RBI rejects possibility of loan: On Wednesday, Reserve Bank of India told Supreme Court that extension of loan moratorium was not possible and would lead to downfall in nation’s economic growth. RBI submitted its statement in response to the plea filed in the apex court by various industry bodies including Association of Power Producers, Confederation ...

The Reserve Bank Of India’s (RBI) liquidity offer has given some level of solace the debt market, which is feeling tremendous recovery pressure, particularly in credit risk investments. On Monday, the RBI announced a Rs 50,000 crores Special Liquidity Facility Scheme. Since the lockdown announcement from the end of March, mutual fund investors bared a ...

Indian government, which earlier this week announced a 21 day lockdown, is contemplating over resolving issues pertaining to the country’s dwindling economic health and other challenges which emerged amid the shutdown. The finance ministry has urged Reserve Bank of India to aid people with certain relief measure stuck in their homes due to outbreak of ...

Amid the national lockdown, declared to curtain the spread of corona virus, Indian banks suggested their customers to opt for mobile or internet banking over cash. The shutdown has resulted in lesser staff. The move helps in preventing the unnecessary crowding of branches. The banks are offering digital schemes in the wake of pandemic to ...

You may consider this 50-year bond investment for generations. Check the benefits of 50-Year bonds in simple terms, backed by the central government. The Indian government will sell 50-year bonds for the first time, catering to the growing demand from insurance and pension funds. As per the Reserve Bank of India (RBI), in a borrowing ...