RBI

RBI stands battle-ready to take whatever steps need to be taken for economy: Guv

by AgenciesBusinessIndiaLatest NewsSeptember 16, 2020September 16, 2020

New Delhi: RBI Governor Shaktikanta Das on Wednesday assured the industry that the central bank would take all necessary measures to ensure liquidity in the system and promote economic growth….

Rs 2,000 currency notes not printed in FY20: RBI

by Monitor News DeskBusinessIndiaLatest NewsNewsAugust 26, 2020August 25, 2020

New Delhi: Currency notes of Rs 2,000 were not printed at all in financial year 2019-20, according to the Reserve Bank of India (RBI). The central bank’s Annual Report for…

Centre to receive Rs 57,128 cr from RBI as FY20 surplus

by IANSBusinessIndiaLatest NewsAugust 15, 2020August 15, 2020

Mumbai: The Reserve Bank of India (RBI) Board on Friday approved the transfer of Rs 57,128 crore surplus to the Central government for FY20. The decision was taken at the…

Scam hit J&K Co-op bank among 1500 institutions come under RBI as Prez clears ordinance

by Monitor News DeskBusinessKashmirLatest NewsLead StoriesJune 27, 2020June 27, 2020

New Delhi: The Centre has brought all urban and multi-state cooperative banks under the direct supervision of the Reserve Bank with President Ram Nath Kovind promulgating the Banking Regulation (Amendment)…

Over 1500 cooperative banks brought under RBI

by Monitor News DeskBusinessIndiaLatest NewsJune 24, 2020June 24, 2020

New Delhi: The Union Cabinet on Wednesday decided to bring all co-operative banks under the Reserve Bank of India through an ordinance. This was announced by Union information and broadcasting…

RBI ramps up economic support; cuts interest rates, extends loan moratorium

by Monitor News BureauBusinessLatest NewsMay 22, 2020May 22, 2020

Mumbai: The Reserve Bank of India (RBI) on Friday slashed interest rates, extended moratorium on loan repayments and allowed banks to lend more to corporates in an effort to support…

RBI extends loan moratorium by additional 3 months

by Monitor News BureauBusinessLatest NewsMay 22, 2020May 22, 2020

The Reserve Bank of India (RBI) said on Friday the three-month moratorium on payment of instalments on term loans to banks, non-bank financial institutions (NBFCs), including housing finance companies, and…

GDP growth in 2020-21 to be in negative territory, says RBI Governor

by Monitor News BureauLatest NewsMay 22, 2020May 22, 2020

The Reserve Bank Of India Governor Shaktikanta Das adressed the media on Friday, days after Union Finance Minister Nirmala Sitharaman announced the Rs 20 lakh crore stimulus package for the…

RBI may extend moratorium on loans by 3 months: Report

by Press Trust of IndiaBusinessLatest NewsMay 19, 2020May 19, 2020

Mumbai: With the government extending the nationwide lockdown till May 31, the Reserve Bank of India (RBI) is likely to extend the moratorium on repayment of loans for three more…

COVID19: RBI cuts reverse repo rate to 3.75%, keeps repo rate unchanged

by AgenciesBusinessLatest NewsApril 17, 2020April 17, 2020

The Reserve Bank of India (RBI) on Friday cut the reverse repo rate from 4% to 3.75% but has kept the repo rate, the benchmark interest rate, unchanged, its governor…