by Team Small News | Apr 7, 2025 | Banking, RBI
The Reserve Bank of India (RBI) is set to review its monetary policy on April 9, which may lead to a rate cut. This could result in fixed deposit (FD) rates declining, reducing returns for new depositors. Currently, many banks are offering FD rates between 7% and... by Team Small News | Apr 7, 2025 | Banking, HDFC Bank, RBI
HDFC Bank has reduced its marginal cost of fund-based lending rate (MCLR) by 10 basis points across various tenures, effective Monday. The revised MCLR range now stands at 9.10-9.35%. The one-year MCLR, which is commonly used for pricing corporate loans, has decreased... by Team Small News | Apr 7, 2025 | Banking, RBI
The Reserve Bank of India (RBI) has launched a verified WhatsApp channel as part of its public awareness initiative, “RBI Kehta Hai” (RBI Says). The channel aims to provide essential financial information to people across various geographical locations,... by Team Small News | Apr 7, 2025 | Bank of Baroda, Banking, Central Bank of India, RBI
The Reserve Bank of India (RBI) is expected to lower its key interest rates by up to 25 basis points this week, driven by easing inflation and the need to boost economic growth. The Monetary Policy Committee (MPC) is set to convene on April 7, with an official...
by Team Small News | Apr 7, 2025 | Bank of Baroda, Banking, RBI, State Bank of India
The Reserve Bank of India (RBI) is set to hold its next Monetary Policy Committee (MPC) meeting from April 7-9, where it will review the current economic conditions and decide on policy rates. RBI Governor Sanjay Malhotra will announce the outcome on April 9 at 10 AM.... by Team Small News | Apr 6, 2025 | Banking, RBI
Revolut, a British fintech major, has received the final authorization from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPIs), including prepaid cards and digital wallets with Unified Payments Interface (UPI) integration. This authorization...