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MUMBAI: The old joke about bankers was that they would lend you an umbrella when the sun was shining. Following the pushback against the surge in unsecured loans, that is what banks are doing, lending to customers who already have the resources. However, many customers are taking personal loans despite having savings, given the convenience…
For years, Indian families have saved in gold, stored cash, and put money in tangible assets to safeguard their future. But now, there’s a noticeable shift is visible as more Indian households are moving away from old saving ways and putting their money to work through investments.India’s total household wealth, by the end of FY25,…
Every festive season, India’s cultural affinity for gold expresses itself in strong demand. (AI image) By Navneet MunotIndia is a country of enormous diversity, with languages, customs and beliefs varying widely across regions. Yet one financial habit cuts across income levels and geography. Most households have grown up buying physical gold or silver every year…
India’s rural centres are now leading the country’s fixed deposit (FD) expansion, reversing a trend that long saw metropolitan areas driving deposit growth, according to the Reserve Bank of India’s latest data.Rural FD balances jumped 14% year-on-year to Rs 9.7 lakh crore in the September quarter, significantly outpacing the 10% rise in metro centres to…
CHAMPIONS OF CONTINUITY: Ashok Vaswani Uday Kotak Kotak Mahindra Bank’s MD & CEO (L) with founder ‘Over 40 Yrs, Capital Discipline Has Shaped Us… Two Years After I Stepped Down, The Institution Has Managed The Transition & Is Thriving With Leaders Like Ashok Vaswani’Two years after stepping down as Kotak Mahindra Bank’s CEO, Uday Kotak…
