Tag: RBI
India Logs 9,419 New Covid Cases, 195 Deaths
India on Thursday reported 9,419 fresh Covid cases and 159 deaths in the last 24 hours, said the Ministry of Health and Family welfare on Thursday morning. ....
At 6,984 Cases, India Reports Slight Rise In Daily Covid Count
India reported 6,984 new Covid cases, which is slightly higher than the previous day, and 247 deaths in the last 24 hours, said the Union Ministry of Health and Family Welfare on Wednesday. ....
RBI Hikes Repo Rate By 40 Bps; CRR Increased By 50 Bps
Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the central bank, in an off-cycle meeting, hiked the repo rate by 40 basis points (bps) to 4.40 per cent with immediate effect. ....
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.....
