New loan rates: Private lender HDFC Bank has implemented revisions to its Marginal Cost of Funds-Based Lending Rates (MCLR) for select short-term tenures effective from November 3, 2024. The revision includes an increase of up to 5 basis points (bps) and applies specifically to the overnight, one-month, and three-year tenures. Post-revision, the overnight MCLR has … Read more
Are you aware of the powerful combination of SIP and EMI? It’s a strategy that allows you to grow your wealth while simultaneously paying off your debt. Confused? Don’t worry! ETMarkets interviewed Chirag Muni, Executive Director at Anand Rathi, to shed light on how this works. What is the SIP-EMI combination and how does it … Read more
My name is Veer, and I work in the private sector, earning Rs 59,000 in hand, and have two personal loans of Rs 3.6 lakh pending, with EMIs of Rs 9,200 till January 2028, and another with EMI of Rs 5,500 for two years more. I am planning to switch jobs in two months and … Read more
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
The Reserve Bank of India’s (RBI’s) decision to keep the policy repo rate unchanged offers significant relief to home loan borrowers. As RBI maintains a status quo, the equated monthly installments (EMIs) are unlikely to see a surge. Borrowers who were bracing for a hike can breathe a sigh of relief. The RBI’s Monetary Policy … Read more
The new financial year has begun and many smart investors are looking to plan their taxes right from the word go. When it comes to income tax return filing, the first thing which comes to mind is whether to opt for an old income tax regime or go for the new one, especially after the … Read more
Dussehra symbolizes the victory of good over evil. The festival is celebrated enthusiastically across India as people pledge to eliminate bad habits and develop good ones. Festivals reflect upon society and culture. They teach us a lot about how we should live and identify vices to avoid. Financial planning is a necessity. It requires you … Read more
It is unfair to call a double digit growing sector expensive if it starts to trade at 18-20 PE multiples while a whole host of consumer companies growing at 5-7% and which are trading at 70-80 PE multiples are considered quality, says the Founder, Abakkus Asset Manager. Let’s start with Sunil Singhania the market timer. … Read more
LUCKNOW: The Directorate of Enforcement, Lucknow zonal office has attached movable and immovable assets to the tune of more than Rs 103 crore in the case of “Bike Bot”- a ponzi scheme floated by Noida-based Garvit Innovative Promoters that has allegedly duped over two lakh investors of Rs 3,000 crore in multiple states. A total … Read more