c: Traps to Avoid and Strategies to Pay Off Faster Credit card debt is a common financial trap that many individuals fall into, leading to significant stress and financial burden if not managed effectively. By understanding the pitfalls and implementing strategic repayment methods, you can take control of your finances and work towards becoming debt-free. Common Credit Card Mistakes Making only minimum payments on credit card balances can prolong debt repayment due to high interest […]

Credit Card Issued Without Your Consent: What You Should Do Recent Developments: The Reserve Bank of India (RBI) has introduced restrictions to protect consumers from unsolicited credit cards, ensuring that individuals are safeguarded against unwanted debt and identity theft risks associated with unauthorized card issuance. Features and Benefits: Refusal to activate the card to prevent unforeseen expenses or fraud Contacting the card issuer to report the unsolicited card and request closure if necessary Issuers violating […]

Private Credit in India: Features, Benefits, and Regulatory Challenges Private credit in India has rapidly undergone transformational changes in recent years. Institutional investors now fund private credit, offering a strategic capital infusion avenue for startups and early-stage businesses. The higher interest rates, combined with flexible repayment structures, provide a compelling alternative to traditional lending sources. Unveiling the Potentials Private credit is transforming the Indian financial ecosystem by creating unique opportunities for cash-strapped startup companies. In […]

NBFCs Expected to Report Strong Profit Growth on Loan Disbursements Introduction The second quarter financial results of non-banking finance companies (NBFCs) in India are anticipated to reveal a notable 20-30% growth in net profit, primarily driven by robust loan disbursements. However, the rising cost of funds may exert pressure on margins. Analysts predict that consumer-facing sectors, such as microfinance, consumer durable goods, and vehicle loans, will experience significant growth, while affordable housing and gold-loan companies […]

Small Borrowers Show Reluctance to Maximize Credit Limits as Interest Rates Rise Utilization of Sanctioned Loans Declines Among Small Borrowers Small borrower, particularly those with loans of up to ₹2 lakh, have shown a cautious approach towards using their approved credit limits since December, following a rise in interest rates. Recent data released by the Reserve Bank of India (RBI) reveals a decline in credit use, with figures dropping from 67.3% in December to 66.9% […]