Credit rating is still a developing concept in India with the first Indian credit rating bureau, CIBIL being just a decade old. The CIBIL credit report and score was introduced to banks in November 2007 and in April 2011 this facility was made available to the individuals. CIBIL also known as CIBIL TransUnion is among […]
Commonwealth Bank, Australia’s largest lender with assets worth $695 billion, will close its Indian operations. The key reason cited for the discontinuation of operations is the tough competition of Indian banking sector. The decision has been taken to wind-down the Mumbai branch after evaluating the Indian banking business with progressed strategy. Commonwealth bank officials have […]
If you have a bank fixed deposit, and you are falling short of funds, there’s no need to break the deposit. Instead, you may opt to take an overdraft against your fixed deposit. An overdraft facility (OD) can be availed against most of your investments such as gold mutual funds etc. But, what if you…
To ensure increasing contributions on regular basis to a philanthropic organisation – that preaches non-begging and never asks general public for any donations and only allows people, who believe in its cause, to contribute to its educational branch – to establish an engineering institution, a dedicated disciple has suggested other disciples to make lump sum…
The second wave of the COVID-19 pandemic has affected millions of families across India. The hospital bills for the treatment have run up to lakhs of rupees for families. During this period, the Reserve Bank of India (RBI) announced COVID relief measures. It allowed banks to launch a special personal loan scheme to help people tide over any…
