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…
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…
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…
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…
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…
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…
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…
‘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…
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…
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…
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…
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…
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…
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.…
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.…
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.…
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…
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.…
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…
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…
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…
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…
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,…
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…
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…
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,…
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…
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…
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…