Government must now step up expenditure to boost demand for private investment and consumption, said RBI
In April, the six-member monetary policy committee had voted unanimously for a status quo on the key rates
The PSB chiefs, who met Das last week on the same issue, demanded a second recast option for those already restructured last year
RBI Governor Shaktikanta Das on Tuesday asked private sector banks to ensure continuity in the provision of various financial services, including credit facilities to individuals and businesses
RBI Governor urges banks to continue focusing on enhancing resilience of their balance sheets
The SLTRO will be valid for three years. All SFBs will be eligible to participate in the scheme, which was announced by RBI Governor Shaktikanta Das on May 5 to mitigate Covid-related dislocations
Despite admitting to price pressures both from food items and input prices, RBI Governor Shaktikanta Das hoped that a normal Southwest monsoon will have a "soothing impact" on inflation pressures
Reserve Bank is running some of its key operations from a 250-member-strong quarantine centre -- a souped-down version of war-room it had set up in mid-March last year, says Governor Shaktikanta Das
On tap liquidity for SFBs to address needs of small borrowers
Central bank announces scheme allowing banks to support vaccine manufacturers, medical facilities, hospitals in Covid-19.
The signal really given by the RBI is that while it does believe today that things have not taken a turn for the worse as all enterprises are better prepared than last year while facing lockdowns
Central bank had last year announced a series of measures to support the economy suffering the impact of a nationwide lockdown
Unless the Reserve Bank comes forward and helps banks to handhold the MSME borrowers, bad loans will swell in the September quarter
Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao as the fourth deputy governor of the central bank
RBI governor Shaktikanta Das held a meeting with the CEOs of small finance banks (SFBs) through video conference
More than banks, most of which have the balance sheet strength to stomach bad loans, it is the borrowers who will suffer once they are branded as defaulters since no lender will give them fresh money
Takes stock of the progress in implementing Covid resolution framework
RBI Governor Das asked banks to remain watchful of the evolving situation
We are giving up this discretion to give an explicit assurance to the markets that we will assist them in the conduct of the borrowing programme, said Patra
Payment banks can now hold Rs 2 lakh instead of Rs 1 lakh as end-day balance per customer