Tag: RBI
Cooling Inflation Reinforces Case For Potential RBI Rate Cuts: Report
India’s inflation fell to 4.31 per cent in January from 5.22 per cent, approaching the RBI’s 4 per cent target after four months above 5 per cent and this trend reinforces the case for potential rate cuts, with the repo rate at 6.25 per cent, a new report showed on Saturday. ....
'RBI To Soon Come Up With Scheme For Yes Bank Revival'
The Reserve Bank of India (RBI) will soon come out with a scheme to revive the capital-starved Yes Bank, RBI Governor Shakti Kanta Das said on Friday. ....
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Yes Bank: ED Issues LOC Against Rana Kapoor, Raids Home
The Enforcement Directorate (ED) filed a money laundering case and carried out searches at the residence of the bank's founder Rana Kapoor, officials said. ....
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.....
