Prioritise debts based on high interest rates, outstanding balances, or creditor terms so you free up more cash in the later months where the cash crunch is higher
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The advice goes beyond a 2023 nudge to banks to facilitate such payments after Prime Minister Narendra Modi's visit to the UAE
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"No material impact envisaged on the deposit-accepting HFCs, given their adequate on-balance sheet liquidity and their deposits being within the prescribed ceiling," Icra says
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Deposit growth, though showing improvement, has continued to lag credit growth in the past year
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The revised norms contain three key amendments pertaining to HFCs accepting public deposits.
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This follows the banks’ failure to redeem fixed deposits made years ago by the Karnataka Industrial Areas Development Board (KIADB) and the State Pollution Control Board
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You can invest in mutual funds by setting away a certain amount of money regularly, typically once a month, with a Systematic Investment Plan (SIP)
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Max Life Insurance, a key subsidiary, saw significant growth in its financial metrics during the quarter
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