A public sector bank should be your first priority as interest rates are lowest compared to private banks and non-banking financial companies (NBFCs). For instance, public sector banks such as the State Bank of India and Canara Bank charge 7.50 per cent and 7.65 per cent interest, respectively, per annum on gold loan. Private banks charge interest rates in the range of 9.90-11.5 per cent a year and NBFCs such as Manappuram Finance, Muthoot finance charge 12 per cent interest annually. … [Read more...] about What are the charges for gold loans, how is the value of ornaments calculated, which lenders are the best and other key questions answered
Local gold coin dealers
Gold fund of funds: These are open-ended mutual funds primarily investing in gold ETFs. Just like other mutual funds, gold schemes can be purchased and redeemed at NAVs and can also be invested in through the SIP/STP modes. Gold funds have higher liquidity than other modes of gold investment, as they can be redeemed directly from the fund houses on any business day. Higher liquidity, along with the availability of SIP/STP/SWP in gold funds, also allows higher flexibility to their investors in implementing their asset allocation strategy. … [Read more...] about What’s the best way to invest in gold now?
The bank’s board also approved raising up to Rs 500 crore through issuance of debt instruments in domestic and/or foreign markets on a private placement basis. Similarly, Federal Bank’s board had given nod early this year to raise up to Rs 12,000 crore to fund its growth plans. Armed with capital and new leadership, these banks are well-positioned to grow but the path will be challenging, said analysts. … [Read more...] about Kerala’s private banks hire top talent, tweak gameplan to gain national focus
Another good space to buy art is the India Art Fair, held every January. From what we hear, there will be an edition, albeit a smaller one, in 2021 and you can browse through works of artists represented by a whole range of art galleries from India and abroad (New York, Paris, Berlin and London galleries often are represented at the fair). The India Art Fair is not as snooty as a high-end gallery, and once word gets around that you have bought a significant piece of art, even the supercilious will begin approaching you themselves. … [Read more...] about Buying art for dummies: Why you should buy, what you should buy and how you should build up your art portfolio to offer you both joy and great returns
There are also potential headwinds. First, politics has permanently changed how Infosys’s biggest markets look at outsourcing. Political leaders would like to see more local hiring. Infosys has committed to raising its local hiring to a total of 25,000 in the US by 2022, from about 13,000 today. Second, and related to the first, it is possible that Infosys and other top Indian IT companies will likely see themselves targeted more for racial discrimination. … [Read more...] about Is Salil Parekh Infosys’s bellweather beacon?