Month: February 2019

Hela February 27, 2019

The different loan products of SBI are home loan, car loan, personal loan and education loan. State Bank of India (SBI), the country’s largest lender, offers a variety of loans to meet financial needs of its customer under its personal finance portfolio. The different loan products of SBI are home loan, car loan, personal loan and […]

Hela February 24, 2019

Barcelona: Chinese smartphone maker Oppo Mobiles on Saturday said it plans to invest USD 1.5 billion in research and development this year with focus on developing 5G as it unveiled its first smartphone on the next generation technology. “Our 2019 R&D investment is budgeted at USD 1.5 billion, focusing on 5G, artificial intelligence, imaging, new material […]

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 […]