In a borrower-friendly move, both Punjab National Bank (PNB) and Bank of India (BoI) have reduced their MCLR (Marginal Cost of Funds–based Lending Rates) for September 2025. PNB lowered its MCLR by up to 15 basis points, and BoI trimmed rates between 5 to 15 basis points across various tenures (excluding overnight). These changes took […]
Detailed Explanation: Cheque Clearance Time in India (Effective October 2025) 1. Current Process (Before October 2025) 2. Major Reform Rolls Out from October 4, 2025 Phase 1 (Oct 4, 2025 – Jan 2, 2026): Phase 2 (From Jan 3, 2026): 3. Benefits of the New System (‘Forget the waiting time—October onward…’)
Fixed Deposits (FDs) continue to be one of the safest and most popular investment options in India. While large commercial banks generally offer FD interest rates ranging between 5% to 6.5%, Small Finance Banks (SFBs) have emerged as an attractive alternative, providing higher returns of up to 7.77%. If you’re looking for stable growth with
India’s Finance Ministry has emphasized the need to sustain an 8% annual growth rate for the coming decade to buffer against geopolitical challenges and meet its 2047 development goals. Currently, the FY2025–26 growth projection sits at 6.3%–6.8%, down from 9.2% in FY2023–24.To bridge this gap, the strategy includes boosting the investment-to-GDP ratio from 31% to
India-specific game plan for September 2025 (IST). I’ve pulled the key deadlines and policy changes that actually affect money in/out, plus what to do and what to watch out for. 1) ITR Filing — Extended last date: 15 Sep 2025 2) Advance Tax — 2nd instalment due 15 Sep 2025 3) UPS (Unified Pension Scheme)
The global trade community is holding its breath as former U.S. President Donald Trump’s controversial tariffs face a final legal test at the U.S. Supreme Court. A recent appeals court ruling declared that most of these tariffs were imposed illegally, setting the stage for a landmark decision that could reshape international trade and impact economies
The financial sector continues to witness significant developments across credit cards, banking, and corporate social responsibility (CSR) initiatives. From new product launches to updated rules and impactful CSR programs, here’s a roundup of the latest highlights shaping the industry. Credit Cards: Innovation & Rule Changes These changes highlight a shift towards premium product focus while
August 2025 has seen a vibrant burst of activity in India’s equity markets with forty companies launching IPOs across both mainboard and SME platforms. This wave of listings reflects strong investor appetite and ample liquidity in the market. Standout among the offerings is Tata Capital, which is attracting considerable investor interest even before its launch.
A recent Barclays report has sounded the alarm that as much as 70% of India’s exports to the United States are now under serious risk due to a newly imposed 50% tariff. The move, which came into effect on August 27, 2025, is expected to significantly disrupt key sectors such as textiles, gems, and machinery,
The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched on 28th August 2014, has completed 11 years of empowering financial inclusion in India. Over the last decade, the scheme has transformed the nation’s banking system, ensuring that every household has access to affordable financial services. PMJDY 2025 – Key Milestones In its 11th year, PMJDY has
