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RBI alleviating liquidity stress to offset COVID-19 impact on economy
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) has cut the repo rate by 250 basis points since February 2019 to alleviate liquidity stress and provide financial stability in the economy, said Governor Shaktikanta Das on Saturday.
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RBI Guv to deliver keynote address at 7th SBI Banking and Economic Conclav
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 10 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das will deliver the keynote address at the 7th SBI Banking and Economic Conclave tomorrow, July 11.
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PNB reports Rs 3,689 crore exposure to DHFL as fraud
Updated : 5 years, 8 months ago IST
New Delhi [India], July 10 (ANI): Government-owned Punjab National Bank (PNB) has reported a fraud of Rs 3,688.58 crore in the non-performing asset (NPA) account of non-banking financial company Dewan Housing Finance Ltd (DHFL) which is in bankruptcy proceedings.
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Yes Bank's Rs 15,000 crore FPO to open on July 15
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 9 (ANI): Private sector lender Yes Bank said on Thursday it has filed documents for its follow-on public offer (FPO) to raise Rs 15,000 crore in a bid to strengthening its balance sheet.
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RBI announces scheme for improving liquidity position of NBFC, HFCs
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], July 1 (ANI): The Reserve Bank of India (RBI) on Wednesday said the Centre has approved a scheme to improve the liquidity position of non-banking finance companies (NBFCs) and Housing Finance Companies (HFCs) through a Special Purpose Vehicle (SPV) to avoid any
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RBI releases India's International Investment Position data
Updated : 5 years, 9 months ago IST
New Delhi [India], June 30 (ANI): The Reserve Bank of India (RBI) on Tuesday released data relating to India's International Investment Position as it stood at the end of March 2020.
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India's foreign exchange reserves increased by USD 59.5 billion during 201
Updated : 5 years, 9 months ago IST
New Delhi [India], June 30 (ANI): The country's foreign exchange reserves increased by USD 59.5 billion during 2019-20, on a balance of payments basis (excluding valuation effects), the Reserve Bank of India said on Tuesday.
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India's current account balance records marginal surplus during Q4 of 2019
Updated : 5 years, 9 months ago IST
New Delhi [India], June 30 (ANI): India's current account balance (CAB) has recorded a marginal surplus of USD 0.6 billion, which is 0.1 per cent of GDP, in the fourth quarter i.e. January-March 2020, the Reserve Bank of India (RBI) said on Tuesday.
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India's external debt at USD 558.5 billion at end of March-2020
Updated : 5 years, 9 months ago IST
New Delhi [India], June 30 (ANI): The external debt of the country for the year ending March 2020 stood at USD 558.5 billion, the Reserve Bank of India (RBI) on Tuesday said.
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Kanimozhi writes to Sitharaman to consider waving interest on loans taken
Updated : 5 years, 9 months ago IST
New Delhi [India], June 25 (ANI): DMK MP Kanimozhi Karunanidhi wrote to Union Finance Minister over the COVID-19 Regulatory Package by the Reserve Bank of India (RBI), requesting her to consider waiving the interest amount on loans taken by women self-help groups (SHGs) for moratorium per
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1,540 cooperative banks to be brought under RBI's supervision: Prakash Jav
Updated : 5 years, 9 months ago IST
New Delhi [India], June 24 (ANI): Over 1,500 urban and multi-state cooperative banks will be brought under the supervisory power of the Reserve Bank of India (RBI), said Union Minister Prakash Javadekar on Wednesday.
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RBI sensitises people regarding the safe use of digital transactions
Updated : 5 years, 9 months ago IST
New Delhi [India], June 22 (ANI): Reserve Bank of India on Monday sensitised members of the public regarding safe usage of digital transactions and asserted that many mechanisms have been put in place to ensure the security and safety of these transactions.
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