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The Reserve Bank of India (RBI) has flagged sharp ups and downs in gold prices. Banks are responding by lowering the loan-to-value (LTV) ratio from 70-75% to 60-65%, meaning borrowers get smaller loans for the same gold collateral to reduce default risks amid global uncertainties.
The World Bank approved $700 million financing for Pakistan on 20 Dec 2025 under the PRID-MPA initiative to enhance macroeconomic stability and public service delivery. Of this, $600 million supports federal programs while $100 million aids Sindh provincial efforts, with potential total funding up to $1.35 billion.
Bank of Japan hiked short-term rates to 0.75% from 0.5% – highest since 1995 – signalling more increases ahead to normalise policy after decades of near-zero rates. Confident in stable 2% inflation backed by wage growth, BOJ ends ultra-loose era amid deflation battle recovery. Unlike Fed and RBI cutting rates, Japan’s move strengthens yen, triggering unwind of popular yen carry trades and potentia
Following RBI’s 25 bps repo rate cut to 5.25% on 5 Dec 2025, major banks swiftly reduced lending rates. HDFC Bank cut MCLR to 8.30-8.55%, PNB dropped RLLR to 8.10%, Bank of Baroda to 7.90%, Indian Bank to 7.95%, Bank of India to 8.10%, and Bank of Maharashtra to 7.10% for home loans with waived processing fees. Floating-rate borrowers will see lower EMIs soon, easing monthly burdens amid falling i
Following the RBI’s repo rate cut to 5.25% on December 5, major banks like HDFC Bank, Punjab National Bank, Bank of Baroda, Indian Bank, Bank of India, and Bank of Maharashtra have lowered their lending rates for home and retail loans. This pass-through reduces EMIs for existing floating-rate borrowers or shortens loan tenures, depending on benchmarks like RLLR, RBLR, or MCLR, with changes effecti
பிஎஸ்பிடிஏ (BSBDA) என்று சுருக்கமாக அழைக்கப்படும் பேசிக் சேவிங் பேங்க் டெபாசிட் அக்கவுண்ட் (Basic Savings Bank Deposit Account) மற்றும் சேவிங் பேங்க் அக்கவுண்ட் வைத்திருப்பவர்களுக்கான புதிய விதிகள் 2026ஆம் ஆண்டு ஏப்ரல் 1ஆம் தேதி முதல் அமலுக்கு வருகின்றன | Every Bank Customers Need to Know This 7 Changes Before April 1 2026 What is Basic Savings Account
The Reserve Bank of India reduces the repo rate by 25 basis points, leading Punjab National Bank to cut its RLLR from 8.35% to 8.10%. This lowers home loan EMIs for borrowers across lenders, with the effective change aligning RLLR-linked mortgages to the central bank’s latest policy stance and influencing monthly repayment costs.
The Reserve Bank of India (RBI) has announced major customer-friendly updates for Basic Savings Bank Deposit (BSBD) or zero-balance accounts. Under the new rules, customers can make unlimited deposits each month, use ATM or debit cards without any renewal charges, and receive a free checkbook containing at least 25 pages every year. Additionally, BSBD account holders will have access to internet a
With the Reserve Bank of India (RBI) lowering the repo rate once again—down by 25 basis points to 5.25%—home loan borrowers may have reason to cheer. But for conservative savers who rely on fixed deposits (FDs) for steady income, this could be a signal to act fast.
The Reserve Bank of India’s Monetary Policy Committee (MPC) began its three-day meeting on Wednesday, with the rate-setting panel meeting today for the second day. RBI Governor Sanjay Malhotra, is scheduled to announce the outcome on Friday at 10 am.
