Closing an unused credit card reduces total available credit, which can push the credit utilisation ratio higher and potentially lower the credit score. For example, if total limits drop from Rs 5…
A Rs 1 crore retirement corpus can provide a monthly income of up to Rs 58,333 for 28 years, according to calculations by the Economic Times. The figures assume a 6% annualised…
Jefferies' Christopher Wood said the unwinding of the artificial-intelligence trade could become a trigger for foreign investors to return to Indian equities, as capital that moved from India to South Korea and…
The government has lowered its gross market borrowing estimate for financial year 2027 by nearly Rs 1.2 lakh crore to Rs 15.995 lakh crore, the finance ministry said on Friday. The original…
The Institute of Chartered Accountants of India has advised its members to plan ahead as a three-day bank strike called by the United Forum of Bank Unions from September 28 to 30…
The Bombay Stock Exchange has cautioned investors against buying international exchange-traded funds at inflated prices, warning that limited supply could push their market prices substantially above net asset value and lead to…
Kotak 811 and SBI Insta Plus are among the zero balance savings accounts available in India, each with distinct features. Kotak 811 offers free online IMPS and NEFT under its Full KYC…
A bounced cheque can lead to criminal proceedings under Section 138 of the Negotiable Instruments Act, 1881. The provision, added in 1988, applies when a cheque issued for a legally enforceable debt…
A CIBIL score above 800 signals healthy credit habits but does not guarantee loan approval, as lenders tighten norms and scrutinise past 'settled' accounts. A 'settled' tag, which appears when a bank…
Multiple EMIs can quietly eat into monthly income, leaving little room for savings or emergencies. Financial experts advise borrowers to start by listing every active EMI and comparing the total to take-home…
