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  • Indian companies and industries did better in Corona crisis: Shaktikanta Das

    Indian companies and industries did better in Corona crisis: Shaktikanta Das0

    New Delhi: Reserve Bank of India Governor Shaktikanta Das said at the seventh SBI Banking and Economics Conclave on Saturday that Indian companies and industries did better even in times of Corona crisis. He also emphasized that this crisis showed how strong and flexible the country’s economy and its financial system are. Shaktikanta Das said

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  • Cooperative banks will come under RBI

    Cooperative banks will come under RBI0

    Government takes big step to secure customers’ money in cooperative banks New Delhi: After the Coronavirus lockdown, the central government has decided to bring 1540 cooperative banks under RBI after taking a big decision on the economic conditions of the country. After the cabinet meeting led by Prime Minister Narendra Modi, Union Minister Prakash Javadekar

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  • RBI Cuts Repo Rate By 40 Bps To 4%

    RBI Cuts Repo Rate By 40 Bps To 4%0

    On Friday, at the press briefing post the monetary policy committee’s off-cycle meeting, which has been on for the past three days, Reserve Bank of India (RBI) governor Shaktikanta Das announced a 40 basis points (0.40%) cut in repo rate to 4 percent, with immediate effect. The MPC voted 5-1 for a 40 bps repo

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  • RBI says, loss to global GDP around 9-trillion dollars due to coronavirus pandemic

    RBI says, loss to global GDP around 9-trillion dollars due to coronavirus pandemic0

    New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the world is on the verge of a Great recession due to the corona virus epidemic. The world is expected to suffer $ 9 trillion due to Covid-19 disease, which is comparable to the economy of many developed countries. Global business is

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  • RBI reduces reverse repo rate by 25 basis points

    RBI reduces reverse repo rate by 25 basis points0

    Mumbai: : The Reserve Bank of India (RBI) today reduced the reverse repo rate by 25 basis points from four per cent to 3.75 per cent in a bid to inject liquidity in financial markets. However, the repo rate remains unchanged. This comes amid the COVID-19 pandemic and the subsequent countrywide lockdown. RBI Governor Shaktikanta

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  • RBI cut Repo rate by 75 bps to 4.4%

    RBI cut Repo rate by 75 bps to 4.4%0

    CRR by 100 bps to 3%, banks allowed 3-month moratorium on all loans: Shaktikanta Das Mumbai: Reserve Bank of India Governor Shaktikanta Das announced a reduction in the repo and reverse repo rate on Friday. “The repo rate has been reduced by 75 basis points to 4.4 per cent. The reserve repo rate has been

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