RBI Hikes Group Expousre Limit of Banks to 30%
On Friday, Reserve Bank of India (RBI) has raised the group exposure limit of banks to 30 per cent from 25 per cent for a temporary period till...
Category : ECONOMY
Coronavirus Pandemic to Push 60 Mn to ‘Extreme Poverty’: World Bank
The head of the World Bank warned Tuesday that the coronavirus crisis threatens to push some 60 million people into extreme poverty, wiping out the...
Rupee Gains By 30 Paise To Touch 75.61 Mark Against Dollar
The rupee strengthened by as much as 30 paise – or 0.40 per cent – to 75.61 against the US dollar on Tuesday amid a...
World Bank Approves Another $1 Billion Fund for India
Amid the spread of coronavirus pandemic, the World Bank has approved $1 billion aid to support India’s efforts for providing social assistance to poor and...
FM to Announce Second Tranche of Economic Package Today
Finance minister Nirmala Sitharaman will announce details of the second tranche of the Rs 20 lakh crore economic package today. The finance ministry said Sitharaman...
No Pay Cut for Central Govt Employees: Finance Ministry
Amid reports that the central government might impose pay cuts on some categories of central government employees to ease pressure on government’s expenditure during the...
RBI Announces Rs 50K Cr Lifeline for Mutual Funds
To ease liquidity pressures on mutual funds, Reserve Bank of India today announced a special liquidity facility of Rs 50,000 crore for mutual funds. Indian...
RBI Cuts Reverse Repo by 25 bps to 3.75%
The Reserve Bank of India (RBI) cut the reverse repo rate by 25 basis points to 3.75 per cent even as it kept the repo...
FM Welcomes RBI Moves to Help NBFCs, Firms Borrow Cheap
Finance Minister Nirmala Sitharaman on Friday welcomed the Reserve Bank of India’s (RBI’s) steps aimed at helping companies and individuals borrow at cheaper rates,...
RBI Says Banks to Not Give Dividends
On Friday, the Reserve Bank of India (RBI) has asked scheduled commercial banks and co-operative banks not to make any dividends for the financial...