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Paytm Money is planning to introduce loans Tag

Daily Market Analysis

Daily Market Analysis – 27th Nov 2020

byMihir ShahNovember 27, 2020

Paytm Money is planning to introduce loans against mutual funds and invested stocks. The main reason why they are mulling over the idea is to provide short term liquidity to its customers. The interest rate is expected to be competitive at 10.5% with a nominal processing fee. The Moratorium on LVB has now completed i.e customers of the bank can now withdraw more than 25,000. The...