While a reduction in the repo rate was anticipated in the latest Monetary Policy Committee (MPC) meeting, the 50 basis point cut came as a surprise. From February 2023 to February 2025, the repo rate remained unchanged at 6.5%. Since then, the Reserve Bank of India (RBI) has reduced the rate by a total of…
RBI’s new rules for gold loans allow people to avail loan on up to 85% of gold value | Lenders to give certificate for collateral | Inshorts Inshorts Muthoot Finance, Manappuram shares jump up to 8% on RBI Governor remarks on Gold loans CNBC TV18 RBI eases gold loan ‘value’ norms for small borrowers Times of India RBI…
State Bank of India (SBI) has taken a significant step to help students achieve their dreams of studying abroad. The bank recently increased the limit for collateral-free education loans for higher studies overseas. SBI’s collateral-free education loan for studying abroad: With flexible repayment terms and coverage for major expenses, this scheme reduces financial hurdles and…
