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A moratorium has been imposed on the bank and cash withdrawals have been capped at Rs 25,000 per account.

Subsequent to the listing of equity shares of...ESFB, RBI vide its letter dated November 9, 2020 has acceded to request of the bank for lifting the regulatory restrictions, Equitas Holdings said

The government had asked the lending institutions to complete the exercise of crediting the amount in the accounts of borrowers by November 5.

I recognise that there exists space for future rate cuts if the inflation evolves in line with our expectations. This space needs to be used judiciously to support recovery in growth, says RBI Governor

Presence of non-performing assets in a bank also weakens monetary policy transmission and lowers the loan growth rate, said the working paper prepared by RBI

The ‘take-it-or-leave-it’ approach of the Modi govt on GST demonstrates its arrogant attitude

RBI’s data-backed forward view should be able to reinforce confidence in entrepreneurs to stimulate economic activities

Between 2015-16 and 2019-20, digital payments have grown at a compounded annual growth rate of 55.1 per cent

RBI decided to rationalise the risk weights by linking them only with LTV (Loan to Value) ratios for all new housing loans sanctioned up to March 31, 2022

The central bank had slashed the repo rate by 115 basis points since late March before hitting a pause button in August

RBI's six-member Monetary Policy Committee on Friday voted unanimously to retain the repo rate at 4 per cent while keeping its policy stance accommodative

The government has appointed three economists Ashima Goyal, Jayanth R Varma and Shashanka Bhide as members of the MPC.

The development comes after CAIT wrote a letter to Union Finance Minister Nirmala Sithraman on March 9, 2020 seeking clarification whether or not currency notes are carriers of bacteria and viruses