The FinTech Hub
Source: Live Mint 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 line or OD facility from the bank, against collateralization of a gold asset. This gold is stored by the bank in its…
Source: Live Mint 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 advances, including those taken for meeting business objectives by individuals and micro and small enterprises (MSEs). These new rules will be enforced…
Source: Live Mint 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 loan accounts. As reported by the Times of India, this initiative is expected to bring greater transparency and consistency to the country’s…
Source: Live Mint Indian stock market today: The Indian stock market ended the last trading session of June in the red, as investors booked profits following the strong rally seen over the previous four sessions. Nevertheless, the market closed the month in the green for a fourth consecutive time, with the Nifty 50 ending up…
Source: Live Mint Yet, according to the World Bank, more than 10% of the world’s population—mostly in Sub-Saharan Africa and South Asia—still lacks any official or digital ID. Without identification, access to jobs, healthcare, financial support, mobile services, or even the right to vote can be severely limited. In this context, digital ID systems like…
Source: Live Mint The three-day initial public offer (IPO), which opens on Wednesday, has priced shares of the non-banking financial company (NBFC) at ₹700-740 apiece. While that was a 40% discount to its grey market price before the IPO was announced, prices in the two markets have converged. The focus now shifts towards its fundamentals. …
Source: Live Mint 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 February 2025, the repo rate remained unchanged at 6.5%. Since then, the Reserve Bank of India (RBI) has reduced the rate by…
Source: Live Mint 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 value of your jewellery without selling it. The loan can also be a quick and flexible funding option, for a range of…
Source: Live Mint Mumbai: A quality that Reserve Bank of India governor Sanjay Malhotra says has helped him support innovation and invite new ideas and diverse perspectives is challenging the status quo. “I learnt to question the status quo. I learnt that there is always scope for improvement. This helped me improve efficiency in various…
Source: Live Mint Soon after the Reserve Bank of India (RBI) cut its repo rate by 50 basis points, most banks have followed suit by cutting interest rates on their fixed deposits (FDs). Now most banks offer anywhere between 6.25 to 6.5 percent per annum on their term deposits. This is enough to prompt investors…
