New Delhi [India], Apr 21 : Before the digital era began, home loan processing was very unpredictable. However, with digitization, a whole new world of instant credit and instant loans was formed.
Technological initiatives coupled with credit processes has transformed the entire customer experience forming a lending ecosystem. Now a day's banks and institutions rely more on credit reports generated by credit information agency - CIBIL for gauging a loan applicant. An applicant with a score of 750 or above can get a home loan smoothly.
Low interest rates on housing loan and IT benefits have induced many to own a property. Nowadays CIBIL is helping borrowers to check the best loan available based on his/her credit scores and history.
New Delhi [India], Mar 17 : When it comes to life experiences, few can match what travel has to offer. No matter who you accompany and what destination you visit, the returns from a trip are likely to be impressive. But there is so much to see all over the world, where do you start? And more importantly, how to pay for your travels?
Think of a Personal Loan to meet your travel needs.
A wedding is one of the happiest occasions in the family. The preparations and the ceremonies are one big riot of emotion and celebration. And it is obvious that you would want this once-in-a-lifetime event to be the biggest celebration of your life. But big celebrations usually involve big money.
New Delhi [India], Nov 14 : In response to the demonetization efforts being undertaken by the government to tackle and eliminate relevant issues and opt for a cashless mode, Bajaj Finance Limited (BFL), the lending arm of Bajaj Finserv and India's leading and most diversified retail-focused NBFC, today announced that its revolutionary EMI (Existing Member Identification) card is the way to pay, enabling cashless transactions to buy anything from consumer durables, furniture, apparel, footwear, eyewear or even groceries.
Mumbai: Stock prices of insurance companies saw renewed buying interest and surged up to 9 percent in view of the reports that government is contemplating raising FDI cap in the sector.
Max India rose by 9.01 percent, while Reliance Capital shares rallied 5.22 percent on the BSE.
Shares of Bajaj Finserv gained 4.83 percent, while Religare Enterprises was up 2.58 percent.
Reports said earlier this week that the Finance Ministry is contemplating raising FDI cap in insurance sector from 26 percent to 49 percent with some riders like restriction on voting rights.
Indian stock market closed flat after benchmark BSE Sensex touched an intraday high of 17,726. NSE Nifty closed at 5338. European Markets opened negative and this led to decline in Indian stocks during the end of the trading session.
FTSE was down by 0.5%, CAC 40 was down by 0.62 per cent at 3431 while DAX was down by 46 points at 6921. Asian Markets were mixed with Nikkei 225 gained 0.88% while Straits Times down by 0.51%. Hang Seng ended the day flat.
The finance arm of the second largest two wheeler manufacturer in the Indian market, Bajaj Finserv has recently said that it has picked up an additional 4.37 per cent stake in Bajaj Auto Finance.
While the value of the deal is pegged at Rs. 111.33 crore, it is to be mentioned here that the company bought close to 16,01,900 shares which come out to be close to 4.37% at a price of Rs. 695 per share.
Bajaj Finserv has declared its annual financial results for the year 2010. Its consolidated net profit was found out to be Rs 554.53 crore for the year that ended on 31st March, 2010. It was Rs 71.31 crore for the preceding year. The total income of the company has gone up to Rs 985.41 crore this years.
Stock market analysts have maintained 'buy' rating on Bajaj Finserv Ltd with an intraday target of Rs 350.
According to them, interested traders can purchase the stock with a strict stop loss of Rs 340.
If the stock markets remain on the positive path then the stock price will hit a target above Rs 3582.
Shares of the company, on Monday (Nov 16), closed at Rs 116.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 139.70 and a low of Rs 53.50 on BSE. Current EPS & P/E ratio of the stock stood at 17.46 & 6.69 respectively.