Tag: rbi
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Big relief on loan installment
(Deepshikha Gautam, Intern Journalist) New Delhi: The Reserve Bank of India has allowed banks to restructure debt. That is, you can reduce the loan installment by increasing your loan term. However, the benefit of this facility will be available to the regular loan repayers till 31 march 2020. RBI Governor Shaktikant Das announced this on…
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Sensex, Nifty end higher as Reliance, HDFC Bank rally
(Riya Singh, Intern Journalist): Shares closed higher on Tuesday, led by gains in heavyweights Reliance Industries Ltd and HDFC Bank Ltd, while strong US manufacturing data further aided investor sentiment. The NSE Nifty 50 index ended 1.87% higher at 11,095.25, while the S&P BSE Sensex closed up 2.03% at 37,687.91. Shares of private sector lender…
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Economy is opening, banks remain ready; RBI governor said in a meeting with Bank heads
(Kajal Singh, Intern journalist): New Delhi: The Reserve Bank of India (RBI) held an important meeting with state-run banks on Saturday amid worrying reports on financial health of the country’s banking sector. In this meeting, along with saving t The country’s economy from the impact of Covid-19, the future policy of banks was also discussed.…