What is a loan against fixed deposits?

When you invest in a bank fixed deposit, you can easily get a loan against it without having to break it. This is related to a personal loan. However, the loan is structured as an overdraft facility against your fixed deposit. In case of a company deposit, you can borrow after three months of investing. […]

How price increases affects home loan rates

Inflation is a buzzword you hear almost everyday. In India , the broad-based inflation rate is published every month, based on the Wholesale Price Index (WPI). The WPI measures the prices of a basket of goods and services, and the inflation rate is the percentage rise in the WPI during a given month. The other […]

Banking On A Machine

A machine that spat money! Automated teller machines (ATMs) were a thing of wonder in the 1990s. But that was then. Today, a visit to the nearest ATM can help you accomplish a myriad of tasks, such as utility payments, pre-paid mobile recharge, credit card payments, tax payments and others, whilst acting as a cash […]

Consumer credit up for 7th straight month in April

U.S. consumer credit outstanding shot up by $6.25 billion during April after a downwardly revised $4.82 billion rise in March, reflecting a rise in student and car loan. The rise in total consumer credit reported by the Federal Reserve was the seventh straight monthly increase and was well above forecasts by Wall Street economists for […]

China R&D globalization market at USD 7.65 Billion growing at a fast clip

(1888PressRelease) China has evolved as a premier destination for R&D offshoring in the last few decades and its industry is currently undergoing a paradigm shift like maturity and expansion of work portfolio, transformation and innovation in R&D, rising MNC competition with domestic Chinese firms, etc. New Delhi: Zinnov Management Consulting, a leading globalization advisory firm, […]