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Operation Hafta Vasooli- Know What RBI crackdowns on lending apps

The campaign - Hafta Vasooli was boosted for unfair lending practices by digital lending platforms. Zee business carried out the sting operation, in order to gain more influence over illegal lending practices.



Five main components of financial literacy

Financial literacy is the capacity to understand and execute certain financial skills that can improve your money management. Growing a strong foundation of financial literacy can make it easier for people to achieve their financial motive and avoid major pitfalls that can harm their financial wellness.



How people should understand the term Finance

Finance is a wide concept that defines activities associated with banking, leverage or debt, credit, capital markets, money, and investments. In other words, finance represents money management and the process of acquiring needed funds



Financial Literacy

Financial literacy is one of the most significant subjects for many nations. It is taboo for developing nations like India, where the majority of the people are not aware of finance and its benefits.



Importance of Financial Literacy in India

Financial literacy in India is still taboo for many of them, especially in regional sectors. Financial literacy refers to the skills and knowledge about finance that are used to make an informative decision while maintaining income and resources



What is Financial Literacy?

Financial Literacy, is the rationalizing of financial components such as budgeting, investing, borrowing, taxation, and personal financial management.

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Disclaimer

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. City Credit Management LLP is not liable for any decision arising out of the use of this information.

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