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News - RBI ,banking
RBI’s tightening loan norms will not impact borrowers in near-term

Higher risk weights mean that banks and NBFCs will have to set aside more capital for every such loan they extend. The days of easy credit may well become a thing of the past.
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News - Reserve Bank of India ,Bajaj Finance ,banking ,borrowers ,Digital Lending
Explained: Key Fact Statement of a loan and why it is important

RBI ban on Bajaj Finance: The RBI has asked Bajaj Finance to stop the sanction and disbursal of loans under two of its lending products with immediate effect, for not issuing Key Fact Statements to borrowers.
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News - banking ,credit card ,Home Loans ,credit score ,MCPro
Personal Finance: Five reasons why your credit score can turn bad

Generally, a low credit score is not the result of a single financial mistake but reckless handling of credit for several months. A poor credit score can become a hurdle in availing loans and credit cards
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News - banking ,senior citizen deposit ,Bank FDs ,Slideshow ,Slideshows
FD rates for Senior Citizens: Banks that offer up to 8% interest on 3-year deposits

Senior citizens should invest a part of their savings in fixed deposits which offer liquidity and ensure interest income periodically.
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Scheme	3 Y
Invesco India Infra. -Direct (G)	35.5%
Axis Small Cap Fund - Direct (G)	32.8%
BOI AXA M & I Fund - Direct (G)	33.5%
Invesco India Infrastructure (G)	33.6%
BOI AXA M & I Fund (G)	31.8%

Best Funds to Buy

Index	Price	Change	%Chg
NIFTY 50	19717.80	-14.00	-0.07
SENSEX	65680.27	-114.46	-0.17
NIFTY BANK	43493.00	-90.90	-0.21
NIFTY IT	32384.10	192.80	0.60
S&P BSE Smallcap	39843.84	245.21	0.62
S&P BSE Midcap	33480.06	99.48	0.30
NIFTY AUTO	16866.90	-38.60	-0.23
S&P BSE Capital Goods	49018.84	-96.63	-0.20

All NSE/BSE indices

07:09 PM L&T shares down after Qatar slaps Rs 239 crore tax penalty
07:09 PM NBCC share price gains 2% on signing MoU with ICAI
07:09 PM Derivative watchlist: Key F&O Stocks to monitor today
07:09 PM Delhi AQI: Air pollution levels creep up in national capital
07:09 PM Bondada Engineering shares hit 52-week high on bagging orders worth Rs 32.72 crore from Dinesh Engineers
06:09 PM Omaxe plans to invest close to Rs 4,000 cr in Tier II, Tier III cities in next four years
06:09 PM Rupee opens flat at 83.27 against US dollar
06:09 PM Short Call: Bulls brave banking woes; Blue Star in pink; Balakrishna, Dalmia Bharat, bank stocks in focus
06:09 PM Agri Picks Report November 20, 2023: Geojit
06:09 PM Indian shares witness a muted start | Opening Bell
05:01 AM

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News - banking ,credit card ,Personal Loan
How to choose between personal loans and credit cards for urgent needs

Using a credit card is better for smaller amounts that you can easily repay in a few weeks. However, if the required amount is large and you would not be able to pay it back fully soon, then taking a personal loan is advisable.
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News - RERA ,financial planning ,banking ,festive offers ,home loan emi
Planning to buy a home this festive season? Here are six things to consider

This season, several financial institutions have announced a raft of offers to lure homebuyers’ interest. However, before you opt for a home, save enough for the down payment, conduct a thorough background check on the builder and check the project details on the RERA website, among other things more.
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News - Credit Cards ,banking ,credit score ,Slideshow ,Slideshows
Banks prefer to lend money to salaried, than self-employed, says a Paisabazaar study

A Paisabazaar report titled “Making India Credit Fit” says that awareness of credit has gone up sharply among young customers.
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Do you think this is India's moment amid global headwinds?

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WHAT’S YOUR OPINION?

Do you think this is India's moment amid global headwinds?

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News - Credit Cards ,spending ,banking
Love to travel? Here is how you can use credit card to save on travel expenses

The key to maximising value is understanding the features and benefits of your travel card and using them smartly.
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News - banking ,Digital Lending ,Fintech lending
Google, FACE join hands to eliminate illegal lending apps: How borrowers will gain from this initiative

With this collaboration, FACE will support Google with market intelligence to detect predatory digital lending apps in India that are non-compliant with the Play Store’s policies, enabling swift action against them.
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News - banking ,Reserve Bank of India (RBI) ,credit bureau ,Loan default
Now, lenders to inform borrowers while reporting their loan defaults to credit bureaus

By demanding the appointment of nodal officers at every credit institution, assigning a financial penalty for delay in redress of customer grievances, and regular updates to the customers on access of their credit information reports, one can expect the industry to be more customer-friendly.
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News - bank fixed deposits ,banking ,fixed deposits (FDs)
Invest in FDs through Moneycontrol and earn up to 8.5 % p.a.

Utkarsh Small Finance Bank offers the highest interest rates on FDs, at 8.5 percent p.a. for a two to three year tenure. Among NBFCs, Bajaj Finance offers interest rates of 8.35 percent p.a. for a tenure of three years and eight months. Senior citizens earn up to 0.25-0.6 percent more on deposits.
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