Banking

The RBI has proposed that all floating-rate personal loans and advances to micro, small and medium enterprises (MSMEs) offered by banks should be linked to an external benchmark.

Updated : Aug 12, 2026

RBI proposes new loan pricing rules: Banks, NBFCs may face tighter interest rate norms

Under the proposed framework, banks and other regulated lenders will have to maintain a comprehensive, board-approved policy covering the pricing of loans and advances.

A credit score reflects repayment behaviour, but lenders consider other factors beyond a 700+ score when approving home loans.

Updated : Aug 10, 2026

Home Loan: Applying with a co-applicant? Their credit score could affect your loan availability

A strong credit score may not be enough to secure a joint home loan if the co-applicant has a poor credit history or low score. Lenders assess the credit profiles, income stability and repayment capacity of all applicants before approving the loan.

Updated : Aug 7, 2026

IndusInd Bank, EazyDiner launch lifetime-free RuPay credit card with UPI benefits

IndusInd Bank and EazyDiner have launched a lifetime-free RuPay credit card that combines dining discounts, entertainment perks and UPI payment convenience. The card offers annual benefits worth up to ₹21,495, including dining savings, movie ticket offers and a complimentary EazyDiner Prime membership.

The proposal marks a significant regulatory shift by introducing formal definitions of "term loan" and "revolving credit" under the RBI Directions for the first time.

Updated : Aug 7, 2026

RBI proposes ban on revolving credit by most NBFCs; only term loans to be allowed

Under the draft, NBFCs would be permitted to offer only term loan products and would no longer be allowed to provide revolving credit facilities. The restriction, however, would not apply to NBFCs that have been specifically authorised by the RBI to issue credit cards.

The RBI has made it clear that banks cannot use device-locking technology for loans other than those used to finance the concerned mobile device.

Updated : Aug 7, 2026

Can banks lock your smartphone for missing an EMI? RBI says yes — but only in these cases

The central bank has prescribed a phased approach to device restrictions. Banks cannot disable or restrict any functionality until the loan account becomes 30 days past due, and only after the borrower has been served notices to repay the outstanding amount.

Banks must adopt a comprehensive loan recovery policy covering recovery triggers, borrower engagement, due diligence, oversight and borrower compensation for wrongful recovery actions.

Updated : Aug 6, 2026

RBI tightens loan recovery rules, bars harassment and strengthens borrower protection

RBI has unveiled a comprehensive framework to regulate how banks recover loan dues, introducing stricter norms for recovery agents and stronger safeguards for borrowers. The new rules, effective January 1, 2027, also lay down detailed guidelines for technology-based recovery tools and prohibit coercive recovery practices.

In FY26, public sector banks collected ₹2,137.92 crore in minimum balance charges, while private banks collected ₹4,948.71 crore. Among PSBs, SBI topped the list with ₹477.27 crore in such charges.

Updated : Jul 28, 2026

Missed your minimum balance? Banks pocketed ₹26,100 cr in penalties in just 4 years

Government data shows banks collected ₹7,086 crore in FY26 alone; MoS Finance informed the Rajya Sabha that 73 crore basic savings bank deposit accounts remain exempt from such charges.

Till May, SBI Cards emerged as the top card issuer, adding 1,81,851 net new cards — its strongest monthly performance in the recent series — overtaking ICICI Bank which had topped the chart in April.

Updated : Jul 14, 2026

SBI credit card users report incorrect overdue tag on July bills, claim CIBIL scores dropped by up to 70 points

Posts shared by customers on X suggest the issue may have affected even those whose payment due dates had not yet arrived. Some users claimed that while their credit card bill was still within the payment window, their credit reports were already reflecting the minimum amount due as "overdue."

While insufficient funds are the most common cause, cheques may also bounce due to expiry, signature mismatch, overwriting, physical damage, or differences between the amount written in words and figures.

Updated : Jul 10, 2026

BT Explainer: Rajpal Yadav to return to jail as Delhi HC upholds conviction - what is a cheque bounce?

The Delhi High Court is set to rule on Bollywood actor Rajpal Yadav's petitions in multiple cheque bounce cases, bringing renewed focus to India's cheque dishonour law. Here's what a cheque bounce means, when it becomes a criminal offence, and the legal process under Section 138 of the Negotiable Instruments Act.

The RBI has made it clear that the ₹2,000 note has not become invalid.

Updated : Jul 9, 2026

Still have a ₹2,000 note? RBI says it's still valid & here's how you can exchange it

The RBI said 98.47% of the ₹2,000 notes that were in circulation at the time of the announcement have now been returned.

The TransUnion CIBIL data points that the number of active cards has seen a 5 times growth over the past decade from 2.1 crore in March 2016 to 10.7 crore in March 2026.

Updated : Jul 8, 2026

After 8.3 times surge in outstanding balances, is credit card growth now plateauing? Here’s what a new report shows

According to TransUnion CIBIL, the number of active cards has seen a 5 times growth over the past decade from 2.1 crore in March 2016 to 10.7 crore in March 2026.

At present, home loans qualify for priority sector classification only up to RBI-prescribed limits that vary according to the population of a city.

Updated : Jul 7, 2026

Home loan PSL limit should be raised to ₹1 crore in metros, education loan cap to ₹50 lakh: Report

SBI Research has proposed raising the Priority Sector Lending (PSL) eligibility limit for home loans to ₹1 crore in metro cities and ₹75 lakh in other centres, while recommending that the education loan cap be doubled to ₹50 lakh. The report says the existing thresholds no longer reflect rising property prices and education costs, warranting a review of the RBI's PSL framework.

Both regulated entities and customers can appeal against an Ombudsman award within the prescribed timelines.

Updated : Jul 6, 2026

RBI revamps customer grievance redressal: Here's what changes for bank, NBFC customers

One of the key changes in the 2026 scheme is the expanded role of RBI Deputy Ombudsmen.

Under RBI rules, balances lying in savings or current accounts that remain inoperative for 10 years or more, as well as fixed deposits that remain unclaimed for 10 years after maturity, are classified as unclaimed deposits.

Updated : Jul 1, 2026

Forgot money in an old bank account? Here's how RBI helps you recover unclaimed deposits even after 10 years

Forgotten money lying in an old savings account or unclaimed fixed deposit is not lost forever. Even if the funds have been transferred to the RBI's Depositor Education and Awareness (DEA) Fund after 10 years, depositors and their legal heirs can still recover the amount through the concerned bank.

Planning purchases to cross spending milestones and reviewing reward structures periodically can improve returns without increasing overall spending.

Updated : Jun 29, 2026

You are spending more than ever on credit cards — but leaving money on the table

India's credit card spending has more than tripled in the past five years, but most users are still failing to maximise rewards. A new study shows that choosing the wrong credit card could cost consumers thousands—or even lakhs—of rupees in missed savings every year.

Reward points are valuable — unless they make you spend more than you planned.

Updated : Jun 28, 2026

Credit card reward points create four dopamine highs -- cash creates only one; ChatGPT breaks down the science

Credit card reward points do more than save money—they can reshape how your brain makes spending decisions. Neuroscience suggests reward programmes create four dopamine highs, making them far more psychologically engaging than cash payments.

The RBI framework covers fraudulent electronic transactions such as UPI fraud, internet banking fraud, phishing scams, fake KYC requests and other digital payment frauds.

Updated : Jun 28, 2026

Miss this 5-day deadline and you could lose RBI fraud compensation, warns CA Kanan Bahl

Missing a simple five-day reporting deadline could cost victims their RBI-backed compensation for online banking fraud, chartered accountant Kanan Bahl has warned. Under the new framework, eligible customers must report fraud to both their bank and the National Cyber Crime Helpline within five days to claim compensation from January 1, 2027.

SBI Cards accounted for 19.1% of total industry spending, ahead of HDFC Bank's 29.2%? Wait, spend-wise market share actually places HDFC Bank at 29.2%.

Updated : Jun 27, 2026

Who dominates India's credit card market? HDFC Bank leads cards, SBI Card tops spending

India's credit card market continued to expand in May with spending crossing ₹2 lakh crore and nearly 10 lakh new cards added, but leadership varied across key metrics. While HDFC Bank remained the largest issuer by cards in force, SBI Cards strengthened its position in spending, even as mid-sized lenders gained ground in new card issuances.

Only 15% of Indian adults have access to formal credit, compared with the global average of 24%, while just 14% of MSMEs can tap institutional finance, leaving most reliant on informal borrowing.

Updated : Jun 17, 2026

One in six bank accounts in India remains inactive despite digital finance boom: Report

Despite India's digital payments boom and rising financial inclusion, nearly one in six bank accounts in the country remains inactive, highlighting persistent gaps in meaningful participation. A Deloitte report says deeper credit access and wider use of financial services will be crucial to achieving India's 2047 economic ambitions.

According to the study, PPIs are now widely used for routine transactions such as utility payments, food delivery, subscriptions, transport services, entertainment and merchant payments.

Updated : Jun 15, 2026

How much has India's digital payments revolution changed in five years?

India's digital payments ecosystem has transformed dramatically over the past five years, with the RBI's Digital Payments Index rising 137% since 2020. A new study shows the revolution is being powered by millions of small, everyday transactions and expanding financial inclusion.

The report found that monthly PPI transaction volumes nearly doubled from around 4,640 lakh transactions in November 2019 to about 8,750 lakh by March 2026.

Updated : Jun 14, 2026

The average digital wallet payment is just ₹326. Here's what that reveals

India's digital wallet revolution is increasingly being driven by small, everyday purchases rather than large-ticket spending. A new study shows the average PPI transaction value has fallen to ₹326, highlighting how digital payments are becoming embedded in daily life.

Banking

RBI proposes new loan pricing rules: Banks, NBFCs may face tighter interest rate norms

Home Loan: Applying with a co-applicant? Their credit score could affect your loan availability

IndusInd Bank, EazyDiner launch lifetime-free RuPay credit card with UPI benefits

RBI proposes ban on revolving credit by most NBFCs; only term loans to be allowed

Can banks lock your smartphone for missing an EMI? RBI says yes — but only in these cases

RBI tightens loan recovery rules, bars harassment and strengthens borrower protection

Missed your minimum balance? Banks pocketed ₹26,100 cr in penalties in just 4 years

SBI credit card users report incorrect overdue tag on July bills, claim CIBIL scores dropped by up to 70 points

BT Explainer: Rajpal Yadav to return to jail as Delhi HC upholds conviction - what is a cheque bounce?

Still have a ₹2,000 note? RBI says it's still valid & here's how you can exchange it

After 8.3 times surge in outstanding balances, is credit card growth now plateauing? Here’s what a new report shows

Home loan PSL limit should be raised to ₹1 crore in metros, education loan cap to ₹50 lakh: Report

RBI revamps customer grievance redressal: Here's what changes for bank, NBFC customers

Forgot money in an old bank account? Here's how RBI helps you recover unclaimed deposits even after 10 years

You are spending more than ever on credit cards — but leaving money on the table

Credit card reward points create four dopamine highs -- cash creates only one; ChatGPT breaks down the science

Miss this 5-day deadline and you could lose RBI fraud compensation, warns CA Kanan Bahl

Who dominates India's credit card market? HDFC Bank leads cards, SBI Card tops spending

One in six bank accounts in India remains inactive despite digital finance boom: Report

How much has India's digital payments revolution changed in five years?

The average digital wallet payment is just ₹326. Here's what that reveals

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