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RBI gold reserves up 40.4 tonnes in 2019-20, more than half of total holdings held overseas

The RBI’s total gold reserves were 612.56 tonnes in the preceding fiscal ended March 2019. With the addition of more stocks, the value of...

Currency with public continues to swell in line with coronavirus lockdown extension

The rise in currency with the public comes despite appeals by the government and the RBI to use digital payment tools amidst the coronavirus...

ICICI Bank posts 26% rise in Q4 net, sets aside Rs 2,725 cr for COVID-19-related provisions

Gross non-performing assets of the bank fell to 5.53 per cent of advances (Rs 41,409 crore) in Q4 of FY20 from 6.70 per cent...

AIIB clears $500-mn loan to support India’s fight against COVID-19

The project will be implemented by the National Health Mission (NHM), the National Centre for Disease Control (NCDC) and the Indian Council of Medical...

SBI slashes MCLR by 15 bps across all tenors

On March 27, the RBI, in its first COVID package, had slashed the repo rate by 75 bps to 4.40 per cent and cash...

Nirmala Sitharaman: ‘PSB loans of Rs 5.66L crore waiting for disbursal soon after lockdown’

A recent report by Crisil points out how SMEs are hit when the economy moves into a low-growth phase. Amid delays in the announcement of...

Home loans from SBI to get cheaper as bank cuts MCLR by 15 bps

SBI Home Loan EMIs: The move will benefit those customers of SBI who have their loans linked to its Marginal Cost of funds based...

Kotak Mahindra Bank declares 10% pay cut for staff with over Rs 25 lakh annual salary

The move comes weeks after the top management voluntarily surrendered 15 per cent of their payments for 2020-21. Private sector lender Kotak Mahindra Bank has...

Yes Bank posts Rs 2,629 crore Q4 net on bond write-down

The bank had reported a loss of Rs 18,560 crore in the December quarter. The income from write-down of AT1 bonds worth Rs 8,415...

SBI, other banks agree to extend moratorium to NBFCs, MFIs

SBI and other banks will offer the moratorium on loan repayment to NBFCs which have taken loans from them, banking sources said. After initial hesitation,...

Covid-19 effect: Insurers get 900 treatment claims worth Rs 18 crore

General insurance companies have received 900 claims for over Rs 18 crore towards COVID-19 treatment till Monday, according the General Insurance Council, the official...

MSME loans worth Rs 2,32,000 crore at risk of defaulting: Cibil

The NPA rate for MSMEs has increased continuously over last few years to reach 12.6 per cent as of December 2019, Cibil said in...

Covid-19 effect: Corporates may not get business interruption claims

While corporates had shut their factories due to the lockdown, there’s no provision to cover such losses in the policy. Companies that suffered business interruption...

RBI cancels licence of Mumbai-based CKP Co-op Bank

The Registrar of Co-operative Societies, Maharashtra, has also been requested to issue an order for winding up the affairs of the bank and appoint...

SC directs RBI to ensure its moratorium circular is implemented in letter, spirit

A Bench headed by Justice N V Ramana, which heard a plea that claimed the March 27 circular of the RBI has not been...

With 7.45 lakh followers, RBI most popular among central banks on Twitter

As of Thursday morning, RBI's Twitter handle has 7.45 lakh followers. On April 20 alone, the handle saw 1.31 lakh new followers, according to...
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