DBS Bank India and CRISIL study reveals 50% of salaried women have never taken a loan

DBS Bank India and CRISIL study reveals 50% of salaried women have never taken a loan

A pioneering study by DBS Bank India, in partnership with CRISIL—to understand how urban Indian women plan, prioritise and manage their money—has found that 98% of salaried and self-employed Indian women actively participate in long-term family decision-making.  The first of three reports, titled ‘Women and Finance’, was launched today. Over 800 women were surveyed across … Read more

Credit card companies curb incentives, but customers demand cards with fuel-related benefits: Study

Credit card companies curb incentives, but customers demand cards with fuel-related benefits: Study

The convenience and accessibility of using credit cards is helping spur an increase in demand in India’s Tier-II and III towns and cities, with fuel cashback credit cards seeing high demand along with travel and e-commerce credit cards that saw a higher adoption rate in 2023, according to a new report by ZET, India’s fast-growing … Read more

136 individuals earn more than Rs 100 crore, with a combined income of Rs 34,301 crore, up from 23 in FY14: SBI research report

136 individuals earn more than Rs 100 crore, with a combined income of Rs 34,301 crore, up from 23 in FY14: SBI research report

In financial year 2013-14 (FY14), 23 individuals earned more than Rs 100 crore and had a combined income of Rs 29,290 crore. Cut to FY21, and the number of those earning more than Rs 100 crore increased to 136, though their combined income rose to Rs 34,301 crore, State Bank of India researchers said in … Read more

Dealing with parents’ debt: I’m a 30-year-old married woman. Can I get a personal loan without my husband’s knowledge?

Dealing with parents’ debt: I’m a 30-year-old married woman. Can I get a personal loan without my husband’s knowledge?

I am a 30-year-old married woman with two daughters, and I earn Rs 90,000 per month. I give my parents around Rs 20,000 to Rs 25,000 for their monthly expenses. My parents have a debt of around Rs 12 lakh and an income source of Rs 10 000 per month. Now it’s my responsibility to … Read more

What methods are used by lenders to determine loan amount to be sanctioned?

What methods are used by lenders to determine loan amount to be sanctioned?

Lenders typically rely on the debt-to-income ratio or Fixed Obligation Income Ratio (FOIR), loan-to-value ratio, and installment income ratio (IIR) when determining your eligibility for a higher loan amount, particularly with instant personal loans. Besides, lenders also use the multiplier method to assess and sanction loan amounts based on the borrower’s creditworthiness, loan-to-value ratio, financial … Read more

GST Council meet ends with no consensus, Centre says will not borrow for states

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The deadlock over compensating states for the shortfall in GST collections continued on Monday with the 42nd meeting of the GST Council ending without reaching any consensus. Addressing the media after the meeting, Finance Minister Nirmala Sitharaman said the meeting was an extension of the previous meeting and all the states spoke on the issue … Read more