A monthly income plan (MIP) is the most suitable way to fund your dream. It involves paying out the money to the family/nominee as a fixed monthly income over a long period.
SBI ex-chair Pratip Chaudhuri has been accused of ‘conniving’ with asset reconstruction firm to wrongly declare a loan NPA, and sell property worth Rs 200 crore for Rs 25 crore.
If the device is a hit, there will be a surge of customer data that can stand in for collateral. A small band of policy influencers could help banks get their hands on it.
RBI data shows loans to companies and individuals have been growing at a subdued 5.5%-6% in recent months, which is half the pace seen before the pandemic struck.
Bank credit data between March 2020 and May 2021 shows overall loans given by banks decelerated in the second wave. But personal loans grew in double digits.
Credit card debt as a percentage of the total is tiny, but it is expensive credit, and default is usually a sign that personal finances are in trouble.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Joint submarine patrol ‘covered more than 2,000 nautical miles’ and was joined by Russian support vessels. Beijing maintains exercise ‘not directed against any third party’.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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