Loan Default is not good for both the borrower and the bank. The loan default increases Bank NPA's and negatively impact the CIBIL Score of a borrower. The default can be intentional or unintentional. If Loan Default is intentional, then nothing much can be done in this regard. Unfortunately, banks treat both sets of defaulters with the same stick. As i mentioned in my some of the previous posts that concept of credit counseling is not common in India. Your loan manager is all in one who may or may not be in a position to guide you. In the case of Loan Default, a borrower is left in a lurch, ... Read More
Should i invest in Banking Stocks?
It will not be an extrapolation to say that Banking Stocks are the lifeline of the Stock Market. There are 9 Banking Stocks in NIFTY 50. These contribute 18.56% weightage to NIFTY 50. The maximum investment of mutual funds is in Banking Stocks followed by Auto and IT. Moreover according to experts, the revival of Indian Economy is not possible without the participation of banking sector. These days each and every stock market expert is BULLISH on banking stocks especially Private Sector Banks. General consensus is that 3 banking stocks i.e. HDFC Bank, Axis Bank, and IndusInd Bank are better ... Read More