Punjab National Bank (PNB) updated interest rates on its retail loan portfolio effective February 10, 2025, in response to evolving market dynamics for enhanced competitiveness. This development was outlined in a press release issued by the bank on February 20, 2025. The revised rates encompass a range of loan products including home loans, auto loans, … Read more
Mumbai: Finance minister Nirmala Sitharaman on Monday expressed concerns over the mis-selling of products, particularly insurance, stating that it adds to the customers’ borrowing costs. Speaking at the State Bank of India Economist Conclave, on whether there is a case for a policy rate cut, the FM said “banks’ interest rates will have to be … Read more
The PM-Vidyalaxmi scheme has been approved by the Union Cabinet to provide financial assistance to talented students pursuing higher education in public and private institutions. The initiative, announced on Wednesday, aims to offer education loans without the need for collateral or guarantors to students admitted to the top 860 Quality Higher Education Institutions (QHEIs) in … Read more