July 09, 2020 07:33 (IST)
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Cabinet passes extending PM Garib Kalyan Anna Yojana till November | West Bengal COVID-19 Lockdown: German Consulate says it will restrict office presence to the lowest | 'Communist China terrorist': Tibetan cycle rally against Beijing cheers for India | J&K HC Srinagar wing closed for 2 days after some CRPF personnel test positive for COVID-19 | India adds 22,752 new Covid-19 cases, 482 deaths in 24 hours

RBI announces special liquidity scheme for NBFCs and HFCs through a SPV

Mumbai/IBNS: In the bid to improve the liquidity position of the NBFCs and HFCs amid the sagging economic situation triggered by Covid-19 pandemic, the government has approved a special scheme to prevent potential systemic risk in the financial sector, the Reserve Bank said on Wednesday.

Reserve Bank of India doubles withdrawal limit of PMC Bank to Rs 1 lakh

Mumbai/UNI: The Reserve Bank of India (RBI) has raised withdrawal limit from fraud-ridden Punjab and Maharashtra Cooperative (PMC) Bank to Rs one lakh from Rs 50,000 while extending restrictions imposed on the bank for another six months.

India's foreign exchange reserves soar amid Covid-19 pandemic

Mumbai/IBNS: At a time when India is facing a fresh economic challenge triggered by coronavirus pandemic, the Reserve Bank of India said country's foreign exchange reserve has increased by USD 3.43 billion to a new all-time high of $493.48 billion for the week ended May 29 following handsome accumulation of the core currency assets.

RBI cuts repo rate of 40 basis points to 4 pc, term loan moratorium extended

Mumbai: The Reserve Bank of India on Friday announced a cut in the repo rate of 40 basis points to bring it down to 4 percent.   

Indian Banks Association sends proposal to govt, RBI for setting up of 'Bad Bank'

Mumbai/IBNS: Indian Banks Association (IBA) has sent a proposal to set up a 'Bad Bank' to the Finance Ministry and the Reserve Bank of India (RBI), said a CNBC-TV18 report. A Bad Bank is named so as it houses all bad loans or non-performing assets.

NBFCs meet RBI seeking restructuring of all loans : Report

Mumbai/IBNS: The Non Banking Financial Companies (NBFCs) have requested the Reserve Bank of India (RBI) to provide a one time restructuring of all loans in view of the current economic situation triggered by COVID-19 induced lockdown, a Money Control report said.

RBI announces Rs 50,000 crore special liquidity facility for Mutual Fund

New Delhi/IBNS: The Reserve Bank of India on Monday announced it has opened a special liquidity facility worth Rs 50,000 crore for Mutual Funds.

RBI cuts repo rate from 4 pct to 3.75 pct

New Delhi/IBNS:  Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced reducing the reverse repo rate from 4 percent to 3.75 percent.

Growth outlook to be hit drastically by COVID-19 outbreak

Mumbai/IBNS: The Reserve Bank of India has said the country's economic growth outlook has been hit drastically by the coronavirus outbreak, media reports said.

Greatest emergency since Independence: Former RBI Governor Raghuram Rajan over COVID-19 situation

New Delhi/IBNS: Advising the Indian government to spend more on poor to manage the crisis caused by the Novel Coronavirus, former Reserve Bank of India (RBI) governor Raghuram Rajan has said the pandemic virus is the "greatest emergency since Independence".

Reserve Bank of India reduces timing of debt, currency market

Mumbai/UNI: In view of the lockdown following the outbreak of coronavirus, the Reserve Bank of India (RBI) has reduced the trading hours of debt as well as currency markets from April 7.

RBI cuts down trading hours for domestic money markets amid lockdown

Mumbai/IBNS: The money markets in India will now function 10 am to  2 pm from Apr 7 due to lower participation due to lockdown and social distancing, Reserve Bank of India (RBI) said on Friday.  

India's corporate sector welcome's RBI repo rate cut amid COVID-19 outbreak

Mumbai/IBNS: The Indian corporate sector has reacted positively to the Reserve Bank of India's decision to slash the repo rate by 75 basis points to 4.4 per cent.

RBI policy will ensure sufficient liquidity, says LIC HFL

Bengaluru/UNI: MD & CEO of LIC HFL said RBI policy announced on Friday will ensure sufficient liquidity in the system at a time when anxious moments are around due to Covid 19 situation.

Standard Chartered Bank CEO hails RBI's cut down of interest rates

New Delhi/UNI:  Standard Chartered Bank CEO Zarin Daruwala on Friday hailed RBI's step to cut interest rates by 75 basis points to 4.4 per cent and said that the bold steps initiated by the Monetary Policy Committee should help financial markets tide over the current situation.