40 bps repo rate cut, negative GDP outlook, says Shaktikanta Das at RBI Gov PC
The Reserve Bank of India on Friday announced a surprise 40 ba...
RBI Guv Shaktikanta Das to hold press conference at 10 am today
RBI Governor Shaktikanta Das to hold a press conference today at 10 AM. More ...
Economic situation bleak with few ‘slivers of brightness’: RBI Governor Shaktikanta Das
Addressing media for a second time within a month, RB...
Shaktikanta Das calls for fiscal support to economy
Prime Minister Narendra Modi’s virus containment measures — a 40-day mandatory stay-at-home for almost all of the nation’s 1.3 billion people — have crippled business activity and put a lid on consumption, the backbone of the economy. That is seen resulting in India posting its first full-year contraction in more than four decades.
RBI fortifies war-room with more manpower as COVID-19 rages on
The RBI has increased the deployed manpower to 150 in its COVID-19 war-room at a secret facility in Mumbai.
View: RBI sings anthem of hope and faith, above the discordant din on the ground
The good thing about the monetary policy change is the signal that this is not the time to fret about inflation. While the RBI does raise the possibility of further supply disruptions due to possible lockdown and insufficient production of pulses raising the rate of inflation, it does not see this as an overriding concern.
RBI takes it forward from where FM Sitharaman left, announces 40 bps repo rate cut, loan freeze extension
The RBI has projected negative growth with a pick up in growth impulses in second half.
Loan moratorium extended, banks' group exposure limit raised, borrowing rules for states relaxed: Key RBI regulatory announcements
The Reserve Bank of India has announced an extension of the moratorium on loan EMIs by three months, i.e. August 31, 2020, making it a total...
Shaktikanta Das' war-room takes extraordinary measures to fight Coronavirus threat
The move followed the government announcing a Rs 1.7 lakh crore package on Thursday to put a safety net in place for those hit the hardest. India began a 21-day lockdown on March 25 to try and rein in the disease.
RBI's Shaktikanta Das says unconventional policies are working
The gap between the main repurchase rate and the benchmark 10-year bond yield has begun to narrow.
FM to meet PSU bank chiefs, to review credit flow
The meeting assumes significance as the banking sector has to implement many schemes under the Rs 21 lakh crore economic package announced by the finance minister in five tranches last week.
India expects sharp turnaround in 2021-22: RBI Guv Shaktikanta Das
For 2020-21, International Monetary Fund projects sizable reshaped recoveries, close to 9 percentage points for the global GDP. India is exp...
Finance Minister Nirmala Sitharaman's meeting with heads of public sector banks gets deferred
According to sources, the meeting has been deferred and the new date will be informed shortly. The meeting, to be held via video-conferencing, was to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the COVID-19 crisis.
Banking has faced only minimum disruption: Shaktikanta Das
“Banks have been required to put in place business continuity plans to operate from their disaster recovery sites and to identify alternate locations for critical operations so that there is no disruption in customer services,” Das said.
RBI Guv Shaktikanta Das discusses credit flow to MFs, NBFCs, MFIs with bank CEOs, MDs
Independent estimates peg the funding gap for NBFCs at Rs 60,000 cr despite RBI's efforts.
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