Tag: RBI
Banks avoid NBFC lending, take 50% of RBI’s refinance
Small non-banking finance companies continued to be shunned by banks, which availed only half of the Rs 25,000-crore refinance offered by the RBI for lending…
Sri Lanka to seek $400m financial facility from RBI
Sri Lanka is set to enter into an agreement with the Reserve Bank of India for a currency swap worth $400 million to boost the…
RBI allows banks to issue e-cards for overdraft a/c
Relaxing norms, the Reserve Bank of India on Thursday permitted banks to issue electronic cards to persons having overdraft accounts that are only in the…
HC order on Indiabulls NCD puts MFs in tight spot
The HC has granted Indiabulls, a non-banking financial company (NBFC), the permission to not pay its debenture holders, including fund houses, interest and principal as…
Lockdown: How RBI can help revive economy
The Reserve Bank of India has a number of policy options to draw upon to cushion the economic blow from the coronavirus pandemic. With a…
Investors gain Rs 2.83L cr as RBI booster lifts mkt
Investor wealth on Friday rose by Rs 2,83,740.31 crore as markets soared over 986 points after a second batch of stimulus measures by the Reserve…
RBI measures to incentivise banks to lend more: FM
Finance minister Nirmala Sitharaman on Friday said the RBI has taken a slew of steps to maintain adequate liquidity in the system, incentivise bank credit…
‘RBI’s steps will enhance liquidity, improve credit supply,’ says PM Modi
PM Narendra Modi said that the RBI’s announcements “will greatly enhance liquidity and improve credit supply” in the system. PM Modi tweeted — “Today’s announcements…
RBI governor Shaktikanta Das’ press briefing: Full text
Reserve Bank of India (RBI) governor Shaktikanta Das on Friday addressed the media via video conferencing to announce measures to support economy during the ongoing…
RBI cuts reverse repo rate by 25 bps to 3.75%: Key points
RBI governor Shaktikanta Das addressed the media amid the ongoing coronavirus crisis. Under liquidity adjustment facility (LAF), reverse repo rate (rate at which RBI borrows…
RBI to use any means necessary to revive growth: Das
All-out efforts are needed to mitigate the adverse impact of the Covid-19 pandemic, and the RBI will use any instrument necessary to revive growth and…
Top NBFCs may not get RBI reprieve
The country’s top NBFCs that are actively monitored by the RBI have around Rs 65,000 crore of bank debt maturing in three months and may…
Coronavirus ‘drastically altered’ India’s growth outlook: RBI
The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its Monetary Policy Report, underlining the…
RBI halves mkt hours for forex, Gsecs
The RBI has restricted operating hours for all the markets that it regulates from 10am to 2pm until April 17. The shorter hours will not…
RBI reduces trading hours for debt, currency markets
The revised market timings will be effective during April 7-17, 2020, the central bank said in a circular on Friday. The market will open at…
RBI announces more measures to deal with Covid-19 pandemic
The Reserve Bank of India on Wednesday announced more measures to counter the economic fallout of the fast-spreading coronavirus pandemic. In a notification, the central…
FinMin, RBI meet on Tuesday to decide borrowing plan for FY21
The Finance Ministry and RBI will hold a meeting on Tuesday to decide on the government’s borrowing plan for the first half of 2020-21 amid…
RBI cuts rate by 75 bps, steepest in over 10 years
The Reserve Bank of India on Friday cut interest rates by 75 basis points (bps)—the sharpest in over a decade. It also made available Rs…
SBI passes on entire benefit, cuts lending rate by 75 bps
State Bank of India (SBI) has passed on the entire cut in interest rates by the RBI to its borrowers by bringing down its external…
RBI announces steps to infuse Rs 1.37L cr liquidity
Amid stress in the financial system due to COVID-19, the Reserve Bank of India (RBI) on Friday announced measures to inject Rs 3.74 lakh crore…
RBI reduces repo rate by 75 bps to 4.4%: Key points
Reserve Bank of India (RBI) governor Shaktikanta Das on Friday announced a 75 basis points cut in its policy repo rate to deal with the…
RBI announcements to safeguard economy from impact of coronavirus: PM Modi
Prime Minister Narendra Modi on Friday said the RBI had taken giant steps to safeguard the economy from the impact of the coronavirus. “The announcements…
EMIs put on hold, big-bang rate cut by RBI
The Reserve Bank of India (RBI) cut repo to 4.4 per cent, the lowest in at least 15 years. Also, it reduced the cash reserve…
Slashed interest rate needs quick transmission: Finance minister
Finance minister Nirmala Sitharaman on Friday asked banks for “quick transmission” of slashed interest rate as the RBI cut the key lending rate sharply by…
RBI rejects sale of Religare arms to TCG
Reserve Bank of India (RBI) has rejected a proposal by TCG Capital to acquire Religare Enterprises’ arms Religare Finvest and Religare Housing Development Finance. The…
RBI may join 38 central banks that have already cut rates
With 38 central banks around the world reducing interest rates in recent weeks in the wake of the coronavirus crisis, Reserve Bank of India is…
RBI to inject Rs 30,000cr liquidity into market
The RBI will inject liquidity of Rs 30,000 crore through open market operations next week to maintain financial stability in the system in the wake…
Banks seek RBI nod for relief to borrowers hit by Covid-19
Relief to coronavirus-hit borrowers from being classified as defaulters and additional funding to help businesses tackle a shutdown are measures that lenders want the regulator…
RBI to buy government bonds to boost liquidity
The Reserve Bank of India (RBI) will buy bonds on the open market for a total of Rs 10,000 crore ($1.35 billion) on Friday to…