The FinTech Hub
Source: Live Mint Stock Market News: The domestic benchmark indices, Nifty 50 and Sensex, finished in the negative on Friday after the Reserve Bank of India (RBI) declared a 25 basis points (bps) reduction in the repo rate, lowering it to 6.25 percent. This was the first rate cut in more than five years, indicating…
Source: Live Mint Over the past 4 to 5 months, the domestic equity market has remained bearish, following a sell-on-rally pattern. However, in the last two trading weeks, market movements in India have shown signs of improvement. Since this shift is still in its early stages, it is too soon to determine whether the trend…
Source: Live Mint Private lending major HDFC Bank has increased its Marginal Cost of Funds-based Lending Rate (MCLR) for the overnight tenure by 5 bps from 9.15 per cent to 9.20 per cent. This is effective from February 7, 2025, according to the bank’s website. Rates for all other tenures are unchanged. Overall, HDFC Bank’s…
Source: Live Mint India’s central bank, the Reserve Bank of India (RBI), concluded the monetary policy committee on Friday, February 8, and announced a 25-basis-point rate cut to 6.25 per cent for the first time in five years. RBI also lowered its growth forecast for the Indian economy to 6.7 per cent, citing the headwinds…
Source: Live Mint As the Reserve Bank of India’s (RBI) monetary policy committee (MPC) cut repo rate by 25 basis points on Friday, it is seen as the start of interest rate cut cycle. Typically, a cut in repo rate is followed by a similar decline in interest levied on loans as well as interest rates offered on…
Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on cautious note on Friday amid mixed global cues and ahead of the Reserve Bank of India’s (RBI) monetary policy decision. The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift…
Source: Live Mint The interest rate on a personal loan is a crucial factor that helps borrowers decide whether to take out a loan or not. Most borrowers keep track of factors that might influence personal interest rates to estimate their borrowing costs. One such factor that has a significant role in determining personal loan…
Source: Live Mint For decades, India’s salaried class viewed themselves as a minority—sandwiched between the elite and what they believe is the world’s largest population of the “politically pampered”. And in most Budgets, they found the discourse to be dominated by farmers, the poor, women and other groups. Which is why the record ₹1 trillion…
Source: Live Mint Unified Payments Interface, or UPI, is one of the most convenient ways to carry out a transaction. Merely by scanning a QR code or by entering a few keys into your smartphone, you can transfer the money online. Alternatively, you can use a credit card that needs to be swiped or touched at a PoS (point…
Source: Live Mint The Reserve Bank of India (RBI) is planning to raise the maximum fees that banks can charge customers for exceeding the “free five transactions” limit and the ATM interchange fees, reported the Hindu BusinessLine news portal, citing people aware of the development on Tuesday, February 4. This increase in charges will mean…
