If you are a professional, particularly working remotely in the pandemic, you probably know that working from home is not as fascinating as it sounds. Yes, you do have the comfort of being in your pajamas, but it can get incredibly monotonous. Some months into work from home and everyone
We all secretly desire a beautiful mansion, vacations steeped in luxury, and high-end cars and gadgets, don’t we? But, fulfilling these dreams costs money—a lot of it. And for most of us, money is a limited resource, something we always need to save for a rainy day. It
Before you avail of a loan, consider whether the lender you have approached has a provision to prepay the loan. Sometimes, when you have an excessive inflow of cash, you can direct the extra funds to your loan and pay it off before the end of its tenure. This is
An Equated Monthly Installment, popularly known as EMI, is a payment made by a borrower to the lender. This payment is constant or fixed and is made on a pre-determined date every month. The EMI consists of both the interest and the principal and when paid over the course of
Wondering what is liquidity ratio? Simply put, it is a metric that helps understand a company’s ability to pay off short-term debt. It is helpful to estimate whether a company’s current assets can cover its liabilities. It is largely used by banks and other financial institutions to determine
Underwriting is an important function in the world of finance. From insurance to home loans to investment banking, underwriting is everywhere, and it helps lenders understand how much risk they should take and what price they should assume for it. What is underwriting?Underwriting is a process that an individual
The Reserve Bank of India (RBI) is the apex bank of the country. It manages the supply of money to other commercial banks and largely controls the flow of money in the economy. To do so, the RBI makes use of the various monetary tools it has at its disposal,
If you are employed, your major source of income is your salary. It is a fixed amount of money that you receive on a pre-determined date every month to compensate you for the services you provide. If your salary falls within a certain income tax slab, then it is taxable
If you are a working professional, you may have earned promotions and saved a lot of money over the years too. Now, it is time to start thinking of investing all the extra cash. And while you mull over your options, include this important aspect of investing while conducting your
