Private equity represents investment in capital of unlisted entities. It pools money from institutional investors and high networth individuals and invests directly in private companies or acquires control of distressed and non profit making public companies. Unlike Venture Capital ... Continue Reading
Cash credit is a facility to withdraw money from a current bank account without having available credit balance. The credit is restricted to the extent of borrowing limit sanctioned by the commercial bank. The interest on this facility is ... Continue Reading
Affordable Housing are those housing units that the Low Income Group (LIG), Middle Income Groups (MIG) and economically weaker sections (EWS) can afford. The Ministry of Housing and Urban Poverty Alleviation defines affordable housing on the basis of ... Continue Reading
Small finance banks are a type of niche banks in India. The small finance bank shall primarily undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections including small business units, small and marginal farmers, ... Continue Reading
Revised Framework for NPA classification by RBI. In view of the implementation of the Insolvency and Bankruptcy Code, 2016, the RBI vide its circular dated February 12, 2018 has revised its guidelines for resolution of stressed assets to harmonise them with IBC. A. ... Continue Reading
Walmart on Thursday announced the world’s largest ever ecommerce deal by acquiring a 77% stake in Flipkart for $16 billion. Walmart will infuse $2 billion in fresh equity investment and the balance will be purchased from the existing investors in Flipkart. ... Continue Reading
Public Provident Fund (PPF) is one of the most popular savings instruments which also qualify for deduction u/s 80C of the Income Tax Act. A PPF account can be opened by only a resident individual. Joint ownership in PPF ... Continue Reading
Gopal woke up to a rude shock when his mobile message notification displayed that Rs 10,000 has been debited from his account. Even before he could recover, he received two more messages quoting withdrawals of another Rs 10,000 and Rs 20,000 respectively. ... Continue Reading
Lenders assess a host of factors including income bracket, age, existing debts and credit score of a loan applicant. They assess a host of different factors. What are these lesser-known factors? Your repayment capacity  Banks evaluate the professional profile ... Continue Reading
Here is a step by step guide to check your EPF balance on your smartphone.  1. Download Umang App from Android, iOS app store: The Employees’ Provident Fund Organisation (EPFO) has hosted its services on Umang app. Launched by ... Continue Reading
©2018 TheNewsClues