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Thursday, May 28, 2020



SC notice to RBI on plea seeking loan interest waiver during moratorium

May 26, 2020 2:20 pm

On March 27, the RBI had first announced a 3-month moratorium on all loans -- including home and term loans -- and outstanding credit card dues for three months. It was again extended for another three months till August 31.

Daily briefing: Centre mulls calamity cess on GST; Chinese troops test new areas in Ladakh

May 23, 2020 9:53 am

From RBI's announcement on extension of moratorium on loans to Ghoomketu review, a look at our top stories today.

Banks worried, see ballooning of bad loans in second half of 2020-21

May 23, 2020 12:29 pm

According to data provided by different banks, nearly 25-30 per cent of their outstanding loans have come under moratorium.

Amid worries over high level of pulses inflation, RBI Guv calls for re-appraisal of import duties

May 23, 2020 2:01 am

Food inflation — which had eased in February and March — had “suddenly reversed” and surged 8.6 per cent in April “as supply disruptions took their toll immune to the ongoing demand compression”, said Shaktikant Das.

Easier fund flows for India Inc: Banks’ group exposure limit hiked to 30% of capital base

May 23, 2020 1:42 am

Under the existing guidelines on the Large Exposures Framework, the exposure of a bank to a group of connected counterparties should not be higher than 25 per cent of the lender’s eligible capital base at all times.

Easy going

May 22, 2020 10:47 pm

Monetary policy may have greater space to operate. But there are limits to what it can achieve.

RBI extends moratorium on loans by three months

May 22, 2020 1:58 pm

Reserve Bank of India (RBI) Governor Shaktikanta Das extended the moratorium on loan repayments by three more months in view of coronavirus (COVID-19).

Loan EMIs set to get cheaper as RBI cuts repo rate

May 22, 2020 3:38 pm

Following the announcement by Reserve Bank of India (RBI) Governor Shaktikanta Das, the loan EMIs are set to get cheaper particularly the home loans that are linked to the marginal cost of funds-based lending rate (MCLR) of the lending banks.

From rate cut to moratorium extension: Top announcements by RBI Governor Shaktikanta Das

May 22, 2020 1:48 pm

Reserve Bank of India (RBI) Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent, while the reverse repo rate was reduced simultaneously to 3.35 per cent.

Private banks overtake PSBs in number of borrowers, raise share in loan outstanding

May 22, 2020 6:36 am

An RBI report states that private sector banks led the credit expansion with their share in the total credit successively expanding to 35.7 per cent in December 2019, from 32.2 per cent a year ago and 30.0 per cent two years ago.


‘Think of it the other way, not about govt raiding RBI, but how RBI could have behaved differently’

December 23, 2018 6:21 pm

In this edition of the Idea Exchange, Former Chief Economic Adviser Arvind Subramanian talks about demonitisation, defends GST, explains the reasons why growth has not been robust and reflects back on his tenure as Chief Economic Adviser of India.

Express Eye for Detail Ep 12: Two years of demonetisation, the Diwali mess and Faizabad renamed as Ayodhya

November 12, 2018 9:37 am

Two years on, The Indian Express learns that RBI did not approve of demonetisation and more about the week’s top stories in Express Eye for Detail episode 12.

Eye for Detail EP 12: All about the Ayodhya uncertainty, RBI vs govt and Statue of Unity

November 03, 2018 10:05 am

How the BJP and RSS are reacting to the Supreme Court deferring the Ayodhya case, why the RBI and the government are at loggerheads and what it means to have a statue worth almost Rs 3000 crores. All that and more in this week’s Eye for Detail.

'For the first time we have a majority govt. If some hard decisions have to be taken, they must be announced now'

October 22, 2018 2:05 pm

Former governor of Reserve Bank of India Bimal Jalan talks about how he addressed the issues of transparency and accountability in financial transactions and governance in his new book, India Ahead: 2025 and Beyond.

Congress has no faith in us or any other institution because it has no faith in itself: Narendra Modi

July 21, 2018 9:37 am

Prime Minister Narendra Modi said the Congress party has no faith in the government, the CJI, the RBI or any international organisation that gives data on India's growth. He said it is because Congress has no faith in itself.