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Coronavirus Outbreak: RBI Cuts Interest Rate By 75 BPS, EMIS On Hold

A day after the Union finance minister Nirmala Sitharaman announced a Rs 1.7 lakh crore package in a bid to combat the impact of the 21-day coronavirus lockdown, the Reserve Bank of India (RBI) Governor Shaktikanta Das today reduced the interest rates by 75 basis points to 4.4 percent. He [...]
March 27, 2020

PM, FM, Industry Welcome RBI ”BAZOOKA” Of Interest Rate Cut, Liquidity Measures

From Prime Minister Narendra Modi to rating agencies and economists, all welcomed the Reserve Bank of India”s steps to reduce the cost of borrowing and infusing liquidity in the market in its war against the impact of coronavirus pandemic. Following are the comments made by key leaders, businessmen and economists: [...]
March 27, 2020

COVID-19: Businesses Welcome RBI Rate Cut

The Reserve Bank of India has announced a slew of measures to alleviate the effect of the novel Coronavirus on the economy. It reduced interest rates by 75 basis points (bps) to 4.40% with immediate effect, and continued its accommodative stance.Thomas John Muthoot, chairman and managing director, Muthoot Pappachan Group. [...]
March 27, 2020

Know The Hidden Truth Behind RBI EMI Holiday

The Reserve Bank of India (RBI) has come to the rescue of not only corporate borrowers bearing the brunt of coronavirus lockdown but also individuals facing income disruptions due to the nationwide shutdown after the spread of novel coronavirus swept the entire world.”The move will provide some relief to individuals, [...]
March 27, 2020
Muthoot Microfin