Written by Udit Misra, edited by Explained Desk | New Delhi | Updated: December 7, 2020 8:24:48 am The Governor of the Reserve Bank of India, Shaktikanta Das, at the RBI office in New Delhi (Express Photo / Tashi Tobgyal / Archive) Dear readers, Exactly one year ago, Finance Minister …
Read More »Increased contactless card transaction limit, what does it mean?
RBI Governor Shaktikanta Das said the contactless card limit was increased from Rs 2,000 to Rs 5,000. The Governor of the Reserve Bank of India (RBI), Shaktikanta Das, announced today that the central bank has increased the limit for contactless card payments from Rs 2,000 to Rs 5,000 per transaction. …
Read More »Explained: Why RBI Believes A ‘Faster, Stronger Rebound’ Is Possible
Written by George Mathew, edited by Explained Desk | Updated: October 9, 2020 7:40:01 pm Reserve Bank of India (RBI) Governor Shaktikanta Das addresses via live broadcast as he announces the central bank’s monetary policy decisions, in Mumbai on Friday. (PTI) Disclosing the bi-monthly monetary policy, the Reserve Bank of …
Read More »With a host of measures, RBI’s Das becomes the link whisperer
MUMBAI: India’s sovereign bond market saw all its payers responded on Friday, even the silent ones. Reserve Bank of India (RBI) Governor Shaktikanta Das donned the hat of a bond whisperer by giving investors an unbridled commitment to support them. The RBI is now open to not only injecting more …
Read More »India Markets Explained: What’s Driving Sensex?
Written by Sandeep Singh, edited by Explained Desk | New Delhi | Updated: October 9, 2020 12:35:05 pm A man walks past the EEB building as the Sensex crossed the 40,000 mark, in Mumbai, on Thursday, October 8, 2020 (PTI Photo: Mitesh Bhuvad). Benchmark Sensex on BSE crossed closed above …
Read More »RBI to hold TLTRO on tap to boost credit collection
MUMBAI: The Reserve Bank of India (RBI) said on Friday that it will introduce long-term repurchase operations (TLTROs) available for banks to borrow up to ₹1 trillion from the window and invest in corporate bonds and other debt instruments of certain sectors. Banks can also use these funds to make …
Read More »