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Banking & Insurance Economic & Finance Personal Finance

46% of millennials report an improved credit score in FY22

OneScore, India’s leading tech-based credit score monitoring platform, which enables one to keep a regular check on their credit health, disclosed the results of a study conducted among more than 9 million users on OneScore’s platform across the country. According to this report, more than 46% of millennial and Gen Z users reported an improved

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Banking & Insurance Economic & Finance Market Overview Personal Finance Travel

The Indian love for travel is driving credit card spending

Since travel has resumed after the covid lockdown, people in India are spending a lot on travel. In fact, most of them continue to spend on travel and hospitality by swiping their credit cards. India’s credit card spend on travel is increasing month by month. New data released by the Reserve Bank of India reveals

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Advisor Network Banking & Insurance Economic & Finance Market Overview Real Estate State & Urban

Housing Loans Market in India – SCBs have a market share of 60%, while that of private banks up to 30%

The housing market is a significant part of the economy in India, especially given its large population. The demand for new housing comes with the increasing demand for affordable loans. Lending institutions like state-owned banks account for over 60% of the credit provided, while privately owned banks have been able to grow their share by

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Advisor Network Banking & Insurance Business Economic & Finance Laws & Taxes Market Overview New startups State & Urban

How are Interest Rates affecting the MSME Sector?

We have in this study examined financial performance of 3180 companies (excluding financial companies) and noted the trend in interest coverage ratio defined as Operating profit to Interest. This indicator reflects the comfort level of companies in debt servicing. Some interesting results: In response to falling interest rate cycle, interest coverage ratio of companies has

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Advisor Network Banking & Insurance Personal Finance

Here’s How To Avail Personal Loan Instantly On Aadhaar Card

We already know the importance of the Aadhaar card. Aadhaar card is important when filling income tax returns, to open a savings account in any bank, to apply for a new PAN card, etc. Since Aadhaar Card is also linked with your PAN card and bank accounts, it becomes immensely important when applying for a personal

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Advisor Network Banking & Insurance Economic & Finance Laws & Taxes Real Estate

RBI Rate Hike Can Have A Moderate Impact On Housing Sales

A rate hike was expected, but the expectation was for a maximum of 35 bps. The hike by 50 bps is definitely on the higher side, and home loan lending rates will now edge further into the red zone. This is the third consecutive rate hike in the last two months and finally marks the

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Banking & Insurance Economic & Finance Stocks & Funds World Affairs

US Fed Hikes Interest Rates, What Can You Expect?

In line with market expectations, US Fed hiked interest rates by 75 bps in its latest meeting. Hence, Fed funds rate now stands in the range of 2.5%-2.75%. The FOMC statement noted that inflation remains elevated and labour market conditions remain tight thus necessitating the rate action, even though economic activity appears to have slowed

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Advisor Network Banking & Insurance Economic & Finance Market Overview Personal Finance Real Estate

Real Estate PE Investments Rise 28% in Q1 FY23

Real estate PE investments registered an increase of 28% in Q1 FY23 as compared to Q1 FY22, states ANAROCK Capital’s latest FLUX report. Improved market sentiments, widespread vaccine coverage, and lifting of lockdown restrictions helped this revival. Shobhit Agarwal, MD & CEO – ANAROCK Capital, says, “The revival primarily rode on the top 5 private

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Advisor Network Banking & Insurance Economic & Finance Personal Finance Stocks & Funds Wealth Management

7 Important Points To Keep In Mind Before Choosing A Mutual Fund

Choosing an equity mutual fund for your portfolio demands a two-phased thorough selection process. The first involves determining your financial goal, as well as its time horizon and a risk tolerance evaluation. The second phase is finding appropriate funds and examining various risk parameters by seeking specific information about the funds. An investor must consider

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Advisor Network Banking & Insurance Wealth Management

Top 10 Best Debt Relief Companies of 2022

You can seek help from the best debt settlement companies if you’re having difficulty paying your bills or keeping up with your debt payments.  The objective of a debt relief company is to reduce, cancel or settle your outstanding debts by negotiating with your creditors. Debt relief companies offer debt consolidation, debt management, and debt

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