To try and facilitate credit flows in staying strong, Das, on Wednesday, announced measures that will help keep the liquidity in the system more abundant than it already is. Much like it did through 2020, RBI continues to try and ensure credit keeps flowing to the economy, especially the weaker sectors. Indeed, it has more
RBI
However, the purpose of borrowing by individuals and small businesses needed to be seen as to whether it was for credit for growth purpose or for repaying of loans, CARE Ratings said. Welcoming the Reserve Bank of India (RBI)’s efforts to incentivise small finance banks (SFBs) to lend to microfinance institutions (MFIs) by classifying the
Pharma stocks were also among the top gainers after RBI Governor Shaktikanta Das announced a special liquidity facility for the sector. (Image: REUTERS) Benchmark indices closed with gains on Wednesday, snapping their two-day losing streak. S&P BSE Sensex managed to end at 48,677 while the 50-stock NSE nifty closed at 14,617. Index heavyweights such as
(File image) RBI Governor LIVE: RBI Governor Shaktikanta Das today said that the 2nd wave of COVID-19 in India has drastically altered the economic situation. Das added that RBI will continue to monitor emerging situation use all resources. India had flattened inflation curve but situation altered. He also added that the quarantine facility of the
All eyes will be on RBI’s press conference today 10 AM that may set the market tone. Image: Reuters Nifty futures were trading over half a per cent lower at 14,450 on Singaporean Exchange, indicating a negative opening for BSE Sensex and Nifty 50 on Wednesday. S&P BSE Sensex closed at 48,253 while the Nifty