Author: Nisha Chawla
Nisha Chawla
Nisha Chawla is a seasoned professional with 15 years of experience in banking, insurance, investment, and the debt sector. Holding a B.Com degree, she has been writing for the past five years, offering valuable insights on banking, loans, and financial schemes. Her passion for writing brings clarity to complex financial topics.
After a successful IPO, Bajaj Housing Finance is poised for significant expansion, with Chairman Sanjeev Bajaj projecting steady credit growth of 12-15% in the coming years. The company’s strong performance has already attracted widespread investor attention, and its stock price has seen a remarkable increase of over 150% in just two days after its listing. Contributing to India’s Economic Growth Bajaj Housing Finance is well-positioned to play a major role in India’s financial sector. According to Sanjeev Bajaj, “Our company will make a significant contribution to India’s credit growth, especially in the housing finance segment.” The company aims to make…
If you’re considering locking in a higher interest rate on Fixed Deposits (FD), you have until September 30 to take advantage of the special FD schemes offered by SBI, IDBI Bank, and Indian Bank. These schemes offer competitive interest rates ranging from 7.05% to 7.35% for general investors, and slightly higher for senior citizens. But should you invest? Here’s a breakdown of why this might be the right time to make your move. Higher Interest Rates for a Limited Time With expectations of a rate cut by the US Federal Reserve on September 18 and the possibility of the Reserve…
Credit card fraud is a growing concern in today’s digital age, where financial transactions are increasingly conducted online. As cyber criminals become more sophisticated, it’s essential to stay vigilant and adopt effective measures to protect yourself from fraud. This comprehensive guide provides practical tips and best practices to help you prevent credit card fraud and safeguard your financial information. Understanding Credit Card Fraud Credit card fraud occurs when someone uses your credit card information without your permission to make unauthorized purchases or withdraw funds. This can happen through various means, including stolen physical cards, data breaches, phishing attacks, and skimming…
Unified Payments Interface (UPI) has revolutionized the way we handle financial transactions in India. Developed by the National Payments Corporation of India (NPCI), UPI allows for instant money transfers between bank accounts via a mobile platform. While UPI provides convenience and efficiency, users sometimes encounter issues that require resolution. If you face any problems while using UPI, knowing how to register a complaint is crucial. This guide will walk you through the process of registering a UPI complaint, ensuring your issues are addressed promptly and effectively. Understanding UPI and Common Issues Before delving into the complaint registration process, it’s essential…
Banks play a crucial role in the economy by facilitating financial transactions, providing loans, and offering various financial services. But how do banks make money? Understanding the business model of banks reveals how they generate revenue and sustain operations. This comprehensive guide delves into the various ways banks make money, covering interest income, fees, investments, and more. The Core of Banking: Interest Income 1. Interest on Loans The primary source of income for most banks is the interest earned on loans. Banks lend money to individuals, businesses, and governments, charging interest on these loans. The interest rate is typically higher…