rbi may 22 announcements
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17 Results Found
  • COVID-19 fight | RBI measures to help in quick revival of economy: SBI Chairman Rajnish Kumar May 22, 2020 03:40 PM IST

    COVID-19 fight | RBI measures to help in quick revival of economy: SBI Chairman Rajnish Kumar

    The measures are a calibrated response to the situation which is emerging on account to the disruptions caused due to COVID-19, he said.

  • RBI gives FPIs another three months to meet investment limits under VRR May 22, 2020 02:48 PM IST

    RBI gives FPIs another three months to meet investment limits under VRR

    Since its introduction, the VRR scheme has seen strong investor participation, with investments exceeding 90 percent of the limits allotted under the scheme.

  • Despite RBI and govt intervention, the light is flashing red. What should investors do? May 22, 2020 02:37 PM IST

    Despite RBI and govt intervention, the light is flashing red. What should investors do?

    The big will get bigger as marginal competition finds it difficult to survive

  • Extension of EMI moratorium: Be mindful of the high interest burden May 22, 2020 02:34 PM IST

    Extension of EMI moratorium: Be mindful of the high interest burden

    Interest will continue to accumulate during the period, as it is a deferment and not a waiver

  • Booster shot! RBI announces special refinance facility of Rs 15,000 crore to SIDBI May 22, 2020 02:15 PM IST

    Booster shot! RBI announces special refinance facility of Rs 15,000 crore to SIDBI

    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.

  • Das comes to the rescue of stressed borrowers again but passes ball to banks' court May 22, 2020 12:38 PM IST

    Das comes to the rescue of stressed borrowers again but passes ball to banks' court

    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.

  • Moratorium extension good for borrowers but will add to banks' NPA stress: Experts May 22, 2020 12:29 PM IST

    Moratorium extension good for borrowers but will add to banks' NPA stress: Experts

    There is substantial liquidity in the banking sector, what is needed is the removal of risk averseness, say experts.

  • Here's what experts think about RBI Governor Shaktikanta Das' May 22 announcements May 22, 2020 12:21 PM IST

    Here's what experts think about RBI Governor Shaktikanta Das' May 22 announcements

    “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

  • Here's the full text of RBI Governor Shaktikanta Das' May 22 conference May 22, 2020 11:35 AM IST

    Here's the full text of RBI Governor Shaktikanta Das' May 22 conference

    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.

  • Accumulated interest for moratorium period can be converted into term loan May 22, 2020 11:13 AM IST

    Accumulated interest for moratorium period can be converted into term loan

    The thus converted term loan does not have to be repaid immediately after moratorium ends

  • RBI raises group exposure limit for banks to 30% from 25% May 22, 2020 10:47 AM IST

    RBI raises group exposure limit for banks to 30% from 25%

    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.

  • GDP growth to remain negative in FY 20-21, says RBI Governor Das May 22, 2020 10:43 AM IST

    GDP growth to remain negative in FY 20-21, says RBI Governor Das

    He stated that if inflation trajectory evolves as expected, more space will open up to address risks to growth

  • RBI Governor Shaktikanta Das: Inflation outlook highly uncertain, may ease in second half of 2020 May 22, 2020 10:38 AM IST

    RBI Governor Shaktikanta Das: Inflation outlook highly uncertain, may ease in second half of 2020

    Inflation is expected to fall below the 4 percent target by Q3, Q4, the RBI Governor said.

  • Governor Shaktikanta Das: RBI extends loan moratorium period by 3 months to August 31 May 22, 2020 10:30 AM IST

    Governor Shaktikanta Das: RBI extends loan moratorium period by 3 months to August 31

    The loan moratorium will be extended till August 31, Das said as he announced the third tranche of COVID-19 relief measures.

  • Repo rate cut: RBI MPC trims benchmark lending rate further by 40 bps to 4% May 22, 2020 10:07 AM IST

    Repo rate cut: RBI MPC trims benchmark lending rate further by 40 bps to 4%

    Das said the decision was taken at an off-cycle meeting of the monetary policy committee held over the past three days.

  • Banks, financials tumble after RBI extends loan moratorium period by 3 months May 22, 2020 09:57 AM IST

    Banks, financials tumble after RBI extends loan moratorium period by 3 months

    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.

  • RBI Governor Shaktikanta Das to hold a press conference at 10 AM today; here's what to expect May 22, 2020 07:37 AM IST

    RBI Governor Shaktikanta Das to hold a press conference at 10 AM today; here's what to expect

    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.

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