Tag: rbi monetary policy
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RBI monetary policy: 17 big things announced new relief measures
(Juhi Aishwary, Journalist): The Reserve Bank of India on Friday decided to cut interest rates, increase the moratorium on loan repayments, and allow banks to give more loans to corporate to mitigate the impact of the Covid-19 crisis. Significantly, for the first time in more than four decades, the economy may go through a period of…
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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.…