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March 30, 2020 9:26 PM
In view of the covid-19 outbreak, the government has extended the Premium payment period for Postal Life Insurance and Rural Postal Life Insurance upto 30th of next month without charging any penalty. Directorate of Postal Life Insurance(PLI) under the Ministry of Communications said that althoug...
March 30, 2020 2:29 PM
Finance Minister Nirmala Sitharaman has said that all banks are ensuring that their branches are kept open and ATMs are being filled up. In a tweet today, she said, banking correspondents are active. The Minister said, social distancing is respected and sanitizers are provided.
March 30, 2020 12:41 PM
China's central bank yesterday cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuans into the financial system to help the world's second-largest economy weather the coronavirus impact. The People's Bank of China said, i...
March 30, 2020 10:00 AM
March 29, 2020 4:39 PM
Bank of India, today, said it has reduced the lending rate linked to external benchmark by 75 basis points, to 7.25 percent, effective April 1. The lender's external benchmark lending rate is linked to the RBI's repo rate, which was reduced by 75 basis points, to 4.40 percent, on...
March 29, 2020 9:26 AM
Reserve Bank of India has said that the merger of 10 state-run banks into four will come into force from April 1. The branches of merging banks will operate as of the banks in which these have been amalgamated. The government on March 4 had notified the amalgamation schemes for 10 state owned banks...
March 28, 2020 10:25 AM
State Bank of India, SBI on Friday said that it has decided to pass on the entire 75 basis points repo rate cut announced by the Reserve Bank of India. The new rates, to be effective from 1st of April, will be applicable for its borrowers availing loans based on External Benchmark-linked lending rat...
March 28, 2020 9:55 AM
International Monetary Fund, IMF, has said that the world is in the face of a devastating impact due to the Corona virus pandemic and has clearly entered a recession. However, it projected a recovery next year. Managing Director Kristalina Georgieva said that IMF has reassessed the prospects for gro...
March 27, 2020 2:18 PM
The Reserve Bank of India (RBI) Governor Shaktikanta Das today announced cut in benchmark interest rate, Repo Rate by 75 basis points to 4.4 per cent to deal with the hardship caused due to the outbreak of COVID-19. The central bank also reduced the Cash Reserve Ratio (CRR) of all banks by 100 basis...
March 27, 2020 12:07 PM
Moody's Investors Service today slashed its estimate of India's GDP growth during 2020 calendar year to 2.5 per cent, from an earlier estimate of 5.3 per cent and said the Corona virus pandemic will cause unprecedented shock to the global economy. In its Global Macro Outlook 2020-2...
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Last Updated: 27th Apr 2026
