Tag: RBI

COVID impact: RBI unveils loan restructuring scheme for individuals, small businesses

Mumbai, May 5: In a bid to provide succor from scourge of COVID-19 pandemic, the Reserve Bank on Wednesday came out with Resolution Framework 2.0 under which individuals and small businesses having exposure up to Rs 25 crore can opt for loan restructuring if they had not availed the […]

India’s economy holding up well against COVID-19 surge, says RBI

India’s economic activity has held up well against the recent spike in COVID-19 cases but the rise in infections risks protracted restrictions and inflationary pressures, the central bank (RBI) said in its monthly bulletin on Monday. “It is noteworthy that economic activity in India is holding up admirably […]

Indian rupee’s fortunes depend on RBI’s intent to prevent further weakness – economists

The Indian rupee’s near-term fortunes may directly be influenced by the Reserve Bank of India’s intent on preventing any further depreciation in the currency as the surge in COVID-19 cases hits jobs and growth, economists and traders said. The rupee has already lost 2.6% against the dollar so […]

RBI forms group to evaluate digital lending

MUMBAI – The Reserve Bank of India on Wednesday formed a working group to look at digital lending in the country, including lending through online platforms and mobile applications, it said in a statement. “Recent spurt and popularity of online lending platforms/ mobile lending apps has raised certain […]

Divergences in rural, urban inflation do not persist for long: RBI paper

Mumbai, Dec 27: Rural-urban inflation divergence does not persist in the long run and converges over time, and both exhibit a long-term equilibrium relationship, said an RBI article. This convergence of rural-urban inflation supports the relevance of one inflation target as nominal anchor at the national level, said the […]

Exclusive: RBI exploring investment options for reserves, sources say

NEW DELHI/MUMBAI – The Reserve Bank of India is looking at diversifying its foreign exchange reserve investments amid the fall in global interest rates caused by the COVID-19 pandemic, according to two government sources aware of the development. The RBI’s foreign exchange reserves stand at a record $560.63 […]

RBI postpones MPC meeting as posts lie vacant

Mumbai, Sep 28: The Reserve Bank on Monday postponed the meeting of the Monetary Policy Committee (MPC), the all-important interest rate-setting panel, over a possible lack of quorum as the appointment of independent members is delayed. The Reserve Bank in a press release said that the MPC meeting, which […]

RBI leaves benchmark lending rate unchanged; maintains accommodative stance

Mumbai, Aug 6: The Reserve Bank of India (RBI) on Thursday opted for a status quo and left interest rates unchanged, but maintained an accommodative stance, implying more rate cuts in future if the need arises to support the economy hit by the COVID-19 crisis The benchmark repurchase (repo) […]

RBI ramps up economic support; cuts interest rates, extends loan moratorium

Mumbai, May 22: The Reserve Bank of India (RBI) on Friday slashed interest rates, extended moratorium on loan repayments and allowed banks to lend more to corporates in an effort to support the economy which is likely to contract for the first time in over four decades. The benchmark […]

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