Investments

On the international front, spot gold rose 0.5% to $3,368.49 an ounce by 03:40 GMT, putting the metal on track for a weekly gain of 2.5% an ounce. Source

The RBI’s latest 50 bps repo rate cut, coupled with a CRR reduction, promises cheaper home loans and improved liquidity. But how quickly banks pass on the benefit will determine the real impact on borrowers and housing demand. Source

Banks typically respond to rate cuts by revising deposit rates downward, especially when liquidity conditions improve. Since the beginning of the year, many banks have already lowered FD rates following two previous repo cuts. Source

RBI’s new gold loan rules: The central bank will raise the Loan-to-Value (LTV) ratio to 85% from the existing 75% for gold loans of up to ₹2.5 lakh per borrower, including interest. Source

According to people familiar with the matter, IRDAI has proposed an average increase of 18% in TP premiums, with a steeper hike of 20–25% suggested for at least one category of vehicles. The ministry is expected to take a final decision on the matter within the next 2–3 weeks, sources added. Source

This marks the insurer’s 23rd consecutive annual bonus. The total cumulative bonus declared since inception now stands at ₹15,847 crore. Source

The app will support key UPI services such as peer-to-peer transfers, offline QR payments, and receiving funds via mobile numbers or self-generated QR codes. Source

Form 16 is a vital TDS certificate issued by employers. It has two parts. Part A includes employer and employee details, PAN, TAN, and a summary of tax deducted. Source

Several insurers, including Niva Bupa, Care Health, ABHI, and Star Health, now accept higher HbA1c levels for individuals with well-managed Type 2 diabetes. Source

According to the bank, the downtime is scheduled between 2:30 am and 6:30 am (IST). Source