Consequently, the lender has also reduced interest rates on retail and bulk deposits by between 20 to 100 basis points across various tenors
The spectacular meltdown at YES Bank reveals the mental makeup of someone only too eager to walk on life's wild side
Will need Rs 35,000 crore to buy all the standing crops in the state
'Today RBI has taken giant steps to safeguard our economy from the impact of the Coronavirus,' said PM Modi
Anarock Chairman Anuj Puri said RBI's move will push credit flow into all industries reeling under the impact of the coronavirus
The RBI has reduced the repo rate by 75 basis points (bps) to 4.4 per cent, and the reverse repo rate by 90 bps which now stands at 4 per cent
The RBI said it was maintaining its "accommodative" stance, and would keep its position "as long as necessary" to revive growth, while ensuring inflation remained within target
The move comes after the global central banks have been cutting rates to help shore up the economy amid coronavirus pandemic
The repo rate has come down by 75 basis points to 4.4 per cent, while the reverse repo rate has been lowered by 90 basis points to 4 per cent now
With loan growth and asset quality likely to take a hit, FY21 earnings estimates are coming under the knife
Package announced includes both food security and cash transfer components
According to him, demand reduction is likely to be over 50 per cent in many cases
C Rangarajan, Montek Singh Ahluwalia, and Pronab Sen say the present crisis is different from the one then and requires a different prescription
It is tough if you are a PMC Bank depositor to be made aware now that you are not mainstream enough
RBI doesn't have a choice but to provide some relaxation on the asset classification norms, says Aditya Puri
The rupee closed at 76.20 a dollar, down from its previous close of 75.20 a dollar
CFOs, analysts say moratorium on interest is key to tide over crisis
The bank, however, could not hide its bad debt under the carpet for long as RBI auditors forced all banks to disclose their bad debts
I wonder even in the case of nationalised banks whether a 100 per cent repayment of deposits is guaranteed
The facility, operational from March 19 as part of the Business Contingency Plan (BCP), was up and running in 24 hours of the central bank taking a decision to this effect, according to an official