RBI offers on-tap TLTRO worth Rs 1 lakh crore, OMOs for state bonds to keep lid on yields

Improving liquidity through TLTRO/OMOApprox Read Time: 6 min In News: While keeping the key policy rates unchanged, the RBI has announced various measures to bring more liquidity in the financial markets, keep bond yields under control, and improve availability of debt to specific sectors. Improving liquidity through TLTRO/OMO Measures announced: On-tap TLTRO to improve liquidity:The RBI has introduced on-tap targeted long-term repo operations (TLTRO) of Rs 1 lakh crore for providing additional…

0 Comments

Economic Updates: RBI accepts Kamath panel report on relief to 26 sectors

Kamath Committee’s RecommendationsApprox Read Time: 4 min In News: The Reserve Bank of India (RBI) on 4th Sept set up a 5-member expert committee under banker K V Kamath to suggest financial parameters for resolution of corona related stressed assets. News Summary: While the six-month moratorium on loan repayments ended on August 31, the RBI has allowed banks to recast loans which were classified as standard as on March 1, 2020.Banks have already…

0 Comments

Economic Updates: FDI, FPI inflows propel forex reserves to record high

Forex Reserves at record highRead Time: 6 minutes In News: India’s foreign exchange reserves hit a fresh high of $513.25 billion in the week ended July 3, 2020. News Summary: According to the data released by RBI, India’s foreign exchange reserves jumped by $6.4 billion in the week ended July 3, 2020 to hit a fresh high of $513.25 billion. India’s foreign exchange reserves started rising since significantly from September 2019, and…

0 Comments

Economic Updates: Fourth tranche of sovereign gold bond opens for subscription

Sovereign Gold BondsApprox Read Time: 6 minutes In News: The fourth tranche of sovereign gold bonds (SGBs) in the current financial year, opened for subscription on July 6.These bonds are issued by the Reserve Bank of India (RBI) on behalf of the government. News Summary: The fourth tranche of sovereign gold bonds (SGBs) in the current financial year, issued by the Reserve Bank of India on behalf of the government,…

0 Comments

Economic Updates: Govt brings co-op banks under RBI supervision

Govt brings Co-operative banks under RBI supervision Approx Read Time: 6 minutes In News: Govt brings Co-operative banks under RBI supervision In order to protect depositors’ interests, the union government has approved plans to bring all urban and multi-state cooperative banks under the direct supervision of the Reserve Bank of India (RBI). Background: In India, including scheduled and non-scheduled, there are 1482 urban cooperatives banks and 58 multi-State cooperative banks.These…

0 Comments

Economic Updates: FPI flow to equity turns positive

FPI flow to equity turns positiveApprox Read Time: 5 minutes In News: After pulling out more than Rs 68,000 crore in March and April, Foreign portfolio investors (FPIs) have infused over Rs 9,000 crore into the Indian equity market in May so far. News Summary: FPI flow to equity turns positive FPIs have infused over Rs 9,000 crore into the Indian equity market in May so far.In comparison, due to the fears…

0 Comments

Economic Bytes: RBI slashes key rate 40 basis pts to new all-time low

RBI slashes key rate 40 basis pts to new all-time lowApprox Read Time: 6 minutes RBI slashes key rate 40 basis pts to new all-time low In News: RBI slashes key rate 40 basis pts to new all-time low The Monetary Policy Committee (MPC) of the RBI has reduced its key policy rates to stabilize the financial system and deal with the negative economic impact of the ongoing nationwide lockdown.…

0 Comments

Editorial Analysis: A multisector road map for recovery

A multisector road map for recoveryApprox Read Time: 7 minutes A multisector road map for recovery Steps taken for economic recovery in light of Covid: The government and the Reserve Bank of India (RBI) have initiated many activities for economic recovery. A proactive action plan is needed for growth to bounce back to 6-7% in 2021-22. Economists have predicted a major decline in all economies, except India and China, where…

0 Comments