Reserve Bank Governor Shaktikanta Das on Friday said the inflation outlook is highly uncertain due to the outbreak of the Covid-19 pandemic and expressed concern over elevated prices of pulses. He also said there is a need to review import duties to moderate prices. Headline inflation may remain firm in the first […]
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RBI extends moratorium on loans for another 3 months till August
Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis. In March, the central bank had allowed a three-month moratorium on payment of all term loans due between […]
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RBI launches ‘MANI’ app to help visually challenged to identify denomination of notes
The Reserve Bank of India (RBI) Governor Shaktikanta Das here on Wednesday launched a mobile application called ‘Mobile Aided Note Identifier’ (MANI) to aid visually challenged persons in identifying the denomination of currency notes. The application is free and can be downloaded from the Android Play Store and iOS App […]
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RBI’s ‘operation twist’, Jharkhand results to sway indices (Market Outlook)
Higher liquidity inflows on the back of the Reserve Bank’s ‘operation twist’ along with Jharkhand Assembly election results will influence the Indian equity market movements during the truncated week ahead, experts said. Additionally, investor sentiments will be swayed by derivatives expiry and rupee’s strength against the US dollar. “Some volatility […]
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Centre considers raising insurance for deposits, more RBI scrutiny for banks
The government is considering increasing the insurance on bank deposits to more than the Rs 1 lakh at present, with greater protection for senior citizens, and may bring all financial institutions under the Reserve Bank of India’s scrutiny as part of measures to improve safeguards for depositors. The plans come […]
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RBI starts valuation of HDIL properties; relief likely for PMC Bank depositors
The depositors of Punjab and Maharashtra Co-operative (PMC) bank can expect some relief in the coming weeks as the Reserve Bank of India (RBI) appointed experts have started valuating the Housing development infrastructure Limited (HDIL) properties, which were mortgaged with the Bank, so that they can be auctioned. Once the properties are […]