Reserve Bank of India Archives | Page 5 of 8

News Reports

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

OpIndia Staff - 13 June, 2020

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 - 22 May, 2020

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 - 17 April, 2020

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 - 17 April, 2020

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 - 1 April, 2020

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

Government and Policy

Banks allowed to defer EMIs by 3 months, cut in repo rate, liquidity injection of Rs 3.74 lakh crores: Highlights of the RBI Governor’s...

OpIndia Staff - 27 March, 2020

The most important notification put out by the RBI on Friday was that a three-month moratorium has been announced on payment of instalments of loans outstanding on March 1, 2020.

News Reports

Enforcement Directorate arrests Yes Bank founder Rana Kapoor over money laundering charges

OpIndia Staff - 8 March, 2020

The founder of the crisis-hit YES Bank, Rana Kapoor, was arrested by the Enforcement Directorate (ED) on Sunday around 3 am in Mumbai.

News Reports

Phone Pe and Paytm engage in Twitter banter after YES Bank moratorium affects the former

OpIndia Staff - 6 March, 2020

The Twitter confrontation with PayTM happened after PhonePe was forced to temporarily suspended its services

News Reports

RBI publishes scheme of reconstruction draft for Yes Bank, State Bank of India to pick up 49% stack at ₹10 per share

OpIndia Staff - 6 March, 2020

After placing Yes Bank under moratorium, RBI has published the draft for scheme of reconstruction for the bank

News Reports

RBI takes over management of Yes Bank and imposes restrictions on withdrawals: All you need to know about the latest crisis in banking sector

OpIndia Staff - 6 March, 2020

RBI imposes moratorium on Yes Bank for a month, caps withdrawals at ₹50,000 and suspends board

Reserve Bank of India

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