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After the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points last week, several major banks have moved to pass on the benefit to borrowers. Latest addition to the wave is the State Bank of India (SBI), which announced cuts across its lending rate benchmarks, in a move aimed at easing…
Home loan borrowers are set to get relief as several major banks have started cutting lending rates after the Reserve Bank of India lowered the repo rate by 25 basis points to 5.25% on December 5, 2025. Following the repo rate cut from 5.50%, lenders have moved to reduce MCLR-, RLLR- and RBLR-linked rates, paving…
Public sector banks (PSBs) have written off loans worth Rs 6.15 lakh crore over the last five-and-a-half years, with the exercise aimed at cleaning up balance-sheets rather than waiving borrower liabilities, Parliament was informed on Monday, PTI reported.“As per Reserve Bank of India (RBI) data, PSBs have written-off an aggregate loan amount of Rs 6,15,647…
State Bank of India’s mortgage loan book crossed the Rs 9 lakh crore mark in November, with strong traction in retail, agriculture and MSME (RAM) segments expected to drive overall credit growth to 14 per cent in the current financial year, Chairman C S Setty told PTI.The RAM portfolio, which accounts for about 67 per…
MUMBAI: The RBI delivered its first rate cut since June 2025 on Friday, lowering the repo rate by 25 basis points to 5.25%. The move is expected to soften home loan rates, which may fall to a record low.The RBI also raised the growth projection for FY26 to 7.3% from 6.8% while lowering the inflation…
With a 1.25% repo rate cut this calendar year, RBI has managed to put more money in your pocket. (AI image) Loan borrowers – whether home, car or personal, have been given an early New Year cheer by the Reserve Bank of India (RBI). The Monetary Policy Committee (MPC) has cut the repo rate by…
Actor Hareesh Kanaran’s accusation of a Rs 20 lakh unpaid loan against producer N.M. Badusha has been addressed by Badusha’s daughter, Shifa. She confirmed the loan was taken and will be repaid, stating the funds are currently tied up in film production. The alleged dispute between actor Hareesh Kanaran and producer-production controller N.M. Badusha has…
India’s gold loan market is gearing up for strong expansion, with non-bank lenders preparing to open around 3,000 dedicated branches over the next year to meet rising demand. The market, which is largely led by public-sector banks, grew 36% year-on-year to Rs 14.5 lakh crore by the end of September.According to sector heads quoted by…
With the RBI cutting the repo rate by 1% in this year, EMIs have come down too. (AI image) India’s retail inflation – also called the Consumer Price Index (CPI) inflation – hitting a record low of 0.25% in October may spell good news for the common man, not just in terms of a lower…
CHENNAI/MUMBAI: The GST rate cut is driving MSMEs to seek additional funding from banks for expansion. After the GST rejig, banks have seen a spike in enquiries for advances from the MSMEs. It comes amid lenders having moved closer to their annual targets for the MSME segment in the first half of the current fiscal….
