Tag Archives: Finance

Car Finance Report: Used Car Values

Last month the Bank of England’s Prudential Regulation Authority told banks and carmaker finance arms to stress-test their businesses and ask what would happen if the value of used cars on PCPs fell by 30%. It wants to know that they are lending conservatively amid fears that some of the Guaranteed Minimum Future Values that underpin PCPs are too optimistic. ... Read More »

‘Toxic’ car finance could work out as the best way to pay for a new car

More and more drivers want to be driving the newest cars available CREDIT: PUNIT PARANJPE/AFP As Britain’s appetite for driving the newest and flashiest cars shows no signs of abating, the Bank of England has issued apocalyptic warnings about the state of the motor finance industry. Banks are “failing to learn the lessons of the past”, said governor Mark Carney last month ... Read More »

Can’t Give Info If Finance Minister Was Consulted Before Demonetisation

New Delhi: Whether views of the Chief Economic Advisor and the Finance Minister were taken before the sudden announcement of demonetisation of high-value currency notes by Prime Minister Narendra Modi on November 8? The Reserve Bank of India feels this query cannot be answered under the Right to Information Act as it does not comes under the definition of information ... Read More »

Bajaj Finance To Consider Stock Split

New Delhi: Bajaj Finance will consider stock split at a board of directors’ meeting later this month. The meeting, to be held on July 26, will also consider issue of bonus shares. “At the said meeting, the board may consider sub-division of equity shares of the company of face value of Rs 10 each, and issue of fully-paid bonus equity shares ... Read More »

Opinion: The EPF Tax And Other Personal Finance Issues

As far as the personal finance community is concerned, the entire discourse on Budget 2016 has been hijacked by the storm surrounding the proposed taxation of withdrawals from Employees Provident Fund and providing an exemption to 40 per cent of the NPS corpus withdrawn. The issue can be explained like this: in the case of the Employees Provident Fund, both ... Read More »