RBI warns people against unauthorised digital lending platforms and mobile apps
Hamirpur (HP)/UNI: The Reserve Bank of India has warned people against the unauthorised Digital Lending Platforms and Mobile Apps.
MPC voted unanimously to keep the policy repo rate unchanged at 4%: RBI Guv Das
New Delhi: Reserve Bank of India Governor Shaktikanta Das on Friday said the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate unchanged at 4 per cent.
Industry welcome RBI's decision to keep lending rates unchanged
New Delhi: Different Indian organizations on Friday welcomed the Reserve Bank of India's decision to keep repo rate and reverse repo rate unchanged.
Supreme Court allows Centre one more week to submit loan moratorium plan
New Delhi/IBNS: The Supreme Court on Monday extended the deadline to fix a moratorium plan to ease the burden on borrowers during the prevailing coronavirus crisis, said media reports.
In first reconstruction scheme led by banks, Yes Bank repays entire Rs 50,000 crore to RBI: Chairman Sunil Mehta
Mumbai/UNI/IBNS: Yes Bank has fully repaid Rs 50,000 crore to Reserve Bank of India (RBI), it borrowed under the SLF (Special Liquidity Facility) amid the crisis faced last year, well ahead of time, Yes Bank Chairman Sunil Mehta has said in the bank's Annual General Meeting on Thursday, adding that the private lender's revival marks the first successful reconstruction scheme led by banks in India’s banking history,
RBI's Covid-19 solutions well thought; monetary policy stance will continue to be accommodative: Shaktikanta Das
Mumbai/IBNS: The Reserve Bank of India’s (RBI) framework for Covid-19 solutions is well thought and taken after due consultations, Governor Shaktikanta Das said Thursday, adding that the central bank’s response to COVID-19 is unprecedented.
RBI's one-time loan restructuring plan plugs the past gaps: Experts
Kolkata/IBNS: The current loan restructuring package by the Reserve Bank of India(RBI) with proper timelines mentioned in the guidelines has plugged all the gaps that were there previously, said Partha Pratim Sengupta, Managing Director & CEO, Indian Overseas Bank.
New measures to restructure loans by banks a 'durable' resolution says RBI Governor
Mumbai/IBNS: Ahead of the expiry of the six-month loan repayment freeze on August 31, Reserve Bank of India Governor Shakti Kanta Das in an interview to CNBC Awaz said the new measures introduced to enable the banks to restructure loans will provide a "durable" resolution to the businesses constrained for money due to Covid-19, save jobs and in turn revive the economy, said a Bloomberg report.
RBI approves payout of Rs 57,128 crore to govt amid widening fiscal deficit triggered by Covid-19 lockdown
Mumbai/IBNS: The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of Rs 57,128 crore to the government for the accounting year 2019-20 (July-June).
Reserve Bank of India tightens corporate governance norms for core investment companies
Mumbai/UNI: The Reserve Bank of India (RBI) has released a revised set of guidelines for core investment companies (CICs), tightening corporate governance and disclosure norms for these entities.
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.
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.
Repo rate slashed by 75 basis points to 4.4 percent: RBI Guv
Mumbai/IBNS: The Reserve Bank of India on Friday announced that repo rate has been slashed by 75 basis points to 4.4 percent.
Indian economy is not immune to COVID19 pandemic: RBI Guv Shaktikanta Das
New Delhi/IBNS: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said India is not immune to the COVID 19 infection and the country's economy will be impacted along with global economies due to it.
Depositors money is safe in any bank: Reserve Bank of India
Mumbai/IBNS: The Reserve Bank of India on Sunday assured that people should not panic as there is no such concern about safety of their deposits in any bank.