Tag: loan repayment

Do a cost-benefit analysis when you decide on repayment of loans

I have served three employers (including the current one) between 2015 and 2020, with no gap in employment. Recently, I transferred the employees’ provident fund...

How to manage your finances if you have lost your job

MUMBAI: Losing your job is a nightmare. It may seem diffcult to recover from such a bizarre occurrence. In a challenging phase such as this,...

Ultra-short-term debt funds are the best bet for immediate goals

I am 27, live in Mumbai, and earn ₹48,000 a month. After expenses of ₹25,000, I have been investing ₹1,000 each in three SIPs since...

When a relative abroad repays loan, forex gains are not taxable

Sometimes, taxpayers can land in a unique situation. They could make some monetary gains that are not specified under income tax laws. In such cases,...

Large banks may move RBI to tweak loan rejig rule

Large lenders may soon impress upon the Reserve Bank of India (RBI) the need to tweak a rule to make it easier to rejig loans...

Offshore guarantees, takeover bids from foreigners worry India Inc

Mumbai: Invocation of offshore guarantees given by Indian companies, pressure from overseas lenders, and takeover attempts by deep pocketed foreigners amid plummeting stock and asset...