RBI
RBI releases national strategy for financial education, aims to create empowered India
The strategy will develop credit discipline and encourage availing credit from formal financial institutions as per requirement
Retail inflation inches up to nearly 7% in July on higher food prices
Food prices soared due to supply-side disruptions caused by the coronavirus lockdown and rose 9.62% compared to a jump of 8.72% in June
RBI increases gold loan-to-value ratio to 90%, interest rates unchanged
Monetary Policy Committee after three days of deliberations voted unanimously to leave the policy repo rate unchanged at 4 per cent
India's economic recovery at risk as COVID-19 surges, dull outlook deepens: Report
In the quarter just gone by, the Indian economy is forecast to have shrunk 20.0%, the first double-digit contraction
Don't extend loan moratorium, able corporates not paying loans: HDFC's Parekh to RBI
If the moratorium is extended by another three months, then it is going to hurt us and smaller NBFCs particularly, said Parekh
Need to conclude free trade agreements with US, others: RBI Governor
Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot
Carmakers tie-up with banks to offer low interest rate schemes to attract customers
So far, at least Maruti Suzuki, Hyundai and Mercedes Benz have launched such schemes, according to press releases over the past week
About 20% SBI borrowers opt for loan repayment moratorium: Chairman Rajnish Kumar
Kumar also advised borrowers to pay their loans if they are not facing any funding challenge
RBI cuts repo rate, extends loan moratorium, projects negative GDP growth
RBI Governor Shaktikanta Das extended the moratorium period by another three months from June 1 to August 31 due to lockdown extension
Foreign investors pull out $26 billion from Asian economies, $16 billion from India
The small decline in orders in March is likely to give way to a collapse in investment across this quarter