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The 25 basis points rate cut is expected to boost demand for home, auto, and personal loans, particularly in tier 2 and tier 3 markets, where borrowers are more sensitive to interest rates, said Binod Kumar, MD and CEO of Indian Bank. With retail loans having grown over 18 percent year-on-year, a lower interest rate environment could further drive consumption and strengthen economic momentum.

The present framework limits co-lending to partnerships between banks and non-banking financial companies (NBFCs) to priority sector lending such as agriculture, micro-enterprises and loans to weaker sections

Currently, the transaction limit for UPI stands at ₹1 lakh for both person-to-person (P2P) and person-to-merchant (P2M) payments. However, certain P2M transactions are allowed higher limits, with some capped at ₹2 lakh and others at ₹5 lakh, depending on the use case.

"The RBI has already embarked on a rate cutting cycle and is likely to go in for another 25 basis points reduction in the April monetary policy committee meeting, taking the repo rate to 6 per cent," HSBC Research said

She charged Chief Minister A Revanth Reddy with misleading the public and tarnishing Telangana's image to hide his government's failures

Preity Zinta refutes Kerala Congress' allegations that she had handed her social media accounts to the BJP and got a Rs 18 crore loan waiver

RBI’s change in stance is aimed at supporting growth but expectations must be tempered, given the uncertainties of the global economic environment

This initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services, thereby enhancing trust in digital banking and payment services, says RBI

The rate cut comes for the first time in nearly five years after the last rate reduction in May 2020

Railway Minister Ashwini Vaishnaw says Mumbai suburban network to get new design trains fitted with better features for passenger comfort and reducing overcrowding

Sitharaman rejects criticism that rupee has seen all-round weakness, says Indian currency least volatile against the US dollar among its Asian and global peers

Tagging Amazon, Nirmala Sitharaman, and RBI, Pawan questions why a simple solution couldn't be implemented where any unused balance could be automatically refunded to the linked bank account

Denial of approvals for fresh borrowings, coupled with poor revenue, also spells doom for other schemes, including Indiramma houses, Indiramma Atmeeya Bharosa and ration cards

The RBI had announced the withdrawal of Rs 2000 notes on May 19, 2023 and the circulation of notes has drastically come down from Rs 3.56 lakh crore to Rs 6,691 crore as of December 31, 2024

Forex traders say the rupee is likely to remain in a weakening mode due to significant dollar demand

Apparently written in the Russian language, the email was sent to the official website of the Central Bank on Thursday afternoon, threatening to blow up the building with explosives

The summit featured discussions on empowering marginalized communities through self-help groups, the critical role of women-led initiatives, and the importance of balanced credit disbursement to mitigate over-indebtedness.

RBI signals its cautious approach to balance the twin factors of inflation and growth

The move is aimed at attracting more foreign capital at a time when the Indian rupee has come under pressure as foreign investors have been pulling money out of the Indian stock markets resulting in hot money outflows

The UPI hit a milestone of 16.6 billion transactions in a month in October, with improvements in its capabilities like successful instant debit reversals at 86 per cent (77 per cent in the same month last year)