Canara Bank has made a small change to its lending rates. The bank informed the stock exchanges that its Marginal Cost of Funds Based Lending Rate (MCLR) has been revised. The new rates are effective from February 12, 2026. MCLR is the minimum interest rate below which a bank cannot lend. It was introduced by … Read more
Have you ever visited a bank for a simple task and later discovered you were signed up for an insurance policy or investment product you never really wanted? You’re not alone. Now, the Reserve Bank of India (RBI) is stepping in with new draft guidelines that could completely change how banks sell financial products. If … Read more
The Reserve Bank of India has proposed stricter rules for banks and financial institutions that use agents to recover loans. These draft guidelines were announced after RBI Governor Sanjay Malhotra spoke about the issue during the monetary policy review on February 6. The central bank now wants to ensure that borrowers are treated fairly and … Read more
The Reserve Bank of India (RBI) has proposed stronger rules to prevent the mis-selling of financial products by banks. The central bank has suggested that bank employees should not receive incentives from outside companies for selling insurance, mutual funds, or other third-party products. According to the draft guidelines, marketing and sales staff will not get … Read more
In a major push for the cooperative banking sector, the Reserve Bank of India (RBI), along with the central government, has announced a fresh set of reforms. The goal is clear — make cooperative banks stronger, more reliable, and more digitally connected. These steps are expected to improve credit flow, boost depositor confidence, and expand … Read more
India’s largest bank, State Bank of India (SBI), has warned its customers that banking services may be disrupted on February 12 due to a nationwide bank strike. According to Reuters and other news agencies, major banks such as SBI and IDBI have received official strike notices from bank unions. Although the Reserve Bank of India … Read more
Bank of Baroda (BoB) has announced a reduction in car loan interest rates, effective immediately. The bank has lowered rates by 30 basis points, making car loans more affordable for buyers. The floating interest rate now starts at 7.60% per annum, down from 7.90%, while the fixed interest rate begins at 8.50% per annum. These … Read more
Punjab National Bank (PNB) is one of India’s leading public sector banks. Like other government banks, it offers safe and reliable fixed deposit (FD) options with assured returns. Recently, after the RBI reduced the repo rate by 1.25%, many banks revised their FD interest rates. Punjab National Bank has also updated its rates. Even after … Read more
India is set to change the way banks pay for deposit insurance. Instead of the old flat-rate system, the Reserve Bank of India (RBI) will now determine premiums based on each bank’s risk profile. The goal is simple: banks that manage risks well will pay less. Starting April 1, this new system will be implemented … Read more
Fixed deposits remain one of the safest and most preferred investment options for senior citizens. With interest rates changing from time to time, many retirees are closely tracking FD returns. Recently, the RBI kept the repo rate unchanged at 5.25%, which means banks are not expected to cut FD rates immediately. However, since the repo … Read more
The Reserve Bank of India (RBI) has announced its latest policy decision after the Monetary Policy Committee (MPC) meeting. The RBI Governor confirmed that the repo rate will remain unchanged at 5.25 percent. Last year, the RBI had reduced the repo rate by 1.25 percent. While this made loans cheaper, fixed deposit (FD) interest rates … Read more