Among the most common charges are joining and annual fees. Opting for lifetime free cards or ensuring eligibility for fee waivers can mitigate these costs effectively.
IndusInd Bank's stock faced a downturn due to a forex error. The recent reports of financial irregularities at the bank have raised depositors' concerns regarding the overall stability of the banking sector.
The State Bank of India (SBI) has encountered technical issues impacting its Unified Payments Interface (UPI) services, leading to service disruptions for its customers.
The Reserve Bank of India plans to implement stricter underwriting processes for gold loans, urging banks to enhance background checks on borrowers and confirm gold ownership.
Gold loans typically do not rely heavily on credit scores, making them suitable for individuals facing short-term financial constraints. Short-term gold loans provide greater flexibility compared to long-term options.
These schemes allow buyers to split their payments into easy monthly installments, especially when purchasing smartphones, electronics, and home appliances, without paying any "extra" interest
The draft proposal is intended for all Scheduled Commercial Banks (except Payments Banks), Local Area Banks, Co-operative Banks, Non-Banking Financial Companies (NBFCs), Housing Finance Companies (HFCs), and All India Financial Institutions (AIFIs).
Regularly checking your credit report using your PAN card allows you to spot and correct any discrepancies early, safeguarding your financial reputation
The changes come after the Vistara-Air India merger in November 2024, leading to a restructuring of loyalty programmes under Air India's Maharaja Club.
Banks across several key cities in India, including Mumbai, Delhi, and Chennai, will remain closed on February 26, 2025, for Mahashivratri, as per the Reserve Bank of India's holiday list.
The Reserve Bank of India increases the small value loan ceiling to Rs 3 crore for Urban Co-operative Banks, revises loan definitions, and sets exposure limits to enhance prudential norms.
Shivalik Small Finance Bank's new FD interest rates offered by the small savings bank now range from 3.50% to 8.55% for general citizens and from 4% to 9.05% for senior citizens.
Many banks have revised its loan rates after the Reserve Bank of India's (RBI) recent cut in the repo rate by 25 basis points (bps) from 6.50% to 6.25% during its MPC meeting last week.
Debadatta Chand also said banks along with regulator are working on CBDC to create the ease of doing transaction that can be far better as compared to any other mode of transaction.
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