The FinTech Hub
Source: Live Mint Stock market news: The equity benchmarks Sensex and Nifty 50 rose over 6 percent in the past four trading sessions due to a temporary halt in tariffs by the US, the return of foreign investors to the domestic market, and forecasts for above-normal rainfall during the upcoming southwest monsoon season, all of…
Source: Live Mint MUMBAI, – India’s call money market faces risks of dwindling liquidity, posing challenges for monetary policy transmission, the nation’s central bank chief said in a speech published on Saturday. Reserve Bank of India Governor Sanjay Malhotra expressed concern about “asymmetries which arise on occasions between different money market rates – the rate…
Source: Live Mint MUMBAI, April 17 (Reuters) – Indian government bond yields dipped in early deals on Thursday ahead of the central bank’s bond purchase and the government’s debt auction scheduled for later in the day. The benchmark 10-year bond yield was at 6.3793% as of 10:20 a.m. IST, compared with its previous close of…
Source: Live Mint PIS accounts NRE-PIS (portfolio investment scheme) and non-PIS accounts are mandatory for NRIs who wish to invest in Indian markets, as per regulatory guidelines. A PIS account linked to an NRE account is ideal for NRIs prioritizing the repatriation of funds. However, they require approval from both the bank and the Reserve…
Source: Live Mint As the Reserve Bank of India (RBI) on Wednesday cut the repo rate again by 25 basis points, home loan EMIs are expected to fall. In the past two months, RBI has cut the repo by a total of 50 basis points. In February, RBI cut the benchmark rate from 6.5 per…
Source: Live Mint The Reserve Bank of India (RBI) on April 9 delivered a widely-anticipated 25 basis points cut in the repo rate—the second consecutive easing move by the central bank in 2025—bringing the key lending rate down to 6 per cent. The six-member Monetary Policy Committee (MPC) voted unanimously in favour of the reduction,…
Source: Live Mint MUMBAI, April 2 (Reuters) – Indian government bonds surged on Wednesday as investors welcomed the central bank’s debt purchase plan for April, with the 10-year yield closing at a more than three-year low. The Reserve Bank of India on Tuesday said it will buy bonds worth 800 billion rupees ($9.3 billion) in…
Source: Live Mint Between April and September 2024, 18,461 frauds were reported, involving a staggering ₹21,367 crore—an eightfold jump compared to ₹2,623 crore last year. The number of cases, too, has surged by nearly 28%. Beneath these numbers lies a growing threat that financial institutions are struggling to counter: sophisticated fraud in loan applications. Digital…
Source: Live Mint The latest data presented by the Reserve Bank of India (RBI) show easing of personal loan expansion in India’s financial sector. Personal loan expansion year-to-year was 14.2% in the fortnight as of January 24, 2025 as detailed in a press release by RBI on Feb 28, 2025. This, in the case of…
Source: Live Mint The Reserve Bank of India (RBI) has released a draft circular intended to direct banks not to levy foreclosure charges/ pre-payment on the floating rate term loans for purposes other than business to individual borrowers. This means when a loan borrower decides to foreclose a floating rate loan or prepay it, the…
