RBI extends moratorium on loan for another next 3 months
News | May 22, 2020 17:43 ISTReserve Bank of India (RBI) Governor Shaktikanta Das on May 22
Reserve Bank of India (RBI) Governor Shaktikanta Das on May 22
The Reserve Bank of India (RBI) will extend a credit line of Rs 15,000 crore to the Export-Import (EXIM) Bank of India. The announcement is part of the RBI's latest measures to help businesses and the economy tide over the coronavirus crisis.
Loan EMIs are set to get cheaper as RBI cuts repo rate by 40 bps to 4 per cent. "The repo rate cut by 40 basis points from 4.4 % to 4%. Reverse repo rate stands reduced to 3.35%," RBI Governor Shaktikanta Das said in a press conference on Friday.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the Monetary Policy Committee, in an unscheduled meeting, cut policy repo rate by 40 basis points to 4.0%, adding GDP is estimated to contract in current fiscal.
RBI Governor Shaktikanta Das in a presser amid lockdown situation in the country due to the outbreak of coronavirus which has impacted businesses at large said that they are expecting normalcy to return in the second half of the year.
RBI Governor Shaktikanta Das on Friday announced a reduction in repo rate by 40 basis points from 4.4 % to 4% while reverse repo rate stands reduced to 3.35%.
The Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference on Friday. The briefing comes days after Finance Minister Nirmala Sitharaman had given the details of the Rs 20 lakh crore economic relief package announced by Prime Minister Narendra Modi last week.
Reserve Bank of India (RBI) Governor Shaktikanta Das addressed media on Friday via video conference saying that a total of 150 RBI workers are in quarantine as the country goes through coronavirus outbreak.
The Reserve Bank of India on March 27 reduced the Cash Reserve Ratio (CRR) of all banks by 100 basis points to 3 percent of Net Demand and Time Liabilities with effect from the fortnight beginning March 28 for a period of one year.
Reserve Bank of India (RBI) Governor Shaktikanta Das said that there is a probability that large parts of the world will slip into recession.
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.
Reserve Bank of India (RBI) Governor Shaktikanta Das said that Repo rate has been reduced by 75 basis points to 4.4%.
RBI Governor Shaktikanta Das on Friday announced a reduction in the Cash Reserve Ratio (CRR) of all banks by 100 basis points to 3% of Net Demand and Time Liabilities with effect from the fortnight beginning March 28 for a period of 1 year.
Speaking on coronavirus pandemic, RBI Governor Shaktikanta Das informed the disease could slowdown domestic as well as global growth.
Reserve Bank of India (RBI) governor Shaktikanta Das is holding a press conference as market mayhem continues due to concerns coronavirus (Covid-19) pandemic. RBI Governor Press Conference LIVE: Shaktikanta Das speaks on Yes Bank:
While addressing during the 15th Annual Banking Summit of the Associated Chambers of Commerce and Industry of India (ASSOCHAM) on March 06 in Mumbai.
Senior Congress leader and former Finance Minister P Chidambaram has hit out at the Centre over Yes Bank crisis accusing the government of a complete regulatory failure. Chidambaram's statement has come after Yes Bank was put under moratorium and depositors withdrawal limit was capped at Rs 50,000.
RBI Governor Shaktikanta Das on Friday said that the Yes Bank resolution will be done very swiftly and 30 days is the outer limit.
The coronavirus outbreak will have a limited impact on India but the global GDP and trade will definitely get affected due to the large size of the Chinese economy, RBI Governor Shaktikanta Das has said.
Reserve Bank of India's (RBI) Governor Shaktikanta Das informed that they have given growth projection of 6% for the next year, which is in line with Economic Survey projection.
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