HDFC Bank cuts MCLR by 5 bps; EMI relief depends on loan type
HDFC Bank has reduced its MCLR by 5 basis points across six of seven loan tenures, effective August 7, 2026. The one-year MCLR fell from 8.45 per cent to 8.40 per cent,…
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RBI proposes new loan interest rate rules; stricter norms for banks, NBFCs
The Reserve Bank of India has released draft rules for a common framework on interest rates for all bank and NBFC loans. The new guidelines, proposed to take effect from April 1,…
Bank credit growth hits 17%, broadest in over a decade
Bank credit growth hit 17% by mid-July 2026, a rate not seen in two years, driven by lower lending rates, supportive tax policies and improved liquidity. Unlike the 2022-23 surge fuelled by…
Banks race to match NBFCs as gold loans surge 105%
Banks are beefing up gold loan operations with more appraisers, new testing gear and digital processing to challenge NBFCs that dominate the market. Union Bank of India now offers loans within 30…
Overnight money market volume drops to zero on weekend
The overnight money market segment recorded zero volume on August 8 and 9, the RBI data shows. On August 7, the overnight segment (call money, triparty repo, market repo and corporate bond…
20 stocks in focus: Signature Global, IndusInd Bank, pharma
The Hindu Business Line reports Signature Global awarded Rs 920 crore in construction contracts to KEC International and NCC for 11 towers at its Dwarka Expressway project. Work starts in Q3 FY27.…
Flat yield curve forces tax rethink for conservative investors
India's flat yield curve, with 3- to 10-year g-secs at 6.27-6.84% as of July 31, 2026, means longer-term bonds offer little extra compensation for duration risk. The RBI is expected to hold…
RBI climate data repository RB-CRIS set for rollout
The Reserve Bank of India is close to operationalising RB-CRIS, its climate data repository, with the physical risk module expected in two to three months, ETBFSI reports. Announced in October 2024 by…
Government clarifies UPI charges only for large merchant transactions
The government has clarified that UPI users will not be charged under a proposed Merchant Discount Rate (MDR), which will apply only to select merchant transactions above a certain threshold. Finance minister…
NRIs can keep PPF, but foreign citizens lose account
NRIs who opened a PPF account while resident in India can continue contributing to it until maturity, Livemint reports. They must maintain a minimum deposit of Rs 500 per year to keep…
