Due to Coronavirus (COVID-19), RBI Governor Shri Shaktikanta Das said the Reserve Bank of India reduced the Repo Rate by 75 basis points (bps) to 4.4%. Whereas, RBI has also reduced; - Cash Reserve Ratio (CRR) by 100 bps to 3%. - Liquidity Adjustment Facility (LAF) by 75 bps to 4.40% from 5.15%. - Marginal Standing Facility (MSF) & Bank Rate are reduced to 4.65% from 5.40%.
Objective, The objective to reduce Repo Rate is to encourage banks to give more to business rather than deposit it with RBI.
In an official announcement, RBI Governor Shri Shaktikanta Das said the Reserve Bank of India will allow a 3-month moratorium on EMI payments. It will help all home buyers, ....
Legendary actress of the 1950s and 60s Hindi movies Nawab Banoo (stage name - Nimmi) passed away due to prolonged illness in Mumbai, Maharashtra. She was 88....
Every year on 27th March World Theatre Day is celebrated throughout the globe. This day was initiated in 1961 by the International Theatre Institute (ITI) of France.
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The Noted Indian painter Satish Gujral passed away. He was 94 years. He was the brother of Inder Kumar Gujral, who had served as the Prime Minister of India between 1997 to ....
On 26th March, the G20 Nation leaders had been attended the Virtual G20 Summit via video conference. In this summit, All the leaders discussed the challenge....
