Mumbai (Maharashtra) [India], July 31: Rohit was just 23 when a bank in Pune rejected his two-wheeler loan application. He had a steady IT job, no debts, and enough savings for the down payment. But the guy had zero credit history. To the bank, he wasn’t a bad risk — he was invisible. This kind…
Category: Finance
Auto Added by WPeMatico
How Villages Are Getting Access to Loans Through Their Phones
Mumbai (Maharashtra) [India], July 30: Picture this: somewhere in a village, a farmer, a tailor, or a small shopkeeper grabs their phone — nothing fancy, just a basic one — pokes a few buttons, and boom. Money pops into their account. No need to hunt for a bank branch, fill out stacks of paperwork, or…
Debt, Discipline, and Dreams: The New Financial Playbook for Young India
Mumbai (Maharashtra) [India], July 29: Puva never planned on racking up debt for a concert. She’d already missed Coldplay in Mumbai, and honestly, that bugged her. So when tickets for Ahmedabad popped up two days later, she grabbed her bag, messaged a friend, and just went. The wristbands were glowing in sync with the music,…
India’s GDP Growth Projected Between 6.8-7.2% for 2026: Finance Ministry Officials
Mumbai (Maharashtra) [India], July 28: When the Economic Survey hit Parliament this year, it tossed out a number that quietly put a lot of nerves at ease: 6.8 to 7.2 percent. That’s where the Finance Ministry expects India’s growth to land for FY27, which kicks off next April. Not exactly earth-shattering, but it says a…
Can a Credit Card Improve Your Credit Score?
New Delhi [India], July 23: Your credit score is a reflection of how well you manage debt. It is a number from 300 to 900 that lenders and credit card issuers evaluate to determine whether they can offer you a loan or credit card. If you don’t have a credit score, you need to take…
Crude Oil Shock: How Escalating West Asia Tensions Are Hitting Indian Equities
Mumbai (Maharashtra) [India], July 22: Every time fighting breaks out near the Strait of Hormuz, market nerves flare up in Mumbai. It’s not just a figure of speech — Dalal Street feels every shock from that patch of water thousands of kilometers away. Brent crude spiked almost 14% in just four days, breaking past $85…
Rupee Under Pressure: What’s Driving India’s Currency Volatility in 2026
Mumbai (Maharashtra) [India], July 22: Go to any currency exchange in Mumbai or Delhi this year, and you’ll see it right away. Those rate boards are changing faster, and not in the rupee’s favor. Not long ago, a dollar cost around 83 rupees. Now? You’ll get quotes anywhere from 91 to 95, depending on the…
Behavioral Finance and Investor Psychology: Why Smart People Make Dumb Money Decisions
Mumbai (Maharashtra) [India], July 21: Open an economics textbook and you’ll get a clean, reassuring story: investors crunch numbers, weigh the options, and always chase what makes them the most money. But talk to anyone who lived through the crash in 2008—or someone who piled into GameStop at $400—and you’ll get a very different picture….
Senior Citizens Can Now Earn Up to 7.95 Percent on Bandhan Bank Fixed Deposits
Kolkata (West Bengal) [India], July 14: Savers seeking stronger yet stable returns have a fresh reason to consider fixed deposits. Bandhan Bank has increased its Fixed Deposit (FD) interest rates on select tenures, with senior citizens now able to earn up to 7.95% per annum on deposits of two years to less than three years….
Building Personal Financial Stability: Practical Steps Beyond Budgeting
New Delhi [India], July 11: “Budget your money.” We’ve all heard it, right? For beginners, tracking every cup of coffee and subscription is solid advice. But if you’re aiming for real financial stability, you need to go way deeper. You want a life where the weird surprises—job loss, sudden bills, or the economy doing its…