You are here: Home » Finance » RBI Policy » News

Debt raising brings respite but financial condition is fragile: Economists

HDFC Bank's delayed reports to draw in Indian regulator

Business Standard

RBI monetary policy review: Repo rate unchanged at 4%; stance accommodative

Lenders allowed to provide a restructuring facility on some loans that were standard as on March 1 this year

RBI monetary policy | RBI MPC | Shaktikanta Das

BS Web Team  |  New Delhi 

The Reserve Bank of Indian (RBI) on Thursday decided to keep the benchmark repo rate unchanged at 4 per cent, already at the lowest since 2000, and reverse repo rate at 3.35 per cent. In view of the Covid-19 pandemic and the resultant stress in the system, the central bank also decided to allow lenders to provide a restructuring facility on some loans that were standard as on March 1, 2020.

An expert committee will be set up under K V Kamath to thrash out modalities and look into resolution plans of eligibile borrowers. The decisions were announced after the 24th bimonthly meeting of the ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, August 06 2020. 12:06 IST