There is a serious need for an independent mechanism to continuously monitor the performance of the programmes and their efficacy
Here's a look at major coronavirus related developments across the world
Here's a look at major coronavirus related developments across the world
The central bank, which handles billions of transactions, is served by around 14,000 employees across its main office and 31 regional offices
The central bank has increased group exposure limits of lenders from 25% to 30%
HDFC Bank cuts base rate by 55 bps; SBI calls ALCO meeting to take call
The RBI reduced the repo rate by 40 basis points to a historic low of 4 per cent, besides extending loan moratorium for all retail and commercial borrowers by another three months till Aug 31
Exporters laud timely steps but want direct fiscal support, full package
Fund managers expect yields to remain elevated at the longer-end of the yield curve in light of government's borrowing plans
Since the repo rate has been revised by 115 bps in the last two months, EMIs would fall when banks reset loan rates
The Bank Nifty declined 2.6%, with several big names posting losses in excess of 4%
Business Standard brings the top headlines of the day
The recent spate of rate cuts by the Reserve Bank of India could be bad news for savers
Here's how borrowers are likely to gain from RBI's rate cut, subject to banks, non-banking financial companies passing on the benefits to customers
RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector
The central bank cut the repo rate by 40 bps to 4% and the reverse repo rate was brought down to 3.35%
RBI extends the moratorium on loan repayments by three more months
It may be time to link the higher deposit insurance cover and the way co-operative banks and select non-banks raise retail resources, writes Raghu Mohan
Govt seems to be preserving some firepower
Growth holds the key to the government's fiscal deficit slippage