Debt refers to borrowing money from a person or a financial institution, with the promise of repaying it. A much more common name for debt would be “loan,” and the period of repayment could be from 1 day to over 20 years, depending on the terms and conditions you have agreed to. When I was…
Systematic Investment Plans (SIPs) are automated bank withdrawals that get invested in a mutual fund. Another example of an automated monthly withdrawal is an EMI on your loan. Both EMIs and SIPs look similar, but one drains away your money, and the other teaches you to sacrifice. Let us explore more on that today! A…
Commercial Banks like HDFC Bank, ICICI Bank, and SBI may require funds. The easiest way to raise them would be to borrow from the Reserve Bank of India (RBI). The rate of interest at which RBI loans money to commercial banks is called Repo Rate. The current Repo rate is 6.5%. Similarly, the rate of…
Bank nifty opened 41533 gap up today, made an intraday high in the 3rd candle and then fell to the support line at 41312. Most importantly this support line proved to be quite a fight with swings up and down — and final close at 41208. The opening swing would have taken out most of them by…
