Azlyrics April 24, 2020 Lyrics Banks avoid NBFC lending, take 50% of RBI’s refinance Small non-banking finance companies continued to be shunned by banks, which availed only half of the Rs 25,000-crore refinance offered…
Azlyrics April 24, 2020 Lyrics Sri Lanka to seek $400m financial facility from RBI Sri Lanka is set to enter into an agreement with the Reserve Bank of India for a currency swap worth…
Azlyrics April 23, 2020 Lyrics RBI allows banks to issue e-cards for overdraft a/c Relaxing norms, the Reserve Bank of India on Thursday permitted banks to issue electronic cards to persons having overdraft accounts…
Azlyrics April 21, 2020 Lyrics HC order on Indiabulls NCD puts MFs in tight spot The HC has granted Indiabulls, a non-banking financial company (NBFC), the permission to not pay its debenture holders, including fund…
Azlyrics April 21, 2020 Lyrics Lockdown: How RBI can help revive economy The Reserve Bank of India has a number of policy options to draw upon to cushion the economic blow from…
Azlyrics April 17, 2020 Lyrics Investors gain Rs 2.83L cr as RBI booster lifts mkt Investor wealth on Friday rose by Rs 2,83,740.31 crore as markets soared over 986 points after a second batch of…
Azlyrics April 17, 2020 Lyrics RBI measures to incentivise banks to lend more: FM Finance minister Nirmala Sitharaman on Friday said the RBI has taken a slew of steps to maintain adequate liquidity in…
Azlyrics April 17, 2020 Lyrics ‘RBI’s steps will enhance liquidity, improve credit supply,’ says PM Modi PM Narendra Modi said that the RBI’s announcements “will greatly enhance liquidity and improve credit supply” in the system. PM…
Azlyrics April 17, 2020 Lyrics RBI governor Shaktikanta Das’ press briefing: Full text Reserve Bank of India (RBI) governor Shaktikanta Das on Friday addressed the media via video conferencing to announce measures to…
Azlyrics April 17, 2020 Lyrics RBI cuts reverse repo rate by 25 bps to 3.75%: Key points RBI governor Shaktikanta Das addressed the media amid the ongoing coronavirus crisis. Under liquidity adjustment facility (LAF), reverse repo rate…
Azlyrics April 13, 2020 Lyrics RBI to use any means necessary to revive growth: Das All-out efforts are needed to mitigate the adverse impact of the Covid-19 pandemic, and the RBI will use any instrument…
Azlyrics April 13, 2020 Lyrics Top NBFCs may not get RBI reprieve The country’s top NBFCs that are actively monitored by the RBI have around Rs 65,000 crore of bank debt maturing…
Azlyrics April 9, 2020 Lyrics Coronavirus ‘drastically altered’ India’s growth outlook: RBI The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its…
Azlyrics April 4, 2020 Lyrics RBI halves mkt hours for forex, Gsecs The RBI has restricted operating hours for all the markets that it regulates from 10am to 2pm until April 17.…
Azlyrics April 3, 2020 Lyrics RBI reduces trading hours for debt, currency markets The revised market timings will be effective during April 7-17, 2020, the central bank said in a circular on Friday.…
Azlyrics April 1, 2020 Lyrics RBI announces more measures to deal with Covid-19 pandemic The Reserve Bank of India on Wednesday announced more measures to counter the economic fallout of the fast-spreading coronavirus pandemic.…
Azlyrics March 29, 2020 Lyrics FinMin, RBI meet on Tuesday to decide borrowing plan for FY21 The Finance Ministry and RBI will hold a meeting on Tuesday to decide on the government’s borrowing plan for the…
Azlyrics March 28, 2020 Lyrics RBI cuts rate by 75 bps, steepest in over 10 years The Reserve Bank of India on Friday cut interest rates by 75 basis points (bps)—the sharpest in over a decade.…
Azlyrics March 28, 2020 Lyrics SBI passes on entire benefit, cuts lending rate by 75 bps State Bank of India (SBI) has passed on the entire cut in interest rates by the RBI to its borrowers…
Azlyrics March 27, 2020 Lyrics RBI announces steps to infuse Rs 1.37L cr liquidity Amid stress in the financial system due to COVID-19, the Reserve Bank of India (RBI) on Friday announced measures to…
Azlyrics March 27, 2020 Lyrics RBI reduces repo rate by 75 bps to 4.4%: Key points Reserve Bank of India (RBI) governor Shaktikanta Das on Friday announced a 75 basis points cut in its policy repo…
Azlyrics March 27, 2020 Lyrics RBI announcements to safeguard economy from impact of coronavirus: PM Modi Prime Minister Narendra Modi on Friday said the RBI had taken giant steps to safeguard the economy from the impact…
Azlyrics March 27, 2020 Lyrics EMIs put on hold, big-bang rate cut by RBI The Reserve Bank of India (RBI) cut repo to 4.4 per cent, the lowest in at least 15 years. Also,…
Azlyrics March 27, 2020 Lyrics Slashed interest rate needs quick transmission: Finance minister Finance minister Nirmala Sitharaman on Friday asked banks for “quick transmission” of slashed interest rate as the RBI cut the…
Azlyrics March 24, 2020 Lyrics RBI rejects sale of Religare arms to TCG Reserve Bank of India (RBI) has rejected a proposal by TCG Capital to acquire Religare Enterprises’ arms Religare Finvest and…
Azlyrics March 21, 2020 Lyrics RBI may join 38 central banks that have already cut rates With 38 central banks around the world reducing interest rates in recent weeks in the wake of the coronavirus crisis,…
Azlyrics March 20, 2020 Lyrics RBI to inject Rs 30,000cr liquidity into market The RBI will inject liquidity of Rs 30,000 crore through open market operations next week to maintain financial stability in…
Azlyrics March 19, 2020 Lyrics Banks seek RBI nod for relief to borrowers hit by Covid-19 Relief to coronavirus-hit borrowers from being classified as defaulters and additional funding to help businesses tackle a shutdown are measures…
Azlyrics March 18, 2020 Lyrics RBI to buy government bonds to boost liquidity The Reserve Bank of India (RBI) will buy bonds on the open market for a total of Rs 10,000 crore…