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
Last Updated:February 22, 2025, 09:48 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
In a major move, the Reserve Bank of India (RBI) on Friday issued draft guidelines on loan prepayment penalties, proposing to remove foreclosure charges on floating-rate loans for retail and micro, small and medium enterprises (MSME) borrowers. The loans granted for business purposes to individual borrowers will also be free of prepayment penalties.The changes will
As the liquidity in the banking system remains in the deficit of around Rs 2 lakh crore, the spread between government bonds and corporate bonds has widened to 50 basis points from 25 basis points. This has raised the cost of raising funds for banks and other financial institutions in the debt market, experts said.
The Reserve Bank of India (RBI) has introduced revised directives for the settlement of borrower dues with Asset Reconstruction Companies (ARCs), effective immediately. Announced on Monday, January 20, the rules aim to bolster transparency, accountability, and operational efficiency within the settlement procedures, as per the Securitisation and Reconstruction of Financial Assets and Enforcement of