Banking

Despite expectations of repo rate cuts, the bank is confident of maintaining NIM stability through strategic portfolio actions, Arihant Capital Markets noted.

Updated : Jun 12, 2025

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

Designed for modern spenders and travel enthusiasts, the card not only supports UPI transactions via RuPay but also ensures global acceptance through Visa.

IDFC FIRST Bank’s online Savings Account is designed to help you grow your wealth, manage your funds efficiently, and enjoy financial freedom.

Updated : Jun 12, 2025

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

Aimed at enhancing customer experience, the initiative incentivises digital transactions with loyalty points, which can be redeemed across a wide range of lifestyle categories.

Canara Bank and Union Bank reduce lending rates following RBI's 50 basis point repo rate cut to 5.5%, effective June 2025.

Updated : Jun 11, 2025

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

Canara Bank and Union Bank have cut lending rates following the RBI’s surprise 50 basis point repo rate reduction to 5.5%. The move is expected to ease EMIs and boost credit demand across retail and MSME segments.

HDFC Bank: Immediate support on the counter could be seen at Rs 1,950 level.

Updated : Jun 10, 2025

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

- HDFC Bank has cut FD and savings account interest rates following an RBI rate cut. - Savings account rates now stand uniform at 2.75% per annum. - Fixed Deposits for general and senior citizens have also seen reductions.

The arrested ICICI Bank employee used platforms like ICICI Direct and Zerodha to trade in derivatives using funds siphoned from senior citizens' accounts.

Updated : Jun 7, 2025

ICICI relationship manager used senior citizens’ money to trade derivatives, held for Rs 4.58 cr scam

ICICI Bank's internal audit uncovered a Rs 4.58 crore fraud spanning from 2020 to 2023, leading to the arrest of a 26-year-old relationship manager. The scam involved unauthorised financial activities affecting senior citizens, prompting a police investigation into potential accomplices.

In simple terms, if the pledged gold is worth Rs 1 lakh, borrowers can now get up to Rs 85,000 instead of the earlier Rs 75,000.

Updated : Jun 6, 2025

RBI hikes LTV ratio to 85% for gold loans under Rs 2.5 lakh, eases rules for small borrowers

The central bank has increased the Loan-to-Value (LTV) ratio from 75% to 85% for gold loans of up to Rs 2.5 lakh per borrower, including interest.

The PNB Board also approved fund raise of up to Rs 8,000 cr via issuance of Basel III compliant bonds.

Updated : Jun 6, 2025

Electric car loans get cheaper as PNB lowers rate below petrol, diesel vehicles

- PNB reduces EV loan rates to 8.30% to promote sustainable transport. - The bank sanctioned over 5,000 EV loans in FY 2024–25. - Digital and in-person loan application channels enhance accessibility.

According to an SBI Research report, "FD rates have been reduced in the range of 30-70 bps since February 2025."

Updated : Jun 6, 2025

FD rates falling after RBI's big rate cut: Why FD investors must act now to avoid losing lakhs

Fixed deposit investors are feeling the heat as the RBI slashes the repo rate to 5.5%—its third cut in 2025. With FD rates already slipping by up to 70 bps, experts urge savers to lock in high returns before they vanish.

One should note that the recent changes in the New Tax Regime have eliminated the income tax benefits associated with home loans.

Updated : Jun 6, 2025

Homebuyers alert: RBI's next rate cut could bring EMIs under 7.75% — should you refinance your home loan?

All eyes are on the Reserve Bank of India (RBI) as it prepares to announce its monetary policy decision on June 6, 2025. With retail inflation staying below the central bank’s 4% target for the third consecutive month, economists are optimistic about a 25-basis point rate cut to further support growth.

The RBI is still printing and circulating new ₹500 notes in the Mahatma Gandhi (New) Series, demonstrating their ongoing reliance on this denomination.

Updated : Jun 4, 2025

Rs 500 note to be scrapped in 2026? PIB says Rs 500 note still legal tender

A viral video claiming that ₹500 notes will be discontinued from March 2026 has sparked widespread confusion. The Press Information Bureau (PIB) has debunked the claim, confirming that no such RBI directive exists and ₹500 notes remain legal tender.

Updated : Jun 3, 2025

PNB reduces student loan rates to 7.5% under PM Vidyalaxmi; check eligibility, benefits

Punjab National Bank (PNB) has reduced interest rates on education loans under the Pradhan Mantri Vidyalaxmi Scheme, offering new relief to aspiring students. The scheme provides collateral-free, guarantor-free loans to meritorious students admitted to top-ranked higher education institutions in India.

To enhance the security of your investment, regular independent third-party audits are carried out to confirm that the physical gold stored in vaults exactly corresponds to the digital gold units in circulation.

Updated : May 30, 2025

Is my digital gold securely backed by physical gold and protected against risks?

Every unit of digital gold you purchase is backed by an equivalent amount and finesse of physical 24-karat gold, securely stored in bank-grade, insured vaults.

Taxpayers must note that the deadline to receive Form 16 and Form 16A TDS certificates is fast approaching on June 15, 2025.

Updated : May 29, 2025

Big money changes coming from June 1: EPFO 3.0 roll-out, FD rates, credit card charges & more

From EPFO’s long-awaited 3.0 upgrade and revised FD interest rates to sweeping credit card fee changes and Aadhaar update deadlines, these updates impact everything from your tax filings to your everyday transactions.

According to the RBI, UPI handled a staggering 11,761.4 crore transactions in FY2025.

Updated : May 29, 2025

Digital payment volume up 34.8% in FY25, UPI accounts for Rs 180 lakh crore: RBI report

India’s digital payments ecosystem saw robust growth in FY2024–25, with transaction volumes rising 34.8% and UPI alone accounting for 84% of retail digital payments, the RBI said in its annual report. UPI processed over 11,761 crore transactions worth ₹180.24 lakh crore during the year, marking a 59.2% surge in volume and 44.8% rise in value.

According to the bank’s PayLater page and FAQs, the service has been stopped “as per internal policy.”

Updated : May 28, 2025

COMPANIES

NEWS

Banking

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

ICICI relationship manager used senior citizens’ money to trade derivatives, held for Rs 4.58 cr scam

RBI hikes LTV ratio to 85% for gold loans under Rs 2.5 lakh, eases rules for small borrowers

Electric car loans get cheaper as PNB lowers rate below petrol, diesel vehicles

FD rates falling after RBI's big rate cut: Why FD investors must act now to avoid losing lakhs

Homebuyers alert: RBI's next rate cut could bring EMIs under 7.75% — should you refinance your home loan?

Rs 500 note to be scrapped in 2026? PIB says Rs 500 note still legal tender

PNB reduces student loan rates to 7.5% under PM Vidyalaxmi; check eligibility, benefits

Is my digital gold securely backed by physical gold and protected against risks?

Big money changes coming from June 1: EPFO 3.0 roll-out, FD rates, credit card charges & more

Digital payment volume up 34.8% in FY25, UPI accounts for Rs 180 lakh crore: RBI report

No more UPI credit: ICICI Bank discontinues PayLater facility for all users

Struggling with dormant bank accounts? RBI proposes video KYC, simpler access

'Any bank offering 6–7% in a savings account is a red flag': CIO breaks down the real risk

ATM withdrawals get costlier: HDFC, SBI, ICICI, others are charging this much post free transactions

HDFC Bank revises lounge access rules on Tata Neu Infinity card starting June 10; check details

Homebuyers, rejoice! Your next EMI could be cheaper with some banks — Is it time to refinance your EMI?

Cardholders alert: Kotak Mahindra Bank tweaks insurance benefits from its debit cards; check key details

HOT STOCKS

TOP VIDEOS