Savers & depositors, brace for a cut in deposit rates
Mumbai: The Reserve Bank of India decision to cut interest rate brings relief to borrowers, but savers and depositors face a less rosy outlook. Following the 25-basis point reduction in the Repo rate, banks are likely to slash fixed deposit rates, building on the 50-basis point total reduction in the last two months. This move will result in lower returns on bank deposits, affecting individuals and investors who rely on fixed income streams.

Persistence of MCLR loans impacting monetary policy transmission
Mumbai: The persistence of loans linked to the marginal cost of funds-based lending rate (MLCR) and other legacy rates, which are based on internal benchmarks and have a longer reset period, act as an impediment to overall monetary policy transmission, according to the RBI’s monetary policy report (MPR)

As at December-end 2024, the share of MCLR and other legacy rates (benchmark prime lending rate, base rate and other internal benchmarks) in the total outstanding floating rate of loans of scheduled commercial banks (SCBs) was at 39.4 per cent (43.4 per cent as at March-end 2024). “There is still a significant proportion of loans linked to MCLR in the case of public sector banks (PSBs). The share of external benchmark-based lending rate (EBLR) -linked loans is higher in private banks (PVBs),” stated the MPR.

Amid the ongoing global tariff war, RBI says more worried about its impact on growth than inflation
Amid the ongoing global tariff war, Reserve Bank Governor Sanjay Malhotra on Wednesday said he is more worried about its impact on growth than inflation.

No set level on rupee-dollar exchange rate: RBI chief
 

Sitharaman highlights Indian opportunities in London
 

Banks start reducing loan rates after RBI repo cut
Mumbai: Several banks revised their external benchmark lending rates after RBI cut repo rate by 25 basis points to 6% on Wednesday. Indian Bank said it will reduce its repo-linked benchmark lending rate (RBLR) to 8.7% from 9.05%, effective April 11. PNB has cut its repo-linked lending rate (RLLR) to 8.85% from 9.1%, effective April 10. Bank of India has revised its RBLR to 8.85% from 9.1%, with the change taking effect from April 9.
 

Bank of India’s cumulative disbursements under PMMY in last 10 years at ₹71,364 cr

“The bank has introduced an end-to-end digital journey for Mudra loan applicants. The entire journey of the loan -- from application to sanction and disbursements -- is completed online. The bank is also issuing Mudra Cards to borrowers under the scheme,” the public sector bank said.

IIFL Finance’s public issue of NCDs subscribed nearly 5 times
Mumbai: IIFL Financesaid that its public issue of secured, rated, listed redeemable non-convertible debentures was oversubscribed 4.75 times amounting to ₹475.03 crore by the end of the day on April 9. Following the overwhelming response, the NBFC has decided to close the issue on April 11, ahead of its proposed date ofclosing of April 23. The issue was offered on first come first served basis with an option of early closure.

Microfinance defaults stay elevated in Q4FY25, says India Ratings
 

Retail loans by NBFCs set to get cheaper
The non-banking financial companies (NBFCs) may soon offer retail loans at lower interest rates, following the Reserve Bank of India’s (RBI) proposal to allow co-lending in non-priority sectors such as personal loans, auto loans and others. 

NBFCs’ vehicle biz brace for a sluggish FY26
The country’s leading NBFCs are bracing for another year of tepid growth in disbursements and assets under management (AUM), as their core lending segments — commercial and passenger vehicles — are projected to grow at a low single-digit pace in the current fiscal.India’s passenger vehicle (PV) segment grew at a modest 5% in FY25 to 4.2 million units, while commercial vehicle (CV) segment remained flat at 1.01 million units.

How co-lending, gold loans will change
Mumbai : The Reserve Bank of India (RBI) has proposed changes to harmonize lending norms across regulated entities. Two major frameworks proposed as part of the monetary policy statement on 9 April pertain to co-lending and lending against gold ornaments and jewellery—both popular loan segments for lenders and borrowers alike.
 

To temper sharp gold loan growth, RBI issues draft rules that tighten lending

Mumbai: In A BID to temper the explosive growth in gold loans over the last 12 months, the Reserve Bank of India (RBI) Wednesday proposed draft guidelines that barred lenders from granting advance against primary gold/ silver or financial assets backed by primary gold/ silver like units of Exchange-Traded Funds (ETFs) or units of mutual funds.

Personal loans made simple and quick with Bajaj markets
 

Financial inclusion cannot be used as a pretext for financial exploitation of customers: RBI Dy Guv tells NBFCs
 

Microfinance sector shows signs of recovery; loan growth picked up in Q4FY25
 

Avaloq hosts first India community connect to shape wealth management’s future
 

Paytm sees rise in domestic institutional holding by 2% to 14%, led by mutual funds increasing stake to 13%
 

‘There are no shortcuts to getting rich,’ says Zerodha’s Nithin Kamath. Here’s what he recommends…
We live in a world constantly chasing the next big thing – the next multibagger stock, the next startup unicorn, or that one cryptocurrency that will make us rich overnight.

Paytm sees rise in domestic institutional holdings, led by mutual funds
Domestic institutional investors have increased their stake in One 97 Communications Ltd (Paytm) during Q4 FY25, with mutual funds growing their holdings by 1.9 per cent to reach 13.1 per cent overall, the company announced today. Nippon India Mutual Fund and Motilal Oswal Mutual Fund drove this growth, increasing their stakes by 0.4 per cent and 0.2 per cent, respectively. Nippon now holds 2.8 per cent of the company, while Motilal Oswal’s stake stands at 2.3 per cent.

DIPAM to nudge MFs to include PSU stocks in their portfolios; pvt sector to pay fair dividends
 

MFs set the ball rolling to enter specialised investment fund arena