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Low interest rates on credit cards not to cause disruption: COO, IDFC First Bank

MUMBAI, Jan. 18 -- IDFC First Bank is taking a different approach to the credit card business, where it is a late entrant. Typically, issuers have looked at credit cards as a convenient payment model,... Read More


Despite low returns, arbitrage MFs may make sense for some investors

NEW DELHI, Jan. 15 -- The calendar year 2020 was not good for arbitrage funds. Most of them recorded their worst monthly performance in May 2020, where they saw negative returns. The one-year category... Read More


PFC NCD issue: long term options attractive for those in lower tax bracket

MUMBAI, Jan. 15 -- State-owned Power Finance Corporation (PFC) Limited will offer non-convertible debentures (NCD) from 15 January. The company is offering lower rates for short- and medium-term tenu... Read More


Credit score hit due to covid-19? Five ways to improve it

NEW DELHI, Jan. 12 -- Many borrowers have suffered financial stress due to the coronavirus pandemic. There were salary cuts, layoffs, and businesses were shut. Some have failed to repay loans and cred... Read More


Borrowers struggle to get their loans restructured

New Delhi, Jan. 8 -- Mumbai-based Tarun Shetty, 36, was laid off from a brokerage house at the beginning of the year. He regularly paid equated monthly instalments (EMI) for two loans with Kotak Mahin... Read More


Digital banking took big strides but outages pose a challenge

NEW DELHI, Jan. 8 -- In a world that is increasingly going digital, outages cannot be entirely ruled out. Recently, one of the world's biggest technology companies Google, suffered an outage that imp... Read More


How to get back 'unclaimed' deposits with bank

New Delhi, Jan. 7 -- Unclaimed deposits with banks have been growing every year. By the end of the financial 2019, the total value of unclaimed deposits soared to around Rs.18,380 crore. A year back, ... Read More


Despite government's backing, gilt funds may not suitable for retail investors

New Delhi, Jan. 6 -- Investing in gilt funds may look attractive right now to many investors. The average returns of these funds are in double-digit in the past one year. Returns of dynamic gilt funds... Read More


6 innovative payments solutions to look forward to

New Delhi, Jan. 5 -- To aid innovation of new financial products, Reserve Bank of India (RBI) came up with guidelines for a regulatory sandbox. It invited fintech companies to be part of it and test t... Read More


Despite low returns, arbitrage funds make sense for some investors

New Delhi, Jan. 4 -- Last calendar year was not good for arbitrage funds. Most of them had their worst monthly performance in May 2020, where they saw negative returns. The one-year category returns ... Read More