The FinTech Hub
Source: Live Mint Between April and September 2024, 18,461 frauds were reported, involving a staggering ₹21,367 crore—an eightfold jump compared to ₹2,623 crore last year. The number of cases, too, has surged by nearly 28%. Beneath these numbers lies a growing threat that financial institutions are struggling to counter: sophisticated fraud in loan applications. Digital…
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 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 MUMBAI, Feb 24 (Reuters) – Indian benchmark bond yield ended little changed on Monday, while shorter-duration bond yield declined, as the central bank’s longer-term liquidity infusion plan and dovish commentary aided sentiment. The benchmark 10-year yield ended at 6.7036%, compared with its previous close of 6.7065%. The members of the rate-setting monetary…
Source: Live Mint MUMBAI, Feb 21 (Reuters) – Indian government bond yields were largely unchanged on Friday as market participants awaited the outcome of the weekly debt auction and the minutes of the central bank’s latest policy meeting. The benchmark 10-year yield was at 6.7022% as of 10:00 a.m. IST, compared with its previous close…
Source: Live Mint Mumbai, Feb 10 (PTI) The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but settled on a flat note at 87.50 (provisional) on suspected RBI intervention. The American currency gained in the overseas market…
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 MUMBAI (Reuters) – The Indian rupee strengthened on Friday after struggling for most of the week as global markets were jolted by fears of a trade war and foreign portfolio outflows persisted, pushing the rupee to its lifetime low past the 87 handle. The Reserve Bank of India cut its key interest…
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…
Source: Live Mint Budget Technical Outlook: The Indian stock market faced sharp losses in early trade on Monday, February 3, with the Sensex tumbling over 700 points and the Nifty 50 dropping below 23,250, amid weak global cues. The Sensex fell 750 points to hit an intraday low of 76,791.09. Similarly, the Nifty 50 also…
