Investments

The fraud went undetected for years. It came to light when a customer visited the branch in February 2024 to inquire about their FD. Source

The CRR reduction, set to roll out in four 25-bps tranches from September through November, is expected to release ₹2.5 lakh crore into the banking system. For fixed income investors, particularly those in debt mutual funds, this pivot could unlock significant opportunities, especially in long-duration strategies. Source

However, regulated entities (REs) are permitted to extend loans against collateral in the form of gold jewellery, ornaments, and coins to meet the short-term financing needs of borrowers. The RBI noted that prudential and conduct-related regulations for such loans have been issued over time for various types of REs. Source

While standard health insurance policies typically include brain tumour treatments, gaps in coverage and high out-of-pocket expenses remain concerns. Source

Key factors to consider before making a property investment decision Source

Following the Reserve Bank of India’s decision to cut the repo rate by 50 basis points on Friday, June 6, several banks have reduced their lending rates to pass on the benefit to borrowers. The RBI’s Monetary Policy Committee, led by Governor Sanjay Malhotra, brought the key policy rate down from 6.00% to 5.50%, aiming…

According to transport department officials, many applicants use outdated photos during the licence application, which later causes identity verification issues. To address this, the department now offers an online update option. Source

RBI’s new gold loan rules: The revised rules apply to all commercial banks, NBFCs, cooperative banks, and housing finance companies. Source

In India, 24-karat gold was priced at ₹97,690 per 10 grams, while 22-karat gold stood at ₹89,550. The price of 18-karat gold was ₹73,270 an ounce, according to GoodReturns data. Source

DIGIPIN (Digital Postal Index Number) is a newly introduced geocoded system that divides the country into tiny grids measuring 4×4 meters. Source