Tag Archives: money

Why creating a ‘bad bank’ is a better idea than simply throwing money at PSBs

The financial year 2017-18 was among the bleakest for public sector banks (PSBs) as they together reported a record loss of Rs 85,370 crore. The banks had to make higher provisions for bad asset recognition as the Reserve Bank of India’s latest guidelines meant they could no longer restructure loans the way they had been doing in the past. Much ... Read More »

Where you have more chances to earn money: Forex or Binary Options?

If you are a beginner investor who is wondering you have the chances of making the most profit, this article will come as a handy guide to help you decide which trade instrument you should use. Binary Options investments are pretty new while the forex trading has been in existence since the origin of money. The forex markets are much ... Read More »

International Day of Happiness: Money can buy you happiness, but only to a certain point, says Raj Raghunathan

Raj Raghunathan, professor of marketing (consumer behaviour) at University of Texas at Austin and author of ‘If You’re So Smart Why Aren’t you Happy?’, attempts to unravel the relationship between money and happiness. Can money buy you happiness? Perhaps, to some degree, if you manage it well. On International Day of Happiness on Tuesday, Raj Raghunathan, professor of marketing (consumer ... Read More »

Is Your Angel Investor Playing Power Ball or Money Ball?

Sophisticated investors in high potential start-up companies generally take one of two approaches to angel investing, which I call “power ball” and “money ball”. Either of these approaches can yield high financial returns, but their success requires angels to stick to the rules of the game they are playing. Investors do poorly when they confound the two games. Types of ... Read More »

Lend Money, Earn Interest? Not Easy in Europe’s Loan Market

(Bloomberg) — For investors still waiting for the first interest payment on the leveraged loan they joined, there may be a glimmer of hope. The Loan Market Association, an industry body, is preparing to publish guidelines aimed at speeding up the settlement process and making the European leveraged loan market more efficient. “We are in the final stages of drawing ... Read More »

I’m a financial planner — here’s what I tell people who ask if they’re saving enough money

sunglasses thinking happy future More (Once you start moving, it’s easier to keep going.Flickr/normalsanik) Savings advice can sometimes seem like satire. Start early. Save 15% of your income. Make sure it’s your pretax income. Do it for 40 years. Cross your fingers. Click your heels. But in the real world, that’s not how it works for most people. As a financial ... Read More »

Saving Time and Money with More Realistic Educational Opportunities

You may have undergone a host of training in how to sell to your customers. These classes may have been campy and comical in nature and little more than a session in how to become a paid cheerleader for your brand and business. While amusing in design, these classes also may have been a big waste of your time and ... Read More »

SBI makes online money transfer cheaper, cuts NEFT and RTGS charges

After lowering the Immediate Payment Service (IMPS) charges, the State Bank of India (SBI) on Thursday reduced charges for National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) transactions by up to 75% effective July 15. The reduced charges will be applicable on the transactions done through internet banking and mobile banking services offered by the bank, according ... Read More »

The 3 payment banks have plans for your money

MUMBAI, MAY 24:   With three players launching their payments bank services, consumers now have more choice for their banking needs. Going by the rate of interest being offered for deposits, Airtel seems to be the most aggressive. The telecom operator’s payments bank provides the highest interest raṭe on deposits at 7.2 per cent, followed by India Post at 5.5 per ... Read More »

This Caribbean Bank Wants Chinese Money No One Else Will Touch

The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks. So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking system by HSBC Holdings Plc, ... Read More »