Reserve Bank Of India Rbi

Sensex, Nifty To Have A Positive Start

Business | Edited by Peter Noronha (with inputs from agencies) | Friday October 9, 2020

The Shaktikanta Das-led Reserve Bank of India (RBI) is set to announce its policy decision at 10:00 am at the end of three-day monetary policy committee.

"Only Solution": Centre To Waive Compound Interest On Loans Up To 2 Crore

India News | Reported by A Vaidyanthan, Edited by Deepshikha Ghosh | Saturday October 3, 2020

In a huge reprieve for borrowers, the government has told the Supreme Court that it is ready to waive interest on the repayment of loans of up to Rs 2 crore, frozen by the Reserve Bank of India (RBI) in a six-month moratorium granted because of the coronavirus pandemic.

On Loan Moratorium And Interest Payments, Centre's October 1 Deadline

India News | Reported by A Vaidyanathan, Edited by Anindita Sanyal | Monday September 28, 2020

The Centre has to take a call by October 1 on how much time it will give to borrowers who have not been able to repay loans due to the coronavirus pandemic. It also has to decide whether they have to pay interest for this period, the Supreme Court said today. The government got a week's time from the Supreme Court today, by the end of which it has ...

Supreme Court Gives Centre 1 More Week To Submit Loan Moratorium Plan

Business | Reported by A Vaidyanathan, Edited by Sandeep Singh | Monday September 28, 2020

The Supreme Court today allowed the government one more week to come up with a plan on loan moratorium to ease the financial burden on borrowers during the coronavirus crisis. The top court, which had asked the government to submit its plan on September 28, deferred the hearing till October 5 after the government sought more time. The government, h...

Consumer Inflation At 6.69% In August, Remains Above RBI Target

Business | Edited by Sandeep Singh | Monday September 14, 2020

Consumer inflation in the country came in at 6.69 per cent in August, a notch lower compared to 6.73 per cent in the previous month and slightly better than economists' estimates, government data showed on Monday. Marginally easing food prices, with the gradual lifting of coronavirus-related restrictions, led to the improvement in the overall infla...

KV Kamath Panel Identifies 26 COVID-19-Affected Sectors For Debt Resolution

Business | Edited by Sandeep Singh (with inputs from agencies) | Monday September 7, 2020

The Reserve Bank of India (RBI) said on Monday that it had broadly accepted recommendations made by a committee on loans restructuring for COVID-19-affected businesses. The RBI-appointed panel, under eminent banker KV Kamath, recommended five financial ratios for 26 sectors - including aviation, construction, power, real estate and automobiles - wh...

RBI's KV Kamath Committee Picks 26 Sectors For Loan Restructuring, Lists Criteria

Business | Edited by Abhik Deb (with inputs from agencies) | Monday September 7, 2020

The committee will also scrutinise restructuring of loans above Rs 1,500 crore

Loans Under Moratorium Till August 31 Not To Be Declared NPAs: Supreme Court

Business | Reported by A Vaidyanathan, Edited By Abhishek Vasudev | Thursday September 3, 2020

Loan accounts of borrowers availing the moratorium will not be declared as non-performing assets - or bad loans - till further order, the Supreme Court said on Thursday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the Reserve Bank of India (RBI) t...

Loan Moratorium Expires Today, RBI Unlikely To Extend Relief: Report

Business | Edited by Abhik Deb (with inputs from agencies) | Monday August 31, 2020

The Supreme Court, on September 1, will hear a fresh plea seeking extension of the scheme

Recovery Hopes Dashed For India's Recession-Hit Economy: Poll

Business | Reuters | Friday August 28, 2020

Indian economy likely shrank 18.3 per cent during that period, according to the August 18-27 poll of over 50 economists.

"RBI Has Confirmed What I Have Been Warning For Months": Rahul Gandhi

India News | Reported By Sunil Prabhu, Edited By Swati Bhasin | Wednesday August 26, 2020

Rahul Gandhi said that "distractions through media won't help the poor" as he tweeted about the Reserve Bank of India's latest warning on economic contraction amid the novel coronavirus pandemic.

Court Issues Notice To Government, RBI In Plea Against Google Pay

Business | Edited by Abhik Deb (with inputs from agencies) | Monday August 24, 2020

The plea sought directions to Google India Digital Service to give an undertaking to not store data on its app under UPI ecosystem

Private Banks Surge After RBI Chief Says Loan Restructuring Will Help Revive Economy

Business | Edited By Abhishek Vasudev | Monday August 24, 2020

The gauge of banking shares on the National Stock Exchange - Nifty Bank index -surged as much as 2.38 per cent or 531 points.

RBI Extends Registration Deadline For Lateral Recruitment Process

Jobs | Edited by Maitree Baral | Monday August 24, 2020

Reserve Bank of India (RBI) has extended the registration deadline for lateral recruitment of Consultants, Specialists and Analysts. Applications can now be submitted on or before September 5.

RBI Approves Dividend Payout Of Rs 57,000 Crore To Government

Business | Edited by Sandeep Singh (with inputs from agencies) | Friday August 14, 2020

The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of more than Rs 57,000 crore to the government. The development comes at a time when the government's fiscal deficit hit a record Rs 6.62 lakh crore in the April-June period as the coronavirus pandemic-triggered lockdown affected government's revenue collections. Fiscal de...