RBI likely to cut interest rates by 100 bps in FY21: Fitch Solutions

Fitch Solutions said consumer price inflation returning back to the RBI's 2-4 per cent target range will permit further monetary easing

China slashes rate, adds $7 bn to banking system to counter virus

People's Bank of China said it launched a 50-billion-yuan reverse repurchase operation and lowered seven-day reverse repurchase rate

The investment announcement comes at a critical time for India, as economic growth is feared to be taking a heavy hit due to coronavirus

Monetary Authority of Singapore was supposed to issue its next policy statement in April but brought it forward due to covid 19 impact

Amalgamation will create an employee base of 75,000, of which 37,000 are from Andhra Bank and Corporation Bank put together

The government on March 4 had notified the amalgamation schemes for 10 state owned banks into four as part of its consolidation plan

Key rate cut by an unprecedented 75 pts

The central bank also reduced the cash reserve ratio of all banks by 100 basis points to 3 per cent with effect from March 28 for 1 year

Government has finalised an economic stimulus package to deal with the impact of 21-day countrywide lockdown

The package is intended as relief for an economy spiraling into recession