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Govt-guaranteed COVID-19 crisis liquidity bridge from banks for sustainabl
Updated : 5 years, 10 months ago IST
New Delhi [India], May 12 (ANI): The government, the Reserve Bank of India (RBI) and banks need to collectively take measures to ensure that businesses do not collapse en masse due to COVID-19 impact and in turn push banks into a systemic failure, according to a study by lead industry body F
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Tamil Nadu govt forms high-level committee, headed by former RBI Guv, to a
Updated : 5 years, 10 months ago IST
Chennai (Tamil Nadu) [India], May 9 (ANI): The Tamil Nadu government has constituted a high-Level Committee, headed by Dr C Rangarajan, former Reserve Bank of India Governor, to assess the overall immediate and medium-term impact of COVID-19 on the state's economy, including the impact of th
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RBL Bank clocks profit of Rs 114 crore in Q4
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 7 (ANI): Private sector lender RBL Bank on Thursday reported a net profit of Rs 114 crore in the fourth quarter ended March (Q4 FY20) compared to Rs 70 crore in the previous quarter (October to December), marking a 64 per cent growth sequentially but 54 per
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Centre nominates Economic Affairs Secretary as Director RBI Central Board
Updated : 5 years, 10 months ago IST
New Delhi [India], May 6 (ANI): The Centre has nominated Secretary of Economic Affairs Department Ministry of Finance Tarun Bajaj as a director on the Central Board of Reserve Bank of India (RBI).
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Ameyo launches video KYC engagement platform for Banking and Finance secto
Updated : 5 years, 10 months ago IST
Gurugram (Haryana) [India], May 4 (ANI/NewsVoir): Ameyo, an Omnichannel Customer Engagement Technology provider, today announced the launch of video-based KYC for businesses to eliminate the need for physical KYC following the latest RBI guidelines issued in Jan 2020.
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RBI extends regulatory benefits under SLF-MF Scheme
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], April 30 (ANI): The Reserve Bank of India (RBI) on Thursday decided that regulatory benefits announced under the special liquidity facility for mutual funds (SLF-MF) scheme will be extended to all banks, irrespective of whether they avail funding from the cen
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India needs to be cleverer in lifting lockdown: Raghuram Rajan tells Rahul
Updated : 5 years, 10 months ago IST
New Delhi [India], April 30 (ANI): Former Reserve Bank of India (RBI) Governor Raghuram Rajan on Thursday said that unemployment numbers are really worrying and India needs to be "cleverer" about lifting the lockdown.
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Rahul should have asked Rajan about loans given to Nirav Modi, Choksi, Mal
Updated : 5 years, 10 months ago IST
New Delhi [India], April 30 (ANI): Senior BJP leader Gopal Krishna Agarwal on Thursday termed Congress leader Rahul Gandhi's conversation with former Reserve Bank of India (RBI) Governor Raghuram Rajan as "unproductive" and "futile".
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Rs 65,000 crore needed to help poor, reopen economy in measured way: Raghu
Updated : 5 years, 10 months ago IST
New Delhi [India], April 30 (ANI): Former Reserve Bank of India (RBI) Governor Raghuram Rajan said that Rs 65,000 crore is required to help the poor affected by the coronavirus-induced lockdown. He also laid stress on the need to restart the economy while taking precautions.
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Rahul Gandhi set to start series of discussion with experts from India and
Updated : 5 years, 10 months ago IST
New Delhi [India], April 30 (ANI): Congress leader Rahul Gandhi is starting a new campaign by holding a series of discussion with experts to fight the corona pandemic and especially its impact on the economy. In the series, Rahul will talk to the experts hailing from different fields, of the
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RBI's mutual fund support plan may struggle to be effective: Fitch
Updated : 5 years, 10 months ago IST
Singapore, April 29 (ANI): The official support measures announced for mutual funds in India may struggle to be effective as under-capitalised banks are unlikely to be tempted to extend liquidity to the sector without capital relief on the facilities, according to Fitch Ratings.
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Nirmala Sitharaman rebuts Rahul Gandhi's allegations on 'wilful defaulters
Updated : 5 years, 10 months ago IST
New Delhi [India], April 29 (ANI): Finance Minister Nirmala Sitharaman on Tuesday rebutted Congress leaders Rahul Gandhi and Randeep Singh Surjewala's allegations regarding "wilful defaulters, bad loans and write-offs", and stated that they have "attempted to mislead people in a brazen manne
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