RBI Monetary Policy Live Updates: Shaktikanta Das hikes repo rate by 50 bps

Admin 2022-09-30 11:31:51

The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) announced a 50 basis points (bps) hike in the repo rate to 5.90 per cent on Friday in order to bring elevated inflation back to its target.

Bandhan Bank aims to double business at Rs 4 trillion by 2025

Admin 2022-09-23 11:52:39

Bandhan Bank is aiming to double its banking business at Rs 4 trillion in next three years considering its current year-on-year (y-o-y) growth, said the bank’s founder Chandra Shekhar Ghosh.

“At present our pan-India business is more than Rs 2 trillion. We have strong presence in the eastern part of the country, but now we are expanding in the western and southern states aggressively including that of Gujarat. In the process, the bank is all set to further broaden its customer base from 2.83 crore to over 4 crore by the end of 2025,” said Ghosh who is also managing director and CEO of the bank.

Mumbai property registrations double for the first time since 2019

Admin 2022-09-23 11:50:49

Mumbai saw average quarterly value of registered propertied at Rs 44,520 crore in the first half of current year, which is the highest in the past five years.

Heightened property buying activity in the Mumbai Municipal Region (MMR) after the Covid-19-induced slowdown has taken the home sales registration numbers to their highest levels in the last five years. Mumbai saw total registered value of residential properties at Rs 89,039 crore in the first half of the current calendar year (2022), with average quarterly value of Rs 44,520 crore, which is the highest in the past five years, according to a research report by property consultant Prop Equity.

4 smart ways on how to maintain your CIBIL score effectively

Admin 2022-09-01 12:35:27

The key to being credit-ready is having an excellent CIBIL score and a commendable financial profile. Here, the key is to have the right financial habits. When it comes to your CIBIL score, it isn’t enough to simply build a high score, as it takes effort to maintain it as well. A good score helps your eligibility for new credit, and can fetch you favorable repayment terms that do not strain your finances.

But in order to maintain a good credit score, you need to understand the credit factors that influence your score. These factors include your credit utilization, credit mix, and repayment history. Besides understanding these factors, you should also know the best habits to practice to sustain a high CIBIL score. To get you started, here are 4 simple and smart ways to maintain your CIBIL score. 

Make informed credit decisions

Review your credit report regularly

Use your credit limits strategically

Pay EMIs diligently and without delays

Planning to buy a new car? Compare cheapest car loans ahead of festive time

Admin 2022-08-30 12:29:32

Indian markets are abuzz with the launch of many new cars with high-end features. With the festive time approaching, most of you may be planning to buy a new car. Here is what you should keep in mind before you make your purchase.

The first step in your car buying journey is selecting a vehicle. It would be best to compare different vehicles and prices before finally buying one. Purchasing a vehicle based on your budget and usage requirements is also important.