In light of rising inflation and falling demand, the Reserve Bank of India (RBI) has revealed its monetary policy today. While the RBI has decided not to cut interest rates, it has lowered India’s GDP growth forecast for the financial year 2025 from 7.2% to 6.6%. GDP Growth Decline This revision comes after India’s GDP … Read more
The Reserve Bank of India (RBI) has taken a major step by allowing Small Finance Banks (SFBs) to offer credit lines to their customers. This decision will help provide easy and affordable loans to underprivileged groups, including small businesses, micro-entrepreneurs, and individuals in rural and semi-urban areas. The new system, known as the pre-approved credit … Read more
In December 2024, several big banks such as Axis Bank, SBI, YES Bank, and AU Small Finance Bank have updated the terms and conditions related to their credit cards. These changes will directly affect cardholders. Let’s take a look at the major changes from these banks. AU Small Finance Bank Credit Card Updates Reward Points … Read more
Indian Bank is offering an excellent chance for its customers to earn attractive returns through a special fixed deposit (FD) scheme. As per the bank’s official website, this scheme is set to end on 30 November 2024 and offers an interest rate of 8.05%. If you want to take advantage of this opportunity, today is … Read more
IndusInd Bank has announced new Fixed Deposit (FD) interest rates, providing a great opportunity for customers to invest. The bank has revised the FD interest rates, especially for those planning to invest for periods ranging from 1 year and 5 months to 1 year and 6 months, where the bank is offering the highest interest. … Read more
The Reserve Bank of India (RBI) announces a list of bank holidays each month. For December 2024, there are 17 bank holidays in total. These include weekly holidays, second and fourth Saturdays, and various festivals. The RBI has posted this list on its official website. Weekly Holidays and Major Festival Closures December has five Sundays, … Read more
Axis Bank, the country’s third-largest private sector bank, will implement changes to its credit card charges starting December 20, 2024. Customers have been notified about these updates, which include new redemption fees, revised interest rates, and additional transaction charges. New Redemption Fees for EDGE Rewards and Miles Axis Bank is introducing redemption fees for its … Read more
ICICI Prudential Mutual Fund has introduced a new investment option called the ICICI Prudential Equity Minimum Variance Fund. This open-ended equity scheme focuses on a minimum variance strategy to reduce volatility while aiming for long-term capital growth. Fund Objectives The primary goal of this fund is to generate long-term capital growth by investing in equity … Read more
Bank of Baroda has revised the interest rates for its fixed deposits. The interest rates for domestic bulk FDs, ranging from Rs 3 crore to Rs 10 crore, have been reduced. The bank has also changed the interest rates for NRO and NER deposits, ranging from Rs 10 crore to Rs 1000 crore. New FD … Read more
ICICI Bank is one of the most popular private banks in India, and many people use their credit cards. If you have an ICICI Bank credit card, some important rule changes are coming soon. Starting from November 15, 2024, the bank will introduce several new rules. Here’s a look at the changes and how they … Read more
The Reserve Bank of India (RBI) has introduced new rules regarding credit scores, which aim to address many complaints people had about the system. These changes will make it easier for you to access loans and ensure your credit score remains safe. The RBI’s goal is to create a more transparent and efficient credit score … Read more