Banking

Don’t ignore a missed EMI, even if it wasn’t your fault. Act fast, gather evidence, communicate with your lender, and file a dispute with CIBIL if needed.

Updated : Jul 12, 2025

Loan EMI didn’t auto debit from bank account. What should I do now to fix my CIBIL score?

A failed loan EMI auto-debit can wreck your CIBIL score and cost you future loans. But experts say you can fix it — if you act fast and follow the right steps.

Canara Bank lowers its MCLR, offering home loan interest rates starting at 7.80%, while HDFC Bank reduces its MCLR by up to 15 basis points.

Updated : Jul 12, 2025

'RBI repo rate cut won’t lower EMIs...' Expert explains why borrowers may overpay lakhs

The RBI’s recent repo rate cut sounds like good news for borrowers hoping for lower EMIs. But experts warn that unless you take action, you could still end up overpaying by lakhs on your loans.

The benefits under the Credit Linked Subsidy Scheme (CLSS) of PMAY included an interest subsidy of up to Rs 2.67 lakh per house.

Updated : Jul 10, 2025

Home loan crisis: Informal incomes keep Indians locked out of credit, expert shares solutions

Millions of Indians earning informal incomes remain locked out of traditional home loans, trapped by rigid paperwork and wary lenders. Experts say alternative data and fintech innovation could finally open the doors to homeownership for this vast underserved segment.

A Zero-Balance Savings Account is the perfect foundation for your emergency fund

Updated : Jul 8, 2025

Missed a personal loan EMI? Here’s what banks don’t tell you & why it matters

Missing EMIs can severely damage your credit score, making future borrowing more difficult and expensive. Delayed payments don’t just invite penalties—they can also lead to legal complications if left unresolved. That’s why taking proactive steps, like communicating with lenders and managing finances carefully, is essential to avoid financial stress.

Updated : Jul 8, 2025

'Banks earned hundreds of crores’: Chidambaram cheers end of minimum balance penalties

Former Finance Minister P Chidambaram has welcomed the decision by major Indian banks to scrap the minimum balance rule for savings accounts, calling the earlier policy “obnoxious”.

Hidden BNPL costs surface through late fees and credit hits, turning small misses into big debts.

Updated : Jul 8, 2025

Buy now, regret later: Expert on why shoppers should think twice before using BNPL

BNPL often shifts from a handy payment option to an ongoing debt pattern. Stealthy fees and credit score hits can trigger unexpected financial trouble.

RBI closed FY 2024-25 with an $8.2% growth in assets and a net income surplus of $31.5 billion — more than any other major central bank.

Updated : Jul 4, 2025

RBI eases prepayment charges on floating rate loans from 2026 to boost borrower freedom

From January 1, 2026, the Reserve Bank of India will ban prepayment charges on floating rate loans, offering borrowers greater flexibility to repay loans early without penalties. The move aims to promote fairness, transparency, and competition among lenders, addressing long-standing grievances over hidden costs and restrictive clauses.

A BCG report says India’s young, growing middle class is driving the next wave of global leisure travel.

Updated : Jul 3, 2025

'Plan for the aftermath before you...' CA cautions on hidden price of foreign vacations

A dreamy foreign vacation can quickly turn into a financial nightmare if you’re not prepared for what comes after. CA Abhishek Walia warns that the true price of travel isn’t just the upfront cost but the months of financial strain that can follow. He urges travellers to plan wisely so their holiday memories don’t come with a debt hangover.

The FRI empowers banks, non-banking financial companies (NBFCs), and UPI service providers to take proactive measures when a mobile number is flagged as high risk.

Updated : Jul 2, 2025

RBI pushes banks to adopt DoT’s financial fraud risk indicator to tackle cyber threats

India is stepping up its fight against cyber-enabled financial fraud with a new directive from the Reserve Bank of India (RBI). Banks and financial institutions are now required to integrate the Department of Telecommunications’ (DoT) Financial Fraud Risk Indicator (FRI) into their systems. The move promises real-time fraud detection and greater digital security across the nation’s booming financial ecosystem.

The Madras High Court upheld SBI’s decision to reject a banking candidate due to poor credit history, underscoring financial discipline in the sector.

Updated : Jul 2, 2025

Bad credit, no bank job: SBI drops Ex-HDFC manager, court backs move over adverse CIBIL score

SBI has turned down a job offer to a former HDFC Bank deputy manager due to an adverse CIBIL score. The Madras High Court upheld SBI's decision, highlighting the importance of financial discipline for banking professionals.

According to the report, personal loans have shown a slight uptick, but growth in unsecured credit has slumped to single digits.

Updated : Jun 28, 2025

Chasing lower EMIs? MCLR or RLLR — Which loan regime best captures RBI’s rate cut

- RBI cuts repo rate by 100 basis points, affecting loan dynamics. - Borrowers evaluate Marginal Cost of Funds-based Lending Rate (MCLR) and Repo-Linked Lending Rate (RLLR). - Key considerations include rate transmission speed and financial stability.

Buying a home is a proud milestone—but when life takes an unexpected turn, it can quickly become overwhelming.

Updated : Jun 26, 2025

Home loan nightmare: What to do when you lose your job and drowning in EMIs

Job loss is hard. Job loss with a ₹90,000 EMI? Even harder. A 32-year-old homebuyer shares his real struggle—how he’s staying afloat after losing his job while servicing a massive home loan. Here's what the experts say.

At present, deposit insurance guarantees up to ₹5 lakh of a depositor’s savings even if the bank collapses.

Updated : Jun 26, 2025

Finance Mininstry may introduce revised bank deposit insurance cover by next year

Sources within the ministry stated that while the quantum of the revised insurance cap is still being analysed, the government remains committed to evaluating the proposal thoroughly before making an official announcement.

IDFC First Bank will allow its NRI clients to easily connect their NRE or NRO accounts with various UPI-enabled applications like Google Pay, PhonePe, Paytm, and more, simply by using their international mobile numbers.

Updated : Jun 25, 2025

Gamechanger for NRIs: IDFC First Bank launches UPI on international numbers; check details

IDFC First Bank has introduced a new feature allowing NRIs to make UPI payments in India via international mobile numbers, free of charge. This service is available to NRE and NRO account holders across 12 countries, offering seamless, secure transactions without the need for an Indian SIM card.

Updated : Jun 24, 2025

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Banking

Loan EMI didn’t auto debit from bank account. What should I do now to fix my CIBIL score?

'RBI repo rate cut won’t lower EMIs...' Expert explains why borrowers may overpay lakhs

Home loan crisis: Informal incomes keep Indians locked out of credit, expert shares solutions

Missed a personal loan EMI? Here’s what banks don’t tell you & why it matters

'Banks earned hundreds of crores’: Chidambaram cheers end of minimum balance penalties

Buy now, regret later: Expert on why shoppers should think twice before using BNPL

RBI eases prepayment charges on floating rate loans from 2026 to boost borrower freedom

'Plan for the aftermath before you...' CA cautions on hidden price of foreign vacations

RBI pushes banks to adopt DoT’s financial fraud risk indicator to tackle cyber threats

Bad credit, no bank job: SBI drops Ex-HDFC manager, court backs move over adverse CIBIL score

Chasing lower EMIs? MCLR or RLLR — Which loan regime best captures RBI’s rate cut

Home loan nightmare: What to do when you lose your job and drowning in EMIs

Finance Mininstry may introduce revised bank deposit insurance cover by next year

Gamechanger for NRIs: IDFC First Bank launches UPI on international numbers; check details

Bank credit slows, inflation cools even as war clouds loom over global markets: Capitalmind study

No more spam calls for loans, credit cards: TRAI, RBI launch digital consent system for banks

No more waiting: UPI transactions now 66% faster with new NPCI update

Scapia unveils India’s first dual-network credit card with UPI, Visa, and RuPay in one

Ujjivan Rewardz: Ujjivan SFB's new loyalty programme offers points for UPI, bill payments

Loan relief ahead: Canara Bank, Union Bank ease lending rates after repo cut

HDFC Bank cuts interest rates on FDs, savings accounts from June 10 after RBI repo cut

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