Silver as Collateral for Loans: India’s Big Lending Reform Coming in 2026
India is heading into a new era of secured lending. Starting April 2026, the Reserve Bank of India (RBI) will officially allow borrowers to pledge silver as collateral for loans, marking one of the most significant policy shifts in India’s retail lending space. Until now, only gold was accepted for quick, secured borrowing. But with […]
The Future of Banking: Why Collaboration with Fintech is Essential?
As the financial landscape evolves, traditional banks face the pressing need to adapt or risk becoming obsolete. Amitabh Chaudhry, CEO of Axis Bank, recently highlighted the crucial role that fintech partnerships play in this transformation. Speaking at the Global Fintech Fest, he emphasized that without collaboration, banks may miss out on invaluable technologies and services […]
RBI Advocates for direct Rupee-Dirham Settlements.
In a strategic move to bolster trade relations and reduce dependence on the US dollar, the Reserve Bank of India (RBI) is encouraging banks engaged with the United Arab Emirates (UAE) to explore direct settlements using the Indian rupee and the Emirati dirham. This initiative aims to streamline trade payments and enhance financial stability in […]
UPI Transactions Surge to ₹60 Trillion in 2024.
The digital payment landscape in India is witnessing an unprecedented transformation, with Unified Payments Interface (UPI) transactions soaring to new heights. According to recent reports from Pankaj Chaudhary ,Minister of State for Finance. UPI transactions for the first quarter of the fiscal year have jumped a remarkable 36% compared to the previous year, reaching an […]
RBI takes back all their restrictions on Bajaj Finance’s Insta EMI Card.
In a significant development for the lending sector, the Reserve Bank of India (RBI) has officially lifted restrictions on Bajaj Finance’s eCOM and Insta EMI Card services. This regulatory relief comes as a result of corrective actions implemented by Bajaj Finance following compliance issues flagged by the RBI in 2023. With the restrictions now removed, […]
Why is the Reserve Bank of India (RBI) asking banks/NBFCs to disclose loan fees upfront?
It is to significantly improve transparency in securing loans in the country that the Reserve Bank of India has recently asked banks/NBFCs to reveal complete information about the loan fees. Typically, by providing loan borrowers with a document called ‘Key Facts Statement’. As per the RBI, it should include all data on loan fees along […]
Great News for homebuyers! As RR rates remain unchanged
The revenue department of Maharashtra has decided to keep the Ready Reckoner or RR rates unchanged for the new financial year beginning in April. A move that is set to boost the real estate and home-buying market. In the last year, the registration department has achieved the target RR revenue of Rs 50,000 crore by […]
Why has the US Fed decided to keep interest rates unchanged & how has it affected the Indian economy?
Why has the US Fed decided to keep interest rates unchanged & how has it affected the Indian economy?In an attempt to deal with ‘Elevated’ inflation in the American economy, the US Federal Reserve has decided to keep the interest rates unchanged. This decision was taken at a recent Central Bank of America meeting, which […]
Indian Central Bank RBI Decides to Hold Rates in Line with US Federal Bank
Indian Central Bank RBI Decides to Hold Rates in Line with US Federal Bank RBI is supposed to hold loan fees after its financial arrangement panel’s meet finishes up on Feb 8. The global rates moving down faster has eased after the US Fed signalled that rate cuts are unlikely in March and the UK […]
HDFC Becomes 1st Bank To Hit 2 Crore Credit Cards Achievement
HDFC has crossed the magical number of two crore credit cards in force, the company said in a statement. With 9.6 crore cards issued by banks overall, the private lender holds 21% market share, according to RBI data. According to the bank, as of March 31, 2023, its proportion of spending will be 28.6%. Among […]