‘On tap’ licence regime: RBI proposes `200 cr capital for small finance banks

September 14, 2019

The editorial referred to the Reserve Bank of India’s (RBI) recent report indicating that the banking sector reported 6,801 frauds involving a total Rs 71,542.93 crore. (Express Photo by Tashi Tobgyal) The Reserve Bank of India (RBI) on Friday proposed a minimum equity capital of Rs 200 crore to set up a small finance bank […]

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Best value mortgages revealed – including how to get a record low interest rate

September 11, 2019

The best value mortgages – including those with record low interest rates- have been revealed. More than 3000 mortgages from 90 lenders were analysed and rated. Although borrowers are resisting fixed term loans with more rate cuts forecast, 11 lenders scored a five-star rating for their three-year fixed loans under three per cent. (iStock) Five-star […]

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Travel pairing: Most anticipated concert, one of a kind accommodation

September 9, 2019

When it comes to choosing a travel destination, one can take inspiration from many things. Those who are into music, for instance, might arrange trips according to concerts they plan to watch. The Jakarta Post and travel e-commerce company Booking.com pair six concerts with six distinctive accommodation options below, to create a travel experience that is hard to forget. […]

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RBI refuses to extend Equitas SFB’s deadline for listing

September 7, 2019

The order comes at a time when the bank completed three years of operations. The Reserve Bank of India (RBI) has refused to extend Chennai-based Equitas Small Finance Bank’s deadline for listing. The banking regulator said that the bank cannot open new branches till further orders. The order comes at a time when the bank completed […]

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Negative Rates Are a Cash Cow for Denmark’s Mortgage Lenders

September 4, 2019

In Denmark, where banks have been grappling with negative interest rates longer than in any other country, there’s one corner of their business that’s raking in a lot more money. Low rates are driving record numbers of borrowers to seek cheaper mortgages, generating bumper fees for an industry that’s otherwise feeling battered. Danske Bank A/S, which […]

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Elphi, An MIT FinTech Startup, Makes Mortgage Processing Easier For Borrowers and Lenders

September 1, 2019

The process for a prospective homeowner to apply and qualify for a mortgage is simple compared to the procedures the lender has to follow to originate a home loan. Lenders must work with a variety of third-parties that require different kinds of information about the borrower. The friction created when one entity is transferring or […]

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5 Places to Travel This Fall

August 31, 2019

I know, I know, it’s sad that summer is coming to an end. But do you know what is not sad? The end of peak travel season—and its overpriced airline tickets, jacked up lodging costs, and crowds. Fall, with its calmer—and cheaper—charms is, in my opinion, the best time to travel. But where to go is quite […]

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3 Reasons Why Now Is The Best Time To Refinance Your Mortgage

August 30, 2019

Right now is as good a time as you may find to refinance your mortgage, whether for your home or a commercial property. In a piece titled “5 Reasons 2019 Is The Most Important Year For Housing In 10 Years” I argued that changes in interest rates were on the shortlist of critical factors that would impact […]

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Finance minister Nirmala Sitharaman to address press conference on state of economy

August 28, 2019

Finance Minister Nirmala Sitharaman will be addressing a press conference on August 23 at 5 pm in New Delhi. The briefing is likely to discuss the state of the economy. Foremost among the things that the Finance Minister could address is the issue of surcharge on foreign portfolio investors (FPIs). In her maiden Budget proposal, […]

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Future Lifestyle get shareholders nod to raise Rs 300 cr

August 27, 2019

New Delhi: Future Lifestyle Fashions Ltd on Monday informed that it has got shareholders’ approval to raise Rs 300 crore by issuing equity shares to Apollo India Private Equity IV (Mauritius) Ltd on a preferential basis. The company has received approval to issue 64.79 lakh equity shares of face value of Rs 2 each at an “issue price […]

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