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Mumbai: The Indian financial services sector emerged as the top-performing space in the first half of 2025, as the Nifty Financial Services Index rose nearly 15.5 per cent year-to-date (YTD), according to latest data from Nifty on Friday. This strong rally outpaced other sectoral indices and reflected growing investor confidence in the sector's strength and improving economic conditions.On Friday, the index hit an all-time high of 27,305.6 during intra-day trading, marking an approximately 22.1 ...Read More >
Mumbai, June 27 (SocialNews.XYZ) The Indian financial services sector emerged as the top-performing space in the first half of 2025, as the Nifty Financial Services Index rose nearly 15.5 per cent year-to-date (YTD), according to latest data from Nifty on Friday. This strong rally outpaced other sectoral indices and reflected growing investor confidence in the sector's strength and improving economic conditions. On Friday, the index hit an all-time high of 27,305.6 during intra-day trading, ma ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were act ...Read More >
Bijnor: In a tragic incident that exposes the growing crisis of rural indebtedness in Uttar Pradesh, a family of four in Bijnor's Noorpur area consumed poison after being overwhelmed by mounting debt and pressure from moneylenders. The mother and elder daughter died on the spot, while the father and younger daughter are battling for their lives at a higher medical centre. The incident took place in Tendra village, where Pukhraj, a marginal farmer, had reportedly taken loans from local moneylend ...Read More >
Ahmedabad, June 8 (SocialNews.XYZ) With Ankur Bhattacharjee, Quadri Aruna, and Adriana Diaz all winning their singles rubbers, Kolkata ThunderBlades beat reigning champions Dempo Goa Challengers 9-6 in the Ultimate Table Tennis (UTT) Season 6 on Sunday. Kolkata's victory saw them move into the playoff spots, occupying fourth with 29 points. Goa, with six more game wins on the board, moved level on points with leaders Jaipur Patriots and U Mumba TT. The tie opened with a gripping clash between ...Read More >
New Delhi [India], June 8 (ANI): An FIR has been filed against HDFC Bank's MD and CEO by a certain Mehta family that defaulted on a bank loan provided back in 1995. The private lender informed stock exchanges on Sunday evening, as it vowed to continue all lawful remedies to recover the dues from the defaulter. In 2001, Splendour Gems Limited, owned by the Mehta family, defaulted on loan facilities granted in 1995 by HDFC Bank along with the other consortium banks, the HDFC Bank informed stock e ...Read More >
New Delhi [India], June 8 (ANI): An FIR has been filed against HDFC Bank's MD and CEO by a certain Mehta family that defaulted on a bank loan provided back in 1995. The private lender informed stock exchanges on Sunday evening, as it vowed to continue all lawful remedies to recover the dues from the defaulter. In 2001, Splendour Gems Limited, owned by the Mehta family, defaulted on loan facilities granted in 1995 by HDFC Bank along with the other consortium banks, the HDFC Bank informed stock e ...Read More >
New Delhi, June 7 (SocialNews.XYZ) The Reserve Bank of India (RBI) has chosen to frontload its rate cuts, turning to support growth amid benign inflation prospects, according to a Crisil report, which expects one more repo rate cut this fiscal (FY26), and a pause after that. The global ratings agency also expects India's GDP at 6.5 per cent this fiscal, with risks on the downside due to US tariff hikes. Crisol listed some factors which are expected to help domestic growth hold up against globa ...Read More >
New Delhi: The Reserve Bank of India (RBI) has chosen to frontload its rate cuts, turning to support growth amid benign inflation prospects, according to a Crisil report, which expects one more repo rate cut this fiscal (FY26), and a pause after that. The global ratings agency also expects India's GDP at 6.5 per cent this fiscal, with risks on the downside due to US tariff hikes. Crisol listed some factors which are expected to help domestic growth hold up against global tariff risks. "Positi ...Read More >
New Delhi [India], June 7 (ANI): Sectors such as banking, NBFCs, real estate, and automobiles are expected to be the key beneficiaries of the current easing interest rate environment, according to a report by Nexedge Research. The report mentioned that with borrowing costs on a downward trend, these rate-sensitive segments are likely to witness stronger credit flow, lower financing costs, and improved demand conditions. It said, 'Banking, NBFCs, real estate, and automobiles are well positioned ...Read More >
India's International Train Links: These 5 Indian Stations Connect You To Another Country By Train Kerala Lottery Results Saturday 07-06-2025 LIVE: The Kerala Lottery Department, on behalf of the state government, will announce the results for the Karunya KR-709 draw today, June 07, 2025. The lucky draw will take place at Gorky Bhavan, near Bakery Junction in Thiruvananthapuram. This week's Karunya KR-709 lottery includes 12 series, with the series being subject to change each week. A total of ...Read More >
New Delhi [India], June 7 (ANI): Sectors such as banking, NBFCs, real estate, and automobiles are expected to be the key beneficiaries of the current easing interest rate environment, according to a report by Nexedge Research. The report mentioned that with borrowing costs on a downward trend, these rate-sensitive segments are likely to witness stronger credit flow, lower financing costs, and improved demand conditions. It said, 'Banking, NBFCs, real estate, and automobiles are well positioned ...Read More >
ITANAGAR, 6 Jun: More than 200 people without valid inner line permits (ILP) were externed from the Itanagar Capital Region on Friday, a senior police officer said. The violators were detected during an enforcement drive conducted by the Naharlagun police across Papu Hills, Naharlagun, Nirjuli, and Banderdewa, as part of the ongoing initiative to uphold the Bengal Eastern Frontier Regulation. Naharlagun Superintendent of Police (SP) Mihin Gambo said that all 219 individuals were found without ...Read More >
MUMBAI: RBI on Friday issued revised norms for loans backed by gold and silver, aimed at widening credit access for small borrowers and standardising regulations across banks and NBFCs. The new rules will come into force from April 1, 2026.Under the revised framework, loan-to-value (LTV) ratio for smaller consumption loans has been increased. Borrowers can now avail loans up to Rs 2.5 lakh with an LTV of 85%, up from 75%. For loans above Rs 2.5 lakh and up to Rs 5 lakh, the LTV is capped at 80%, ...Read More >
Nagpur: Warrior king Chhatrapati Shivaji Maharaj belonged to the entire country, but British history tried to confine him as a regional icon, said BJP leader and Rajya Sabha MP Sudhanshu Trivedi, who was in Nagpur on Friday to attend an event marking the 351st anniversary of Shivaji Maharaj's coronation. Trivedi told TOI at the event organized by Shivaji Maharaj Kruti Samiti that Shivaji Maharaj's contribution in 'safeguarding' the southern part of India from Mughal invasion must not be forgotte ...Read More >
MUMBAI: Borrowing costs at India's two most rate-sensitive sectors - property and automobiles - are set to head South soon after the central bank Friday made its steepest rate cut since March 2020 and promised ample liquidity in the shape of the lowest cash reserve ratio (CRR) on record. The Nifty Realty index surged nearly 5%, even dwarfing gains for financial stocks, reflecting the likely impact of the big-bang policy moves on home purchases. Home, personal, and car loans tied to external ben ...Read More >
MUMBAI: The Equated monthly instalments (EMIs) on your home, car, education and business loan is set to reduce further as the rate setting panel of the Reserve Bank of India (RBI) on Friday cut the benchmark repo rate by 50 basis points to 5.5 per cent. Repo rate is the rate at which the central bank lends short term money to commercial banks. A lower repo rate means banks can borrow funds at a lower cost from the central bank and are expected to pass on the lower cost to the borrowers. With thi ...Read More >
Mumbai, Jun 6 (PTI) The RBI on Friday raised the loan-to-value (LTV) ratio for lending against gold to 85 per cent for borrowings under Rs 2.5 lakh from the present 75 per cent, and spelt out other conditions with an aim to regulate the category in a better way with minimum risk. The LTV ratio has been fixed at 80 per cent for loan amounts between Rs 2.5 lakh and Rs 5 lakh and 75 per cent for loans above Rs 5 lakh, said the Reserve Bank of India (Lending Against Gold and Silver Collateral) Dire ...Read More >
Mumbai: The Reserve Bank of India (RBI) will ease key provisions in its proposed gold loan framework -- raising the loan-to-value (LTV) ratio and exempting small-ticket borrowers from credit appraisals -- after feedback from non-banking financial companies (NBFCs), cooperative banks, and government departments, governor Sanjay Malhotra said on Friday. Aimed at improving access to formal credit for rural and semi-urban borrowers, the new rules will exempt gold loans up to ₹2.5 lakh from credit a ...Read More >
Pune (Maharashtra) [India], June 6: Bajaj Markets simplifies access to personal loans from multiple financial partners, and facilitates the funding for diverse needs, including travel, wedding expenditures, and medical emergencies. Users can easily compare vital loan specifics like interest rates, available loan amounts, and repayment tenures, and select those that align with their specific requirements and preferences. Also Read | Arietids Meteor Shower 2025 Peaks on June 7: Why Is It Known As ...Read More >
Mumbai: The Reserve Bank of India (RBI) has cut the repo rate for the third time in 2025. This time, the cut is big -- 50 basis points. Now the repo rate is down to 5.5 per cent. The repo rate is the rate at which RBI lends money to banks. When RBI lowers this rate, banks also reduce the interest on loans. So, home loans, car loans, and personal loans may become cheaper. This is great news for people who want to take a loan. Their loan EMIs will be lower, and they will save money. But this ne ...Read More >
New Delhi, June 6 (SocialNews.XYZ) The jumbo 50 bps rate cut by the Reserve Bank of India (RBI) will directly benefit home loan borrowers, especially existing ones, by reducing their interest burden, experts said on Friday. The decision comes at a pivotal time, as India, now the world's fourth-largest economy, is witnessing strong real estate momentum across metros as well as tier 2 and 3 cities. "Lower lending rates will directly enhance home loan affordability, particularly in interest-sensi ...Read More >
Mumbai, June 6: RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the lower RBI band of 4 per cent. The RBI Governor also announced a 100 basis points CRR cut, effective in four equal tranches of 25 basis points starting from September 6, October 4, November 1 and November 29. The step is expected to inject Rs 2.5 lakh crore into the banking system, boosting ...Read More >
Mumbai, June 6 (SocialNews.XYZ) RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the lower RBI band of 4 per cent. A lower policy rate leads to a decline in interest rate on bank loans which makes borrowing easier for consumers as well as businesses resulting in higher consumption and investments in the economy leading to higher growth. However, the effec ...Read More >
NEW DELHI: EET Fuels, the trading name of Essar Oil (UK, has secured fresh round of funding of $350 million through a combination of a new bank financing and upsizing of existing trade credit, the company said on Tuesday. The new facilities secured consists of a $150 million facility with African Export-Import Bank (Afreximbank), the Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. Upsizing of the previously reported $300 million tra ...Read More >
New Delhi, Jan 14 (PTI) EET Fuel, the trading name of Essar Oil (UK) Ltd, on Tuesday announced securing USD 350 million finance as investors reposed confidence in its decarbonisation strategy and market positioning. The firm secured USD 350 million through a combination of new financing by African Export-Import Bank (Afreximbank) and upsizing extension of existing crude facility, it said in a statement. Also Read | What Are QR Code Scams? How Can You Spot Fake QR Code and Be Safe From Scammers ...Read More >
New Delhi, Jan 14 (PTI) EET Fuel, the trading name of Essar Oil (UK) Ltd, on Tuesday announced securing USD 350 million finance as investors reposed confidence in its decarbonisation strategy and market positioning. The firm secured USD 350 million through a combination of new financing by African Export-Import Bank (Afreximbank) and upsizing extension of existing crude facility, it said in a statement. EET Fuels, which owns and operates the UK's Stanlow refinery, is investing USD 1.2 billion ...Read More >
Mumbai, Jan 8 (VOICE) Securitisation volume surged by around 27 per cent year-on-year to Rs 1.78 lakh crore in the first nine months of the current financial year, supported by large issuances from private sector banks, according to a CRISIL report released on Wednesday.Among asset classes, vehicle loans (including commercial vehicles and two-wheelers) accounted for 48 per cent of securitisation volume (vs 40 per cent in the corresponding period in the last financial year). In the third quarter ...Read More >
Asset quality metrics are weakening in the past few quarters in some segments. This has necessitated a recalibration of growth strategies, especially in unsecured loans and microfinance Unsecured loans given by Non Banking Finance Companies (NBFCs) and credit to microfinance segments, accounting for 23% of the overall NBFC Asset Under Management (AUM) are expected to be impacted the most in the current and next fiscals according to CRISIL Ratings' outlook on the sector. Krishnan Sitaraman, Chie ...Read More >
New Delhi [India], December 2: Repaying an Education Loan requires careful planning to avoid financial stress later on. Many students today take out loans to fund their higher studies, both in India and abroad, thanks to attractive interest rates and easy application processes. However, managing repayment is key to staying on top of your finances. In this guide, we'll explore effective ways to plan and manage your Education Loan repayment. Here's how you can manage your education loan repayment ...Read More >
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