"The Educated Differ From The Uneducated As Much As The Living Differ From The Dead". This is a famous saying by Aristotle. There is a time and place for everything in life. Doesn’t a person need to be educated at the right time in life? Here even if a person does not have the necessary funds should his or her college education be denied? No definitely not. Won’t Knowledge bring yo...
Everything you want is a Click Away... Remember those Pop Ups asking us to purchase an insurance policy online... We Are The Best Financial Products Available Online And We Know How To Serve You Best ... Protection Of Your Loved Ones Just A Click Away… Remember that Dream house you wanted to Purchase? We have heard the phrase" Knock And The Door Will Be Opened " Doesn’t purchase of ...
We all are burdened by the vagaries of life. Loans simply add to it. Cheer up! Remember the less you have the more there is to get, credit cards are like mosquito’s …you can keep them away for a while but sooner or later they will come back to suck your blood. Here the main factor a person needs to consider is Do I really need a loan. We notice nowadays that people take loans jus...
FAQs on the Banking Ombudsman Scheme 1. What is the Banking Ombudsman Scheme? The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. 2. Who is a B...
Direct Taxes 5% surcharge on domestic companies whose income exceeds Rs 1 crore 10 % surcharge on domestic companies whose income exceeds Rs 10 crores Surcharge on Dividend Distribution Tax (DDT) increased from 5 % to 10% Securities Transaction Tax (STT) rates cut on equity futures to 0.01% and for Mutual Funds to 0.001 % Commodities transaction tax (CTT) levied on non-agriculture comm...
The process of identification, analysis and either acceptance or mitigation of uncertainty in investment decision-making. Essentially, risk management occurs anytime an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action (or inaction) given their investment objectives and risk tolerance. Inadequate risk manage...
Education is the most important investment one makes in life. But how many people have got higher education in our country…..??? Not even 20%. Why this is happening…..??? Do you think it is because of lack of talents or lack of brilliance…..??? The answer is a BIG NO…..!!! Education is one of the most expensive things in the country. Considering the present scenario g...
Education is the most important investment one makes in life. But how many people have got higher education in our country…..??? Not even 20%. Why this is happening…..??? Do you think it is because of lack of talents or lack of brilliance…..??? The answer is a BIG NO…..!!! Education is one of the most expensive things in the country. Considering the present scenario ...
A Story About EMI (Equated Monthly Installment)...!!! In this article we have briefly explained the concept of EMI (Equated Monthly Installment). Most of the people don’t know what is EMI and how does it works. Normally people use to choose EMI Without analysing the real financial condition. From outside EMI looks very attractive but there are many things that you have to really understan...
CIBIL (Credit Information Bureau of India Limited) Credit Information Bureau of India Limited or CIBIL is the data keeper of the credit record of borrowers. It provides financial information about the credit history of the loan seekers to the lending institutions like banks. Access to the information regarding credit history is granted only to the financial institutions who are member of CIBIL....
Loans Loan is kind of debt. Here borrower borrows money from the lender and promises to repay the money within a particular time period along with interest. The borrowed money is called as principal. Borrower has to repay the debt at regular installments or at partial payments. Here the interest charged is the profit for the lender. Two important categories of loan There are two important typ...
With the financial integration both within the country and globally, insurance is increasingly being viewed not just as a ‘stand alone’ product but as an important item on a menu of financial products that helps consumers to blend and create a portfolio of financial assets, manage their financial risks and plan for their financial security and well being (Olson 2004). This approach a...
Risk mitigation is the key for the success of any financial product including reverse mortgage. Some of the risk mitigation techniques which the providers can apply to reduce the risk on their books 1. Proper eligibility criterions The first mitigation of risk can be done at the time of providing loans. This can be done through proper verification of the title of the property, age of the bo...
Banks checks Eligibility of the applicant while giving loans. Eligibility is mainly determined on the basis of income. Need to be Salaried/ Self Employed/ some source of income other factors such as income, age, residence, work experience, repayment capacity, past payment track record and placeof work are also taken into account. Loans are available for any purpose depending on the customer requ...
Education loan is provided for the further studies of students. These loans are very much important for the people because these loans give height to the advancements of education. Education is very important for the people, because without the education one could not be civilized. For the civilization one needs to be educated properly. Education is not only important to be civilized but it is a...
A loan is an arrangement between two parties (Bank & customer) where money is lent by one person (Banker) to another (customer/borrower); this is a legal contract between the lender (creditor) and the borrower (debtor). Lending money is very usual but it (lending) can also include goods, services and even people but this article is dealing with those of a financial nature. Unlike most other ...
Non-Bank Financial Companies (NBFCs) also known as Non-Banks, they are financial institutions that provide banking services without meeting the legal definition of a Bank, i.e. one that does not hold a banking license. Despite of this, its operations are still exercised under the Banking regulation. However this depends on the jurisdiction, as in some jurisdictions, such as New Zealand, any comp...
A Credit Union is a cooperative financial institution that is owned and controlled by its members. Credit unions differ from other financial institutions (banks, savings and loan). In this the members who have accounts in the Credit Union are the owners of the Credit Union. Policies of the Credit union governing interest rates and other matters are set by a Board of Directors elected by and from...
Generally banking that includes investment services in addition to services related to savings and loans are called universal banking. However in practice the term 'universal banks' refers to those banks which offer a wide range of financial services, beyond commercial banking, investment banking, insurance etc. Universal banking is a combination of commercial banking, investment banking and a r...
A Central Bank or reserve bank, by definition, is the organization within a particular country or union of countries that regulates all of the currency supplies and related policies for that particular area. A Central Bank will perform various activities, but its most important job is to make sure that the national currency and money supply remain stable. Depending on the country, Central Banks ...
