Reserve Bank of India

Scrapping of 7.75% savings bonds to hit savers, pensioners

May 29, 2020 1:16 pm

According to fund managers and analysts, the 7.75 per cent Savings (Taxable) Bonds, 2018 was the favourite investment option for savers and pensioners who considered these bonds as safe and generating adequate returns.

What is the problem that monetisation is trying to solve?

May 28, 2020 9:23 am

If government crosses Rubicon, markets will fear that constraints on fiscal policy are being abandoned.

Loan interest during moratorium: Supreme Court notice to Govt, RBI

May 27, 2020 1:32 am

The petitioner urged the court to declare ultra vires that part of the RBI’s March 27 notification on the charging of interest since it “creates hardship in the present scenario of complete national lockdown being extended from time to time due to the Covid-19 outbreak”.

Economy to contract, says RBI, cuts repo, extends moratorium

May 23, 2020 2:43 am

At an out-of-cycle meeting of its six-member monetary policy committee (MPC), 13 days before schedule, the panel cut the repo rate by 40 basis points to its lowest level in over 20 years, a move that is being seen as more of a signal rather than aimed at actual outcomes.

Explained: Impact of RBI's decisions to slash repo rate, extend loan moratorium

May 23, 2020 8:21 am

RBI Repo Rate: The MPC is of the view that the macroeconomic impact of the pandemic is turning out to be more severe than initially anticipated, and various sectors of the economy are experiencing acute stress.

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.

Governor Shaktikanta Das press conference highlights: RBI cuts rate, extends loan relief

May 22, 2020 2:38 pm

RBI Governor Shaktikanta Das press conference highlights: The decision to reduce repo rate was taken to revive growth and mitigate the impact of the coronavirus pandemic.

As lockdown extends, banks seek another 3-mth moratorium from RBI

May 21, 2020 10:58 am

Banks are already facing sluggish credit offtake and a spike in non-performing assets (NPAs) due to the lockdown and the contraction in the economy.

Farmers' plight should "shake the conscience" of the banking sector : PM Narendra Modi

April 02, 2015 5:27 pm

PM Narendra Modi complimented RBI Governor Raghuram Rajan for his grasp and clarity on economic issues.

Will Ex-PepsiCo chief Indra Nooyi be the World Bank's next CEO?

January 16, 2019 3:40 pm

Ex-PepsiCo CEO Indra Nooyi is reportedly among the frontrunners for the post of World Bank CEO. US President Donald Trump is considering multiple candidates to nominate for the post and Nooyi's name is reportedly being considered.

RBI Removes Withdrawal Limits On ATMs For Current Accounts

January 30, 2017 7:24 pm

RBI Buckles Under Pressure, Withdraws Rs 5,000 Deposit Limit

December 21, 2016 2:59 pm