Tag: RBI
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RBI Initiatives to Enhance MSME Export Finance: MoS Finance Highlights
New Delhi, Dec 8 (KNN) Minister of State for Finance Pankaj Chaudhary on Monday detailed export credit availability and initiatives to ease trade finance constraints for MSME exporters. Regulatory Measures In a written reply to a question in Lok Sabha, the Minister said that the Reserve Bank of India (RBI) has introduced several measures, including…
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Fino Secures ‘In-Principle’ Approval from RBI to Transition to India’s First Small Finance Bank
Mumbai, December 08, 2025: Fino Payments Bank Limited (“Fino” or “the Bank”) today announced that it has received the Reserve Bank of India’s (“RBI”) ‘In-principle’ approval to convert into a Small Finance Bank (“SFB”) — marking a significant step in the Bank’s long-term vision to become India’s most trusted, digital-led bank. The ‘In-principle’ approval also…
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Bank of Maharashtra Reduces Retail Loan Rates Following RBI Repo Rate Cut
Public sector lender Bank of Maharashtra (BoM) has reduced interest rates on a range of retail loans by 25 basis points, aligning its pricing with the Reserve Bank of India’s latest policy easing. The revised rates came into effect on Saturday. Following the cut, home loan rates now start at 7.10%, while car loans begin…
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Impact of RBI Repo Rate Cut: PNB Reduces Home Loan Rate to 8.10% – Will Your EMI Decrease?
Last Updated:December 07, 2025, 15:18 IST Punjab National Bank cut its Repo Linked Lending Rate to 8.10 percent after RBI reduced the repo rate to 5.25 percent. Indian Bank and Bank of India also lowered home loan rates. PNB Home Loan Rate 2025 RBI Repo Rate Cut Impact: State-owned Punjab National Bank on Saturday (December…
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Fino Payments Bank Receives RBI Approval to Transition into Small Finance Bank
New Delhi, Dec 6 (KNN) The Reserve Bank of India (RBI) has granted ‘in-principle’ approval to Fino Payments Bank for its conversion into a Small Finance Bank (SFB). As per RBI guidelines, existing Payments Banks which have completed five years of operations are eligible for conversion into SFBs. The central bank said Fino Payments Bank’s…
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Bajaj Finance Rises 1.72% Amidst Housing Finance Setbacks Despite RBI Rate Cut
Bajaj Finance shares climbed 1.72 per cent to close at ₹1,046.80 on Friday, December 5, as the RBI’s 25 basis points repo rate cut to 5.25 per cent lifted sentiment across rate-sensitive sectors. However, its subsidiary Bajaj Housing Finance continued its decline, falling 0.69 per cent to ₹95.65, hovering near its 52-week low of ₹95…
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Fino Payments Bank Receives RBI Approval to Become a Small Finance Bank
New Delhi, Dec 6 (KNN) The Reserve Bank of India (RBI) has granted ‘in-principle’ approval to Fino Payments Bank for its conversion into a Small Finance Bank (SFB). As per RBI guidelines, existing Payments Banks which have completed five years of operations are eligible for conversion into SFBs. The central bank said Fino Payments Bank’s…
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Indian Bank Reduces Lending Rates After RBI Cuts Repo Rate to 5.25%
Last Updated:December 06, 2025, 15:13 IST Indian Bank cuts Repo Linked Benchmark Lending Rate to 7.95 percent after RBI reduces repo rate to 5.25 percent. Indian Bank cuts lending rate Repo Rate Cut Impact: In tune with the Reserve Bank of India’s (RBI) announcement cutting the repo rate by 25 basis points, from 5.50% to…
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RBI Approves Fino Payments Bank’s Transition to Small Finance Bank
Notably, Fino Payments Bank is targeting a profit after tax of Rs 100 crore in the current financial year, according to Chief Executive Officer Rishi Gupta. He had stated that the conversion into a SFB will enable greater control over its product offerings and drive further growth. “We are working on some renegotiation, working on…
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RBI Repo Rate Cut: Final Opportunity for Investors as FD Returns Decline
Last Updated:December 06, 2025, 12:06 IST RBI cuts repo rate to 5.25 percent, prompting banks like SBI, HDFC Bank, ICICI Bank, and Bandhan Bank to lower FD rates soon. Fixed Deposit Interest Rates Latest FD Rate Comparison: As the Reserve Bank of India (RBI) has lowered its key benchmark lending repo rate by 25 basis…