RBI Repo Rate Hike to 5.50%: What It Means for Your Home Loan, EMI & Borrowing Plans
The borrowing environment in India has changed again. On 7 October 2026, the Reserve Bank of India (RBI) increased the repo rate by 25 basis points, from 5.25% to 5.50%, the first repo rate hike in nearly four years. More importantly for borrowers, the RBI has shifted its policy stance from “neutral” to “calibrated tightening.” […]
Why Young People Are Buying Gadgets on EMI—Is It Really Worth It?
A new iPhone. A top-end laptop. A gaming console. A smartwatch. A washing machine. A television set…and so on. For numerous young people in India nowadays, buying a costly gadget does not imply paying the entire amount in advance. Gadgets on EMI have become increasingly popular because they allow consumers to spread a large purchase […]
Can AI Decide Whether You Get a Loan? The Future of Lending in India
Imagine this situation. Assume Rahul and Amit are both 32 years of age. They work in the same industry and earn ₹1 lakh in a month and are planning to take loans worth ₹70 lakh each. Both of them have a CIBIL score close to around 780.If the loan applications of the two are analyzed […]
Why do you need to secure an in-principle Home Loan Approval Before Purchasing a Home: A Lesson Every Buyer Should Learn
The Home Was Right. The loan was wrong. Rahul and Priya were searching for their ideal home for a year in Mumbai. Every weekend, they would check out sample flats, compare locations, see how big the place was, and so on. Then one day, they found the perfect apartment. It was a beautiful 2 BHK. […]
Bank of Maharashtra has Decreased its Home Loan Rate to 7.00%: Should You Shift Your Current Loan?
Home loans are contracts that can run anywhere from 15 to 30 years. Over time, loan rates and EMIs will change. With time, the EMIs may become much lower than what they seemed to be. The Bank of Maharashtra has now decreased its home loan interest rate to 7.00%. The lower rate should be appealing […]
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, […]