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RBI Governor allows to pause loan EMIs for 3 months | RBI Governor allows to pause loan EMIs for 3 months | English.Lokmat.Com

RBI Governor allows to pause loan EMIs for 3 months

A day after Finance Minister Nirmala Sitharman announced a Rs 1.7 lakh crore relief package for the poor of ...
RBI Governor allows to pause loan EMIs for 3 months

A day after Finance Minister Nirmala Sitharman announced a Rs 1.7 lakh crore relief package for the poor of the country, Reserve Bank of India (RBI) Governor Shaktikanta Das is set to address a press conference, with possible monetary assistance.

Mar 27, 2020, 10:07 AM

Equity markets jump ahead of RBI Governer's press meet

S&P BSE Sensex is up almost 1,000 points ahead of the RBI press conference and the broader NSE Nifty-50 is up by over 300 points inching closer to 9,000 level.

Mar 27, 2020, 10:13 AM

MPC meet met ahead of the scheduled date, cuts rate by 75 basis points

RBI governor announced the Monetary Policy Committee met early and decided to cut repo rate by 75 basis points.
 

Mar 27, 2020, 10:13 AM

RBI is on a war footing to fight the Coronavirus: Shaktikanta Das

RBI is ready to fight the coronavirus, we are fighting the Coronavirus at our end as well, said Shaktikanta Das.

Mar 27, 2020, 10:14 AM

MPC met ahead of time and voted 4-2 for a rate cut

The Monetary Policy Committee voted 4-2 in favour of a rate cut.

Mar 27, 2020, 10:17 AM

Global slowdown could deepen and affect India, crude oil prices could help: Das

The Reserve Bank of India said that India could be hit with the global economy slowing down because of Coronavirus.
 

Mar 27, 2020, 10:18 AM

Large part of the world may face recession

Global economic activity have come to a standstill; the rising probability that a large part of the world faces recession. - RBI Governor Shaktikanta Das
 

Mar 27, 2020, 10:19 AM

Outlook for India is uncertain

The outlook is completely uncertain and this type of outlook has never been witnessed. - Shaktikanta Das
 

Mar 27, 2020, 10:21 AM

Growth and Inflation projections badly hit : RBI Governor

Projections of growth and inflation could be badly hit, MPC has refrained from giving specific growth and inflation numbers.

Mar 27, 2020, 10:22 AM

MPC takes measure to inject liquidity into system

MPC takes measure to inject liquidity into system, advices bank to do everything to release credit. - Shaktikanta Das
 

Mar 27, 2020, 10:22 AM

MPC cuts reverse repo rate by 90 basis points

MPC cuts reverse repo rate by 90 basis points to make it less attractive for banks to stack cash in RBI. - Shaktikanta Das
 

Mar 27, 2020, 10:23 AM

We are fighting an invisible assassin: Das

RBI Governor Das said that the world is fighting an invisible assassin, as he announced a repo rate cut of 75bps taking the rate effectively to 4.4%

Mar 27, 2020, 10:23 AM

RBI announces comprehensive package

RBI announces comprehensive package, including, measures to expand liquidity, steps to reinforce monetary transmission, efforts to ease financial stress by relaxing repayment, and endeavour to improve the functioning of the market.

Mar 27, 2020, 10:26 AM

CRR is cut by 100 basis points to 3%

Despite ample liquidity in the system, the transmission is slow, hence CRR is cut by 100 basis points to 3 per cent. - Shaktikanta Das
 

Mar 27, 2020, 10:28 AM

CRR daily balance is cut from 90% to 80%

Minimum CRR daily balance is cut from 90% to 80%, due to social distancing in banks. - Shaktikanta Das
 

Mar 27, 2020, 10:29 AM

CRR cut will release Rs 1.37 lakh crore into market, says Shaktikanta Das
 

Mar 27, 2020, 10:31 AM

RBI allows to defer loan repayment

All financial institutions allowed to defer loan repayment for three months, with no asset downgrade  - Shaktikanta Das

Mar 27, 2020, 10:32 AM

NSFR deferred b y six months

Net Stable Funding Ratio deferred by six months - Shaktikanta Das

Mar 27, 2020, 10:35 AM

Banks may reassess working capital cycle

Banks may reassess working capital Cycle, won’t be treated as NPA - Shaktikanta Das

Mar 27, 2020, 10:36 AM

Deferment of interest payment will not result in asset classification downgrade

Moratorium on term loans, deferment of interest payment will not result in asset classification downgrade - Shaktikanta Das
 

Mar 27, 2020, 10:36 AM

RBI will remain vigilant, continue to provide support

RBI will continue to remain vigilant, and do whatever will be required to provide support to support the economy amid COvid-19 scare.
 

Mar 27, 2020, 10:38 AM

RBI assures banking system, depositors' money are safe

RBI Governor Shaktikanta Das assures that the Indian banking system is sound and depositors' money is safe.
 

Mar 27, 2020, 10:41 AM

RBI injects liquidity of Rs 2.8 lakh crore via various instruments

The Reserve Bank has injected liquidity of Rs 2.8 lakh crore via various instruments equal to 1.4 per cent of GDP since the last policy in February. - Shaktikanta Das
 

Mar 27, 2020, 10:41 AM

3 liquidity measures together will release primary liquidity of Rs 3.74 lakh crore

3 liquidity measures together will release primary liquidity of Rs 3.74 lakh crore across the banking system - RBI Governor Shaktikanta Das.
 

Mar 27, 2020, 10:44 AM

RBI allows banks to deal in NDF market

NDF market has been growing rapidly; bank allowed to deal in NDF market - Shaktikanta Das

Mar 27, 2020, 10:49 AM

Fallacious to link bank share price to its stability

RBI Goveornor said the Indian Banking system is safe and added that it was fallacious to link bank share price to the safety of deposits with the bank. This comes after the struggling private lender Yes Bank saw its share price tank just as RBI superseded its board.

Mar 27, 2020, 10:50 AM

RBI allows 3-month moratorium on all loans

All Banks, lending institutions may allow a 3-month moratorium on all loans -  Shaktikanta Das

Mar 27, 2020, 10:53 AM

Amount of variable rate term repo auction doubles to Rs 50,000 crores

The Reserve Bank has enhanced the amount of variable rate term repo auction to Rs 50,000 crores from Rs 25,000 crores.
 

Mar 27, 2020, 10:56 AM

India's macroeconomic situation better than 2008

RBI Governor Shaktikanta Das said that India's macroeconomic situation is better than 2008, as inflation is benign

Mar 27, 2020, 10:59 AM

Auctions of targeted LTROs for up to Rs 1 lakh crore

RBI to conduct auctions of targeted LTROs for up to Rs 1 lakh crore - RBI Governor

Mar 27, 2020, 10:59 AM

RBI raises MSF from 2 per cent of SLR to 3 per cent

RBI raises the Marginal Standing Facility (MSF) from 2 per cent of SLR to 3 per cent with immediate effect.
 

Mar 27, 2020, 11:04 AM

1% reduction In CRR and raising MSF to inject more liquidity will be an additional boost to stimulate economy

Like other major global central banks, RBI today went with an emergency rate cut of 75 bps and reduced reverse repo by 90 basis points to make it unattractive for banks to park funds with RBI. Launch of LTRO up to 1 lakh crore, 1% reduction In CRR and raising MSF to inject more liquidity will be an additional boost to stimulate the economy. - Abhishek Goenka, Founder & CEO, IFA Global 

Mar 27, 2020, 11:05 AM

SIDBI relief package for MSEs

MSEs engaged in manufacturing of hand sanitizers, masks, gloves, head gear, body suits, shoe-covers, ventilators, goggles, testing labs etc. can avail loans up to Rs. 50 lakh at a fixed interest rate of 5 per cent for a maximum loan repayment tenure of 5 years. These are collateral-free loans and may be sanctioned within 48 hours of applying and submission of documents.

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