Indian Banking Industry News & Updates
FSAT idea returns as debate grows over RBI penalties, regulatory overlap
More than 13 years later, the idea is back on the table.
Jan Dhan at 12: Women hold 33 crore of 59 crore accounts
PM Jan Dhan Yojana completes 12 years, over 59 crore bank accounts opened
Rupee posts weekly gains ending two-week slide
The Indian rupee ended the week on a positive note, snapping a two-week losing streak, and closed at 95.38 against the US dollar on Friday, up 16 paise from the previous session. The rupee recorded a weekly gain of 0.33%, trading within a narrow band between 95.38 and 95.75, helped by central bank intervention, said market participants. Over the past two weeks, the daily movement averaged at 14 paise.
Bajaj Finance Personal loan offers flexible repayment options with Loan Utsav 2026 benefits
Eligible customers can choose repayment tenures of up to 108 months and also access additional benefits available during Loan Utsav 2026Pune, Maharashtra, India (NewsVoir) Bajaj Finance is bringing together the repayment flexibility of its personal loan with additional benefits available during Loan Utsav 2026.
Eligible customers can choose repayment tenures of up to 108 months to plan their EMIs more comfortably, while also taking advantage of a range of Loan Utsav benefits.
Bajaj Finance Personal Loan The Bajaj Finance Personal Loan offers loan amounts ranging from Rs. 40,000 to Rs. 55 lakh, subject to applicable eligibility criteria. Customers can choose a repayment tenure ranging from 12 months to 108 months. The applicable interest rate ranges from 10% to 30.5% per annum, depending on the customer's profile and applicable terms.
NBFC body urges RBI to ease proposed curbs on revolving credit products
The industry body has asked the RBI to allow NBFCs to restore or replenish the principal amount repaid by a borrower ahead of schedule, subject to safeguards. FIDC said a blanket restriction could affect several loan products used by micro, small and medium enterprises (MSMEs) and individuals, including supply chain finance, working capital loans, and loans against securities.
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