Tag Archives: RBI

Michael Patra, a member of the RBI’s monetary policy committee, said that it may take years for India’s GDP to regain production lost due to the coronavirus pandemic. Patra’s statement is part of the MPC minutes released by the central bank from the October 7-9 meeting. “If the projections hold …

NEW DELHI The next round of economic stimulus measures could focus on infrastructure projects that can be implemented quickly and can make the economic recovery sustainable, said Rajiv Kumar, vice chairman of the federal policy think tank NITI Aayog. Kumar said in a webinar organized by the Public Affairs Forum …

“It is very important that financial institutions have adequate capital (to support growth),” he said. Many of them have already raised capital and others are planning, he mentioned, adding that they certainly would in the coming months. Both fiscal and monetary policy were countercyclical and accommodative, both working in close …

Signs of recovery for India’s troubled shadow banks have taken a step back as concerns about the true impact of the pandemic on lenders resurfaced. Average lenders’ AAA-rated five-year bond spreads increased for the first time in four months in September. Of the other three shadow banking sector health tracking …

MUMBAI : The Reserve Bank of India said on Friday that it will hold the first auction to purchase state government bonds for a total amount of ₹10,000 crore through open market operations (OMO) on October 22, 2020. “It has been decided to carry out an auction for the purchase …

On Wednesday, the Supreme Court said that the government should implement “as soon as possible” the exemption of compound interest on loans of up to 2 million rupees under the RBI moratorium scheme, as the borrower cannot be expected to keep waiting. for a month, adding that the common man’s …

MUMBAI : Loans that were in arrears for more than 30 days on March 1, but in which the overdue amount was later repaid will not be eligible for debt consolidation under the new debt consolidation window, the Bank has clarified of the Indian Reserve. The central bank published a …

The central government announced on Monday a ₹Demand for Rs 73 billion pushes the economy ahead of the holiday season, following the lead of the Reserve Bank of India (RBI), which tried to support an economic recovery in its October monetary policy. While measures to boost consumer spending, as well …

New Delhi: Stung by the coronavirus pandemic, industrial production contracted 8 percent in August, mainly due to lower output from the manufacturing, mining and power generation sectors, official data showed on Monday. According to data from the Industrial Production Index (IIP), the production of the manufacturing sector registered a decrease …

Written by Ananthakrishnan G | New Delhi | Updated: October 11, 2020 2:26:57 am The Resolution Framework for Covid19-related stress, which was announced on August 6, 2020, provides a “more durable solution,” the RBI said. (File photo) The Reserve Bank of India has told the Supreme Court that the continuation …