Home, personal, and car loans tied to external benchmarks, such as the repo rate, will see an immediate downward reduction. However, loans tied to the marginal cost of funds-based lending rate (MCLR), like corporate exposures, will take longer to head…
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The ministry of statistics and programme implementation (MoSPI) will use the SBR to prepare business outlook/sentiment surveys, people aware of the details told ET.
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With the latest reduction, the RBI has now cut interest rates by a total of 100 basis points in 2025, starting with a quarter-point reduction in Feb – the first cut since May 2020 – and another similar-sized cut in…
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RBI Governor Sanjay Malhotra stated that IndusInd Bank is recovering well after facing challenges, including accounting lapses. He considers the MD and CEO’s resignation as sufficient accountability. The bank has addressed regulatory requirements and improved practices, with the RBI learning…
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Issued in partnership with HSBC, it is compliant with SEBI’s newly issued regulatory framework, which is designed to promote transparency, accountability, and alignment with international ESG standards.
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Decentro, a fintech startup, secured Rs 30 crore in funding led by InfoEdge Ventures. The company intends to move its base from Singapore to India. This move aligns with other Indian startups returning home. Decentro aims to enhance its products…
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