India’s middle class is falling into a dangerous pattern of debt-fuelled consumption. The dream of upward mobility is increasingly being financed through easy credit, and the fallout has already begun. The Reserve Bank of India, data says that 5-10% of middle-class households are now stuck in a debt trap. Analysts believe this is largely driven by social media driven fake comparisons. #debt #emi #autoloans #homeloan #loans #loan #india #creditcard #personalloan #abhinavtrivedi #debtfreejourney #debtmanagement #debtfree #nirmalasitharaman #financenews #finance #socialmedia
3 Dec 2025In September, India's banking industry saw a vehicle loan growth of 7.3%, nearly half of the 14% expansion seen in the same month a year ago, according to RBI data. However, bankers suggest strong growth momentum in vehicle loans October onwards, following a major GST overhaul.
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2 min read4 Apr 2024A loan for longer may mean EMIs, which makes the car seem more affordable, but overall, you pay more as interest
1 min read20 Nov 2023The non-banking financial company’s new loans booked rose 20% year-on-year (y-o-y) during the quarter. With this, Bajaj Finance has clocked its highest ever new loans for a full year in FY23.
1 min read6 Apr 2023It must be noted that America's credit card debt is at an all-time high. A record number of US residents are paying more than $1,000 a month on loans
3 min read11 Mar 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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