Author: michealanderson

The personal loan segment is escalating exponentially from Rs. 75,088 crore to Rs. 147,236 crore in value from FY19 to FY22. However, the growth was much more significant in terms of volumes, rising from Rs.3.99 million accounts to Rs.15.8 million from FY19 to FY22. The robust demand for a personal loan is because of the instant availability of funds, helping individuals eliminate monetary stress with utmost convenience.Borrowers can obtain a personal loan from reputed financial institutions, including banks and NBFCs. As this credit option is not secured against any collateral, borrowers can enjoy instant access to funds. However, borrowers must…

The Indian stock market saw a steep decline after the Russia and Ukraine war in Feb, 2022. There was a sharp rise in the international crude oil price, and India imports a significant portion of its energy needs. Additionally, foreign institutional investors have been exiting the Indian stock market in noticeable numbers since October 2021. Stock market investors all over the world are investing in US government bonds, which may lead to a further crash in the Indian stock market. With the recession looming large on the Indian economy, a crucial question for every Indian investor is if he should…