RBI announcements today
What RBI's announcement today means for your loans and fixed deposit interest rates
The RBI announced a host of measures today aimed at increasing liquidity in the economy.
RBI announces second tranche of liquidity boost; cuts reverse repo by 25 basis points, Rs 50,000 crore TLTRO 2.0 for NBFCs
The Governor announced a second tranche of liquidity for NBFCs, refinancing institutions.
RBI's announcement for exporters welcome but problem is far bigger: EEPC
While the moratorium and working capital relaxations are welcome, exporters would need direct fiscal support for staying alive in business.
RBI announces Rs 50,000-crore Special Liquidity Facility for mutual funds
The scheme is available from today, that is, April 27. It will be available until May 11 or up to utilization of the allocated amount, whichever is earlier. The Reserve Bank will review the timeline and amount, depending upon market conditions.
Coronavirus Updates: Maharashtra records highest spike of 2,940 cases today
India has reported 6,088 new coronavirus cases in the last 24 hours, increasing the country's total number of infections to 118,447. The death toll rose to 3,583.
Covid-19 impact: RBI’s additional liquidity measures to provide relief to real estate
RBI’s decision to reduce reverse repo rate by 25 basis point and additional liquidity for NHB will also accelerate and facilitate bank credit flows towards to the beleaguered sector in the wake of Covid19 crisis.
RBI to review bank's MCLR: Borrowers may get some relief
Rajan says govt reform measures on small savings rates combined with the RBI's refinements in the liquidity should help home buyers.
RBI policy good stimulus, will prompt banks to cut rate: Finance Ministry
Jayant Sinha said the Budget has taken various fiscal and reform initiative, thus creating space for monetary easing.
Bank stocks shrug off CRR hike; BSE Bankex surges 3 per cent
The banking stocks discounted the CRR hike by the RBI on Friday and surged up to 3 per cent on the Bombay Stock Exchange.
KYC details can be updated by Dec 31; select limited KYC a/cs can be made fully compliant: RBI
RBI also announced that limited KYC accounts opened on the basis of Aadhaar e-KYC authentication in non-face-to-face mode can be converted to fully KYC-compliant accounts.
Investment in government bonds: RBI to launch mobile app for Retail Direct portal
RBI Retail Direct Mobile App: The central bank announced the launch of mobile app for RBI Retail Direct portal for investing in government securities. This will make it easier for retail investors to buy, sell and invest in central government bonds, state government bonds, treasury bills, Sovereign Gold Bonds via Retail Direct Portal. The RBI launched the RBI Direct Scheme in November 2021 to make it easier for common man to invest.
Now there is an ombudsman for non-deposit taking NBFCs too
If you are a customer with an NBFC, then here is everything you need to know about getting your grievances redressed by the ombudsman.
No OTP authentication for UPI auto payments up to Rs 1 lakh for these three transactions
The Reserve Bank of India (RBI) has hiked the transaction limit for UPI auto payment limits requiring OTP -based authentication to Rs 1 lakh from Rs 15,000 currently. As per the announcement, new limit will apply on mutual fund subscriptions, insurance premium and credit card repayments. Read on to know the new rules.
A 25-bps rate cut alone unlikely to spur investment cycle: Dhananjay Sinha, Emkay Global Financial Services
"It does not appear that a small reduction in interest rates will actually create enough incentive for companies to go ahead and do fixed investments."
