Finance News

If a borrower fails to repay a loan against a fixed deposit, the lender may send reminders before liquidating the pledged deposit to recover the outstanding amount, including interest and other charges. Any balance is returned to the depositor. If the FD proceeds fall short of the total dues, the borrower remains liable for the difference under the loan agreement.

Credit cardholders can request refunds for cancelled orders, damaged products, undelivered services or billing errors by contacting the merchant directly. A chargeback involves disputing a transaction through the card issuer when a merchant refuses a valid refund, fails to respond or does not deliver as promised. Unauthorised transactions should be reported promptly to the bank.

Oyo parent Prism is considering launching its initial public offering (IPO) in November and is holding discussions with investors to assess demand, Moneycontrol reported. The company is still building its order book, with the launch timeline depending on investor appetite. The final decision will also hinge on market conditions, which could influence the timing of the share sale.

The price of gold fell in India, making the precious metal cheaper ahead of Dussehra, which will be celebrated on Tuesday. Gold prices fell by ₹482 to hit ₹1,45,944 per 10 grams on Monday, a day after they broke a four-day losing streak. Silver also got cheaper on Monday, falling by ₹2,168 to hit ₹2,08,750 per kilogram.

Two exchange-traded funds (ETFs) tracking the same index may not deliver identical returns, according to CNBC-TV18. This can be due to differences in tracking error, expense ratios, bid-ask spreads, iNAV, fund size and liquidity, it added. Notably, an index serves as a benchmark, while an ETF holds securities to replicate its performance.

Two traders have built unusually large F&O bets on Reliance Industries shares in a development that analysts have called "rarest of the rare", Mint reported. In the build-up to Reliance subsidiary Jio's historic IPO, the two traders purchased bets of unknown nature that exceeded 3% each of Reliance's marketwide position limit. Analysts believe the traders are betting on a rebound.

India’s stock exchanges, NSE and BSE, will hold a special Muhurat trading session on Sunday, November 8, to mark Diwali. The pre-opening session will run from 2:05 pm to 2:20 pm, followed by trading from 2:20 pm to 3:30 pm. Muhurat trading is considered auspicious, with investors believing it brings prosperity and financial growth to stakeholders.

Neelkanth Mishra, World Bank Group's Executive Director for India, said rising US bond yields are making India less attractive to foreign investors. Complex rules and paperwork involved in investing in India are adding to investment hurdles, he added. Mishra said tax cuts alone may not revive foreign inflows, stressing the need to simplify investment procedures to attract overseas capital.

A credit report must accurately reflect personal details, including name, mobile number and address, all loans and credit cards, repayment history, hard inquiries made by lenders with consent, and outstanding balances and credit limits. Regularly reviewing these details helps identify discrepancies that could affect loan approvals. Borrowers must report errors to credit bureau for correction.

After falling victim to a digital scam, five immediate steps can help limit financial losses and protect accounts. Contact the bank immediately, report the fraud through appropriate channels, secure all accounts, maintain records of every complaint and avoid follow-up scams. Prompt action can help prevent further losses, support investigations and improve the chances of recovering lost funds.

The Centre warned against 'Prime Minister', 'Chief Minister', and 'public figure' scams operating on Facebook, Instagram and WhatsApp. It said scammers impersonate public figures to cheat by promoting fake welfare schemes, promising financial assistance and offering cashback rewards. The Centre urged people to verify welfare schemes and payment requests and warned against calls from '+92' numbers.

People with a family history of heart disease should consider securing health insurance early, as cardiac procedures in India can cost ₹20-25 lakh. A policy offering ₹25-50 lakh in coverage can provide a financial cushion during medical emergencies. However, policyholders should also check for sub-limits on cardiac procedures, which can restrict payouts despite high overall coverage.

An anonymous hacker group named 'Siriusim' claimed on the dark web that it has breached State Bank of India's (SBI) database and has access to details of 3.75 lakh account holders. Siriusim claimed it has over 3.75 lakh rows in CSV format and 2,722 PDF files. It published sample customer details as proof, but SBI hasn't confirmed the breach yet.

Before buying a home a person should consider hidden costs apart from the EMI, which include stamp duty, registration, interior design and moving charges. Homeowners should also be prepared for repairs, property tax and society charges. Paying rent for the same house may be less than the EMI amount, however, one should consider that rent prices may rise with time.

A new car may come with an insurance policy but a person should prepare for insurance renewal premium costs and monthly fuel consumption costs along with the car loan EMI. Money should also be set aside for regular maintenance and servicing to avoid expensive wear and tear. One should also be prepared for cleaning fees, accessories and unexpected repair expenses.

Mutual funds have reduced their exposure to IT stocks amid concerns over artificial intelligence (AI) disruption and slowing sector growth since the Nifty IT index peaked in December 2024. All 10 schemes with the highest IT allocations then cut their exposure by September 2026. Groww Multicap Fund recorded the steepest decline, with its IT allocation falling from 54.73% to 4.75%.

A registered gift deed transfers property ownership to children immediately and is difficult to revoke, so parents should check stamp duty, taxes and their financial security before signing. Although courts have allowed some senior citizens to cancel gifts if neglected, parents should consult a lawyer and include their right to live in the property.

A rise in home loan rates forces borrowers to choose between higher EMIs and longer repayment tenures. Godrej Housing Finance's Mehernosh Tata said borrowers with stable incomes and sufficient budget flexibility could increase EMIs to limit additional interest costs. Others could extend the tenure to keep monthly payments manageable, but this would increase the loan's total cost, he added.

Investors can buy gold and silver through physical coins and bars, ETFs or mutual funds, with each option differing in liquidity, costs, storage needs and risks. ETFs offer exposure to metal prices without physical storage, while mutual funds provide a demat-free route but involve additional expenses. Digital gold lacks securities-market regulation and carries counterparty and operational risks.

The IPO of Tonbo Imaging India closed with an oversubscription of 135.9x on the final day of bidding on Monday, according to NSE data. The ₹852.18-crore IPO received bids for 1,15,86,91,464 shares against 85,26,033 shares on offer. The qualified institutional buyers led the demand with a 293.56 times subscription, while the non-institutional investor portion was subscribed 170.94 times.