By TP News       Date 3/30/2020 10:49:08 AM

Amid the rising coronavirus cases in India, Reserve Bank ofIndia (RBI) Governor Shaktikanta Das on Sunday urged the people of the countryto adopt digital mode of payment as part of social distancing to curb the spreadof COVID-19 in the country.

On April ...read more

By TP News       Date 3/27/2020 3:42:13 PM

India's biggest bank, the State Bank of India (SBI) on Friday announced that all term loan EMIs will be deferred by three months automatically. That means EMIs for all your home loans, car loans, personal loan/term loans get deferred by three months. Announcing the decision, SBI Chairman Rajnish Kumar told CNBC TV, "Installments will get automatically deferred by 3 months for term loans and custo...read more

By TP News       Date 3/27/2020 12:46:23 PM

In a move aimed at mitigating the impact of the coronavirus outbreak on businesses and employees in India, the Reserve Bank of India on Friday asked all banks and other lending institutions to allow a three-month moratorium on all kinds of loans. The RBI also said that moratorium on term loans and deferment of interest payment would not result in asset classification downgrade.

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By TP News       Date 3/27/2020 11:19:31 AM

RBI Governor Shaktikanta Das on Friday in a statement announced a reduction in the repo rate by 75 basis points to 4.4 per cent while reverse repo rate is reduced by 90 basis points to 4%. The decisions were made during the RBI advances monetary policy committee meeting held between Mar 25-27as country goes through tough times amid coronavirus lockdown affecting businesses and economy at large scale. ...read more

By TP News       Date 3/21/2020 5:03:19 AM

The Reserve Bank of India on Friday (March 20) announced the appointment of R Gandhi, former RBI Deputy Governor, and Ananth Narayan Gopalakrishnan, Associate Professor at SP Jain Institute of Management and Research, as additional directors to the board of Yes Bank.

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By TP News       Date 3/17/2020 10:14:15 AM

Indian benchmark indices opened in green on Tuesday (March 16) but after a positive start, the indices shed all its gains with the Sensex plunging 527.17 points or 1.68% at 30,863.06 and the Nifty down 73.40 points or 0.80% at 9,124.

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