Borrower effort alone, however, cannot fix a structural gap, and the good news is that the system is evolving. Lenders are getting better at cash-flow-based lending, using GST data, account aggregators and banking analytics to read incomes that pay slips miss. The mortgage guarantee, now an established risk-sharing mechanism in Indian housing finance, adds another layer to this.
The July ITR deadline has now passed, but still eligible taxpayers have several important income-tax dates to track. From advance tax payments and tax audits to ITR filing and belated return submission, the coming few months bring several critical tax compliance deadlines that taxpayers must meet. The Income Tax Department has also clarified that AY…
Acting as a loan guarantor might be a straightforward way to help a friend, colleague, or relative secure financing during challenging economic times. However, this simple favour carries major financial implications. It is vital to keep in mind that becoming a loan guarantor entails its own set of challenges and is far more than a…
Yatin Pednekar, co-founder and chief of products at Mobicule Technologies, a debt collection platform, said, “A real safeguard missing today is purpose limitation, meaning that data collected to assess your loan shouldn’t quietly get reused for debt collection or marketing later, unless you separately consent to that specific new use.”
The 8th Central Pay Commission’s terms of reference (ToR) have triggered concern among pensioner organisations over whether the commission will examine revision of pension and family pension for employees who retired before 1 January 2026. The government has not announced any such change so far, but there is a precedent for modifying a Pay Commission’s…
Chennai-based Ashok Leyland on Friday reported a 2% increase in its consolidated net profit at Rs 668 crore for the first quarter ended June. The company had posted net profit of Rs 658 crore in the corresponding period of the last financial year. Consolidated revenue rose 10% to Rs 10,750 crore in the period under…
Credit cards have now become an indispensable part of modern financial lives across the nation. This is because these credit tools provide day-to-day users with comfort, convenience, rewards, and access to short-term credit. Furthermore, from online shopping to travel-related bookings and emergency expenses, their ease of use enables transactions and helps reduce dependence and mounting…