May 17, 2021 10:16 PM IST
The first tranche of Sovereign Gold Bonds (SGBs) 2021-22 will be open for subscription for five days, starting today. The bonds will be issued in six tranches from May 2021 to September 2021, according to the Finance Ministry. The issue price for SGB Scheme 2021-22, which will open for subscription from May 17-22, has been fixed at Rs 4,777 per gram.
- May 17, 2021 05:56 PM IST
The resurgence of COVID-19 has "dented but not debilitated" economic activity in the first half of first quarter of financial year 2021-22, the Reserve Bank said.
- May 17, 2021 12:50 PM IST
Fuel inflation has doubled for two straight months now, hitting 21 percent in April, up from 10.2 percent in March, and just 0.6 percent in February. Further pushed up by a 9 percent rise in manufacturing prices and a continuing uptick in food prices, wholesale inflation reached near-record levels in April.
- May 17, 2021 11:06 AM IST
The real-time gross settlement (RTGS) system will remain operational during this period on May 23, the Reserve Bank of India said.
- May 13, 2021 07:37 PM IST
The Reserve Bank of India (RBI) in 2018 had forbidden banks from dealing in all transactions related to bitcoin and other such assets.
- May 12, 2021 11:01 PM IST
The subscription period for 2021-22 Series I will be May 17-21, and bonds will be issued on May 25.
- May 12, 2021 10:24 PM IST
Foreign currency assets (FCA), a major component of the overall reserves, increased to $536.693 billion as at March-end 2021 from $502.162 billion.
- May 12, 2021 10:41 AM IST
Video KYC, will now be considered on par with the face-to-face customer identification process
- May 11, 2021 01:48 PM IST
MFIs have sought a special liquidity facility of at least Rs 15,000 crore through NABARD and SIDBI.
- May 10, 2021 10:37 AM IST
The Centre said in March it would infuse Rs 14,500 crore in four public sector banks through zero-coupon bonds.
- May 10, 2021 10:22 AM IST
The Reserve Bank of India (RBI) rolled out last Wednesday a slew of measures including a loan restructuring scheme to help lenders tide over mounting bad loans and give some borrowers more time for debt repayment.
- May 07, 2021 05:21 PM IST
Under the scheme, banks can provide fresh lending support to a wide range of entities including vaccine manufacturers; importers/suppliers of vaccine and priority medical devices; hospitals and dispensaries; and pathology labs and diagnostic centres.
- May 07, 2021 03:48 PM IST
On May 5, RBI Governor Shaktikanta Das announced an on-tap liquidity window of Rs 50,000 crore with tenors of up to three years at the repo rate till March 31, 2022.
- May 07, 2021 03:00 PM IST
The window to banks under priority-sector lending to augment COVID-19 healthcare infrastructure will help raise treatment capacity, and availability of medicines and medical equipment, it said.
- May 06, 2021 04:18 PM IST
The RBI on May 5, announced a slew of measures to mitigate impact of the pandemic on the businesses and individuals, including restructuring window for small businesses.
- May 06, 2021 10:22 AM IST
Overall, they feel the steps taken by the central bank will be a relief to the financial system.
- May 05, 2021 05:31 PM IST
Last week, the company reported a growth in its consolidated profit for the fiscal year 2021, rising from Rs 948 crore in FY20 to Rs 1,347 crore in FY21.
- May 05, 2021 04:54 PM IST
A quick wrap of the key announcements made by the RBI Governor, in an unscheduled address today, to tide over Covid second wave.
- May 05, 2021 04:12 PM IST
The central bank has indicated that no punitive restriction on operations of customer accounts shall be imposed by banks till December 31, 2021. Account holders are expected to update their KYC during this period
- May 05, 2021 03:07 PM IST
Developers urge government to dole out similar measures to address concerns of large businesses and labour-intensive sectors.
- May 05, 2021 12:29 PM IST
Borrowers (individuals and MSMEs) with exposure up to Rs 25 crore who did not avail earlier facilities and where loans are standard as on March 31, 2021 will be eligible for restructuring in the second round till September 2020.
- May 05, 2021 12:06 PM IST
In light of the devastating pandemic and its economic impact, Reserve Bank of India governor Shaktikanta Das on Wednesday rolled out a host of measures aimed at easing the distress
- May 05, 2021 11:07 AM IST
The restructuring under the proposed framework can be invoked up to September 30, 2021, and shall have to be implemented within 90 days of invocation.
- May 05, 2021 10:58 AM IST
In 2020, the RBI announced a six-month moratorium and a subsequent one-time restructuring facility for banks.
- May 05, 2021 10:54 AM IST
RBI Governor Shaktikanta Das said that under the scheme, banks can support entities like vaccine manufacturers, medical facilities, hospitals and patients.