LoanTap, a digital lending startup that offers customised loans to salaried professionals, is going through a tough phase with its assets under management (AUM) shrinking ..
“Since the OMO was not anticipated, in the near term, the bond markets can continue to remain a bit nervous. In the near short term, 10-year G-Sec will probably be at 7.25-7.45% levels and on a medium term, once we start seeing these flows coming back, next year, probably 24, once the Fed starts to pause and not hike incrementally, rates will start going lower.”
"The demand for personal loans and short-term loans will peak during the festival season, especially around Diwali. Credit demand is currently at an all-time high, with credit card outstanding amounts increasing from Rs 90,000 pre-Covid to Rs 2 lakh. The average ticket size for personal loans ranges from Rs 14,000 for buy now pay later (BNPL) purchases to Rs 1.3 lakh for planned expenses like holidays. "
Ranveer Singh and Alia Bhatt recently turned showstoppers for Manish Malhotra’s Bridal Couture show in Mumbai. Both of them looked stunning in ethnic avatars.