Tag: RBI
Yes Bank's Public Shareholders Lose Rs 7,000 Cr Post RBI Takeover
Public shareholders of Yes Bank faced bigger losses on the RBI's latest action on the private sector lender with Friday's stock price of Rs 16.60, meaning that their stake value now stands at Rs 3,880.91 crore against Rs 10,976.82 crore in December 31, a loss of Rs 7,092 crore and it could be more if the stock price is hammered more in coming days.....
Yes Bank Shares Soar 60% Post Moody's Upgrade, RBI Assurance
Crisis-hit Yes Bank's stocks have surged over 60 per cent, a day after Moody's upgraded its outlook for the bank and the Reserve Bank Governor assured that the bank's revival plan is credible bank and it may infuse more liquidity if required. ....
RBI Allows 3 Month Moratorium On All Term Loan EMIs
In a big relief to the corporate sector, the Reserve Bank of India on Friday allowed a three month moratorium on payment of instalment in respect of all term loans outstanding on March 1, 2020.....
Sitharaman Lauds RBI Rate Cut, Says Need Quick Transmission
After the RBI Governor announced an emergency rate cut on Friday, Union Finance Minister Nirmala Sitharaman lauded the move and stressed the need for lower cost of retail loans and that reduced interest rate needs quick transmission.....
RBI Hints At Further Cut In Interest Rate To Counter Corona Risks
The Reserve Bank of India has hinted at further cuts in interest rates to maintain adequate liquidity in the system and counter the intensification of risks to growth and financial stability brought on by COVID-19. ....
RBI Keeps Repo Rate Unchanged At 4 Percent
Adopting a wait and watch approach, the Reserve Bank retained its key short-term lending rates along with the growth-oriented accommodative stance during the final monetary policy review of FY21. ....
Covid Vaccination Phase 3: How To Register, Choose CVC, All You Need To Know
India is all set to embark on the third and the largest phase of vaccination drive against Covid-19 which will reach out to around 27 crore of population aged above 60 or above 45 with co-morbid conditions.....
India Records Over 14K Covid-19 Cases
Amid a worrying upward trend, India registered 14,989 new coronavirus cases and 98 fatalities in the last 24 hours, which pushed the overall infection tally and death toll to 1,11,39,516 and 1,57,346, respectively, the Union Health Ministry said on Wednesday. ....
CBI Books Cadbury India, Searches Several Premises
The Central Bureau of Investigation (CBI) on Wednesday carried out searches at 10 locations of Cadbury India Ltd, now known as Mondelez Foods Private Limited, in connection with a case it registered for alleged corruption and misrepresentation of facts to fraudulently avail area-based tax benefits in Baddi, Himachal Pradesh. ....
SC Restrains Banks From Charging Interest-on-interest On Borrower During Moratorium
The Supreme Court on Tuesday said any amount collected during moratorium period by banks as interest on interest or compound interest, should either be refunded or adjusted against the next EMIs payable by the borrowers. ....
