RBI has taken a slew of steps in view of the difficulties being faced due to COVID-19: FM Nirmala Sitharaman

April 17, 2020 2:39 PM

RBI has taken a slew of steps in view of the difficulties being faced due to COVID-19: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has said that the Reserve Bank of India has taken a slew of steps in view of the difficulties being faced due to COVID-19. In a series of tweets, the Minister said, these steps aimed at maintaining adequate liquidity in the system, incentivising bank credit flows, easing financial stress and enabling the normal functioning of markets. She said, RBI has increased the ways and means advance limit for states to 60 per cent over and above the level as on 31st of M...

FM Nirmala Sitharaman emphasises need to enhance global risk monitoring

February 23, 2020 9:35 PM

FM Nirmala Sitharaman emphasises need to enhance global risk monitoring

Finance Minister Nirmala Sitharaman on Saturday emphasised the need to enhance global risk monitoring and explore the scope for policy co-ordination to deal with such risks. Speaking at G-20 Finance Ministers and central bank governors meeting in Riyadh, she called upon all the member countries to enhance their efforts aimed at empowering women, youth and small and medium enterprises. Ms Sitharaman was the lead speaker during the session on "Enhancing Access to Opportunities for All&amp...

FM Nirmala Sitharaman assures not a single job will be lost due to merger of banks

September 1, 2019 9:16 PM

FM Nirmala Sitharaman assures not a single job will be lost due to merger of banks

Finance Minister Nirmala Sitharaman has categorically said the proposed merger of banks would not lead to any job losses. Talking to reporters in Chennai today, she said not even a single employee would be removed following the amalgamation. She dismissed reports of job loss due to the merger, saying it is absolutely ill-informed. Nirmala Sitharaman on Friday unveiled a mega plan to merge ten public sector banks into four. It is aimed at creating stronger lenders of global scale. However, some o...