Latest Updates Around The World
Image source: Shutterstock Millions of consumers carry credit cards full of benefits that they never activate, and many don’t even know these benefits exist. Retirees who rely on their cards for everyday purchases often assume the rewards end with cash back or points. Winter is a season when people take a closer look at their […]
Image source: Shutterstock A growing number of employees say they feel financially strapped, even though they show up every day and do everything right. Many don’t realize that their job may be the biggest factor slowing their financial growth. Winter is a season when people reassess their goals, making these problems more noticeable. Employees who […]
Image source: Shutterstock Many consumers are discovering that their credit card’s annual interest rate increased this winter, and most had no idea of ​​the changes behind it. Winter is a season when people have higher balances, making these increases particularly painful. Retirees and households on fixed incomes say the timing is particularly difficult. Here’s what […]
However, that approach comes with compromises. Higher fees are a real problem as many alternative strategies rely on active management. Complexity is another. Finding ETFs that truly diversify returns rather than just repackage known risks isn’t easy. And even if the construction is good, a big gap remains. The portfolio is not designed to protect […]
According to a new report from AI-powered credit card optimization platform SaveSage, flight bookings and airline mile transfers will become the most preferred use of credit card reward points in India by 2025, overtaking cashback for the first time. The research found that almost a third (32 percent) of all rewards points redeemed by SaveSage […]
Expected credit losses will help banks better understand their portfolio mix | Photo credit: iStockphoto The Reserve Bank of India’s draft guidelines on expected credit losses (ECL) for banks, if implemented unchanged, could lead to lenders pricing loans upwards and reshaping their lending strategies, experts say. “Expected credit losses will help banks better understand their […]
The above development comes in the wake of challenges in the implementation of Phase 1. The Reserve Bank of India (RBI) has postponed the implementation of Phase 2 of Continuous Clearing and Settlement on Realization in Check Truncation System (CTS) until further notice. The central bank said this is to give banks more time to […]
In a notification from IBBI, a new provision has been added to the scheme that deals with the mandatory content of the resolution plan. | Photo credit: lakshmiprasad S In a bid to curb opaque resolution bids, the Insolvency and Bankruptcy Board of India (IBBI) has made it mandatory to disclose beneficial ownership in the […]
The Bombay High Court has stayed all current and future actions of three banks seeking to declare the accounts of Anil Ambani and Reliance Communications Ltd as fraud, citing violations of the RBI’s Master Directions. | Photo credit: VIVEK BENDRE The Bombay High Court on Wednesday stayed all enforcement action against public sector banks and […]
When family asks for financial help, it’s normal to want to support them, but it can feel complicated if you’re already struggling yourself. Balancing the desire to help loved ones with your own financial stability is not easy and can create feelings of guilt or pressure. This post looks at factors to consider when family […]
