Financial News

Home Loans Get Costlier : SBI Increases Interest Rates by 25 Basis Points
August 18, 2025

From August 1, 2025, SBI has increased its home loan interest rates by 25 basis points. The bottom rate holds at 7.50 per cent. At the top, the rate has moved to 8.70 per cent, above the earlier cap of 8.45 per cent. The change follows the Reserve Bank of…
SBI Slashes Lending and Deposit Rates After RBI's Jumbo Repo Cut
June 19, 2025

In a move reflecting the broader shift in monetary policy, the State Bank of India (SBI) has announced a reduction in its key lending and deposit rates. The revision follows the Reserve Bank of India’s (RBI) decision on June 6 to cut the repo rate by 50 basis points, bringing…
Repo Rate Slashed by 50 Points: Here’s What It Means for Borrowers
June 06, 2025

RBI Governor Sanjay Malhotra announced the third consecutive Repo Rate cut by the RBI on June 6, 2025. The rate now stands at 5.50% and will lower the overall cost of borrowing for regular Indian citizens. Since the February policy review, the RBI repo rate has been reduced by a…
RBI Slashes Repo Rate to 6% in April 2025 Amid Global Uncertainty
April 09, 2025

In a much-anticipated move, the Reserve Bank of India (RBI) announced a 25 basis point rate cut, bringing the key lending rate down from 6.25% to 6%. The decision, unveiled on 9 April 2025, marks the second consecutive reduction this year and reflects the central bank’s shift to an ‘accommodative’…
25 BPS Repo Rate Cut By RBI Announced in Latest MPC Meeting
February 07, 2025

The Reserve Bank of India (RBI) has announced a 25 basis point (bps) cut in the repo rate in its latest Monetary Policy Committee (MPC) meeting on Friday, 7th Feb 2025. The unanimously approved decision brings down the RBI repo rate from 6.50% to 6.25%, marking the first cut in…
Union Budget 2025: The Complete Recap
February 04, 2025

On 1st Feb 2025, Finance Minister Nirmala Sitharam introduced the Union Budget 2025 for the eighth consecutive time. The finance minister’s announcements were met with resounding thumps on the Parliament tables, from New Tax Slabs to a first-of-its-kind AI centre. The 2025 budget focused strongly on enhancing the purchasing power…
Mahila Samman Bachat Patra 2025 : How to Apply, Eligibility and Benefits
January 09, 2025

Union Finance Minister Nirmala Sitharaman presented the Union Budget for the 2024–25 fiscal year on Wednesday. She also announced a new programme on savings for women. The Mahila Samman Bachat Patra (महिला सम्मान बचत पत्र) allows Indian women to save Rs. 2.5 Lakh at a reasonable rate of 7.5% for…
Accessibility Like Never Before: PF Withdrawals From ATMs In 2025
December 13, 2024

Key Highlights EPFO subscribers can withdraw their Provident Fund (PF) directly from ATMs using dedicated withdrawal cards linked to their UAN, providing 24/7 access to faster and more convenient transactions. Withdrawals will be capped at 50% of the PF balance to ensure funds remain available for future needs. Multi-factor authentication,…
PAN Gets a Major Upgrade : PAN 2.0 is Approved
November 26, 2024

On 25 November 2024, the Union Cabinet, led by Prime Minister Narendra Modi, approved the ₹1,435 crore PAN 2.0 project to modernise the tax system. Over 78 crore PAN cards have been issued so far, with 98% belonging to individuals. This latest PAN 2.0 card news highlights the project's aim…
NPS Vatsalya Scheme : A New Pension Plan for Secure Family Futures
October 14, 2024

The National Pension System (NPS) Vatsalya scheme is a savings and pension plan designed specifically for minors. Managed by the Pension Fund Regulatory and Development Authority (PFRDA), this scheme allows parents or guardians to open an account for children under 18. With a minimum contribution of ₹1,000 per year and…