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NBFCs

Received a PM Mudra loan letter? PIB says a fake approval letter promising a ₹5 lakh loan is circulating and warns people not to pay any processing fee.

PIB has warned about a fake letter claiming to offer a Rs 7 lakh loan under the PM Mudra Yojana for an Rs 860 fee. Citizens are urged to verify information through official channels.

A fake approval letter claiming to grant ₹7,00,000 under the PM Mudra Yojana for a nominal agreement charge of ₹860 is being shared widely.

India’s home loan rates are poised to fall to near-Covid era levels after the RBI trims the repo rate by 25 basis points. Banks, NBFCs, and borrowers brace for shifts in lending margins, liquidity, and credit demand.

Authorities debunk a fake PM Mudra Yojana loan letter promising ₹7 lakh, warning the public of scams exploiting government schemes.

RBI’s June 2025 report highlights the resilience of India’s financial system, backed by strong banks, NBFCs, and stable inflation.

Indian stock markets remained range-bound on February 27, with cautious sentiment prevailing. The Sensex and Nifty showed limited movement.

Securitisation volumes in India reached ₹68,000 crore during October-December FY25 (Q3FY25), marking a significant surge, according to estimates by rating agency ICRA.

The government aims to provide an additional Rs 1.54 lakh crore in MSME credit in FY25 through banks and NBFCs.

RBI Governor Shaktikanta Das clarified that the shift to a neutral monetary policy stance does not indicate an imminent interest rate cut.