Month: February 2019

Hela February 22, 2019

NEW DELHI: Total gross loan portfolio of the microfinance industry stands at Rs 65,090 crore at the end of the third quarter, showing an increase of 6 per cent from the previous quarter and an annual growth of 37 per cent, according to a report by Sa-Dhan. The report is based on data provided by 124 microfinance institutions. Combined microcredit portfolio of all lenders […]

Hela February 20, 2019

Equitas Small Finance Bank keeps interest rates on deposits higher than its bigger rivals in order to aid deposits growth, said MD and CEO PN Vasudevan. “Significantly we do operate on the lending side in the informal economy where the supply of money from the banking sector has been very low, so the ability to pass on 0.5 percent […]

Hela February 19, 2019

Personal loans are useful during emergencies, when you face a financial crunch. With the easy availability of such loans, hassle-free application processes, and low interest rates, more and more people are currently availing these loans. Inexperience when applying for loans can, however, lead to mistakes which may lead to your loan applications getting rejected. Here […]

Hela February 17, 2019

A Karnataka-based businessman has been jailed for six months for allegedly not filing his income tax arrears and interest of around Rs 7.35 crore despite reminders, an official said on Saturday. “The defaulter was arrested on Friday for failing to pay his tax arrears and produced before the Tax Recovery Officer (TRO) from where he […]

Hela February 16, 2019

In the past three years, the amount of personal loan debt Americans are carrying has almost doubled. The total owed on personal loans grew from $76 billion in 2015 to $125.4 billion in mid-2018, according to statistics published by credit bureau TransUnion. The number of personal loans hit 20 million in the second quarter of 2018, compared […]

Hela February 15, 2019

Unemployment is near record lows. Salaries appear to be growing. Consumer confidence is as high as it’s been in years. But at the same time, recent stock market turmoil has scared the crap out of many people. With Trump seemingly trying single handedly to ignite a trade war, many investors are beginning to realize that […]

Hela February 15, 2019

New York Times bestselling author Gaby Dunn talks personal finance, why the millennial label is fake, 401 (k) and student loans in her latest book, “Bad with Money.” Photo credit: Laura Massa/Michael Priest Photography.LAURA MASSA/MICHAEL PRIEST PHOTOGRAPHY. From bat mitzvahs to 401 (k)s, the book chronologically follows Dunn’s life, alternating between offering life lessons and explaining complex financial […]

Hela February 15, 2019

Companies are deploying advanced technologies, like the cloud and artificial intelligence (AI), in a variety of ways. With AI, for example, organizations are finding ways to be more productive, increase speed to market and better engage with customers. These technologies are also increasingly being deployed in the finance function, a trend that is ultimately transforming […]

Hela February 15, 2019

Retirement can be defined as achieving financial independence in the third stage of life – typically after age 62 when you can claim Social Security. There’s also a rapidly growing movement around FIRE (Financial Independence Retirement Early) where people aim to achieve financial independence and gain complete control over their scarcest resource, their time, at […]