- Vedanta to create $10 billion fund to bid for BPCL stake, other assets, Chairman Anil Agarwal says
- Bulk Deals: Rakesh Jhunjhunwala picks stake in Indiabulls Housing on Tuesday; buys stake from RARE Enterprises, company backed b
- 5G deployment in US becomes bone of contention between airlines, telecom companies AT&T and Verizon; Air India, Emirates cancel
- Manpower cost likely to increase in next 2 quarters: Virender Jeet, CEO, Newgen Software
- Toyota Kirloskar unveils Hilux; company likely to reveal price next month, delivery starts in April 2022
Reserve Bank of India
Shaktikanta Das talks tough, says RBI hasn't exhausted ammunition in fight against COVID-19
Thu, Aug 27, 2020
RBI Governor Shaktikanta Das has retaliated against the criticism around the way the central bank has dealt with the economic consequences of the COVID-19 pandemic. Das on Thursday said that Reserve Bank of India is yet to exhaust all options and added that it will not unwind all recent measures taken to support the Covid-19-hit economy and will act when the need arises.
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Bank frauds more than doubled to Rs 1.85 trillion in FY20: RBI
Wed, Aug 26, 2020
Bank frauds of Rs 1,00,000 or more have more than doubled in value to Rs 1.85 trillion in FY20, with the number of such cases increasing 28% in the same period, the Reserve Bank of India’s annual report showed on Tuesday.
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Delhi High Court seeks Centre, RBI response over plea against Google Pay
Tue, Aug 25, 2020
The Delhi High Court on Monday sought the response of the Central government, the RBI and others on a petition seeking action against UPI payment app Google Pay for allegedly violating RBI guidelines related to data localisation, storage and sharing norms.
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Lost your job or had salary cut? This RBI decision can help you
Fri, Aug 07, 2020
Last few months have been tough for the salaried class. On one hand, there was the growing fear of COVID-19 pandemic and on the other, several companies were left with no choice but to implement salary cuts or let go of people.
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RBI keeps repo rates on hold; raises limit for gold loans
Thu, Aug 06, 2020
The Reserve Bank of India (RBI) on Thursday kept interest rates unchanged to help tame inflation that in recent times had surged past 6 per cent mark, and said that the economy is in an extremely weak condition following the pandemic.
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RBI MPC: Experts say announcements displayed courage, committee mindful of recent spike in CPI inflation
Thu, Aug 06, 2020
The announcements made by Reserve Bank of India governor Shaktikanta Das on Thursday morning were a combination of courage and conviction, and in no way suggests a U-turn in interest rate trajectory, believe experts.
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RBI gives priority sector lending status to Start-ups
Thu, Aug 06, 2020
Priority Sector Lending (PSL) is a tool given by the RBI to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections. Banks have to keep 40 per cent of Adjusted Net Bank Credit towards PSL.
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RBI extends loan restructuring facility to corporates
Thu, Aug 06, 2020
In February, the RBI decided to extend the benefit of one-time restructuring without an asset classification downgrade to standard accounts of GST-registered micro, small and medium enterprises (MSMEs) that were in default as on January 1, 2020, in line with the Budget announcement.
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RBI policy impact: Sensex rallies over 500 pts, Nifty tops 11,200
Thu, Aug 06, 2020
According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the pause in policy rates and accommodative stance reflect the central bank's concern about inflation which it feels has risk on the upside.
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RBI unexpectedly keeps repo rates steady; here is what experts said
Thu, Aug 06, 2020
"The policy is balanced and in right direction. While conserving the rate reduction space for later use, the Monetary Policy Committee (MPC) has continued to provide the support on the liquidity front. Doing away with the loan moratorium and announcing a responsible scheme for restructuring of the stressed assets are both prudent and wise from the perspective of financial stability."
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RBI Monetary Policy: Shaktikanta Das led panel keeps repo rate unchanged at 4 pct, maintains accommodative stance
Thu, Aug 06, 2020
RBI Monetary Policy: The Shaktikanta Das-led RBI Monetary Policy Committee on Thursday unanimously decided to keep the repo rate unchanged at 4 per cent while maintaining the accommodative stance. Das said that reverse repo rate also remains unchanged at 3.35 per cent.
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RBI Monetary Policy Meet: Bank may go for status quo; announce other measures to boost growth
Thu, Aug 06, 2020
Besides, the central bank is expected to issue directions regarding the loan moratorium which is coming to an end on August 31 amid bankers opposing further extension of this facility on concerns over its misuse.
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