Mumbai: RBI on Wednesday allowed certain individual and small borrowers more time to repay debt and allowed banks to give priority loans to vaccine makers, hospitals and COVID-related health infrastructure…
May 05, 2021
Mumbai: The Reserve Bank of India did not stop at providing liquidity enhancement measures to tackle the current economic strain unleashed by the resurgence of a Covid-19 wave. It also…
May 05, 2021
Mumbai: As the county’s healthcare system reels under the severe Covid crisis, the Reserve Bank of India (RBI) on Wednesday announced a liquidity window of Rs 50,000 crore wherein vaccine…
May 05, 2021
Mumbai: India’s Reserve Bank will initiate measures to combat economic turbulence unleashed by the resurgence of Covid-19. In virtual address, RBI Governor Shaktikanta Das announced a number of liquidity enhancement…
May 05, 2021
Mumbai: The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders — UCO Bank, Axis Bank and Syndicate Bank — over deficiencies in complying with different regulatory norms. The RBI imposed a penalty of Rs 2 crore each on UCO Bank and Axis Bank for non-compliance with its circular on ‘Collection of […]
May 04, 2021
Mumbai:The Reserve Bank of India Thursday cut benchmark interest rate by 0.25 per cent to 6.25 per cent on expectation of inflation staying within its target range, a move that may translate into lower monthly installments for home and other loans. The central bank also changed its monetary policy stance to ‘neutral’ from the earlier […]
May 04, 2021
Mumbai: The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders Allahabad Bank and Corporation Bank over deficiencies in complying with various regulatory norms. In a regulatory filing to the BSE on Friday, the Allahabad Bank said that the RBI has imposed a penalty of Rs 1.5 crore “for not monitoring the […]
May 04, 2021
Mumbai: Former Reserve Bank of India (RBI) Governor Raghuram Rajan has been chosen for the ‘Yashwantrao Chavan National Award 2018’ for his contribution towards economic development. Rajan will be presented the award at a function here on March 12 on the occasion of 106th birth anniversary of late Yashwantrao Chavan, who was the first chief […]
May 03, 2021
New Delhi: The Reserve Bank of India may disallow credit rating agencies from the dual role of being advisor-cum-rating agencies for companies. The move aims to prevent such entities from making biased assessments about the financial condition of their clients and restrict conflict of interest that may seep in. Official sources said that the banking […]
May 03, 2021
Bhubaneswar: Announcement of the poll schedule by the Election Commission has set the political temperature soaring in the state. With the Commission staggering the polls and Odisha set to vote in four phases stretching from April 11 to April 29, one can expect a long and acrimonious campaign. The escalating war of words between Naveen […]
May 03, 2021
New Delhi: In a huge relief to the regulated sector, the Supreme Court on Tuesday struck down as ultra vires the controversial Reserve Bank of India (RBI) circular mandating resolution of loans of Rs. 2,000 crore and above even for a single day. “We have declared RBI circular ultra vires,” said Justice Rohinton Fali Nariman […]
May 02, 2021
Mumbai: The Reserve Bank of India Thursday cut benchmark interest rate by 0.25 per cent for the second time in a row to bring interest rate to the lowest level in one year on softening inflation. The central bank, however, kept monetary policy stance at ‘neutral’. In the second policy review under Governor Shaktikanta Das, the […]
May 02, 2021
Mumbai: Within days of the Reserve Bank of India (RBI) lowering its key lending rate, state-run State Bank of India (SBI) on Tuesday reduced its benchmark marginal cost of funds based lending rate (MCLR) and home loan rates, effective from April 10. SBI reduced its MCLR by 5 basis points (0.05 per cent) across all […]
May 02, 2021
Washington: RBI Governor Shaktikanta Das on Friday proposed to his peers on the sidelines of an International Monetory Fund (IMF) event here that the monetary policy can be well served by calibrating the size of the policy rate, instead of the 25 basis points (bps) unit. Das said that “if the unit of 25 basis […]
May 02, 2021
New Delhi: Reserve Bank of India (RBI) has tossed its hat in the ring for the taking over of Air Indias iconic tower at Nariman Point in Mumbai. The central bank is learnt to have offered 10 years’ lease rental as advance payment, a top reliable source told IANS . “The RBI wants to take the […]
May 02, 2021
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