RBI GOVERNOR PRESS MEET AT 10 AM TODAY

[Kool_SRG]

 

[Kool_SRG]

RBI cuts repo rate by 75 basis point

The RBI governor Shaktikanta Das announced that the RBI repo rate was cut by 75 basis points during a media briefing on Friday. The cut has been made to encourage banks to give more to business rather than deposit it with RBI. We hope to mitigate the negative effect of COVID-19 on the economy with these efforts

[Hydrockers]

Intrest rates cut cheyada

[dasari4kntr]

updates please..

[Kool_SRG]

If COVID-19 prolongs, supply chain could get disrupted, says RBI

Shaktikanta Das, RBI Governor on Friday said that if COIV19 case prolongs and the supply chain could get disrupted and it could jeopardise India's growth. "We hope that drop in crude oil prices will help India," he said.

[Kool_SRG]

Repo rate at 4.20% VS earlier 5.15%, says RBI

The RBI governor announced that the Repo rate stands at 4.20 percent now vs 5.15 percent earlier. He also said: "We are not giving out inflation and growth projection numbers due to the uncertain conditions."

[Kool_SRG]

World may slip into recession, says RBI

The RBI governor on Friday said that there was a rising probability that large parts of the world economy could slip into a recession. He noted that tough times were ahead but they don't last, 'only tough institutions do'.

[Kool_SRG]

LAF cut to 4%; Reverse repo-rate reduced by 90 basic points, says RBI chief

The RBI on Friday cut LAF by 90 bps to 4 percent.  It also announced that the Reverse repo-rate has been reduced by 90 basis points to 4%

India has locked down economic activity. Keeping finance flowing is the 'paramount objective' of the RBI, while India has locker down economic activity and financial activity is under severe stress, noted the RBI chief. 

[Kool_SRG]

3-month moratorium on all loans

The RBI on Friday announced that all banks, lending institutions may allow a three-month moratorium on all loans. He added that lending companies, banks are allowed tom defer interest on working capital repayments by three months.

Banks may also reassess working capital cycle and will not be treated as non-performing assets, he said. Mitigating debt servicing burden to prevent transmission of financial stress to the real economy, provide relief to borrowers said RBI chief Shaktikanta Das.

He also said that a three-month moratorium has been decided on payment of installments of loans outstanding on 1 March 2020. 

[Kool_SRG]

Cash Reserve Ratio cut by 100 bps to 3%, says RBI governor

The RBI decided to reduce the Cash Reserve Ratio (CRR) of all banks by 100 basis points to 3 percent of Net Demand and Time Liabilities with effect from the fortnight beginning 28 March for a period of 1 year. 

The RBI chief said that measures will result in total liquidity injection of Rs 3.74 lakh crore to the system.

[Kool_SRG]

27 minutes ago, Hydrockers said:

Intrest rates cut cheyada

Existing vaatiki cut undadhu new loans cut undochu since repo rate cut has been announced...

[Hydrockers]

4 minutes ago, Kool_SRG said:

If COVID-19 prolongs, supply chain could get disrupted, says RBI

Shaktikanta Das, RBI Governor on Friday said that if COIV19 case prolongs and the supply chain could get disrupted and it could jeopardise India's growth. "We hope that drop in crude oil prices will help India," he said.

Idi ayana cheppala

Chinna pillodu kuda chebtadu

[dasari4kntr]

11 minutes ago, Kool_SRG said:

If COVID-19 prolongs, supply chain could get disrupted, says RBI

Shaktikanta Das, RBI Governor on Friday said that if COIV19 case prolongs and the supply chain could get disrupted and it could jeopardise India's growth. "We hope that drop in crude oil prices will help India," he said.

ee db lo.... USA lo vunna vallu..india ki emi kaadhu..its tropical country...curry/warm/DNA/blood...etc annaru..

but still, where is the question for "If COVID-19 prolongs" ?

i really pray imaginary god..India shouldn't get that situation....

[Kool_SRG]

RBI has injected liquidity of Rs 2.8 lakh crore via various instruments equal to 1.4% of GDP. Along with today's measures liquidity measures equal to 3.2% of GDP. RBI will take continous measures to ensure liquidity in the system: RBI Governor

[dasari4kntr]

ltt