RBI keeps key repo rate unchanged at 4%

RBI to announce its bi-monthly monetary policy

Public Sector Banks announce new loans to mitigate impact of Corona

RBI proposes term liquidity facility of Rs 50,000 crore to ease access to emergency health services

RBI allows banks to pay 50 pct of pre-COVID dividends on equity shares

RBI to announce its bi-monthly monetary policy today

<p>The Reserve Bank will announce its final bi-monthly monetary policy review for the financial year 2020-21 today. The meeting of the six-member Monetary Policy Committee headed by RBI Governor Shaktikanta Das will conclude this morning with the policy announcement scheduled for 10 a.m. Mr. Das is also scheduled to address a press conference at 12 […]</p>

RBI keeps repo rate unchanged at 4%

<p>RBI Governor Shaktikanta Das announced on Friday that the Monetary Policy Committee had voted unanimously to keep the repo rate unchanged at 4 per cent. Das made the announcement on the sidelines of the bi-monthly monetary policy review. Experts had expected that stubborn retail inflation, which has remained above the comfort level of the RBI […]</p>

RBI orders HDFC Bank to stop new digital launches after recent outages

<p>The Reserve Bank of India on Thursday imposed several restrictions on HDFC Bank’s digital business, in the wake of several outages in internet and mobile banking operations at the country’s largest private bank in the last two years. The central bank order temporarily restricts the bank from all launches of the digital business, including issuing […]</p>

RBI governor Shaktikanta Das tests positive for COVID-19

<p>Reserve Bank of India governor Shaktikanta Das, on Sunday, said that he has tested positive for COVID-19, adding that he was asymptomatic. Taking to Twitter, Das wrote, “I have tested COVID-19 positive. Asymptomatic.Feeling very much alright.Have alerted those who came in contact in recent days.Will continue to work from isolation. “Work in RBI will go […]</p>

FM: GST compensation gap of over Rs two lakh crore can be met by states in consultation with RBI

<p>States have been given two borrowing options to meet shortfall of GST compensation. After chairing the 41st GST Council meet yesterday, Finance Minister Nirmala Sitaraman said, the two options were placed before states so that each state does not have to struggle for loans. Ms Sitharaman said, this year’s entire GST compensation gap of two […]</p>