New Delhi, March 31 The Reserve Bank on Monday notified that some categories of government securities will be opened fully for non-resident investors, and will continue to be open for the domestic investors. At present, G-secs are not fully opened
New Delhi, March 27 In a big relief to the corporate sector, the Reserve Bank of India on Friday allowed a three month moratorium on payment of instalment in respect of all term loans outstanding on March 1, 2020. “All
Mumbai, March 27 The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the COVID-19 outbreak. Accordingly, the Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate
Mumbai, March 27 The Indian stock market witnessed a gap-up opening on Friday and the Sensex traded over 1,100 points higher of hopes of further relief by the Reserve Bank of India (RBI). RBI Governor Shaktikanta Das is scheduled to
Mumbai, March 21 The Reserve Bank of India on Friday announced it would undertake additional purchase of government securities worth Rs 30,000 crore through open market operations (OMO) in a bid to increase liquidity and enhance confidence in the financial
Mumbai, March 18 The Reserve Bank of India (RBI) on Wednesday announced it would purchase government securities worth Rs 10,000 crore through open market operations in a bid to increase liquidity and enhance confidence in the market amid the coronavirus
Mumbai, March 17 Describing the reconstruction scheme for Yes Bank as credible and sustainable, Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday sought to assure the private bank’s depositors that their hard-earned money is safe. He also said
Mumbai, March 16 In a bid to ease the liquidity strain that might be caused due to the coronavirus outbreak and its subsequent economic fallout, the Reserve Bank of India on Monday decided to conduct more long term repo operations
Mumbai, March 16 To deal with the economic fallout of coronavirus outbreak, the Reserve Bank of India is expected to ease key lending rate soon. Accordingly, industry watchers contend that RBI might go ahead and ease lending rate before its
New Delhi, March 15 The new rules for debit and credit cards to increase security and reduce frauds kick in from Monday. In January, the Reserve Bank of India (RBI) had issued new rules to improve user convenience and increase
New Delhi, March 7 Finance Minister Nirmala Sitharaman on Friday said the government has asked the Reserve Bank of India to look into wrongs at the Yes Bank and assign individual responsibilities. The bank was being under watch since 2017
SBI to infuse 2450 cr for 10% stake of face value of Rs 10 Yes Bank Capital Altered to 5000 cr Mumbai, March 6 The Reserve Bank of India on Friday put out the draft of a revival scheme for
Mumbai, March 6 (IANS) While denying that any negotiations took place to acquire equity in Yes Bank, State Bank of India (SBI) has said that it has given an in-principle approval to explore investment opportunity. In a regulatory filing to exchanges,
New Delhi, March 5 The Reserve Bank of India on Thursday announced it has superseded the Yes Bank Board of Directors for 30 days and has appointed former SBI CFO Prashant Kumar as the bank’s administrator. In line with the
New Delhi, March 4 As the spread of coronavirus infection continues to shiver investor sentiments across the globe and with the US Federal Reserve having reduced policy rates by 50 basis points (bps) on Tuesday, the Reserve Bank of India
Mumbai, Feb 28 Private lender IndusInd Bank on Thursday said that it has received RBI’s approval for the appointment of Sumant Kathpalia as the bank’s MD and CEO for three years post the retirement of the incumbent Romesh Sobti. According
New Delhi, Feb 15 Over eighty years after it was set up, the Reserve Bank of India on Saturday decided to follow April-March fiscal year, and not the current July-June, as its accounting year to align with that of the
New Delhi, Feb 15 Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said the transmission of rate cuts was gradually and steadily improving and allayed any fears on the latest inflation spike to 7.59 per cent saying these
New Delhi, Feb 12 The Reserve Bank of India on Tuesday published the draft framework for authorisation of a new pan-India umbrella organisation for retail payment systems, apart from the National Payments Corporation of India (NPCI) which developed the widely-used
By Prakash Bhargava New Delhi—The Reserve Bank of India (RBI) on Thursday announced major relief to medium enterprises by linking pricing of loans for the also on external benchmark effective April 1, 2020 and decided to extend the benefit of
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