This is Diwali time and as my family many of you will see your family gold that will be released from lockers and safes for LaxmiPuja. We Indians are classics when it comes to gold. All traditional investor fancy it, generations pass it, and everyone has it- You, me, your relatives, my relatives and aboveRead More
Banking
RBI Repo Rate Cut: The Good, Bad and Worst
Dr Raghuram Rajan remind me of Harvey Specter from Suits… Not only both look dashing in their suits but also share similar trait of… Surprising the surroundings. So last week when Dr Rajan decreased the Repo Rate by 50 bps (.5% as 100 bps =1%) which was more than anticipated and asked, he was calledRead More
Indian Economy INR & Investors [infographics]
So much has been written about the crashing rupee and Indian economy that this article almost looks like beating a dead horse to me but I will still beat it. It really is all old news now that India is in the doldrums – nothing seems to be working at the moment – from aRead More
Does a pre approved home loan make sense ?
Shrikant Bangad, 27, successful entrepreneur, was planning on getting married soon. He was keen to buy a home before the wedding. Srikant’s secret to success was his foresight and planning. He wanted to get his home loan approval in place, so that if he liked a particular property he could close the deal without delay. Read More
Is a home loan transfer right for you ?
In 2009, when teaser loans were the rage, Suhas and Namrata Joshi, a young couple from Pune, India took a teaser loan from a public sector bank at a very attractive rate of 7.5% p.a. Like most teaser loans, for the next two years the rate rose by a percentage and then after the thirdRead More
How to remove hypothecation from RC after car loan termination
So you own a car under a car loan but now want to foreclose it ? There are some do’s and don’t you need to be aware of as far as car loans in India are concerned especially on how to remove hypothecation from RC after car loan termination. Unlike a home loan where theRead More