Users may also be able to simulate the impact of, say, missing a car-loan EMI. Such projections are only estimates, however, because the effect depends on factors including the borrower’s credit history, the extent of the delay and how the lender reports it.
The Reserve Bank of India (RBI) has proposed clearer rules for banks and non-banking financial companies (NBFCs) on loan spreads and annual percentage rates (APR) to enhance transparency in borrowing. The draft aims for a unified framework by 1 April 2027, allowing better comparison of loan costs, including a ceiling on APR for small loans…
Mumbai: Foreign fund flows into Indian bonds have reversed after an unprecedented spike three months ago, reflecting the combined impact of persistently high global yields, Bloomberg’s move to defer inclusion of local debt on a key gauge, and increasingly shortened odds on a rate hike. Since August, foreign portfolio investors (FPI) sold government bonds worth…
Tata Capital shares climbed 3.67% to Rs 367.95 during Wednesday’s trading session after the company reported a strong set of earnings for the first quarter of FY27, driven by robust growth in profit, revenue, and its lending business. The Tata Group-backed NBFC posted a consolidated net profit of Rs 1,547 crore for the April-June quarter,…
The Jeevan Pramaan platform enables eligible pensioners to submit their Digital Life Certificate (DLC) online. However, pensioners residing outside India often find the process difficult due to several practical and technical hurdles, forcing many NRIs to opt for offline submission. For pensioners based overseas, completing the annual life certificate process digitally can be challenging because…
PhonePe this week launched a fixed deposit (FD) distribution, which allows users to compare options on offer by partner banks and non-banking financial companies (NBFCs) before booking FDs on its mobile app, the company said in a release. Further, the online payment aggregator has also introduced a Daily Recurring Deposit (SIP) micro-savings product with Shivalik…
Markets regulator Sebi is using artificial intelligence and data analytics to track misleading financial advice on social media, as a new investor survey showed that 62% of investors are influenced by finfluencers. In its annual report, the market regulator said trust in the digital era can no longer be protected only through exchanges, clearing corporations…