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Mint Explainer | RBI's rate cut and how it will benefit retail borrowers

Mumbai, Feb. 7 -- The Reserve Bank of India's (RBI) monetary policy committee on Friday delivered a much-anticipated rate cut of 25 basis points, taking the policy repo rate to 6.25%. The first rate c... Read More


Mint Explainer | RBI cuts repo rate: How it will benefit retail borrowers

Mumbai, Feb. 7 -- The Reserve Bank of India's (RBI) monetary policy committee on Friday delivered a much-anticipated rate cut of 25 basis points, taking the policy repo rate to 6.25%. The first rate c... Read More


Banks get breathing space as RBI defers key proposals to next year

Mumbai, Feb. 7 -- The Reserve Bank of India (RBI) has decided to defer certain regulations for banks, with governor Sanjay Malhotra saying that the regulator will give enough time and that it does not... Read More


Budget 2025: Credit cards, guarantee scheme at the centre of FM's loan push

Mumbai, Feb. 1 -- Finance minister Nirmala Sitharaman on Saturday announced a slew of measures to boost availability of credit to small businesses and street vendors through a guarantee scheme and cre... Read More


India's largest bank wants a closer look at all its branches

Mumbai, Jan. 31 -- India's largest bank is going high-tech in matters of surveillance by introducing a network to connect all its branches using artificial intelligence-enabled cameras, thermal imagin... Read More


Financial sector regulation must balance growth and stability: Economic Survey

Mumbai, Jan. 31 -- Rising consumer debt, increase in unsecured loans and a growing number of young investors make it necessary for regulations to balance growth and stability, according to the Economi... Read More


Bajaj Finance MD Rajeev Jain seeks to stay involved in shaping strategy as term nears end

Mumbai, Jan. 29 -- With his current term coming to an end in little over two months, Bajaj Finance Ltd's managing director Rajeev Jain plans to remain involved in shaping the strategy of the non-bank ... Read More


RBI takes control of Aviom India Housing's board on governance concerns

New Delhi, Jan. 27 -- The Reserve Bank of India (RBI) on Monday superseded the board of affordable housing financier Aviom India Housing Finance Pvt. Ltd, citing governance concerns and defaults in me... Read More


RBI's new bad debt settlement norms enthuse stressed asset buyers

New Delhi, Jan. 22 -- A central bank decision to ease the bad loan settlement process loans of up to Rs.1 crore by asset reconstruction companies has come as a relief for these firms scrambling to sec... Read More


RBI retains Tata Sons in upper-layer NBFC list for FY25

Mumbai, Jan. 17 -- The Reserve Bank of India (RBI) on Thursday retained Tata Sons --- the principal holding company of the Tata Group --- in its list of 15 upper-layer non-bank financiers for FY25, bu... Read More