The Centre and RBI on Tuesday told the Supreme Court that the moratorium period on repayment of loans amid the COVID-19 pandemic is “extendable” by two years.
RBI has announced term repo operations totalling Rs 1 lakh crore in mid-September to ease pressure on the liquidity and maintain congenial financial conditions with a view to ensuring sustainable recovery of economic growth.
EMI Moratorium: The six-month moratorium period comes to an end on August 31. Several bankers had asked RBI Governor Shaktikanta Das not to extend the moratorium as many are taking undue advantage of the facility
The annual report of Reserve Bank of India showed that the banks frauds of ₹100,000 and above have more than doubled in value to ₹1.85 trillion in FY20, with the number of such cases increasing 28% in the same period.
The Reserve Bank of India (RBI) on Tuesday announced that it will again conduct simultaneous purchase and sale of government securities under the open market operation (OMO) for Rs 20,000 crore in two tranches of Rs 10,000 crore each. The auctions will be conducted on August 27 and September 3.
The decision was taken at the 584th meeting of the Central Board of the Reserve Bank of India chaired by Governor Shaktikanta Das.
Reserve Bank of India (RBI) Governor Shaktikanta Das briefed mediapersons on Aug 06.
Reserve Bank of India has kept the repo rate unchanged at 4 per cent. Governor Shashikanta Das announced this during his press conference.
Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at 12 noon today. This was the 24th meeting of the MPC. Besides, the central bank also issued directions regarding the loan moratorium which is coming to an end on August 31 amid bankers opposing the further extension of this facility on concerns over its misuse.
The RBI may refrain from cutting the benchmark lending rate on Thursday but can announce other measures like restructuring of loans amid the urgency to revive the coronavirus-hit economy, experts said.
Sashidhar Jagdishan is set to replace Aditya Puri as HDFC Bank CEO after the Reserve Bank of India approved his name. Sashidhar Jagdishan is currently the additional director of HDFC Bank and has been associated with it for over 30 years.
The Reserve Bank of India is likely to leave repo rate unchanged in the upcoming policy review meeting and the Monetary Policy Committee may look for "unconventional policy measures" to ensure financial stability, says a report.
The RBI had earlier said the country's GDP will contract in FY21, but did not give any number on the same, even as analysts are pegging a negative growth of up to 9.5 per cent.
Speaking at a webinar organised by the Chennai International Centre (CIC), Sitharaman said that discussions are on with the RBI on the matter of one-time restructuring of loans.
The statement comes against the backdrop of social media buzz that issues that might arise while transferring money through Google Pay cannot be redressed under law as the app is unauthorised.
Amid ongoing phishing or cyberattack, Reserve Bank of India (RBI) on Wednesday warned citizens of fraudulent transactions. Due to coronavirus lockdown, online banking has seen a massive boom as it becomes the major source of carrying financial transaction.
The Reserve Bank of India (RBI) has extended the special liquidity facility made available for private sector lender YES Bank by three months. The earlier deadline for the facility was Jun 16.
The Reserve Bank of India (RBI) on Thursday said it has barred Kanpur-based People's Co-operative Bank from granting fresh loans and accepting deposits for six months, due to its weak financial position.
The Supreme Court on Thursday while hearing the issue of charging interest on loans during the moratorium period, has asked the Ministry of Finance for its response on whether the interest could be waived or should it continue during the moratorium period.
RBI Recruitment 2020: The Reserve Bank of India (RBI) has invited online applications for Medical Consultant posts on or before 29 June 2020.
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