“Worse Than COVID”: Seniors Line Up For Cash At Crisis-Hit Karnataka Bank

[ad_1] The RBI is investigating Sri Guru Raghavendra Bank for financial irregularities (File) Bengaluru: Hundreds of depositors of the crisis-hit Sri Guru Raghavendra Bank in Bengaluru, most of them senior citizens, queued up amid the coronavirus pandemic to withdraw whatever they could after the Reserve Bank of India recently revised the withdrawal limit to Rs […]

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RBI To Infuse Rs 3.74 Lakh Crore Liquidity Into Financial System

[ad_1] Reserve Bank Governor Shaktikanta Das on Friday said about Rs 3.74 lakh crore liquidity on aggregate basis will be infused into the financial system to deal with the COVID-19 pandemic. Financial markets are under stress and require steps by the central bank for market stability and revival of economic growth, he said while announcing […]

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RBI May Use Unconventional Tools To Combat Coronavirus Impact: Report

[ad_1] The Reserve Bank of India (RBI) is considering using unconventional policy tools to spur lending, three government officials told Reuters, amid fears that the coronavirus outbreak will derail any revival of economic growth. RBI is planning to infuse fresh cash liquidity into the system through a second round of long-term repo operations (LTRO), three […]

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