World Updates
At a tense time for international policymakers, the Federal Reserve and three of the central banks that recently supported its troubled chair are prepared to maintain interest rates at current levels. Central Banks Signal Steady Policy Stance At the conclusion of their two-day summit on Wednesday, Washington officials are generally likely to reject US President … Read more
Kanohar Electricals, a transformer maker situated in Uttar Pradesh, has submitted a draft document to the Securities and Exchange Board of India in order to raise money through an IPO to meet its working capital and capital expenditure needs. Kanohar Electricals IPO Overview Promoter K Sons Family Trust would sell up to 1.45 crore shares … Read more
Until a loan application stops or an interest rate appears too high, credit scores seldom receive any attention. It is frequently the first thing that banks and NBFCs look at, sometimes even before information on income or employment. Understanding the Importance of Credit Scores Better pricing and almost immediate approvals can result from a high … Read more
Strong loan growth and decreased provisions set aside for possible bad loans on a sequential basis helped India’s Kotak Mahindra Bank announce an increase in third-quarter profit on Saturday. Q3 Profit Performance of Kotak Mahindra Bank For the three months ending in December, standalone net profit increased 4.2% to 34.46 billion rupees ($376 million), according … Read more
All Indian internet retailers now offer free EMI by default. The same promise is used to market phones, laptops, household appliances, and even furniture: The Appeal of Free EMI Divide the payment into manageable installments to avoid incurring interest. For many purchasers, it seems like a reasonable compromise between taking money out of savings and … Read more