The Reserve Bank of India plans to implement a comprehensive overhaul of the overdue loan recovery process from January 2027, introducing strict controls on lenders and recovery agents, including technology usage and borrower protection measures. India’s central bank is set…
Investigators emphasise the importance of capturing and organising on-chain and off-chain evidence in the initial hours of a suspected crypto scam. Early documentation, including wallet details, transaction hashes, and platform data, can be vital in tracking and prosecuting scam operators…
Apple is set to introduce Apple Pay to India by late September or early October, initially supporting Visa and Mastercard credit cards only, marking a strategic move in one of the world’s fastest-growing digital markets amid ongoing negotiations over fee…
A rising trend of borrowing for travel, gadgets, and leisure among younger Indians is reshaping household debt patterns, raising questions over financial stability and consumer priorities amid growing unsecured loans. Indian household borrowing is increasingly being driven not by mortgages…
Anthony Joseph Amaradio redefines household budgeting by linking disciplined money management with faith and long-term vision, promoting a holistic approach to financial wellbeing. Anthony Joseph Amaradio is pitching monthly budgeting as more than a spreadsheet exercise, presenting it instead as…
The Karnataka Criminal Investigation Department has introduced a dedicated helpdesk to support individuals affected by bank account freezes during cyber fraud investigations, following court rulings on targeted and proportionate account restrictions. The Karnataka Criminal Investigation Department has opened a dedicated…
Delhi Police have dismantled a nationwide cyber fraud network involved in over Rs 15.71 crore in suspicious transactions, arresting nine suspects across four states and uncovering international links with Qatar and Dubai. Delhi Police said its cyber unit in the…
For households with limited monthly savings, selecting the right investment product depends on the timeframe and goals. Experts highlight the importance of aligning savings instruments like fixed deposits, recurring deposits, and SIPs with specific financial objectives and risk appetite. For…
Pensioners’ groups demand more frequent dearness allowance revisions and a significant boost to minimum pensions, challenging the current inflation-linked system as the 8th Pay Commission prepares its recommendations. Pensioners’ groups have stepped up pressure on the 8th Pay Commission with…
Small changes in attention, habits, and opportunities can indicate the start of a three-year improvement in career and finances, if recognised and nurtured early. Signs that a person’s career and finances may be entering a better phase are not always…
A rapid rescore can quickly update a borrower’s credit file to potentially improve mortgage prospects, but its results are not guaranteed and depend on lender processes and documentation. A rapid rescore can be a useful mortgage tool when a borrower’s…
With household borrowing reaching $18.8 trillion and delinquencies rising, consumers are urged to avoid relying on unsolicited debt forgiveness and consider proactive repayment strategies amid ongoing economic uncertainties. Unsolicited debt forgiveness can happen, but consumers should not expect it and…
