‘RBI liquidity window can augment healthcare infra’

Mumbai, May 7 (IANS):¬†The Rs 50,000 crore liquidity window offered by the Reserve Bank of India (RBI) to banks under priority-sector lending to augment Covid-19 healthcare infrastructure will help raise treatment capacity, and availability of medicines and medical equipment, in India, Crisil said on Friday. Hospitals could be among the biggest beneficiaries as the incremental… Continue reading ‘RBI liquidity window can augment healthcare infra’

High frequency indicators showing mixed signals: RBI Guv

Mumbai, May 5 (IANS) As country battles the Covid crisis and states go for lockdowns, Governor of the Reserve Bank of India (RBI) Shaktikanta Das has said that high frequency indicators are showing mixed signals for the Indian economy. He said that aggregate demand conditions, particularly in contact-intensive services, are likely to see a temporary… Continue reading High frequency indicators showing mixed signals: RBI Guv

RBI to publish Financial Inclusion Index

Mumbai, April 7 (IANS) To measure the extent of financial inclusion in the country, the Reserve Bank of India will construct and periodically publish a “Financial Inclusion Index” (FI Index). The FI Index would be based on multiple parameters and shall reflect the broadening and deepening of financial inclusion in the country, a statement on… Continue reading RBI to publish Financial Inclusion Index

Inflation focused RBI now moves to absorb excess liquidity

Mumbai, April 7 (IANS) With an eye on inflation and surplus liquidity in the system, the RBI on Wednesday decided to conduct variable rate reverse repo (VRRR) auctions of longer maturity. The apex bank had recommenced VRRR auctions since January 15, 2021 but the tenor had been shorter at 14 days. The fresh long duration… Continue reading Inflation focused RBI now moves to absorb excess liquidity

India on cusp of a turnaround in fortunes: RBI Governor

Mumbai, Feb 25 (IANS):¬†India is on the cusp of a turnaround in fortunes as the caseload of Covid-19 declined in the country along with emergence of post-pandemic opportunities in several sectors, Reserve Bank Governor Shaktikanta Das said on Thursday. Addressing the Bombay Chamber of Commerce and Industry, he said: “Overall, we are on the cusp… Continue reading India on cusp of a turnaround in fortunes: RBI Governor

Cryptocurrency industry hopeful as RBI mulls over digital currency

New Delhi, Jan 27 (IANS) With the Reserve Bank of India (RBI) now saying that it is exploring the need for a digital version of fiat currency, cryptocurrency stakeholders have called to move a step in the right direction towards strengthening the fintech ecosystem in the country. The RBI made the remarks in a booklet… Continue reading Cryptocurrency industry hopeful as RBI mulls over digital currency

Bank credit to manufacturing muted amid pandemic

New Delhi, Jan 17 (IANS) Bank credit to manufacturing sector has remained muted in the current financial year amid the pandemic, while few sectors, including construction and trade, have witnessed resilient flows. According to the Financial Stability Report of the Reserve Bank of India for January, credit growth in the manufacturing sector in October 2020… Continue reading Bank credit to manufacturing muted amid pandemic