reserve bank of india
AA Edit | Economy in freefall, govt must act quickly
Economists like Raghuram Rajan and others have suggested the government to open its purse strings to support the demand
Former RBI governor D Subbarao backs setting up of a bad bank to tackle rise in NPAs
Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency
Don't jump, Rs 2000 currency notes slowly being phased out
As per RBI's latest annual report, the big note was not printed at all during 2019-20
We've good news: Crooks stole only Rs 28k crore during corona quarter
Bank frauds down from Rs 43k crore seen in the April-June quarter of 2019
Rate cuts don't interest MPC any more. Let's worry about inflation now
Report by SBI research says we're at the end of the rate-cut cycle which began in Feb. 2019
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
India must focus on protecting economy not on what rating agencies think: Rajan
He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy
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
AA Edit | Fast-track infra growth
There is a speculation that the RBI could extend loan moratorium to cushion the impact of job losses