domestically within India,
ICICI Bank British Airways Premium Credit Card: Features Read More »
Summary IndianOil Axis Bank RuPay Credit Card is a very convenient finance option, especially for individuals who spend large amounts of fuel and desire to earn reward points on their regular spends. The co-brand card provides differential benefits based on differential needs. The primary advantage is the quick reward points on fuel spends at IndianOil
IndianOil Axis Bank RuPay Credit Card: Features & Apply Read More »
Summary Shriram Housing Finance Ltd., the prominent affordable housing finance company and a group entity of Shriram Finance, clocked an unprecedented 60% quarter-on-quarter growth in fourth-quarter net profit of FY2023- 24 at ₹99.2 crore. The healthy growth is an indication of the company’s strong performance and strategy-driven concentration in mass markets, especially Tier 2 and
Shriram Housing Q4 Profit Soars 60% to ₹99.2 Cr! Read More »
Summary The FY25 financial year for Bajaj Housing Finance recorded a 25% growth in its net profit at Rs 2,163 crore. The performance of the business was underpinned by a 20% growth in its net interest income and an AUM jump by 26% at Rs 1.15 lakh crore. The company’s key concerns were growing its
Bajaj Housing Finance Reports Rs 2,163 Crore Net Profit for FY25 Read More »
Fill out the form below, and we will be in touch shortly.
