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#CRISIL Ratings
its-all-business · 8 months
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The Art of Selecting the Correct Lender for Loans in India
Hey there, loan seekers! We know finding the right lender in India can be as tricky as finding the perfect Jalebi joint. But worry not, because I've got your back! Get ready to master the art of choosing the best lender for your financial dreams without breaking a sweat.
Customized Loan Plans - 'Coz One Size Doesn't Fit All
When searching for a lender, remember that loans should be like mom's handmade dosas - customized to your needs. Look for a lender with a variety of options, whether it's a personal loan for your dream vacation or a business loan for your startup. Having choices is like pizza toppings - essential and satisfying! For instance, HDFC Banks provide an array of loans to suit multiple needs.
Also Read: Top 5 Personal Loan Providers In India
Interest Rates - The Sizzle in Your Financial Burger
Picture this: you're at your favorite burger joint, and the chef hands you a juicy burger without the cheese or the sauce. Bummer, right? Well, that's what high-interest rates feel like! When selecting a lender, make sure to compare interest rates like a true burger connoisseur. A low-interest rate is like that dollop of cheesy goodness that makes your financial journey a lip-smacking delight!
Understanding the CRISIL Ratings
CRISIL ratings act as report cards for lenders, showing their financial expertise. Lenders are rated from AAA to D, with AAA signifying excellent performance and D... well, let's not talk about them. For instance, Abhay Bhutada, Poonawalla Fincorp's MD, mentions how their recent AAA rating from CRISIL has placed them among the Ivy League. Always check these ratings and look out for the high achievers!
Flexible Repayment Terms - The Dance of EMIs
Life is full of surprises, and so are our bank balances. So, look for lenders who offer flexible repayment terms. Just like dancing to your favorite tune, EMI schedules should be adjustable to match your financial moves. Whether you want to cha-cha your way to a quicker repayment or take a slow waltz, the power should be in your hands!
Transparent Fees and Charges - No Hidden Monsters!
Imagine finding a hidden treasure, but instead of gold coins, you uncover a heap of hidden charges. Not cool, right? Well, the same goes for lenders who hide fees and charges in the fine print. Seek lenders who wear their charges on their sleeves, like a badge of honor! Transparency is key, my friends, and it's a sign of a trustworthy lender.
Also Read: 7 Important Things to Know About Insurance in India
Conclusion
There you have it, fellow loan adventurers! The art of selecting the perfect lender for a loan isn't rocket science; it's about finding the right match for your financial journey. Remember the three Cs – CRISIL ratings, Competitive interest rates, and Clarity on fees. Dance your way through life with manageable EMIs and the flexibility to enjoy the journey.
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themoneyguru1 · 9 months
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Important Things To Know About CRISIL And How It Influences Borrowing Costs and Investor Confidence
When it comes to financial matters, understanding the factors that influence borrowing costs and investor confidence is crucial. One such influential entity is CRISIL, a leading credit rating agency in India. In this article, let's understand the important things you need to know about CRISIL and how it impacts the financial landscape.
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What Is CRISIL?
CRISIL, short for Credit Rating Information Services of India Limited, is a renowned credit rating agency that assesses the creditworthiness of various entities, including corporations, banks, financial institutions, and government bodies. It evaluates their ability to meet financial obligations and assigns ratings accordingly.
Also Read: Tips On How To Choose A Correct Loan For Your Requirements
Influence On Borrowing Costs
CRISIL ratings play a pivotal role in determining the borrowing costs for companies and organizations. When a borrower has a higher CRISIL rating, such as AAA, lenders perceive it as a lower-risk investment. As a result, they are more likely to offer loans at lower interest rates. For instance, Poonawalla Fincorp's recent AAA rating by CRISIL is indicative of its strong creditworthiness, resulting in reduced borrowing costs. According to the company’s MD, Abhay Bhutada, the upgraded rating will accelerate its growth trajectory.
Impact On Investor Confidence
Investors heavily rely on CRISIL ratings to gauge the risk associated with their investments. A higher CRISIL rating implies lower credit risk, thereby increasing investor confidence. When a company receives a favorable rating, it signals stability and reliability, attracting potential investors. As a result, entities with higher CRISIL ratings are more likely to secure funding and investments.
Comprehensive Analysis
CRISIL employs a meticulous and comprehensive analysis process to evaluate creditworthiness. Their assessment includes factors such as financial performance, repayment history, industry trends, and market conditions. By considering various aspects, CRISIL ensures a holistic view of the entity being rated, providing a reliable and unbiased assessment.
Also Read: Top 5 Personal Loan Apps In India
Importance Of Regular Rating Updates
CRISIL ratings are not static; they are subject to periodic revisions based on the entity's financial performance and market dynamics. Regular rating updates enable investors and borrowers to stay informed about changes in creditworthiness and adapt their strategies accordingly.
Summary
CRISIL's role in influencing borrowing costs and investor confidence is vital in today's financial landscape. Its rigorous evaluation process and credible ratings provide valuable insights to borrowers and investors alike. By understanding the significance of CRISIL ratings, individuals and organizations can make informed decisions regarding loans, investments, and financial planning.
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rudrjobdesk · 2 years
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ज्यादा ब्याज के लिए महिंद्रा फाइनेंस कंपनी में करा सकते हैं एफडी, मिलेगा 7 फीसदी तक रिटर्न!
ज्यादा ब्याज के लिए महिंद्रा फाइनेंस कंपनी में करा सकते हैं एफडी, मिलेगा 7 फीसदी तक रिटर्न!
नई दिल्ली. आप अच्छे रिटर्न वाली ​फिक्स्ड डिपॉजिट स्कीम की तलाश में हैं? अगर आपका जवाब हां है तो नॉन-बैंकिंग फाइनेंसियल कंपनी (NBFC) महिंद्रा फाइनेंस कंपनी में निवेश आपके लिए सही विकल्प हो सकता है. यह कंपनी क्रिसिल की एफएएए (FAAA) रेटिंग वाली फिक्स्ड डिपॉजिट स्कीम की पेशकश कर रही है. एफएएए रेटिंग से आपका पैसा सुरक्षित रहता है. महिंद्रा एंड महिंद्रा फाइनेंशियल सर्विसेज लिमिटेड (MMFSL) सीनियर सिटीजन…
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bharatlivenewsmedia · 2 years
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Housing demand momentum to continue despite rising prices and interest rates: CRISIL
Housing demand momentum to continue despite rising prices and interest rates: CRISIL
Housing demand momentum to continue despite rising prices and interest rates: CRISIL CRISIL believes that strong demand, lower inventory levels and strengthened capital structures auger well for the industry. However, any aggressive debt-funded growth in the industry will have to be monitored closely over the medium term. CRISIL believes that strong demand, lower inventory levels and…
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reportwire · 2 years
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Securitisation value rises 50% to ₹1.35-lakh cr in FY22: Crisil report
Securitisation value rises 50% to ₹1.35-lakh cr in FY22: Crisil report
The securitisation market witnessed an increased activity in the fourth quarter of the financial year 2021-22 with the value of such transactions rising to ₹1.35-lakh crore as against ₹90,000 crore in the previous fiscal, Crisil Ratings said in a report. Although the securitisation value increased in the previous fiscal, it remained below the pre-pandemic levels. In the fiscals 2019 and 2020, the…
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escon-elevators · 1 year
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Escon Elevators has received the ISO 9001-2015 #certification for #design, #manufacturing, and #quality assurance along with the #safety standard as per IS 14665. The #company has also received the NSIC #CRISIL performance rating- SE1B which points to superior #performance and stable #financial strength.
ESCON Elevators - Safety Is Our First Priority
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shrutim12 · 8 days
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Abhay Bhutada's Strategic Leap: A New Era At Cyrus Poonawalla Group
In the world of corporate ascendancy, few narratives sparkle with as much brilliance as that of Abhay Bhutada's journey. His recent elevation within the Cyrus Poonawalla Group stands as a testament to his exceptional leadership and strategic prowess. Let's delve into the remarkable trajectory of this visionary leader and explore the significance of his new role.
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The Rise Of Abhay Bhutada
Under the dynamic stewardship of Abhay Bhutada, Poonawalla Fincorp has witnessed a meteoric rise in the past three years. With a focus on growth, asset quality, and technological innovation, Bhutada has steered the company towards unprecedented success. From achieving a CRISIL AAA rating to expanding the product portfolio, Poonawalla Fincorp's journey under Abhay's leadership has been nothing short of remarkable.
Also Read: Abhay Bhutada Shares Insights on Poonawalla Fincorp’s Long-Term Objectives
A Profile In Leadership
Abhay Bhutada's professional journey is marked by a relentless pursuit of excellence. Armed with a Chartered Accountancy degree and a passion for leveraging technology in finance, he embarked on a path that would redefine the landscape of non-banking financial services in India. His tenure at various organizations, including TAB Capital Limited and Poonawalla Finance Private Limited, attests to his acumen and vision.
From Latur To The Boardroom
Hailing from Latur, Maharashtra, Abhay Bhutada's ascent to the upper echelons of corporate leadership is a testament to his grit and determination. A commerce graduate from Symbiosis International University, he quickly rose through the ranks, earning accolades and awards along the way. His entrepreneurial spirit led him to found TAB Capital Limited, where he pioneered digital lending solutions for MSMEs and consumers.
Also Read: From Abhay Bhutada to Nirmal Jain — India’s Top Chartered Accountants
Driving Innovation At Poonawalla Fincorp
As Managing Director of Poonawalla Fincorp Limited, Abhay Bhutada has championed a culture of innovation and customer-centricity. His emphasis on digitalization, risk management, and corporate governance has positioned the company as a frontrunner in the NBFC sector. Under his leadership, Poonawalla Fincorp achieved a CRISIL AAA rating and emerged as a symbol of reliability and trustworthiness in the financial landscape.
Embracing New Horizons
Abhay Bhutada's appointment to a strategic role at the Cyrus Poonawalla Group marks a new chapter in his illustrious career. Adar Poonawalla, chairman of Poonawalla Fincorp has entrusted with him overseeing strategy, investment, and finance. He is poised to make significant contributions to the group's growth trajectory. His elevation underscores the value of leadership and execution skills in navigating complex business landscapes.
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Beyond his professional achievements, Abhay Bhutada is a proponent of mindfulness and holistic well-being. He finds solace in activities like gardening, yoga, and regular exercise, emphasizing the importance of balance in both personal and professional life. Recognized as the "Young Entrepreneur of India 2017" and the "40 under 40 Most Influential Leader for 2020-21," Abhay continues to inspire with his dedication and resilience.
Also Read: Abhay Bhutada Elevated By Cyrus Poonawalla Group
Conclusion
In the annals of corporate leadership, Abhay Bhutada's story shines brightly as a beacon of inspiration. His journey from humble beginnings to the pinnacle of success serves as a testament to the power of vision, perseverance, and innovation. As he embarks on this new chapter with the Cyrus Poonawalla Group, one thing remains certain: Abhay Bhutada's ascent is a testament to the transformative potential of exemplary leadership.
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nickyysharmi · 10 days
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Poonawalla Fincorp's Evolution: A Remarkable Three-Year Journey Since May 2021
In the spring of 2021, Poonawalla Fincorp embarked on a transformative path, guided by the adept leadership of Abhay Bhutada, MD. Over the following three years, this journey not only reshaped the company's trajectory but also solidified its standing as a formidable player in India's financial sector. Recognizing Bhutada's pivotal role, Adar Poonawalla, the visionary behind the company, credited its success to Bhutada's strategic direction, stating, "Abhay Bhutada spearheaded and was instrumental in successfully transforming the entire company since its acquisition in May 2021."
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Built on a Foundation of Excellence: Upholding Asset Quality
Under Bhutada's guidance, Poonawalla Fincorp experienced unparalleled growth, driven by his exceptional leadership, execution skills, and business acumen. At the core of this growth lies the company's unwavering commitment to maintaining robust asset quality. Through meticulous risk management practices and prudent decision-making, Poonawalla Fincorp curated a strong portfolio of assets, ensuring resilience in the face of economic uncertainties. This steadfast dedication earned the company a prestigious CRISIL AAA rating, reaffirming its creditworthiness and financial strength.
Maximizing Returns
Furthermore, Bhutada's focus on innovation and efficiency translated into superior profitability for Poonawalla Fincorp. By fostering a culture of innovation across the organization, Bhutada optimized operational processes, driving profitability and maximizing shareholder value. This sustained profitability not only underscores the company's financial prowess but also its ability to deliver sustainable returns over the long term.
Also Read: Leadership In Action: Amit Shah And Narendra Modi's Impact On Security And Business Environment
Diversification and Innovation
In addition to financial performance, Poonawalla Fincorp expanded and diversified its product portfolio under Bhutada's leadership. Through strategic initiatives and product innovation, the company emerged as a comprehensive financial solutions provider, catering to the diverse needs of its clientele. This diversification strategy bolstered the company's competitiveness and positioned it to seize new growth opportunities in the market.
Innovative Strategies for Market Leadership
Poonawalla Fincorp embraced innovative strategies to solidify its position as a market leader in the financial services sector. Bhutada's forward-thinking approach and proactive measures enabled the company to effectively anticipate market trends and adapt to changing dynamics. Leveraging advanced technology and data analytics, Poonawalla Fincorp streamlined its operations, delivering seamless experiences to customers while enhancing internal efficiency and agility.
Fostering Stronger Relationships
At the heart of Poonawalla Fincorp's success lies its unwavering commitment to customer-centricity. Through tailored financial solutions and personalized advisory services, the company earned a reputation for trust and reliability. Bhutada's emphasis on fostering stronger relationships with clients resulted in enhanced customer loyalty and accolades for exemplary customer service and responsiveness.
Also Read: What Is RBI's 'Balanced' Monetary Policy?
Surpassing AUM Milestones
A significant milestone in Poonawalla Fincorp's journey was the remarkable growth in its Assets Under Management (AUM). Over the past three years, the company's AUM surpassed 21,000 Crores INR, reflecting the trust and confidence customers placed in its offerings and reaffirming its position as a leading player in the financial services sector.
Embracing Responsible Practices
In addition to driving financial performance, Poonawalla Fincorp committed to upholding environmental, social, and governance (ESG) principles. Bhutada's leadership underscored the importance of responsible and sustainable business practices, integrating ESG considerations into decision-making processes and corporate strategy. From promoting financial inclusion to supporting community development initiatives, Poonawalla Fincorp actively contributed to the socio-economic development of the communities it served.
Fueling Innovation and Growth
Another hallmark of Poonawalla Fincorp's journey was its emphasis on collaborative partnerships and strategic alliances. By leveraging the expertise and resources of its partners, the company accelerated its innovation agenda, bringing cutting-edge financial solutions to market and staying ahead of competitors in an increasingly crowded landscape.
Recognition and Strategic Role
The transformative journey of Poonawalla Fincorp under Abhay Bhutada's leadership garnered widespread acclaim within the industry. In recognition of his invaluable contributions, Bhutada was elevated to a Group-level role within the Cyrus Poonawalla Group, overseeing strategic initiatives and spearheading investments and finance while continuing to serve as a Non-Executive Director on the Board of Poonawalla Fincorp Limited.
Also Read: Charting a New Course: Abhay Bhutada's Vision for Cyrus Poonawalla Group
Conclusion
Poonawalla Fincorp's transformative journey under the visionary leadership of Abhay Bhutada has been nothing short of remarkable. As the company charts a visionary path forward, it remains committed to empowering individuals, businesses, and communities through innovative financial solutions and responsible practices. With Abhay Bhutada at the helm, Poonawalla Fincorp is poised to navigate the complexities of the evolving financial landscape, driving sustainable growth, and creating enduring value for all stakeholders.
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altifi1 · 25 days
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Here’s an opportunity to invest in CRISIL A rated Public Issuance and earn up to 11.19% p.a. XIRR. The Public Issuance of Navi Finserv Bonds is now live on the AltiFi app. Download now. Visit Us: https://altifi.ai/
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latribune · 1 month
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hisureshkumar · 1 month
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11.19% Navi Finserv NCD Feb-2024 - Details, Interest Rates and Review
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Navi Finserv is coming up with secured NCD bonds now. These bonds would open for subscription on February 26, 2024. Navi Finserv is a non-deposit taking, systemically important NBFC registered with RBI. The interest rates for Navi Finserv NCD are up to 11.19%. These NCDs are offered for 18 months, 27 months and 36 months tenure. Interest is paid either monthly or yearly. Should you invest in Navi Finserv NCD February, 2024? Is Investment in Navi Finserv NCD Safe or risky?
About Navi Finserv Limited
Company is a non-deposit taking, systemically important NBFC registered with RBI and wholly owned subsidiary of NTL. NTL is a technology driven financial products and services company in India focussing on digitally connected young middle-class population in India. Company offer lending products like personal loans, home loans under the Navi brand. It also offer microfinance loans under the brand name "chaitanya" through its subsidiary, CIFCPL
Navi Finserv NCD Feb-2024 issue details
Here are the details of Navi Finserv NCD Feb-2024 issue. Subscription opening Date 26-Feb-24 Subscription closure Date 07-Mar-24 Issuing Security Name Navi Finserv Limited Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Issue Size (Base) Rs 300 Crores Issue Size (Option to retain over subscription) Rs 300 Crores Total issue size Rs 600 Crores Issue price Rs 1,000 per bond Face value Rs 1,000 per bond Minimum Lot size 10 bonds and 1 bond there after Tenure 18, 27 and 36 months Interest Payment frequency Monthly and Annually Listing on Within 6 working days on BSE/NSE Lead Manager JM Financial Limited Debenture Trustee/s Catalyst Trusteeship Limited NRI’s cannot apply to this NCD subscription.
Navi Finserv NCD Interest Rates – Feb-2024 Issue
Series I II III IV X Frequency of Interest Payment Monthly Monthly Annual Monthly Annual Tenor (in months) 18 27 27 36 36 Coupon (% per Annum) 10.00% 10.40% 10.90% 10.65% 11.19% Effective Yield (% per Annum) 10.47% 10.91% 10.94% 11.19% 11.19% Amount on Maturity (In Rs.) 1,000 1,000 1,000 1,000 1,000
What are the credit ratings for these NCDs?
CRISIL Ratings assigned Navi Finserv NCD rating as CRISIL A/Stable. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
How is the company doing in terms of profits?
Here are the restated consolidated profits of the company. - FY2021 – Rs 118.1 Crores - FY2022 – Rs 14.66 Crores (Loss) - FY2023 – Rs 264.1 Crores
Why to invest in these NCDs?
- Navi Finserv NCD’s offer attractive interest rates where investors can get interest up to 11.19%. - It issues secured NCDs. Its secured NCDs are safe compared to unsecured NCDs. In case company gets wind-up/shut down for some reason, secured NCD investors would get preference in repayment of capital along with interest as those backed up by assets of the company. Hence it is safe to invest in such secured NCD options.
Why not to invest in these NCD Bonds?
Here are the risk factors investors should consider before investing in these bonds. - Company has incurred losses for FY22. Investors should always invest in profit making companies so that they can get timely payment of interest and repayment of capital. - Company lending business of and micro finance business operations rely intensively on substantial capital for its lending and microfinance business operations. Any disruption can affect company financial condition and liquidity - Company is affected by volatility in interest rates in both lending and treasury operations which could cause its net interest income to varry and affect its profitability. - Company has significant growth in recent period and may not be able to grow at similar pace in future or manage it effectively. - Customers default in repayment obligations can adversely affect company. - Covid pandemic has affeced its regular business operations and may continue in fuure too. - Refer Navi Finserv Feb-24 NCD prospectus for complete risk factors.
How safe is Navi Finserv NCD Bonds?
These NCD bonds are rated as A/Stable by Crisil Ratings. Such ratings are considered to have adequate safety regarding timely servicing of financial obligations with low credit risk. Hence these are safe bonds.
Should you invest in Navi Finserv NCD Feb-2024 issue?
- These NCD Bonds offer high interest rates and yield. Such interest rates are higher than FD rates offered by small finance bank too. It comes with A/Stable credit ratings which are considered to have adequate safety and carry low credit risk. These are secured NCDs too. - On the other side investment in these bonds comes with several risk factors. Company credit ratings can change in future without any advance intimation. Company has incurred losses for FY22, however shown significant improvement both in terms of revenue and margins. Investors who understand all these risk factors can invest in such NCDs. Read the full article
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charcha-equity · 2 months
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Unsecured Loans In India: Navigating RBI's Roadmap
Unsecured loans have witnessed a surge in popularity, becoming a key component of the financial landscape for individuals seeking quick financial solutions without the need for collateral. As a novice investor, it's imperative to delve into the Reserve Bank of India's (RBI) perspective on unsecured loans to make informed decisions about your financial journey.
Understanding The Unsecured Loan Landscape
Unsecured loans, such as personal loans and credit card debt, have gained traction owing to their accessibility and minimal paperwork requirements. These loans, devoid of collateral, offer a convenient option for individuals who may lack substantial assets to pledge against borrowing.
Also Read: From Abhay Bhutada to Nirmal Jain — India’s Top Chartered Accountants
The Watchful Eye Of The RBI
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In recent times, the RBI has redirected its focus towards the escalating trend of unsecured lending within the financial system. Offering valuable insights, Keki Mistry, a financial advisor at Poonawalla Fincorp, sheds light on the RBI's viewpoint. Mistry views the central bank's directives not as a sign of immediate concern but as a proactive and precautionary measure to address the substantial growth in unsecured lending across the financial sector.
Mandatory Security Measures
The recent RBI order mandates lenders to implement additional security measures to protect consumers from potential fraud and identity theft. These measures aim to fortify the lending environment, ensuring that borrowers' interests are safeguarded amidst the ever-evolving financial landscape. The RBI's commitment to enhancing security aligns with its broader goal of maintaining the integrity of the financial system.
Navigating Changes Effectively
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Abhay Bhutada, Poonawalla Fincorp’s MD, provides valuable insights into the impact of these regulatory changes. Notably, the company has experienced a significant shift towards secured loans, witnessing an increase from 46% to 52% in the last quarter. Bhutada emphasizes that this shift has not only secured a major market share in products like pre-owned cars and loans against property but has also positioned them as a CRISIL AAA rated NBFC.
Highlighting the company's current leverage of 1.5%, the lowest in the industry, and a cost of borrowing ranking among the industry's lowest, Bhutada assures that Poonawalla Fincorp is well-prepared to weather the changes in the lending landscape. With a robust capital adequacy of 38%, the company anticipates that even with a growth projection of 35 to 40%, no additional capital will be required for the next three to four years.
Also Read: Abhay Bhutada Shares Insights on Poonawalla Fincorp’s Long-Term Objectives
Navigating The Intricacies Of Finance
For a beginner investor entering the dynamic realm of finance, understanding the RBI's stance on unsecured loans becomes paramount. The central bank's proactive approach in tightening regulations around these loans can be seen as a necessary step to maintain the stability and integrity of the financial system.
Looking Ahead With Informed Optimism
As a beginner, it's essential to keep an eye on how these changes unfold. The RBI's commitment to enhancing security measures should be viewed optimistically, as it signifies a positive step towards building a safer lending environment for all. The financial landscape may evolve, but with insights from seasoned financial advisors like Keki Mistry and MD of Poonawalla Fincorp, Abhay Bhutada, investors can stay informed and make sound financial decisions with confidence.
Also Read: How Are NBFCs Tackling RBI’s Stance On Unsecured Loans?
Conclusion
In conclusion, the RBI's stance on unsecured loans underscores its commitment to ensuring the financial well-being of consumers. As a beginner investor, staying informed about these developments is crucial for making prudent investment choices. The insights from industry experts, including those from Poonawalla Fincorp, provide a valuable perspective on how these changes are being navigated within the financial sector. As the financial landscape continues to evolve, being aware and adaptive will be key for any investor, whether seasoned or just starting out. Staying informed empowers investors to navigate the intricacies of the financial landscape with confidence and foresight.
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bbaeducation · 3 months
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Mobile generator rental in Pune and PCMC | Van generators for event | Power Rental — Book Now…..
Mobile generator rental in Pune and PCMC | Van generators for event | Power Rental —  Book Now…..
Benefits of Mobile Generator Van on Hire
Don’t know who conceived the idea but it’s utterly brilliant keeping in mind the bulky size of the diesel generators and the ease the mobile generator van on hire provides for various purposes. The seamless power supply to any business plant is it a production industry or a service unit is the backbone for its production cycles and credibility. Thinking about renting or buying the diesel generator just weighing the options would be an ingenious step that could help you optimize your power segment funds.
The power equipment is the lifelines of any industry nowadays generator van on rent yields you the flexibility: Buying Power equipments block the considerable amount of your capital investment. You can take a mobile generator van on hire saving you the buying capital and increases the liquidity to invest the same in the assets that will appreciate over the time. With fast pace changing technology you need to keep all your mobile generator van updated with technology. Renting the equipment gives you a quick upgrade to a reliable, safe and cost saving option.
There might be a switch in your power needs suppose you switch from set up to production. It would cost you too much time to dispose of the old equipment and pick a new one appropriate in a tight production time frame.
Van generators for event  on rent gives you easy and quick transportation handling. The generator van on rent is a quick installation to a sudden need of power requirement. Perennial Technologies Diesel Generator Rental Company in India. A mobile generator van is a very viable solution for the reliable power requirement. The generator van on rent provides: Sound Proof power backup. 24 * 7 Emergency support. Ease of set up. Best quality and energy efficient power backup. How to choose the company that provides you mobile generator van on hire? ISO Certified Company that meets the service level agreements of customer expectations and satisfaction. NSIC-CRISIL Performance and Credit Rating Certificatesgives you the performance capability of the rental company. The previous clientele and the duration of association give you a fair idea of the stature of services the rental company will provide you. The workforce availability and technical capability of 24 * 7 to meet urgent downtimes. Ensure the generator van on rent is comparable to the best equipment as per current market trends so that you are powered in a cost effective way. Why choose a Mobile generator van on hire? Perennial ensures you the best generator van on rent with its pan India presence. The specially trained technical workforce keeps the generator van on rent in the best shape to capitalize your efficient fuel thus providing you 100% uptimes and ceaseless productivity cycles. Last 25 years have chiseled our services to meet every possible market requirement with the best services, equipment and maintenance cycles.
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financeandinvestment · 3 months
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What is a Company Fixed Deposit – Is it Safe to Invest?
Are you seeking information on the safety of investing in a company fixed deposit? With the advancement of prominent Non-Banking Financial Companies (NBFCs) like Shriram, a corporate fixed deposit is deemed secure and lucrative.
This article aims to provide clarity on the safety of investing in a company fixed deposit and why it is considered a reliable investment option.
In India, a company fixed deposit stands out as one of the most advantageous FD schemes available for investment. It allows investors to diversify their funds and construct a secure and profitable investment portfolio. Despite the existence of various market-dependent investment options, a company fixed deposit yields returns comparable to a select few, such as stocks, Mutual Funds (MFs), and Systematic Investment Plans (SIPs).
Definition of a Company/Corporate Fixed Deposit: A company fixed deposit is a variety of fixed deposit provided by NBFCs, manufacturing firms, and housing finance ventures. It represents a dependable investment option facilitating seamless wealth growth. Also known as a corporate fixed deposit, it is regulated by Section 58 A of the Companies Act, 2013.
Corporate/company FDs offer interest rates up to 3% higher than most banks. Shriram, for instance, provides an attractive interest rate of up to 9.20%* p.a., including an additional interest rate of 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors.
Considering prevailing market conditions and uncertain returns, a corporate fixed deposit enables individuals to safeguard their future and establish financial goals with fixed and assured returns. Shriram's fixed deposit is secure, boasting an "IND AA+/Stable" rating by India Ratings & Research and "[ICRA]AA+ (Stable)" by ICRA, indicating high credit quality and safety.
Is Investing in a Company/Corporate Fixed Deposit Safe? Recognizing that money does not grow on trees, individuals can contribute to its growth through a sound savings plan. A corporate fixed deposit serves as an investment strategy that aids in multiplying wealth and doubling hard-earned savings.
The reliance solely on banks for safety and reliability is a thing of the past. A corporate fixed deposit mirrors a bank fixed deposit but offers higher returns with lower risk. Furthermore, NBFCs providing company fixed deposit schemes are assessed for safety by Credit Rating Information Services of India Limited (CRISIL), Investment Information and Credit Rating Agency of India Limited (ICRA), and India Ratings & Research. Consequently, a corporate FD is associated with a high degree of safety.
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its-all-business · 3 months
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Financial Literacy And Its Importance
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In today's intricate financial landscape, possessing strong financial literacy is paramount. It empowers individuals to command their financial destinies, establish a foundation for long-term security, and achieve holistic financial wellness. Nonetheless, a significant portion of the population lacks the necessary insights and skills to navigate their financial resources effectively. This exposition will delve into the significance of financial literacy and elucidate the universal imperative for its acquisition.
Understanding Financial Literacy
Financial literacy encompasses the proficiency to grasp and utilize a spectrum of financial competencies, encompassing budgeting, saving, investing, and debt management. It involves possessing the knowledge, confidence, and adeptness to execute financially prudent choices aligned with one's aspirations and values.
Also Read: How Does CRISIL Evaluate Lenders in India for Credit Ratings?
Importance of Financial Literacy
Personal Financial Management
Individuals possessing financial literacy demonstrate enhanced aptitude in managing their own financial resources. This aptitude facilitates the formulation of rational budgets, vigilant monitoring of expenditures, and allocation of funds for both immediate and future aspirations. Financially literate individuals excel in prioritizing expenses, making judicious decisions concerning their expenditures, and evading entanglements in debt cycles.
Building Wealth and Security
Financial literacy assumes a pivotal role in the process of wealth accumulation and the attainment of financial stability. It establishes the groundwork for comprehending investment alternatives, effective risk mitigation, and strategic long-term financial mapping. Through familiarization with investment instruments like stocks, bonds, and mutual funds, individuals gain the capacity to make judicious choices, fostering wealth expansion and safeguarding their economic prospects.
Making Informed Financial Decisions
Financial literacy serves as a catalyst for enabling individuals to render prudent financial judgments. It facilitates comprehension of intricate financial notions encompassing interest rates, credit scores, and mortgages. Armed with this understanding, individuals can appraise diverse financial offerings, opt for the most apt selections, and avert deceitful schemes or exploitative practices.
Also Read: How To Start A Small Business In India
Entrepreneurship and Business Success
Financial literacy holds exceptional significance for burgeoning entrepreneurs and proprietors of small enterprises. It furnishes them with the acumen to decipher financial statements, administer cash flow, and render judicious verdicts regarding investments and financing alternatives. Equipped with financial literacy, entrepreneurs can adeptly navigate the fiscal dimensions of their enterprises, thereby augmenting the prospects of triumph.
Economic and Social Well-being
Individuals endowed with financial literacy significantly enrich the collective economic and social welfare of their communities. They possess a heightened capacity to make enlightened choices concerning savings, investments, and retirement strategies, thereby fostering more robust economies. Moreover, financially literate individuals often experience diminished financial stress, contributing to enhanced mental well-being and an elevated overall quality of life.
Conclusion
Financial literacy serves as a potent instrument, equipping individuals to make judicious financial choices, attain their aspirations, and construct a stable tomorrow. By comprehending the intricacies of personal finance, adeptly managing debt, making prudent investments, and strategizing for the future, individuals assert mastery over their financial well-being.
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rajavelu332 · 3 months
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What Is Commercial Paper – The Beginner’s Guide
What is Commercial Paper?
Commercial papers are debt instruments issued by corporations to finance their short-term liquidity needs. These liquidity needs can be for funding working capital, enabling operations or financing inventory, or meeting payroll expenses. Of late, it is gaining in popularity as a fixed-income investment in India.
Why do companies issue commercial papers instead of borrowing from banks?
Companies issue commercial papers as a form of short-term financing because it is a source of diversified and flexible fundraising from individual investors.
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Who can issue commercial papers?
Banks, NBFCs, financial institutions, foreign corporations, and other such entities issue commercial papers. The issuer entities generally undergo the due diligence of credit rating agencies like CRISIL (Credit Rating Information Services of India Ltd.), ICRA (Investment Information and Credit Rating Agency of India Ltd.), and CARE (Credit Analysis and Research Ltd.) to evaluate their credibility and financial health.
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