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

...

Unchanged Repo Rate by RBI, So What About Your Loans and Fixed Deposits?

After 5 rate cuts in a very row, the Reserve Bank of India (RBI) has finally hit the pause button. The central bank, on Thursday, in its latest financial policy review unbroken the repo and reverse repo rates unchanged. RBI governor Shaktikanta Das the same that though the central bank is in no h...