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Which are the banks that have cut FD rates of late? Take a look
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The approval, granted under the Payment and Settlement Systems Act, 2007, was communicated through an RBI letter dated April 15, 2025, the company said in a regulatory filing.
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For FY25, the company’s PAT rose 30.7 percent to Rs 2,508 crore, up from Rs 1,919 crore in FY24
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Value of New Business rises 6.4 percent to Rs 2,370 crore; total premium crosses Rs 48,950 crore
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In the January–March quarter, the RBI slashed the repo rate by 25 basis points in its February monetary policy, prompting banks to offer lower rates on maturing deposits and sacrifice deposit growth.
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Pankaj Gupta also says the company is set to significantly boost its ULIP portfolio, aiming to increase its exposure from 10 percent in FY25 to 25-50 percent by FY28.
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RBI said last week it would now permit market-determined securitisation of stressed assets, besides those loans where repayments were on track.
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The 10-year benchmark bond yield was down 3 basis points at 6.41%, while the three-year and five-year bond yields fell 5-6 bps to 6.12% and 6.17% respectively.
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Policybazaar data reveals over Rs 1-crore cover gaining traction among Gen z and Millennial entrepreneurs
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Gross direct premium underwritten crosses Rs 3.07 lakh crore, with standalone health insurers seeing a 15.99 percent annual growth
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With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 25 basis points to 8.25 per cent.
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The lender has also reduced interest rates by 25 bps across select existing retail loan products, including vehicle loan, personal loan, loan against property, education loan and Star reverse mortgage loan.
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This is not just about banks 'adjusting' to RBI’s recent 25 basis point repo rate cut, it’s a desperate bid to protect their thinning margins
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Although banks freeze thousands of these accounts every year, fraudsters quickly create new accounts using loopholes in the system.
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Reserve Bank said it is committed to achieving end-to-end digitization of all internal workflows involved in regulatory approval processes to enhance efficiency, transparency, and timeliness in service delivery
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According to Bloomberg data, the Indian currency was down 0.73 percent on April 11, from April 1, the biggest drop in Asia barring the Indonesian rupiah, which lost 1.40 percent over the same period.
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During an accommodative policy period, the central bank is willing to cut interest rates or maintain the status quo, if required, to support the economy. A rate hike is ruled out.
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Whether it’s a bank, a pharmaceutical firm or even a chocolate maker, people associated with an event that is allegedly dubious step aside or offer to do so to ensure a fair investigation of the matter. Why is that not happening yet at IndusInd Bank?
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The decision to cut rates is also supported by the current real interest rate scenario. With the repo rate at 6 per cent and inflation expected to be ~4%, the real interest rate is close to 2 per cent – providing sufficient room for further rate cuts.
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RBI also plans to revise instructions related to partial credit enhancement, fulfilling a key budget announcement made by FM earlier this year
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RBI’s monetary policy report on said the Indian rupee (INR) has faced downside pressure primarily because of US dollar appreciation. Moreover, persistent FPI outflows, increasing global economic uncertainty, and widening trade deficit added to the downward pressure on the rupee.
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The objectives behind the revised directions are to put in place a harmonized regulatory framework for such loans across banks, HFCs, NBFCs as well as cooperative banks. The RBI said it aims to address concerns over some of the lending practices being followed.
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Last year, Reserve Bank of India Innovation Hub (RBIH), a subsidiary of RBI, has developed an artificial intelligence and machine learning (AI/ML) model, MuleHunter AI, which helps banks and financial institutions detect mule accounts amid rising concern in the ecosystem around fraud enabled through these accounts.
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Banks borrowed Rs 6,012 crore on April 3 via VRR, Rs 12,419 crore on April 4, Rs 16,505 crore on April 7, Rs 23,515 crore on April 8, and Rs 19,295 crore on April 9
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Despite domestic strengths, the RBI’s Monetary Policy Report cautioned against external risks such as rising protectionist measures, geopolitical tensions, supply chain pressures, and volatile global financial conditions.
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India’s exports to the US are pegged at roughly 2 percent of its GDP, China's is 19 percent and Germany37 percent
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An investigation is underway and based on its findings, appropriate action will be taken and those responsible identified, RBI Deputy Guv Swaminathan Janakiraman has said
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According to the RBI's Sectoral Deployment of Bank Credit released on March 27 showed that credit extended to borrowers for loans against gold jewellery rose sharply in February 2025, coinciding with a record rise in gold prices, with gold loan portfolio at the end of the month rising by 87.4 percent as compared to a growth of 15.2 percent a year ago.
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This will be in addition to the existing asset reconstruction companies (ARCs) route under SARFAESI Act, RBI Governor Sanjay Malhotra said.
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Under the existing framework, co-lending is limited to partnerships between banks and NBFCs and exclusively focused on PSL categories
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The move is in line with a Moneycontrol poll of economists, treasury heads, and fund managers, which had predicted a 25 bps rate cut.
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According to a Moneycontrol poll of 21 economists, treasury heads and fund managers, the monetary policy committee will likely cut repo rate by 25 basis points
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Here’s a look at the numbers to understand which way the MPC will move
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At least 3 private banks have cut FD rates, SBI has stopped a popular special deposit scheme. What’s happening?
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RBI Monetary Policy Meeting April 2025 Date and Time: We at Moneycontrol will be running a live blog as well as livestream the event.
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Life insurers may see lower VNB margins, while general insurers may face weak profits due to high claims, analysts say.
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This projected uptick comes as the industry grapples with persistent under penetration challenges
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There is speculation among market participants that the RBI will cut repo rate by 25 bps in April policy, and b25 bps in June. But experts said that OIS rates are suggesting more than a 25 bps rate cut in April.
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The fund will be open for subscription till April 15 at an initial Net Asset Value of Rs 10
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However, sources say that Creation Investments, another stakeholder in Fusion, is hesitant to fully back the initiative.
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Since the tariff imposition, US bond yields have fallen by around 23 basis points (bps), Japan’s by 36 bps, China’s by 15 bps, the Eurozone’s by 29 bps, the UK’s by 24 bps, Canada’s by 4 bps, and France’s by 10 bps. In contrast, Indian bonds remained almost steady at 6.479 percent on April 7, as compared to 6.481 percent on April 2, which was before the US tariff imposition.
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While retail health insurance will remain the cornerstone of growth, competition will continue to challenge pricing and profitability, says analysts.
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A Moneycontrol poll of 21 economists, treasury heads, and fund managers showed that the RBI’s Monetary Policy Committee, during its first meeting in the financial year 2025-26, which began today, is expected to cut the repo rate by 25 basis points on April 9.
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The report, citing sources, added that the deal would value the private bank at $6.5-7 billion
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The rupee opened at 85.7450 against the dollar against a close of 85.2350 in the previous trading session
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Investors who spread their capital across diverse instruments were the ones who weathered the storm. As Trump tariffs tear apart global order and markets, FY25 may have some lessons to offer
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Retail deposits and deposits from small business customers stood at Rs 1.85 lakh crore as of March 31, 2025, down from Rs 1.88 lakh crore at the end of the previous quarter.
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The design of these notes is similar in all respects to the existing ₹10 and ₹500 banknotes in the Mahatma Gandhi (New) Series, the central bank said in a statement.
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IndusInd disclosed in March accounting discrepancies in its derivatives portfolio whose impact roughly equated to an entire quarter's profits and sparked the loss of about one-fourth of its market value.
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Its leadership is entirely due to the trust of policyholders, the company's commitment to excellence and its financial strength, LIC has said
