Repo Rate News

RBI Unveils New Facility To Empower Debit And Credit Card Users; Here's What You Should Know

Abhijeet Sen October 6, 2023 3:41 PM IST

The RBI has extended the card-on-file tokenisation or token creation facility at the level of the issuer bank. It was earlier available only through merchant applications or websites. This means that customers can now tokenise their cards directly with their banks instead of having to do so through a merchant. This will make the tokenisation process more convenient and secure for customers.

SBI Rate Hike: Check Latest Loan Interest Rates

India.com Business Desk July 15, 2023 3:55 PM IST

The MCLR is used as the benchmark rate for many types of loans, such as home loans, car loans, and personal loans. When a bank sets the interest rate on a loan, it will typically add a spread to the MCLR. The spread is a margin that the bank earns on the loan.

By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts Cookies Policy.