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Reserve Bank of India

News Reports

Finance ministry issues guidelines for interest waiver scheme during the lockdown period- Read details

OpIndia Staff -
The govt will pay the difference between simple and compound interest from March to August under compound interest waiver scheme
News Reports

BSP MLA Vinay Shankar Tiwari and wife booked by CBI in Rs 750 crore bank fraud case

OpIndia Staff -
Vinay Shankar Tiwari from BSP is the sitting MLA from Chillupar, Gorakhpur.
News Reports

Big relief by Modi govt for those who stopped paying EMIs during lockdown, no need to pay extra interest accumulated during this period

OpIndia Staff -
MSME, education, housing, vehicle, personal loans etc upto Rs 2 crore will attract only simple interest during the moratorium period
News Reports

Former RBI governor Urjit Patel blames UPA govt for banking mess, says RBI too fell short on several counts

OpIndia Staff -
The former RBI governor Urjit Patel in his yet-to-be-released book writes that several government banks did not have senior management in place, and governance suffered.
News Reports

Union government brings cooperative banks under RBI control through an ordinance

OpIndia Staff -
The cabinet on Wednesday passed an ordinance to extend the Reserve Bank of India's supervision over the cooperative banks
News Reports

India’s foreign exchange reserves see a significant surge, cross half-a-trillion USD mark for the first time

OpIndia Staff -
This is for the first time that India’s foreign exchange reserves have crossed the half-a-trillion US Dollar mark
Economy and Finance

RBI cuts interest rates, extends loan moratorium for three more months as it expects negative growth rate in FY21: Here are details

OpIndia Staff -
RBI Governor announced various measures, like extending loan moratorium to cutting down interest rates to boost the economy that has slowed down due to the ongoing coronavirus-induced lock
News Reports

Shekhar Gupta slams Shekhar Gupta for sneering at former IAS officer Shaktikanta Das after he was appointed as RBI Governor

Shashank Bharadwaj -
Shekhar Gupta was at the forefront in attacking the decision to appoint Shaktikanta Das as RBI governor, now he says Das was a good choice
News Reports

RBI Governor announces new measures to ease financial distress amidst coronavirus lockdown

OpIndia Staff -
Quoting the IMF projection of 1.9% (GDP) growth, the RBI Governor said that India's growth would be the highest among the G20 countries
News Reports

Coronavirus Outbreak: Banks start rolling out EMI moratorium scheme, know the details and impacts

OpIndia Staff -
If EMI moratorium is availed, total interest payable on the loan will go up, resulting in an increase in the number of EMIs to be paid
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