Banks and real estate finance companies compete for home buyers with interest rates on home loans worth more than 14 billion rupees. With the State Bank of India, HDFC, and Kotak Mahindra Bank cutting mortgage rates to the lowest level in nearly 15 years, other lenders are preparing to join the race. Which banks recently …
India’s fintech sector may be young, but it is growing rapidly, driven by a large market base, an innovation-driven startup landscape, and support for government policies and regulations. Several new companies populate this emerging and dynamic sector as traditional banking institutions and non-bank financial companies (NBFCs) are catching up. NASSCOM predicts that the Indian fintech …
If you are still waiting to buy a new home, now is a great time. Kotak Mahindra Bank and State Bank of India (SBI) cut mortgage rates effective March 1. The two banks cut interest rates by another 10 basis points (100 basis points = 1 percentage point). Kotak Mahindra Bank has cut mortgage rates …
AI as a blockchain is a revolution in technology. It makes the work of different industries easier and more efficient. The evolution of AI is leading to great revolutions in all industries, but the most useful thing about AI is loan and credit management. Automated systems cost banks 50-90% less than the labor of hired …
The world has been battling the coronavirus pandemic for more than five months. Although the SARS-Cov-2 infection primarily caused a landslide in the medical infrastructure, it also had a significant impact on other sectors of the economy. The banking sector is one of the negatively affected sectors. On March 27, the Reserve Bank of India …
You may have heard of two types of debt: good debt and bad debt. “Good” debt is money owed for things that can help build wealth or increase income over time, such as B. Student loans, mortgages, or business loans. “Bad debt” refers to things like credit cards or other consumer debt that do little …
Liquidation involves converting a company’s assets into cash and using these funds to pay off the company’s debts as much as possible. The liquidation leads to the closing of the business. There are three different types of settlement: Voluntary liquidation of creditors: initiated by the directors of the company when they fear that the company …
The recovery mechanism is a process of implementing the recovery procedures and mechanisms necessary to restore financial assets in the event that the borrower does not repay them. An APN, as explained above, is an asset that no longer generates income and income which, if not handled properly and in a timely manner, can cause …