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Electric Vehicle: Should you rent an electric vehicle (EV) before buying one? Here is a cost comparison [ad_1] Shubham, a 22-year-old Delhi-based delivery executive who works with BigBasket, first forayed into electric vehicles (EVs) three years ago, when he rented an electric bike from Zypp. Travelling on his regular bike was burning a hole in his pocket. “Out of Rs.1,000 ...

Savings deposit growth in Q2 slumps to 9.4% YoY while FDs gain traction The growth of low-cost deposits – current accounts and savings accounts – slowed down sharply year-on-year in September 2022, due to the impact of liquidity conditions and interest rate hikes. The growth of money kept in current accounts held with banks moderated to 8.8 ...

ABSL Equity Advantage mutual fund review: Needs to catch up with peers [ad_1] ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. BASIC FACTS DATE OF LAUNCH 24 FEB 1995 CATEGORY EQUITY TYPE LARGE & MIDCAP AUM* Rs.5,458 ...

Bank credit grows at 17.2% from 7% in September quarter, says RBI data Bank credit growth improved to 17.2 per cent in the September quarter 2022 from 7 per cent in the year-ago period, reflecting pick-up in economic activities. “Credit growth remained broad-based: all population groups and bank groups recorded double digit annual growth,” the Reserve Bank ...

10 banks offering lowest home loan interest rates [ad_1] With an aim to tackle inflation, the Reserve Bank of India has been increasing the repo rate since May 2022. Following the same, banks are also passing the rate hike to borrowers. In accordance with the current interest rates, the lender may review the interest rate and reset it after a ...

Irdai endorses committee's view to lower obligatory cession to zero The obligatory cession was reduced from 5 per cent to 4 per cent in FY23. The regulator has been reducing the obligatory cession over time

Burden of divorce expenses for a woman [ad_1] Burden of divorce expenses for a woman Divorce is very stressful for either party and involves some of the most critical things in a person’s life, including finances and children. In this video, Saurav Kumar from ET Online & Meghna Mishra, Partner, Karanjawala & Co., discuss how a woman can minimise expenses ...

Festivals boost credit card spends to record high of Rs 1.29 trillion Aided by festival season purchases, credit card spends touched an all-time high of Rs 1.29 trillion in October, the latest data released by the Reserve Bank of India (RBI) showed. This is 5.5 per cent higher than the previous month’s figure of Rs 1.22 trillion. On a year-on-year ...

5 Banks offering best gold loan interest rates [ad_1] If you require immediate cash for a business need, unforeseen expenses, or medical emergencies, you can avail a gold Loan. Your gold is used as collateral for the duration of a gold loan by the bank. Banks charge interest, and after you pay off the entire loan, the bank gives you ...

Excess credit growth to limit Indian banks’ loss-absorbing ability: Fitch Global rating agency Fitch said on Monday that bank credit growth in excess of 13 per cent year on year in FY23 could put pressure on core equity tier ratios (CET1) of banks, especially public sector lenders. It may limit the buffers of Indian banks to absorb potential future ...