finance – Page 4 – THE ECONOMIC INDIA

26 May

Compliance-Driven Digital Lending Emerging as Key Growth Strategy for India’s NBFC Sector: VVN Lakshmi Kumari Akula

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New Delhi [India], May 26: India’s digital lending ecosystem is witnessing a major shift towards compliance-led growth, transparent lending practices, and customer-centric financial services as RBI regulations continue to reshape the NBFC landscape. With increasing focus on governance, ethical collections, data privacy, and responsible lending frameworks, NBFCs are prioritizing stronger compliance systems alongside technology-driven expansion to build long-term customer trust and sustainable growth. Industry experts believe that the future of digital lending in India will depend not only on faster credit access and automation, but also on transparent pricing, customer protection, grievance handling mechanisms, and robust risk management practices. Vaishali…

21 May

How to Protect Your Savings from Inflation: The Power of Compounding Explained

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New Delhi [India], May 20: Inflation is one of the most underestimated threats to long‑term wealth. It rarely announces itself dramatically, yet it quietly erodes purchasing power year after year. Many savers realise too late that money which appeared “safe” in absolute terms no longer buys what it once did. Protecting wealth, therefore, is not only about avoiding losses, but it is also about ensuring savings grow faster than inflation over sustained periods. This is precisely where structured savings plans begin to matter. Rather than depending solely on ad‑hoc deposits or short‑term instruments, long‑term savings frameworks, such as those offered…

20 May

Zero NPA. Zero Shortcuts. Zero Compromise. The Best of 96 Years

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Pune (Maharashtra) [India], May 20: MBank, The Muslim Cooperative Bank Ltd., Pune, one of Maharashtra’s most trusted urban cooperative bank, has closed Financial Year 2025-26 with the strongest performance in its 96-year history. This year marks a significant milestone in the bank’s journey of service, trust and growth. FY 2025–26: Key Achievements 0% NPA achieved Crossed INR 700 Crore Deposits for the First Time in 96 Years! Highest Profit in 96 Years Very Strong balance sheet maintained The bank has crossed the ₹1,100 crore total business mark for the first time in its history. This success is the result of consistent…

19 May

Bajaj General Insurance Launches MHCP EDGE Plus, a Flexible, Next-Generation Health Indemnity Plan with Coverage upto INR 5 Crores

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Pune (Maharashtra) [India], May 19: Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance Company Limited), one of India’s leading private general insurers, today announced the launch of ‘My Health Care Plan Edge+’ (MHCP EDGE+), a comprehensive health indemnity solution designed to address rising healthcare costs and reduce out-of-pocket expenses through enhanced flexibility and customisation. Sum insured options from INR 5 Lakhs up to INR 5 Crores Unlimited reinstatement ensuring continued coverage within the policy year Modular design with multiple add-ons and riders for customised protection Coverage for consumables, modern treatments, and global care options Age Shield feature…

19 May

The Emerging Role of EV Risk Education in Two-Wheeler Insurance

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Mumbai (Maharashtra) [India], May 19: Electric two-wheelers are appearing in more neighbourhoods and on more routes, from short office commutes to daily errands. Many riders like the quieter operation, the running cost over time, and the convenience of charging at home or at public points. As this trend grows, insurers are looking beyond the usual policy features and paying closer attention to how clearly riders understand the risks that come with electric vehicles. In that sense, EV risk education is gradually becoming part of the core conversation in two-wheeler insurance, not just a side note. The Change in Preference With…

12 May

From Criticism to Collaboration: Building India’s USD 10 Trillion Economy Through Distributed Excellence

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Anuj Agrawal, Founder & CEO Of Zyon Group Bengaluru (Karnataka) [India], May 12: Bengaluru has been under siege—not from competition, but from criticism. Headlines decry its traffic, infrastructure gaps, and strained public systems. But here’s what the critics miss: Bengaluru’s problems are symptoms of unprecedented success. When a city hosts 875 GCC Units, employs 1.65 million technology professionals, and nurtures 53 unicorns—more than any other Indian city—growing pains are inevitable. India’s ambition to become a $10 trillion economy by 2030-35 doesn’t hinge on solving Bengaluru’s traffic. It hinges on building ten more Bengalurus. The Numbers Tell a Remarkable Story India’s technology ecosystem…

30 Apr

Why Gen Z Is Choosing EMIs Over Savings: The Psychology Behind Personal Loans

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The Shift from Saving to Spending New Delhi [India], April 30: Financial wisdom in India had been based on one principle: save now, spend later, and this was true for decades. Nevertheless, this conventional way of thinking is experiencing a major change. The younger generation today is more and more focused on access and experience rather than the accumulation of wealth in the long term. Many would rather buy it now and pay it off in the long run in Equated Monthly Installments (EMIs) instead of waiting years to afford something. The change is not only a matter of convenience, but it…

30 Apr

FundedFirm: Building Global Trust While Delivering Over 20 Million in Trader Payouts

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New Delhi [India], April 29: In a trading world often clouded by skepticism, few names have managed to build genuine trust while scaling globally. FundedFirm is one of those rare cases. What began as a modest proprietary trading platform has steadily evolved into a widely recognized prop firm, known not just for its structure but for its consistent payouts and trader-first approach. At the center of its growth story lies a simple but powerful figure. FundedFirm has paid out over 20 million dollars to traders across the globe. That number is not a marketing slogan. It reflects thousands of individual…

28 Apr

How To Calculate Used Car Loan Emi Using Interest Rates And Tenure Inputs

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New Delhi [India], April 28: Buying a used car with a loan is straightforward enough. Calculating your monthly payment before you sign the dotted line? That part trips people up more than it should. The math isn’t complicated once you understand what goes into it, but most borrowers walk into a dealership or bank without running the numbers first. That’s a mistake you can avoid in about five minutes. The Three Inputs That Determine Your EMI EMI stands for Equated Monthly Instalment. It’s the fixed amount you pay every month until the loan is fully repaid. Three variables control how…

27 Apr

GST Registration & GST Filing: One Platform. One Expert Team. Zero GST Stress. Trusted by 60,000+ Businesses Across India

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One Platform. One Expert Team. Zero GST Stress. Trusted by 60,000+ Businesses Across India New Delhi [India], April 27: When GST was introduced, businesses expected simplicity. The reality has been different. Getting a GSTIN is just the beginning — what follows is a continuous cycle of monthly returns, GSTR-1, GSTR-3B, Input Tax Credit reconciliation, late-filing penalties, and departmental notices. That is exactly why over 60,000 clients — from solo traders in Haridwar to fast-growing startups in Hyderabad — have trusted LegalDev.in to manage their complete GST lifecycle. One team, one platform, every GST need covered. GST Registration — The Right Start…