financial safety net

Standard Chartered launches €1 billion Social Bond to support sustainable development in emerging markets, like India

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Standard Chartered launches €1 billion Social Bond to support sustainable development in emerging markets, like India

Standard Chartered has unveiled its inaugural social bond valued at €1 billion (US$1.086 billion), marking a strategic initiative to promote sustainable development in low-income countries within its emerging markets footprint. This bond issuance is primarily targeted at fostering growth in small and medium-sized enterprises (SMEs), while also enhancing access to essential services such as healthcare … Read more

Closing unused credit cards could lower your score: 7 things to consider before cancelling them

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Closing unused credit cards could lower your score: 7 things to consider before cancelling them

Managing multiple credit cards can be tricky, especially when you have cards you rarely use. While cancelling them might seem like a smart move, it can have unexpected effects on your credit score and financial health. Before making a decision, here are seven key factors to consider:   1. Credit score impact  Closing an old … Read more

Investment query: I suffered a huge loss. How should I utilise Rs 10 lakh without investing in high-risk options like stocks, mutual funds

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Investment query: I suffered a huge loss. How should I utilise Rs 10 lakh without investing in high-risk options like stocks, mutual funds

Investment advice: I am a 28-year-old male who recently experienced a loss and will soon have approximately Rs 10 lakh in cash coming into my account. Even though I am employed and married, this is a substantial amount of money for me, and I am unsure how to best utilise it.  I am inclined towards … Read more