scorecardresearch
Sunday, October 6, 2024
TopicRBI

Topic: RBI

This is what you need to do if you want to pay, or not pay, your loan EMI for 3 months

Processes vary from bank to bank with some asking customers to write to them to avail the moratorium, while others asking borrowers to inform them to opt out.

Pay loan EMI if you can. Interest payable will increase if you don’t, banks tell borrowers

The Indian Banks' Association has put out answers to customer queries to address confusion over RBI's 3-month loan moratorium.

RBI announces more measures to deal with economic fallout caused by Covid-19

The central bank extended the time period for realization and repatriation of export proceeds and increased ways and means advances (WMA) limit.

Banks finally start moving on 3-month loan EMI deferment, after push from govt and RBI

While RBI announced a three-month loan moratorium on 27 March, most banks are yet to issue clear guidelines on how borrowers can avail the scheme.

These are the steps India has taken to contain economic fallout of Covid-19

From deferring loan repayments to injecting more liquidity in the banking system, the RBI has introduced a host of measures to stabilise the economy.

Kishore Biyani is fighting 2 battles – feeding India via Big Bazaar & saving his business

Kishore Biyani’s two-front battle illustrates challenges faced by Indian companies after PM Modi announced a 21-day lockdown to fight coronavirus.

RBI’s mega financial package will work only if Modi govt plans for life after lockdown

Govt will need to get both production & consumption back on track quickly after the lockdown is lifted and also have adequate health safety norms in place.

RBI has also liberalised forex trading by allowing banks to trade in offshore markets

Banks in India that operate out of International Financial Services Centre will be allowed to participate in non-deliverable forwards market from 1 June.

Rupee rises 81 paise against US dollar after RBI announces measures to support economy

The rupee, which opened on a positive note at 74.60, gained further momentum and touched a high of 74.35 against the US dollar.

You don’t have to pay any loan EMI for next 3 months, and it won’t hurt your credit history

RBI defers all loan repayments taken from any financial institution until 30 June, says non-payment will not be classified as default.

On Camera

Make it a Fundamental Right of every religionist to propagate, convert: TT Krishnamachari

On 6 December 1948, TT Krishnamachari spoke in the Constituent Assembly during a debate on Article 19, supporting it as it is, including how it's framed in the matter of religion.

How businesses can become more resilient to the physical impacts of climate change

Extreme weather events have impacted 50% of corporate respondents to a recent survey. This underlines the importance of significant action now to increase climate resilience.

IAF chief AP Singh red-flags Tejas delay, says China ahead in technology & production capacity

Air force chief says HAL needs to churn out 24 aircraft per year. It is important for IAF to have indigenous weapons systems to deal with any security challenges, he says.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?