You might already know about the big news of demonetizing Rs 500 and Rs 1000 notes. Do you know what this means to you? From November 9 Old High Denomination (OHD) notes can neither be used for transacting business and nor can you store them of value for future usage. If this has led to […]
With the festive season here, it’s time to make big purchases. This is also the time when we look to re-do and renovate our homes, to get it ready the big festivities. However, more often than not, the expenses needed towards the makeover of lour homes, is out of our budget. In times like these, […]
Kotak Mahindra bank said on Friday that it will acquire 99.49% stake of BSS Microfinance Pvt Ltd. This acquisition will be for Rs 139.2 crores i.e., 2,65,91,856 equity shares of Rs 10 each . The execution of this share purchase agreement will give Kotak access to BSS Microfinance’s growing customer base which currently stands at […]
Personal Loans have gained significant popularity among individuals from all walks of life due to their simple documentation and quick disbursement. This infographic will help you identify the important factors one must consider before applying for a personal loan. It primarily focuses on must-know features such as documentation requirements, charges levied in case of pre-payment […]
Banks are planning to introduce a flash service offering instant loan to customers through ATM machines just after they finish withdrawing cash. After analysing customer data, banks can provide personalised pre-approved micro personal loan offers with ATM kiosks as points of disbursal. As corporate credit is still not showing any signs of success, banks are […]
While loans are best availed for creating assets or for increasing earning capacity, there are certain situations where availing loans for consumption or recreation becomes unavoidable. Taking a honeymoon trip just after marriage, attending some unavoidable social or family function, taking a trip for health-related purpose or taking your aged parents for religious/pilgrimage purposes are […]
Personal loans are a great option to finance your emergency requirements. These loans have very low processing time, easy documentation process, do not require any collateral and can be used for end number of purposes. However, like all other loans, these loans have some criterion to fulfill, failing which will lead to the rejection of […]
Hemant Shukla, a middle class employee, is preparing for a grand wedding for his daughter. Although he is finding himself short of funds, he does not want that to become a hindrance in the requirements and appearance of the wedding. He was evaluating various personal loans offers to fill this gap when one of his […]
As per the recently published data from Reserve Bank of India, the southern states of India are well ahead of India’s other regions in terms of personal loan applications and disbursements. These states include Telangana, Tamil Nadu, Kerala, Karnataka and Andhra Pradesh, which together comprise of an estimated 20% of the population of India. As […]
SKS Microfinance, currently the only listed company in India’s growing micro-financing segment, has announced that it has been renamed as Bharat Financial Inclusion Ltd. The change in name is being implemented in accordance with approvals received from the Government, Registrar of companies and Ministry of corporate affairs. As per the regulatory filing provided by SKS […]
