3:10 PM
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Following the RBI's repo rate cut, State Bank of India has slashed its lending rates, including MCLR, EBLR, and RLLR, effective December 15th. This move aims to lower borrowing costs and EMIs for both retail and corporate clients. The bank also revised its BPLR and base rates, offering significant relief to borrowers.
1:10 PM
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SBI has reduced interest rates on specific deposits and lending benchmarks following a 25 basis points repo rate cut. The bank adjusted deposit rates to maintain its net interest margin, with changes affecting 444-day deposits and those between two to three years. This move occurs as bank credit growth outpaces deposit expansion.
12:10 PM
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Haryana has launched its most ambitious environmental initiative, the 'Haryana Clean Air Project for Sustainable Development,' in collaboration with the World Bank, with a Rs 3,600 crore corpus. This project aims to significantly improve air quality over five years through sweeping interventions, including industrial upgrades, e-bus procurement, and enhanced monitoring infrastructure.
5:10 AM
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10:10 AM
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The Indian rupee hit a record low of 90.52 against the US dollar on Friday, extending its sharp decline this year. This weakness is attributed to a widening trade deficit, strong corporate dollar demand, and US tariffs. The Reserve Bank of India has intervened to stabilize the currency, which has lost over 5% this year.
8:10 AM
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Stock market recommendations: Bajaj Broking Research highlights Eternal and Divi's Laboratories as top stock picks for December 12, 2025. Nifty is expected to trade between 25,700-26,200, while Bank Nifty may consolidate in the 58,500-60,100 range.
7:10 AM
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Americans can anticipate significantly larger tax refunds next year, potentially an extra $1,000 per filer. This boost is attributed to Donald Trump's 'One Big Beautiful Bill Act,' signed into law in July. Treasury officials project these refunds to be the largest in history, offering financial relief amidst cost-of-living concerns, though some Democrats remain critical.
4:10 AM
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Businesses can now open current and overdraft accounts with more banks as the RBI has raised the loan threshold for restrictions to Rs 10 crore. This move offers greater flexibility, allowing companies to manage payments and collections across a wider banking network. The revised framework, effective April 1, 2026, aims to reduce dependence on single lending banks for many enterprises.
7:10 PM
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Income tax refunds are delayed due to filing errors, high-value claim checks, and incomplete taxpayer verification. Common issues include unverified returns, defective filings, and incorrect bank details. Taxpayers must respond to notices promptly and avoid inflated claims to ensure timely refunds. Check your refund status on the income tax portal.
5:10 PM
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The Reserve Bank of India is pushing for uniform service charge disclosures and fee consolidation among banks. Discussions are underway to standardize fee structures, particularly for loan processing, and to identify services consistently available across all branches. This move aims to enhance customer transparency and streamline banking charges nationwide.
8:10 AM
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Top stock market recommendations: Nuvama's Aakash K Hindocha recommends buying Cholamandalam Investment and ICICI Prudential Life Insurance, while advising to sell Ambuja Cements. He anticipates Nifty's underperformance and Bank Nifty's continued outperformance, with potential pullbacks for both indices.
6:10 AM
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India's economic growth forecast for this year has been boosted to 7.2% by the Asian Development Bank, a significant upgrade from its previous projection. This upward revision is attributed to a stronger third-quarter performance, with tax cuts playing a key role in stimulating consumer spending. The ADB also anticipates a robust regional economic expansion.
6:10 AM
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12:10 AM
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Nilesh Shah of Kotak Mahindra AMC predicts capital markets will soon surpass bank lending in India, signaling a significant shift in economic financing. He emphasized the need for wiser investment habits, urging Indians to avoid unproductive savings and improve financial literacy. Radhika Gupta of Edelweiss Mutual Fund advocated for early-age investing incentives, including lock-in periods, to foster long-term wealth creation.
11:10 PM
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The Indian rupee is experiencing significant pressure, hitting record lows against the US dollar due to trade deficits, US tariffs, and capital outflows. The Reserve Bank of India is reportedly employing a sophisticated, unpredictable intervention strategy, communicating confidential directives to dealers to manage volatility without depleting reserves or hindering growth. This approach aims to curb speculation while maintaining market stability.
9:10 PM
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Reserve Bank of India Governor Sanjay Malhotra urged banks to fully transmit policy rate cuts to borrowers, aiming to support sustainable growth and improve customer outcomes. He emphasized the need for lower intermediation costs and higher efficiency, while also flagging rising risks from digital fraud and calling for stronger safeguards.
10:10 AM
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Gold price prediction: Gold prices are poised for an upward trend driven by positive global signals. Investors are advised to adopt a 'buy on dips' strategy. China's central bank continues its gold buying spree, boosting reserves. Silver ETFs are also seeing significant inflows, indicating strong investor interest. The Federal Reserve's upcoming monetary policy decision will be a key event to watch.
12:10 AM
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Home loan borrowers are set to benefit as major banks, including HDFC Bank, PNB, and Bank of Baroda, have reduced lending rates following the RBI's 25 basis point repo rate cut. These adjustments to MCLR, RLLR, and RBLR will lead to lower EMIs or shorter tenures for eligible borrowers, offering significant relief on retail loan interest costs.
12:10 PM
Blogger
Gold price prediction today: Gold prices are hovering near recent highs, fueled by expectations of a US Federal Reserve rate cut. Weak US jobs data and dovish Fed commentary have bolstered this sentiment. Investors are keenly awaiting the Fed's policy decision and Chair Jerome Powell's remarks for further direction, with central bank buying and ETF inflows providing support.
8:10 AM
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Fino Payments Bank has received in-principle approval from the RBI to transform into a small finance bank, a first for any payments bank. This move will enable Fino to commence lending activities, expand its offerings, and strengthen its deposit base.
7:10 AM
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The Reserve Bank of India plans to inject Rs 1.5 lakh crore into money markets. This move aims to ease liquidity and support an interest rate cut. Analysts suggest this may be temporary, with more steps needed later. The RBI might use reserves if the rupee weakens, impacting banking system liquidity. A forex swap will add durable rupee liquidity.
12:10 AM
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The Ministry of New and Renewable Energy (MNRE) has denied reports of advising lenders to halt financing for renewable energy projects. The ministry clarified it shared information on solar PV manufacturing capacity to aid informed financing decisions, reaffirming commitment to self-reliance in the sector.
6:10 PM
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Gold prices are poised for gains this week, driven by anticipation of a US Federal Reserve interest rate cut and sustained central bank buying. A weaker rupee further bolsters domestic gold prices, making it more expensive in Indian currency. Meanwhile, silver continues its impressive rally, hitting record highs due to robust industrial demand and tight supplies.
5:10 PM
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State Bank of India's mortgage loan book surpassed Rs 9 lakh crore in November, with strong performance in retail, agriculture, and MSME segments. The bank has raised its credit growth guidance to 14% for FY26, driven by robust demand across its loan portfolios. SBI anticipates funding growth without additional equity capital for the next five to six years.
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