The RBI is understood to be considering launching a probe into the underwriting processes of IREDA and PFC after a SEBI investigation into Gensol Engineering revealed non-repayment of instalment dues on loans taken from them, sources said. Rating agencies too flagged non-repayment of loans, leading to the company being downgraded. In an interim order on
RBI Cuts Repo Rate By 25 Bps: Interest rates on home, personal, vehicle loans and deposit rates are set to come down in the coming days with the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee’s (MPC) decision to cut the repo rate – the key policy rate – by 25 basis points (bps) to
According to Reserve Bank of India data, investors have encashed just around half a tonne out of SGBs against 14.7 tonnes eligible for premature redemption, at a time gold prices are close to record levels. Market experts said investors are reluctant to redeem these bonds since they believe that the prices will hit the ₹1
Last Updated:March 15, 2025, 11:36 IST The gold bond shall be repayable on the expiration of eight years from the date of issue of the gold bonds (March 17, 2025, for the 2016-17 Series IV tranche). Introduced In November 2015, sovereign gold bonds are government securities denominated in grams of gold. The plans to close
Indian stock market: After moving in downward trajectory for three weeks, the Indian benchmarks made a strong comeback in the first week of March 2025. The indices closed in green, rising nearly 2 per cent on Friday, March 7. The Nifty settled at 22,552.50, while the Sensex closed at 74,332.58, marking a significant rebound. The
On Tuesday, the central bank reversed the increase in risk weight – or the capital that banks must set aside for every loan to cover for potential loss – on loans to NBFCs, in a move that’s expected to make it easier for banks to boost on-lending, which has been constrained by higher capital requirements.
The move, being mulled by the Union finance ministry with the help of the Reserve Bank of India (RBI), would also help the government nudge the industry towards its target of insurance for all by 2047, these people said on the condition of anonymity. For insurers, investing in these 50-year on-tap bonds would provide them
SGB premature redemption: The Reserve Bank of India (RBI) has listed the dates for premature redemption of Sovereign Gold Bonds (SGBs), covering the period from April to September 2025. This announcement, made on February 21, 2025, aims to assist investors intending to redeem their SGBs earlier than the full term. As per the Consolidated Procedural
The Reserve Bank of India (RBI) released draft norms for prepayment penalties on loans on Friday, February 21, where it proposed to scrap the foreclosure charges on floating-rate loans for retail and MSME borrowers. Once approved, this will apply to all floating-rate loans. The central bank added that the loans granted for business purposes to
Last Updated:February 22, 2025, 10:17 IST The Reserve Bank of India has invited public feedback on the draft rules by March 21, 2025, to eliminate foreclosure charges and prepayment penalties on floating rate loans. Once finalised, the RBI’s revised norms will be applicable to eligible loans or advances foreclosed on or after the date specified