If you are short of funds and planning to borrow from a fintech lending app, it is imperative that you stay careful about a number of things. At the outset, the app must be approved by the banking regulator, Reserve Bank of India (RBI).There have been several cases in the past where fake apps and agents managed to dupe gullible borrowers. Frauds in the name of lending are not an unusual phenomenon. Read this Livemint article to know more about whether it's safe to borrow via loan apps.Also Read | Can a pers ...

In a remarkable feat, DBS Private Bank’s multi-family office has soared to a record S$1 billion in assets under management (AUM) merely two years post-launch. The DBS Multi Family Office Foundry VCC (DBS MFO), which debuted in 2023, proudly claims the title of the world’s first bank-backed multi-family office. Since its inception, this financial innovator has attracted 25 ultra-high-net-worth (UHNW) families from across the globe, according to a press release from Singapore’s largest bank issued on Septembe ...

Travel website ixigo has rolled out the ‘Grand Travel Fest’ sale with unbeatable savings on flights and hotels. As the festive season draws closer, travellers can enjoy up to 15 per cent off on Flights & Hotels through exclusive bank partnerships.This is meant to make festive journeys more affordable; the sale ensures families and individuals using credit cards can plan trips home and celebrate together, without stretching their budgets.Travellers can enjoy up to 12% off on flights and hotels with ICICI Ban ...

The combination of a tax overhaul and festival demand is pushing credit growth higher. While this could give the economy a short-term lift, lenders are also weighing the risk of overextension.Prime Minister Narendra Modi’s “Diwali gift” has now kicked in. GST has been streamlined to two slabs, 5% and 18%, down from four, with a flat 40% levy on luxury and sin goods, as Finance Minister Nirmala Sitharaman announced on September 3. Most items earlier taxed at 12% or 18% now fall into the 5% band or are exemp ...

Key insight: Criminals exploited the banking system's "check float" period as a core part of the scheme.What's at stake: The scheme compromised the personal and financial security of individuals who now have ongoing fears about identity theft.Supporting data: Of the $1.2 million the criminals attempted to steal, banks only lost $22,000 to the scheme.Overview bullets generated by AI with editorial reviewA federal judge recently sentenced a Missouri man who orchestrated a check fraud operation using checks st ...

They may reach out, develop trust, and ask seemingly innocent questions like, “Oh, you have a dog? What’s your dog’s name?” Using artificial intelligence tools, they then use permutations of this information in attempts to hack the online accounts of other family members.“A child could be an effective channel for a criminal to gain that information,” warns Julie Kuzmic, senior compliance officer, consumer advocacy with credit bureau Equifax Canada.A range of harmsAs parents know only too well, children’s ex ...

The liquidity surplus declined to 70 billion rupees ($794 million) on September 21, the lowest since late March, after nearly 2.6 trillion rupees moved out due to income tax and goods and services tax payments. The amount of money in the banking system influences market interest rates, including those on consumer loans. "We expect this shortage to be temporary, as a pickup in government spending should help neutralise its impact over the coming week," said Vivek Kumar, an economist with Quanteco Research, ...

In this episode, Emily interviews Snehanjana Chatterjee, a 3rd-year international graduate student at Texas Tech. Snehanjana recounts her financial journey over the past few years, from how she funded her start-up expenses upon moving to the US to how she’s gained scholarships and awards to increase her income. Snehanjana volunteers to help international students acclimate to the US, and she shares some of their concerns and questions. Finally, Snehanjana asks Emily about banking and investing as an interna ...

In the last few years, some banks have started providing accelerated reward points for credit card spends through their portals. HDFC Bank is the pioneer, offering up to 10x reward points for credit card spends through the SmartBuy portal.Next, American Express introduced the Reward Multiplier platform, offering up to 5x reward points. In 2025, ICICI Bank introduced the iShop portal with up to 12x reward points, and IDFC FIRST Bank introduced the Travel & Shop section on the IDFC FIRST Bank Mobile App, offe ...

AU Small Finance Bank (AU SFB) has officially launched its ‘AU KOSMO Credit Card’, a credit card based on UPI (Unified Payments Interface) in partnership with Kiwi, a leading ‘Credit on UPI’ platform.UPI is fast emerging as the preferred payment option for credit cards now. In August 2025, UPI P2M (Person-to-Merchant) payments saw a 26% year-on-year growth, crossing ₹7.2 lakh crore in value. RuPay’s credit card market share has also grown significantly, rising from 3% in FY23 (2022-23) to nearly 12% in FY25 ...