May 22, 2020 03:40 PM IST
The measures are a calibrated response to the situation which is emerging on account to the disruptions caused due to COVID-19, he said.
- May 22, 2020 02:48 PM IST
Since its introduction, the VRR scheme has seen strong investor participation, with investments exceeding 90 percent of the limits allotted under the scheme.
- May 22, 2020 02:37 PM IST
The big will get bigger as marginal competition finds it difficult to survive
- May 22, 2020 02:34 PM IST
Interest will continue to accumulate during the period, as it is a deferment and not a waiver
- May 22, 2020 02:15 PM IST
In order to provide greater flexibility to SIDBI in its operations, it has been decided to roll over the facility at the end of the 90th day for another period of 90 days.
- May 22, 2020 12:38 PM IST
So far, if one looks at measures from the government and the RBI, the central bank’s actions have offered immediate support to the borrowers.
- May 22, 2020 12:29 PM IST
There is substantial liquidity in the banking sector, what is needed is the removal of risk averseness, say experts.
- May 22, 2020 12:21 PM IST
“The RBI is ready to use all its instruments to address the dynamics of an unknown future. Today's trials will be traumatic but together we will triumph,” Governor Das said
- May 22, 2020 11:35 AM IST
The RBI Governor announced a 40 basis points cut in the repo rate, extended the term loan moratorium by a further three months among other announcements.
- May 22, 2020 11:13 AM IST
The thus converted term loan does not have to be repaid immediately after moratorium ends
- May 22, 2020 10:47 AM IST
The RBI had set the 25 percent limit for group exposure in June 2019, and capped lenders' exposure to a single party at 20 percent.
- May 22, 2020 10:43 AM IST
He stated that if inflation trajectory evolves as expected, more space will open up to address risks to growth
- May 22, 2020 10:38 AM IST
Inflation is expected to fall below the 4 percent target by Q3, Q4, the RBI Governor said.
- May 22, 2020 10:30 AM IST
The loan moratorium will be extended till August 31, Das said as he announced the third tranche of COVID-19 relief measures.
- May 22, 2020 10:07 AM IST
Das said the decision was taken at an off-cycle meeting of the monetary policy committee held over the past three days.
- May 22, 2020 09:57 AM IST
The loan moratorium will be extended till August 31, says RBI governor Shaktikanta Das. This makes it a six-month moratorium. He added that the lending institutions are being permitted to restore the margins for working capital to the origin level by March 31, 2021.
- May 22, 2020 07:37 AM IST
In the first two pressers, the RBI governor announced a series of measures to ease liquidity pressure in the banking system and cushion the economy from the COVID-19 shock.