In a bold move to lighten borrowers’ financial burden, the Reserve Bank of India (RBI) is expected to allow another cut in the repo rate, thus making loans cheaper and reducing EMI payments for millions. A breather for homebuyers, businesses, and individuals depending on credit is much-needed. MPC Meeting With RBI: Expectations An MPC meeting … Read more
RBI Minimum Balance Rules: Bank account minimum balances are important in an important way in the avoidance of penalties or punishment and in keeping your account active. From this month, the Reserve Bank of India (RBI) has new rules concerning minimum balance maintenance, which protect a customer from unnecessary charges and make banking simpler. If … Read more
After a recent reduction of the repo rate of 25 basis points, effective from April 9, 2025, a spontaneous wave of interest rate cuts in the banking sector has come about, thereby granting some relief to borrowers. Two big banks (Indian Bank and Punjab National Bank) have hurried to benefit their customers by lowering their … Read more
Because of the financial hardships that prevent borrowers from repaying their loans, the reserve bank of India has promulgated strict guidance to safeguard them. These new rules prevent banks from harassing or exploiting customers, and thus are indeed a big step toward fair banking practice in India. Understanding The New RBI Loan Recovery Rules Once … Read more
From the point of view of ATMs, they have transformed our access to money in the sense that we can withdraw it anywhere without hassle. But, at times, these ATMs mess up due to technical problems or issues with cards, causing inconvenience to the customers. Have you ever found yourself in a position where your … Read more
And the famous Reserve Bank of India has always announced the 50 rupee note. The new note is going to come shortly, including the signature of the new Governor Sanjay Malhotra, who took charge in December 2024, succeeding Shaktikanta Das. New 50 Rupee Note The forthcoming 50 rupee note would continue with the same design … Read more
Today, loans have become one of the most important financial tools to satisfy the unmet needs in life-whether it is buying a house, funding one’s education, starting a business, or buying a car. But sometimes unexpected situations arise, and it becomes difficult for people to repay their EMIs on time. This initiates the recovery procedures … Read more
The Reserve Bank of India operates on the principles of updating periodic policies concerning the currency operations of the country. The latest policy from the RBI concerns an awful and sometimes harsh collection of rules that put the bank customer in a more difficult state of dealing with the banks on the exchange of torn … Read more