Author: Finance Khabar
Pune, Maharashtra: Bajaj Finserv, through its lending and investing arm Bajaj Finance Limited is offering Lifestyle Finance, which provides you with a smart way to make purchases on No Cost EMIs, regardless of the product or service you’re looking for. Customers can avail of this financing option via the Bajaj Finserv EMI Network,. As per a 2018 report, No Cost EMIs contributed to almost 20% of all e-commerce sales in terms of Gross Merchandise Values (GVMs). This can be attributed to the fact that EMIs are an easier way to buy products and services without saving first. With Bajaj Finserv’s…
Mumbai | RBI approached the Administrator appointed by the Reserve Bank for the withdrawal of up to Rs 1 lakh in case of medical emergencies to depositors of troubled Punjab and Maharashtra Cooperative Bank (PMC), the RBI told the Bombay High Court on Tuesday. In an affidavit filed in HC in response to petitions challenging the fund withdrawal restrictions, the RBI has mentioned a withdrawal limit of Rs 50,000 for scenarios such as marriage, education, livelihoods and “other hardships”. RBI counsel Venkatesh Dhond told the bench of Justice SC Dharmadhikari and RI Chagla that depositors facing difficulties can approach the…
New Delhi : Higher shares rose on Monday, with lenders being relieved in a case involving the steel company due to a surge in banking shares by the apex court last week and more support from the government for sick areas. The Supreme Court on Friday cleared the way for steelmaker ArcelorMittal SA to take over the bankrupt Essar Steel, and the verdict is a major repressor for banks, which are struggling with a $ 140 billion bad loan. Vinod Nair, head of research, Geojit Financial Services, said, “Essar Steel’s decision is very positive for the banking sector. Banking sector…
Pune : While weddings are one of the biggest occasions of our lives, planning them can be quite stressful, especially when it comes to figuring out how you’ll pay for the best venue, catering, photographers, your outfits, food, jewellery, return gifts, and more. And given the number of things you need to spend on, you may want to look beyond your savings to cover the costs. That’s where a personal loan for wedding comes in. For instance, check out the instant personal loan from Bajaj Finserv, a unique financing solution that lets you borrow up to Rs.25 lakh without furnishing…
Lucknow : Online approvals process to the building plans by the Uttar Pradesh government has started showing results. The UP government has taken this initiative in order to implement the ease of doing business model under the Atal Mission for Rejuvenation & Urban Transformation (AMRUT). The seamless structure, which started two months ago, is now helping in overcoming the technical challenges and facilitating auto-approval of all types/categories of plans with minimum human intervention. In order to implement the seamless implementation of online approvals, the software company has developed advanced and easy to use technology-driven software and implemented the solution for automating…
Pune, Maharashtra: Over the last few years, great industry exposure, better job prospects, and fantastic opportunities have caused a sharp increase in the number of Indian students crossing the shores to study. Additionally, statistics show that the cost of higher education has been on an upswing. In 2018, Forbes reported that in the US, higher education expenses were rising nearly 8 times faster than employee wages. The situation is similar in India too, with education costs clocking an approximate cost appreciation of 15% per year, on average. To manage the expenses involved, the conventional approach is to take a student…
Pune : According to reports, India is home to millions of blind persons, with many suffering from visual field loss and low visual acuity. Further, a recent study conducted by doctors at the L V Prasad Eye Institute (LVPEI) estimates that by 2030, a staggering 275 million Indians could be affected by Dry Eye Disease. Fortunately, reports also point out that many cases of eye disease are avoidable, and early action and preventive measures can go a long way in ensuring that your eyes remain healthy. To get access to eye care services easily and without delay, you can avail of…
In India, weddings are lavish, extravagant celebrations and according to a research by The Economic Times, the average Indian couple spends anything between Rs.10 and Rs.20 lakh to make the big day memorable. The stakes are higher when it comes to a destination wedding. As it combines travel with larger-than-life celebrations, it’s no wonder that the cost of picture-perfect venues, personalized decor, professional photography, sumptuous catering, hotel accommodation, and designer wedding wear runs into a significant higher amount than regular weddings. Given the scale of celebrations, your savings may not allow you to cover all the expenses when you’re planning…
As part of its revised selection process, the US has hiked by USD 10 the application fee of the H-1B work visa, the most sought-after among Indian IT professionals. The H-1B programme allows companies in the United States to temporarily employ foreign workers in occupations that require the application of a body of highly specialised knowledge and a bachelor’s degree or higher in the specific specialty, or its equivalent. This non-refundable fee will support the new electronic registration system to make the H-1B cap selection process more efficient for both petitioners and the federal agency, said the US Citizenship and…
With rising property values, buying a home has become an expensive proposition for many aspiring buyers. In such a scenario, home loans are like the silver lining in the dark clouds. If you have decided to take the home loan route and don’t know where to start, we’ve got you covered. By the end of this post, you will learn about: The eligibility criteria How to select a lenderThe application processDocumentationSelecting the right tenureTax benefits The eligibility Credit score: Your credit score has a direct impact on the loan amount the bank sanctions. If you have been diligent in paying all…
The festival of lights is one of the biggest festivals celebrated across the country, also believed to bring in auspiciousness and better fortune for you. It is that time of the year again when you indulge in extravaganza shopping, be it buying that smartphone that you have been longing for or that quirky furniture to give a fresh look to your house or gifting your parents/spouse to brighten up their Diwali. ‘Shopping’ and ‘Diwali’ have always been synonymous with each other as the festive season brings in great deals and discounts to help you choose from a wide range of…
Mumbai. India’s stock markets ended the week on a strong note, extending the rally on the sixth day. The Sensex gained 246 points to close at 39,298 today, its 1,417 points total gain in six sessions – its longest win streak since March. Apart from the expectation of economic recovery in the next few quarters, a positive global sentiment has also lifted Indian markets. Foreign institutional investors have been net buyers in the last few sessions. The broader index Nifty rose 0.65% to close at 11,661 today. 10 things to know about the six-day Sensex rally:Indian equities outperformed the major global…
Mumbai. The brokerage says a drop in consumption, a major challenge affecting the economy, cannot account for the NBFC crisis as it foresees the first lapse by infra lender IL&FS, which slashed growth rates to 6 percent Have given. Many slowed the decline in consumption due to the NBFC crisis that began in September 2018, when IL&FS took over, which consumes financing – a group of shadow banks, closed with a chill in disbursements by these players. done. According to Prachi Mishra, chief economist at Wall Street brokerage Goldman Sachs, his analysis suggests that consumption has been falling since January…
New Delhi: Form the longest time mental illnesses were never given the attention they deserved. Celebrities like Deepika Padukone and Ellen DeGeneres have battled depression and shared their experience with the common people to understand how mental illness can take a toll in a person’s everyday life. Even Todd Phillips’s film talks in depth about the Joker. The film’s protagonist is a man who deals with mental and neurological problems, who eventually transforms into a criminal. With all the attention that mental health is finally peaking, it became necessary for the Insurance Regulatory and Development Authority of India (IRDAI) to…
Shop on the Bajaj Finserv EMI Network and stand a chance to win exciting prizes Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv, announced its #JustEMI wali Sparkling Diwali campaign which aims at reaching out to more than 50 million customers this festive season. This 360-degree marketing campaign by Bajaj Finserv takes shopping experience to the next level by addressing the behavioural shift of ‘buy now, pay later’ of customers by promoting shopping on easy EMIs. The campaign will be supported with videos and promoted online, in stores (offline) and over radio. Convenience and ease of purchase,…
Festive season offers with loans starting at 8.35% & complete refund of processing fees Mumbai: LIC Housing Finance Ltd. (LICHFL) today declared the launch of Special Festive idea for home advance searchers. Under the exciting offer, client can get the advantage of home loans beginning at reasonable rate of 8.35%. Not only this, clients will get complete refund of processing fees at the time of disbursement of the loan. Most importantly, the festive offer will be accessible for loans applied from October 1, 2019 to October 31, 2019 and it begins on to December 31, 2019. For the customers, the…
Pune : During a festive season, your home is the centre of celebration and joy. Renovating it during the auspicious occasions of Diwali and Christmas is a common practice. You may plan to get your home repainted, change the furniture and fixtures, get your garden landscaped and beautified, or even redo the flooring and tiling. Since the festive season is also a propitious time to buy a home, you may be planning your housewarming during this time too. To ensure that you remodel your home in style and without compromise, you can rely on a personal loan from Bajaj Finserv.…
Mumbai : The Chennai-headquartered Indian Bank has been conferred with the ‘FE Best PSU Bank Award’ for 2017-18. The occasion was graced by the Hon’ble Union Finance Minister Mrs. Nirmala Sitharaman.Previous year, the Bank bagged FE ‘India’s Best Bank’ award for 2016-17. According to the jury of this year “The Bank’s good financials as also the strategy of focussing on deposit growth while diversifying its loan portfolio were the factors that contributed for the Bank’s outstanding performance”. In FY2018, continuing with its consistent performance of the past, the Bank initiated several significant moves like change in business orientation, organisational restructuring…
Bank of Baroda, Union Bank of India and Syndicate Bank have started the practice of segregating retail loans into their own versions of prime and subprime risk exposure. Lending rates in India have started coming down significantly as banks link their loan rates to the Reserve Bank of India’s repo rate. But before you rejoice, here’s another catch. Some public sector banks in India have now started using third-party credit scores of borrowers to demand higher interest rates on loans with higher credit risk. Bank of Baroda, Union Bank of India and Syndicate Bank have started the practice of segregating…
Svatantra’s unique mediclaim product designed to meet medical needs of Rural India. Svatantra Microfin Private Limited enrolled over 10 lac rural beneficiaries in 250 districts across 13 states in rural India with an affordable cashless mediclaim product called Svatantra Grameen Care. With more than 6000 claim settlements worth INR 9.5 crs in 1200 hospitals, this is a first-of-its-kind product category in rural India. Svatantra Microfin offers microloans to rural women. Svatantra Grameen Care mediclaim was launched in 2016 and is offered as an optional product on top of a microloan. It is exclusively designed for Svatantra customers with predefined rates…