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RBI’s new guidelines for gold loans will not affect people taking gold loan of low amount. Ministry Finance has posted a post on social media platforms about this. In this post done on May 30, it has been said that the government has studied RBI’s draft guidelines for gold loan. The government has told the…
Good news is going to come for home loan customers early next month. The RBI is going to decrease the interest rate once again. This year the RBI has reduced the repo rate twice. For the first time, he reduced the repo rate 25 basis points in February. The second time he reduced the repo…
North East Small Finance Bank: North East Small Finance Bank (NESFB) has now been changed to Slice Small Finance Bank. This change has been made after merger with the Finntech Startup Slice. The Reserve Bank of India (RBI) has verified it in the notification issued on 21 May 2025. However, after this, there is a…
IndusInd Bank is increasing instead of decreasing difficulty. The bank has explained a new lapsase in the accounting. The worst is that it has revealed that the bank having a senior employee. The case of lapsase in the bank’s derivative accounting was not yet calm that the news of the new lapses has not only…
The Reserve Bank of India has decided to give an in-principal approval to the United Arab Emirates ‘Emirates NBD Bank PJSC’ to start a fully owned subsidiary in India. Emirates NBD Bank PJSC is currently doing banking business in India through its branches in Chennai, Gurugram and Mumbai. The Reserve Bank said in a statement,…
Mfi shares: RBI has given great relief to NBFCs. The risk weightage on the loan given by banks to NBFCs has been reduced from 125 per cent to 100 per cent. This means that some time ago on the high risk loans, the tightened rein has now been reduced. The new risk weightage will be…
People waiting for cheaper home loans and car loans may be a little disappointed. Reserve Bank of India (RBI) Governor Shaktikanta Das has given a big statement on October 18 regarding the reduction in interest rates. He said that it would be premature and very risky to reduce interest rates now. Due to this, there…
The trend of Unified Payment Interface (UPI) has increased rapidly in India. People are using UPI app even for making small payments. Be it big transactions or big money transfer work, UPI is becoming the first choice of the people. The reason for this is that no charge is taken for making payment through it….
Yes Bank Stake Sale: The matter of stake sale in Yes Bank has stopped for now. The Reserve Bank of India (RBI) is uncomfortable with the majority stake of Yes Bank going to a foreign bank. People familiar with the matter have given this information to Moneycontrol. According to sources, Japan’s giant banking company Sumitomo…
