The FinTech Hub
Source: Live Mint Customers, stay alert! Your automated teller machine (ATM) transaction charges are set to go up from May 1 onwards, with banks increasing charges by ₹2 for all transactions over the monthly limit. This comes after the Reserve Bank of India (RBI) said it would allow banks to increase ATM withdrawal charges for…
Source: Live Mint Ever since the Reserve Bank of India’s (RBI) monetary policy committee on April 9 cut its repo rate by 25 basis points, a number of banks – mostly in the public sector – have slashed their repo linked lending rates (RLRR) on home loans. These banks which have reduced their RLRR are…
Source: Live Mint April 8 – Australian shares rose on Tuesday, buoyed by gains in banks and miners, while investors saw relief in Treasurer Jim Chalmers’ remarks that resource-rich Australia will be able to manage the direct impact of U.S. President Donald Trump’s sweeping tariffs. The S&P/ASX 200 index gained 1.1% to 7,423.40 points by…
Source: Live Mint Foreign Portfolio Investors (FPIs) continued their selling streak in the Indian equity markets for the third consecutive month in March 2025. Following net outflows of ₹78,027 crore in January and ₹34,574 crore in February, FPIs offloaded Indian equities worth ₹30,015 crore in the first half of March, according to data from the…
Source: Live Mint March 20 (Reuters) – Australian shares recovered on Thursday, led by banks after U.S. Federal Reserve Chair Jerome Powell’s comments calmed investors rattled by President Donald Trump’s tariff threats, and gold stocks jumped as bullion hit a record high. The S&P/ASX 200 index rose 0.7% to 7,881.6, as of 2328 GMT. The…
Source: Live Mint Personal loans: If you are looking to raise a loan – the first logical thing for you to do is to choose the right financial institution. Those who are not aware there are different categories of institutions such as banks, NBFCs (non banking financial institutions), and fintech platforms. What kind of deal you manage…
Source: Live Mint If you are a personal loan applicant, you are supposed to be aware of the latest guidelines which are in force. Early this year, Reserve Bank of India (RBI) released a circular with regards to equated periodic instalment based personal loans. RBI’s guidelines on ‘reset of floating interest rate on EMI based personal…
Source: Live Mint The Reserve Bank of India (RBI) has released a draft circular intended to direct banks not to levy foreclosure charges/ pre-payment on the floating rate term loans for purposes other than business to individual borrowers. This means when a loan borrower decides to foreclose a floating rate loan or prepay it, the…
Source: Live Mint Credit cards have become an attractive financial tool for people to buy things and pay for them later. It also provides additional rewards and offers on certain transactions. If you are planning to get a credit card, an application is the first step in the process. Keeping track of credit card applications…
Source: Live Mint Indian banks and prominent financial institutions are facing margin pressure according to S&P Global Market Intelligence, as detailed in a report by ANI. The report further elaborated that loan growth in six of India’s biggest banks on an aggregate basis is expected to decline to 12.3% in the fiscal year closing March…
