RBI SAYS INDIA FACED COVID WITH ROBUST ECONOMY

HIGHLIGHTS

• RBI released its bi-annual Financial Stability Report.
• The report stated that gross NPA of banks could rise to 13.5% by SEP 2021 from 7.5% in 2020.
• Following COVID-19, expansion in government‘s market borrowing programme wa...

INDIA’S STOCK MARKET NOT IN SYNC WITH REAL ECONOMY WARNS RBI GOVERNOR SHAKTIKANTA DAS

Highlights

• The interest rates were held steady by the monetary policy committee in wake of rising inflation

• Since February, the RBI has brought down the repo rate by a total of 115 bps

• Indian economy will improve in the second half of the financi...

REPO RATE REMAINS UNCHANGED AT 4% SAYS RBI GOVERNOR SHAKTIKANTA DAS

Highlights

• The Reserve Bank of India Governor Shaktikanta Das said imports fell sharply in the month of June

• Real GDP growth is estimated to be negative for the year 2020-21

• RBI clearly said that stressed MSME borrowers will be eligible for debt ...

RESERVE BANK OF INDIA EXTENDS LOAN MORATORIUM TILL AUGUST 31

Highlights

• The repo rate has been slashed by 40 basis points (bps) to 4 percent

• The decision to reduce repo rate and reverse repo rate was taken after five members of the Monetary Policy Committee (MPC) voted in its favour said Governor Shaktikanta Das

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