The Reserve Bank of India (RBI) on Friday allowed all the banks to hold EMIs for a period of 3 months. The development has come as the government's relief measures amid coronavirus lockdown in the country which has affected business and may lead to economic slowdown both national and globally.
A day after Finance Minister announced Rs 1.7 trillion economic package for country, the Reserve Bank of India governor Shaktikanta Das announced bold measures cut lending rates by slashing repo rate and reverse repo rate by massive 70 bps and 90 bps respectively. He also announced a 3-month moratorium on loans.
New Delhi: Expecting a near-term boost to economy from RBI's rate cut, Minister of State for Finance Jayant Sinha today said the decision should bring down the loan EMIs significantly and there is room for
New Delhi: The Reserve Bank of India today slashed repo rates, the level at which it lends to commercial banks, by 25 basis points to 7.75 per cent with immediate effect. While it will certainly
Top News
Latest News
