Salary delays are the biggest reason for loan defaults by individual borrowers, followed by business downturns, says a survey.The survey comes months after official data showed that unemployment is at a four-decade high, the pace of economic growth slipping to a six-year low, and banks increasingly rely on retail loans to expand books as corporate credit demand is a far cry."The current slowdown is affecting debt recovery across the country," Paytm-backed financial technology firm Creditmate said in a report on Monday.Close The report, based on the analysis of 2 lakh loans from 40 banks across 30 states over the past six months, has found that salary delays are the major culprit for the delayed repayments in as much as 36 percent of the cases, followed by business downturns at 29 percent. related news Walmart launches training programme for MSMEs Exclusive | Bharti Airtel picks Axis Capital, JP Morgan, Citi as advisors for FY20's biggest QIP International airlines make a … [Read more...] about Salary delays, business downturns top reasons for loan defaults: Survey
Which loan is better fixed or floating
General investors cannot time the markets and we hence suggest looking at the markets from a long-term investment horizon and investing in a staggered manner, Pankaj Bobade, Head of Fundamental Research, Axis Securities tells Moneycontrol's Kshitij Anand in an interview.Q. What is your assessment of the September quarter earnings season? If you had to describe it in one word –what would that be? And, what were the highlights?A. The Q2FY20 results season has been a ‘mixed bag’. Given the slowdown in economic growth, one should see the results season sector by sector.The volumes in the FMCG sector were slightly better than expected especially on the back of the high base and the pain in the rural segment.Discretionary consumption plays were a mixed bag with paints and quick service restaurants (QSR) segment reporting better than expected growth. Though the near-term consumer demand is likely to be subdued, improving monsoon offers a ray of hope to invigorate demand … [Read more...] about Smart money | Chase stocks that show growth irrespective of long, mid or small-caps
Something big happened last week, and I’m not sure anyone really noticed. Both Facebook and Lenovo (with partner Google) released new VR headsets: the Oculus Go ($200) and the Mirage Solo ($400) respectively. Just like plenty of other VR headsets, these devices allow you to fly over mountains in a squirrel suit, watch YouTube on a 100-foot screen, and blast zombies to smithereens. advertisement advertisement projected to be a bestseller in the industry. They were also designed as completely stand-alone gadgets, like an iPod for VR. They require no tower PC, no tracking systems mounted to your walls, and no heavy cord attached to the back of your head. They don’t ask you to put your smudgy phone into a little scuba goggles case, either. Sitting on my couch, I can slide on the Go or Solo, pick up a tiny remote, and be inside the world of VR in moments. It just goes to show how freakin’ fast a whole new paradigm of computing can move when it’s backed by … [Read more...] about Google and Facebook are now tantalizingly close to solving VR
Homegrown private equity firm CX Partners is evaluating options to sell part stake in leading casual dining chain Barbeque Nation which has recently revived its IPO plans, four sources with knowledge of the matter told Moneycontrol.CX Partners owns 21.72 percent stake in Barbeque Nation and entered the company in 2013 and made a second investment in 2015. The popular dining brand is also backed by Big Bull Rakesh Jhunjhunwala investment firm Alchemy Capital which holds a 2.07 percent stake. Listed hospitality firm Sayaji Hotels also holds a 45.7 percent stake in Barbeque Nation via a subsidiary."Currently, CX Partners is considering a part stake sale to one of its LP's (limited partners) or a private equity fund. It may also choose to exit completely during the proposed Barbeque Nation IPO. Discussions are fluid right now and it hasn’t finalized its plans as yet,” a source told Moneycontrol. A second source confirmed the same.Close A private equity firm is … [Read more...] about Exclusive | CX Partners open to part stake sale in IPO-bound Barbeque Nation
Systematic investment plans, better known as SIPs, are in the news again. This time for showing a rise in their collections in the first quarter of FY19 despite volatile markets.According to the Association of Mutual Funds in India, in April-June of FY19, the 43-player industry collected a total of Rs 21,548 crore through SIPs, 58 percent higher than the Rs 13,597 crore collected in the same period last year.AMFI data also shows that the MF industry added 9.83 lakh SIP accounts on an average during the first quarter of FY19, with an average size of around Rs 3,300 per SIP account as compared with Rs 3,250 last year.Close At present, domestic mutual funds have about 2.29 crore active SIP accounts, through which investors regularly invest in Indian MF schemes.Himadri BuchAssistant Editor|Moneycontrol.com AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI relenting with extension … [Read more...] about What is driving SIP inflows even when equity markets are volatile?