How RBI’s policy changes will affect Kotak Mahindra Bank.
Economy

How RBI’s policy changes will affect Kotak Mahindra Bank.

You would have heard about the term ‘Cause and Effect’. This plays a role in many things happening around us. The simple explanation of this term is that you do something which becomes a reason for something that you might not have expected. For example, nature is surprisingly healing these days due to lockdown. Here, the cause is the lockdown and the effect is healing of nature. A thing to note here is that the lockdown was implemented to curb the pandemic and not to heal the nature.

Continue Reading about 1 months ago
RLLR vs MCLR: Difference between RLLR and MCLR
Investing

RLLR vs MCLR: Difference between RLLR and MCLR

Owning a house is a dream of many. As much as you focus on the details of your home, equal importance must be given to knowing the key details about the loan that monetizes your dream.You have two choices in hand. You can either run to the near-by Kirana store to purchase your supplies or visit popular market corners like Sarojini Market, Newmarket, etc where you can get your stuff at an Rs.50 or 100 less. 

Continue Reading about 3 months ago
RBI’s moratorium policy- how will it affect the borrower?
Economy

RBI’s moratorium policy- how will it affect the borrower?

All banks, including housing finance companies, were allowed to allow a 3-month moratorium on installments of EMI for outstanding loans on March 1, 2020. Loan Moratorium: Amid the Coronavirus outburst and its impact on the living of millions of individuals - paid and self-employed - the declaration of the Reserve Bank of India gave great relief to the term of borrowers. All commercial banks, including housing finance companies, were permitted to give a 3-month moratorium on monthly installments on all term loans which are outstanding on March 1, 2020.

Continue Reading about 4 months ago
Can RBI save the Economy?
Economy

Can RBI save the Economy?

You might have read a story in your childhood about 2 trees which faced a thunderstorm at the same time. One of them which had a nice built, stayed upright in pride while the other one was a bit flexible and started bending with the wind. The proud tree which was upright looked at the other one and laughed. It said “you’re dancing with the wind. Look at me, I’m strong and the strong wind can’t even move me.” The intensity of the wind increased and increased further. Slowly this tree started feeling the force and losing its balance. The other tree on the other hand kept dancing with the wind and stood its ground. Finally, when the thunderstorm’s intensity reached its peak, the stronger tree got uprooted. While, the flexible tree was still alive. With the relief package declared by RBI, our economy is probably showing the required flexibility to tackle the thunderstorm of Coronavirus.

Continue Reading about 4 months ago
RBI
Economy

RBI's Operation Twist: How is it reviving the Indian Economy?

When 'Operation Twist' started trending on social media one fine evening, people were somewhat confused if it is some covert operation by armed forces. There was incomplete information and misinformation doing rounds until financial news handles came up and explained.

Continue Reading about 6 months ago
What is Rating shopping and How it can be stopped?
Investing

What is Rating shopping and How it can be stopped?

Once there was an ugly guy named ‘IL&FS’ who although knew he looked ugly but, was not ready to accept it publicly. He asked one of his acquaintances “How do I look? Give me a fair opinion.” To which the person replied “Well… To be straightforward, I would say you don’t look attractive.” IL&FS thought, this is not acceptable. I’ll pay and ask someone else. So, he went to another acquaintance and said “I’ll pay you handsomely if you tell me that I look good!” Of course, the person said “Oh! you look quite handsome!” IL&FS accepted it with pleasure and posted it on social media and everywhere else that “I look quite handsome according to…”. Just think, he bought an opinion, right? That’s what happens in case of credit rating given to companies. And, that’s what RBI calls ‘Rating Shopping’.

Continue Reading about 7 months ago
Gold Monetization Scheme: Earn Money on your Idle Gold
Investing

Gold Monetization Scheme: Earn Money on your Idle Gold

Gold is one of the most valuable elements found in our blue planet. Throughout history, we've admired gold and used it as a medium of exchange.

Continue Reading about 7 months ago
NEFT timings 24x7 now possible- RBI
Economy

NEFT timings 24x7 now possible- RBI

Many people might have blessed RBI after the announcement of the new NEFT transfer time. What’s the new NEFT timings and what can be the potential advantages of the new NEFT transfer time?

Continue Reading about 7 months ago
What are the impacts of Repo Rate Cuts by RBI?
Economy

What are the impacts of Repo Rate Cuts by RBI?

Entire media is reviewing the monetary policy rate and so are many others out there. What are the aspects involved in monetary policy? Why does the RBI cut Repo rates and what can be the implications of these Repo Rate Cuts?

Continue Reading about 8 months ago
Why is RBI cutting Repo rate constantly?
Investing

Why is RBI cutting Repo rate constantly?

Based on current and evolving macroeconomic situations, the Reserve Bank of India’s monetary policy committee decided to cut the repo rate under the liquidity adjustment facility by 35 basis points from 5.75 percent to 5.40 percent. This is the fourth time in a row that the RBI has cut the repo rate this calendar year (2019). In the last three monetary policy reviews, the rate cut is by 25 basis points. Repo rate is the benchmark-lending rate at which the central bank of the country lends money to commercial banks for about 7 to 14 days in the event of any shortfall of funds. The repo rate acts as a floor below which the short term interest rates don’t go. The repo rate is used by the central bank to control inflation. A decrease in repo rate means lower cost of short term money which reduces the EMIs on home and auto loans and the debt repayment burden, boosting economic growth.

Continue Reading about 11 months ago
Why can
Investing

Why can't RBI print unlimited currency?

There is common doubt in everyone’s mind that why can't RBI print unlimited currency and distribute to its citizens. To get this clear

Continue Reading about 1 years ago
Alternative Dispute Resolution
Legal

Alternative Dispute Resolution

We have watched various Bollywood movies where the victim struggled due to the inefficient judicial system and had to fight for the justice for years. Since movies are a reflection of the society it is safe to say that what is being shown might actually be happening in the society. The various possible reasons for that could be corruption, vacant judicial posts, lack of political will, overpopulation or increased crime rates etc.

Continue Reading about 1 years ago
Arbitration Agreements Explained
Legal

Arbitration Agreements Explained

An Arbitration Agreement is a contract by which the parties agree to resolve disputes without filing a suit or case in court.

Continue Reading about 1 years ago
Basics of Arbitration Agreement
Legal

Basics of Arbitration Agreement

The business world has been progressively hesitant to dispute in courtrooms, that it becomes necessary to resort to the machinery of justice to settle a dispute connected with that contract.

Continue Reading about 1 years ago