RBI

The cumulative data for credit card spend (online and POS combined) in June showed muted growth vis-à-vis May, shows the latest Reserve Bank of India (RBI) data. The total value …

The Reserve Bank of India (RBI) has released a set of guidelines with regards to levy of prepayment charges in case of loans sanctioned to MSEs, something that tends to …

One cybercriminal was arrested in Pune for targeting hundreds of individuals who had taken small loans through various mobile applications, Indian Express reported. The case unfolded like this: An individual …

If you are a frequent user of UPI, it is recommended to stay abreast of the changes made in the digital payment ecosystem. NPCI, which runs UPI, issued a circular …

At least four banks have reduced their marginal cost of funding based rates in the past few days. These banks are Canara Bank, HDFC Bank, PNB and Bank of Baroda …

Enter gold OD Gold overdraft (OD) facility can be a hack for those looking for a locker facility for their gold jewellery. The OD facility entails extension of a credit …

Mumbai, Jul 2 (PTI): The Reserve Bank of India (RBI) on Wednesday instructed banks and other financial institutions not to levy any pre-payment charges on all floating rate loans and …

In a major move to enhance credit score accuracy and minimise reporting discrepancies, the Reserve Bank of India (RBI) has proposed making a unique borrower identification number mandatory for all …

While a reduction in the repo rate was anticipated in the latest Monetary Policy Committee (MPC) meeting, the 50 basis point cut came as a surprise. From February 2023 to …

In a country like India that has a rich cultural heritage; where gold has intrinsic financial value and sentimental value, a gold loan gives you the ability to leverage the …