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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

  • RBI issued emergency alert to all banks0

    Said- Corona epidemic may cause slowdown in domestic economic growth New Delhi: Seeing the havoc of the corona virus in India, Reserve Bank of India Governor Shaktikanta Das has instructed all banks in the country to be alerted. RBI Governor Shaktikanta Das has said that all banks should be prepared for the emergency situation. The

  • Yes Bank: RBI announces scheme of reconstruction0

    New Delhi. Finance Minister Nirmala Sitharaman made a special press conference in this regard just one day after banning Yes Bank and fixing withdrawal limit. Also, the Reserve Bank of India has given detailed information about restructuring of Yes Bank on its website. The country’s largest bank, State Bank of India will buy a 49

  • RBI deputy governor NS Vishwanathan resign0

    New Delhi: Reserve Bank of India Deputy Governor NS Vishwanathan has resigned due to health reasons. There is still three months left for his retirement. Vishwanathan’s resignation comes as a major setback for the central bank amidst a period of significant deceleration in the country’s continuing GDP, bank mergers and efforts to control inflation. Viswanathan

  • RBI eyes on the effect of corona virus, ready to take necessary steps0

    Mumbai: The Reserve Bank said on Tuesday that it is monitoring the global as well as domestic situation regarding the effects of the dreaded corono virus. He also said that he is ready to take necessary steps to ensure that the financial markets function properly. The RBI said in a statement that financial markets have

  • The Reserve Bank alone cannot control inflation: C Rangarajan0

    New Delhi: Former Reserve Bank Governor C Rangarajan has said that RBI alone cannot control inflation as supply matters need to be managed by the government. In a letter titled ‘New Monetary Policy Framework — It Means’, Rangarajan has discussed the RBI’s limits on containing inflation. “The target set for inflation should have a scope