Supreme Court rebukes Centre on loan repayment interest, asks govt to take 'clear stand'
New Delhi/IBNS: The Supreme Court on Wednesday asked the central government to take a clear stand on the waiving of interest on loan repayment during the moratorium period, media reports said.
RBI confirmed that govt needs to spend more: Rahul Gandhi
New Delhi/UNI: Attacking the NDA government on the report by the Reserve Bank of India that economic recovery is likely to take longer, Congress leader Rahul Gandhi on Wednesday said that the RBI has only confirmed that he had been warning for several months.
SC grants 3 days to FM, RBI to decide on moratorium period interest
New Delhi/UNI: The Supreme Court on Friday asked the Finance Ministry and RBI officials to hold a joint meeting within three days to decide whether interest incurred on EMIs during the moratorium period can be charged by banks or not.
India plans for staggered exit from lockdown resuming economic activities in Covid-free zones
New Delhi/IBNS: India, the country of 1.3 billion people, is likely to witness a partial resumption of economic activities post May 3 as the Narendra Modi government has hinted at a staggered exit from the nationwide anti-Covid-19 lockdown.
RBI's step will enhance liquidity and improve credit supply: Narendra Modi
New Delhi/IBNS: Indian PM Narendra Modi on Friday appreciated the steps announced by Reserve Bank of India Governor Shaktikanta Das to tackle the current economic situation of the nation following COVID-19 outbreak and said it will 'enhance liquidity and improve credit supply'.
RBI took giant steps to safeguard economy from COVID-19 impact: PM Modi
New Delhi/IBNS: Prime Minister Narendra Modi on Friday lauded the Reserve Bank of India (RBI) for slashing the repo rate by 75 basis points saying the central bank took giant steps to safeguard the Indian economy from the impact of COVID-19.
After Yes Bank founder Rana Kapoor's arrest, ED stops his daughter at Mumbai Airport
New Delhi/IBNS: The Enforcement Directorate on Sunday stopped arrested Yes Bank founder Rana Kapoor's daughter Roshni from going to London, media reports said.
New Delhi/UNI: Responding to the government's decision to put a moratorium on the limit of withdrawals from the Yes Bank till April 3, senior Congress leader and former Finance Minister P Chidambaram on Friday said that the ability of the BJP government to govern and regulate financial institutions have been exposed.
Modi and his ideas destroyed India's economy: Rahul Gandhi on Yes Bank crisis
New Delhi/IBNS: Targetting the government over the crisis in Yes Bank, Congress MP Rahul Gandhi on Friday said Prime Minister Narendra Modi and his ideas had destroyed the economy of the country.
Supreme Court quashes RBI's 2018 ban on cryptocurrency
New Delhi/IBNS: The Supreme Court on Wednesday ended the Reserve Bank of India (RBI)'s 2018 ban on banks from dealing in virtual currencies like cryptocurrency, media reports said.
Structural reforms, fiscal measures needed to push demand, boost growth: RBI Governor
New Delhi/UNI: Reserve Bank of India Governor Shaktikanta Das on Friday said structural reforms and fiscal measures have to be continued to provide a push to demand and boost growth.
New Delhi: PMC Bank customers protest against RBIÂ
New Delhi, Nov 6 (UNI) The Punjab and Maharashtra Cooperative (PMC) Bank customers on Wednesday took out a protest march against the Reserve bank of India in the National capital.
PMC Bank: Depositors protest outside RBI, two senior citizens faint
Mumbai/IBNS: The Panjab and Maharashtra Cooperative (PMC) Bank depositors on Saturday held a protest demonstration seeking written assurance from RBI that their money will be returned, media reports said.
Priyanka Gandhi Vadra attacks Modi government over RBI report claiming increased bank frauds
New Delhi, Aug 30 (IBNS): Congress leader Priyanka Gandhi Vadra slammed the Narendra Modi government over a recent Reserve Bank of India (RBI) report which claimed there has been an increase in bank frauds in the last fiscal year.
RBI cash transfer to govt increases financial risk for country: Amit Mitra
Kolkata, Aug 28 (UNI) The Trinamool Congress Government has expressed grave concern over the huge transfer of cash reserves from the Reserve Bank of India (RBI) to the Central Government.