The FinTech Hub
Source: Live Mint The latest data presented by the Reserve Bank of India (RBI) show easing of personal loan expansion in India’s financial sector. Personal loan expansion year-to-year was 14.2% in the fortnight as of January 24, 2025 as detailed in a press release by RBI on Feb 28, 2025. This, in the case of…
Source: Live Mint Early this month, Reserve Bank of India (RBI) cut its repo rate to 6.25 percent. Following this, several banks have followed suit. A couple of banks have cut their interest rates on term deposits, albeit marginally. It is even recommended that the depositors who want to lock their savings in fixed deposits…
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 The Reserve Bank of India (RBI) cut its repo rate from 6.50% to 6.25%, a 25 basis point decrease. This presents a problem for investors in Fixed Deposits (FDs) because a decrease in the repo rate usually indicates a future decrease in bank interest rates. This is the last chance for FD…
Source: Live Mint As Reserve Bank of India (RBI) slashed repo rate by 25 basis points after a five-year gap, banks are likely to follow suit. Therefore, it won’t be long before banks start slashing interest rates they offer on fixed deposit. Meanwhile, banks have yet not cut interest rates on their deposits so far….
Source: Live Mint RBI recently directed the credit information companies (CICs) that they need to update their record every 15 days instead of one month. This will help the borrowers keep their data updated. The Reserve Bank of India made it compulsory for the banks to update credit bureau records every 15 days. This may change…
Source: Live Mint MUMBAI : In a significant move to strengthen the digital payment security framework, the Reserve Bank of India (RBI) has proposed to enable additional factor authentication (AFA) for international card-not-present (CNP) transactions. The move aims to provide Indian consumers with an additional layer of security when dealing with foreign merchants, ensuring a…
Source: Live Mint The Indian rupee witnessed a sharp surge on Tuesday, rallying the most in over two years against the US dollar, aided by the central bank’s heavy-handed intervention. According to a Reuters report, the jump in the domestic currency also triggered stop losses for speculators betting against the currency. The Reserve Bank of…
Source: Live Mint The Reserve Bank of India (RBI) on April 11 released a set of guidelines regarding Framework for acceptance of Green Deposits. Following those guidelines, State Bank of India (SBI) released a new deposit scheme — SBI Green Rupee Term Deposit — in a bid to mobilise deposits to support the bank in financing green initiatives….
Source: Live Mint Stock market today: The Indian benchmark indices, Nifty 50 and Sensex, experienced selling pressure for the fourth straight session on Monday, February 10, with the Sensex dropping more than 650 points and the Nifty 50 nearing 23,340 during intraday trading. As of 14:11 IST, the Nifty 50 had declined 0.93% to reach…
