<ul><li>Governor <keyword id="6359111" type="UNKNOWN" weightage="20" keywordseo="Shaktikanta-Das">Shaktikanta Das</keyword> announced a <keyword id="43352" type="PERSON" weightage="20" keywordseo="Repo-rate">repo rate</keyword> cut of 40 basis points to 4%.</li><li>The lowest benchmark interest rate India has had since 2000 till now is 4.25%.</li><li>The Monetary Policy Committee voted unanimously to cut rates to revive growth and to mitigate the impact of COVID 19.</li></ul>Interest rates in India are now the lowest ever since 2000. The <keyword id="6354335" type="ORGANIZATION" weightage="20" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword> Governor Shaktikanta Das announced a repo rate cut of 40 basis points to 4%. The lowest benchmark interest rate India has had since 2000 till now is 4.25%. The decision to boost money supply in the economy by cutting interest rates was triggered by the RBI estimate of a contraction in India's gross domestic product (GDP) this year. The Monetary Policy Committee was unanimous in its decision to cut rates and “maintaining the accommodative stance of the MPC as long as necessary to revive growth and to mitigating the impact of COVID 19, while ensuring that inflation remains within the target,” according to Governor Das. Watch the entire RBI press conference here: <div type="Youtube" id="05oKlddD5eY" title="RBI Governor’s address" thumbUrl="https://i.ytimg.com/vi/05oKlddD5eY/mqdefault_live.jpg"></div> Repo rate is the rate at which banks borrow from the central bank. Banks arrive at the final lending rate after adding a profit margin to the repo rate to cover their costs. "Today’s repo rate cut will further help banks to lower home loan interest rates, which may get several more fence-sitters onto the market. Moreover, the repo rate cut may compel banks to reduce the interest rates for FDs even further - this could result in even more people leaning towards housing as a better investment option," Anuj Puri, the Chairman of Anarock Property Consultants, said. The reverse repo rate (the rate which banks get for parking funds with the RBI) has also been reduced to 3.35%. This is expected to further disincentivise banks from keeping the money safe with the RBI and instead lend it in the market. The RBI decision to cut interest rates for the fifth time in about a year did not excite the markets. Sensex was trading 0.5% lower at 10:30 am on May 21. Bank Nifty, the index India's top banking stocks, fell nearly 2.8% taking the total gash for the year to over 46%. "The reduction in interest rates are a great relief, but a new phenomenon is visible. Along with the risk aversion by the banks to lend, even the borrowers are apprehensive about increasing debts on their balance sheets in the face of a grave economic situation. The downside risks to the economy are getting sharper, as recognised by the RBI Monetary Policy Committee. Under such circumstances, restructuring of debts on a wider scale and a willingness to share the grave consequences of the global pandemic are essential," ASSOCHAM Secretary General, Deepak Sood, said. <div type="image" title="interest rates in India" msid="75884160" hostid="261" caption="&amp;lt;p&amp;gt;The lowest benchmark interest rate India has seen since the turn of the century is 4.25%. It is now at 4% as RBI escalates the fight to mitigate the impact of COVID-19 on the economy. &amp;lt;/p&amp;gt;"></div> The <keyword id="64190" type="POSITION" weightage="20" keywordseo="RBI-Governor">RBI governor</keyword> also warned against runaway inflation. "Inflation outlook is highly uncertain. Supply shock to food prices in April may show persistence over the next few months depending on lockdown and time it takes to restore supply chains after relaxation," he said. "Headline inflation may remain firm in the first half, but will ease out in the second half," he added. SEE ALSO: <a href="https://www.businessinsider.in/finance/news/india-puts-a-pause-on-new-bankruptcy-cases-for-a-year-and-other-changes-that-will-cap-the-rise-in-bad-loans/articleshow/75785508.cms" data-type="tilCustomLink" target="_blank">India puts a pause on new bankruptcy cases for a year ⁠— and other changes that will cap the rise in bad loans</a> <a href="https://www.businessinsider.in/finance/news/sbi-indusind-bank-bank-of-baroda-icici-bank-downgraded-as-paytms-paytms-vijay-shekhar-sharma-warned/articleshow/75570240.cms" data-type="tilCustomLink" target="_blank">The downgrade of SBI, Bank of Baroda, and ICICI Bank is proof that the 'biggest nightmare' for India's financial sector is becoming real</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/aditya-birla-sun-life-mf-halts-fresh-subscriptions-in-two-debt-funds/articleshow/75881947.cms">Aditya Birla Sun Life MF halts fresh subscriptions in two debt funds</a>

Reserve Bank of India cuts interest rates to the lowest in over 2 decades⁠ as the central bank expects the GDP to contract this financial year

New Delhi, Jun 21 () With the world celebrating International Yoga Day on Sunday, leaders of Indian industry reiterated the significance of the ancient practice, especially during the coronavirus pandemic. While the practice of 'Namaste' has become the international symbol of maintaining physical distance and staying safe, the power of yoga in boosting mental fitness has also become significant, they said. "Namaste, in this time of COVID-19, has become not just an Indian but an international symbol of maintaining physical distance and staying safe. Namaste when combined with yoga, which is a way of life and part of our culture and heritage becomes one of our weapons to fight against the invisible virus," Ficci President Sangita Reddy said. Expressing similar views, Biocon Chairperson Kiran Mazumdar Shaw tweeted, "As we celebrate the virtues of yoga on physical fitness, Covid19 reminds us of the power of yoga in mental fitness too. Let's celebrate International Yoga Day 2020 with the strength of body and mind to fight the virus." "Yoga is a good way to keep the mind and body in a good healthy rhythm. In an ageing body yoga keeps one flexible and functioning well," Mahindra Manulife Mutual Fund MD and CEO Ashutosh Bishnoi said. Sharing his personal experience on the benefits of yoga, Jindal Steel and Power Ltd (JSPL) Chairman Naveen Jindal said, "Yoga has had a great effect on my life. It has given me calmness and flexibility, and has helped me improve my performance in shooting and polo. Embrace Yoga, stay healthy." Oil Minister Dharmendra Pradhan tweeted, "Yoga furthers the spirit of oneness. It is not just meditation but a way of life. Celebrated #InternationalYogaDay - Yoga at home, yoga with family. Sincere gratitude to Hon. PM Shri @narendramodi for popularising the ancient Indian science of yoga." "Yoga has emerged as a force for unity and deepens the bonds of humanity - PM @narendramodi ji. Yoga in everyday life helps harmonise body and mind," he said in another tweet, sharing pictures of him doing yoga at home. Oil and Natural Gas Corp (ONGC) Chairman Shashi Shanker and Indian Oil Corp (IOC) Chairman Sanjiv Singh also performed yoga routines at home. "Yoga boosts fitness by improving sleep, busting stress, building immunity and strengthening heart. Practicing yoga everyday can lead to better mental and physical fitness," ONGC tweeted. "Join the IndianOil family as we further the Hon'ble PM's vision of 'Yoga at home and Yoga with family', this #InternationalDayOfYoga and practice safely at home. A few glimpses of how @ChairmanIOCL took up the challenge," IOC tweeted, sharing pictures. Assocham Secretary General Deepak Sood said the International Yoga Day is a good reminder of staying fit for the large number of corporate personnel who have been working from home for almost three months with least physical activity. ''We need to ensure that the COVID-19 imposes the minimum of a cost on India's precious human resource; and the Yoga can be an effective shield," he added. Coal and Mines Minister Pralhad Joshi said in a tweet, "#Yoga helps in boosting our immunity and is most effective way to fight against #COVID19. Let's make yoga a regular part of our life and build a healthy nation. #InternationalYogaDay." "A simple and convenient means to attain overall fitness &amp; well-being, Yoga not only energises our mind &amp; body but also helps us heal from stress &amp; anxiety. On 6th #InternationalYogaDay, let us make make Yoga an integral part of our lives for a healthier tomorrow," Minister for Women and Child Development and Textiles Smriti Irani tweeted. RSN RKL ANZ ABM ABM

India Inc leaders reiterate significance of yoga in COVID-19 times

New Delhi, Apr 17 () The RBI's move to slash reverse repo rate and provide a re-finance window of Rs 50,000 crore will infuse liquidity into the system and nudge banks to lend more, enabling businesses to overcome the financial stress caused by the coronavirus pandemic, India Inc said on Friday. CII Director General Chandrajit Banerjee said the RBI's continued resolve to ensure that the availability of liquidity, especially for the stressed sectors, remains adequate is commendable. FICCI President Sangita Reddy said relaxation in regulatory requirements further will help banks in dealing with the COVID impact. Ficci would request RBI that additional working capital should be mandated rather than depending on the discretion of the banks. Thomas Muthoot, Founder-Director, Muthoot Pappachan Group said:"Specific measures announced in terms of directing banks to invest 50 per cent of funds under TLTRO 2.0 in mid-sized NBFCs through NCDs, etc., refinancing of all-India financial institutions like SIDBI and NHB and also reduction in reverse repo rate, would help substantially in liquidity for us to lend a lot more to the common man, who are terribly impacted by the current crises." Describing the new RBI measures as a "life-saving dose" for millions of businesses, Assocham said the partial re-opening of the lockdown, further regulatory forbearances, infusion of additional liquidity and nudging banks to do real lending would provide a much-needed shield both to Corporate India as also the most vulnerable informal sectors of the economy against the Covid-19 onslaught."The Whatever-It-Takes approach of the RBI to face the challenge of the health crisis that is projected to shave USD 9 trillion off the global economy in two years, reflects courage and responsibility on the part of the RBI. Governor Shaktikanta Das is clearly on top of the situation, navigating it in the high seas of fast evolving challenges, resulting from the unprecedented health crisis, " Assocham Secretary General Deepak Sood said.He said the relief measures unveiled by the RBI should help NBFCs, housing finance companies, small businesses and above all considerably avert the risk of further NPAs. The Reserve Bank of India on Friday cut the reverse repo rate and announced a slew of measures including re-finance window of Rs 50,000 crore and targetted long term repo auction of similar amount to deal with the impact of the Covid-19 pandemic.In a video message, Das said in order to encourage banks to deploy the surplus funds in investments and loans in productive sectors of the economy, it has been decided to reduce the fixed rate reverse repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 4 per cent to 3.75 per cent with immediate effect.The reverse repo rate is the rate banks earn by parking deposits with the RBI.Surplus liquidity in the banking system has risen significantly in the wake of government spending and the various liquidity enhancing measures undertaken by the RBI, he noted.He also said it has been decided to conduct targeted long-term repo operations (TLTRO 2.0) for an aggregate amount of Rs 50,000 crore, to begin with, in tranches of appropriate sizes.Among other measures, Das also announced special refinance facilities for a total amount of Rs 50,000 crore to Nabard, Sidbi and National Housing Bank (NHB) to enable them to meet sectoral credit needs. RSN ANUANU

RBI's move to infuse liquidity will help businesses mitigate financial stress: India Inc

<ul><li><keyword id="151330" type="COMPANY" weightage="20" keywordseo="Bank-Nifty">Bank Nifty</keyword>, the index of India's top banking stocks, is down 7% for the week hours before the trading on Friday concluded.</li><li>IndusInd Bank topped the list of weekly losers with a cut of nearly 20%.</li><li>Fitch estimates that a total of ₹5.5 trillion, about 5.7% of India's total outstanding loans, may witness defaults due to the economic stress dealt by the COVID-19 pandemic. </li><li>The Reserve Bank of India brought the interest rates down for the fifth time in a year to 4% now, the lowest since 2000.</li></ul>Bank Nifty, the index of India's top banking stocks, is down 7% for the week hours before the trading on Friday concluded. IndusInd Bank topped the list of weekly losers with a cut of nearly 20%. Shareholders of Indian banks are dumping their stock fearing a fresh surge in loan defaults as ₹2 in every ₹5 is lent to sectors like <a href="https://www.businessinsider.in/business/news/from-spicejet-to-oyo-to-mahindra-all-want-msme-tag-for-partners/articleshow/75821961.cms" data-type="tilCustomLink" target="_blank">tourism, hotels, and restaurants</a>, which are part of the medium-to-high-risk segments in the post-COVID world. The sell-off in banking stocks escalated on Friday (May 22) despite <a href="https://www.businessinsider.in/personal-finance/news/interest-payments-on-home-loans-car-loans-and-others-extended-by-another-three-months-by-rbi/articleshow/75884387.cms" data-type="tilCustomLink" target="_blank">the fifth cut in benchmark interest rates</a> in a year by the Reserve Bank of India. The <keyword id="43352" type="PERSON" weightage="20" keywordseo="Repo-rate">repo rate</keyword>, the interest that the central bank charges for lending money to banks, is now at 4%, the lowest since 2000. <div type="image" title="interest rates" msid="75884429" hostid="261" caption="&amp;lt;p&amp;gt;The benchmark interest rates in India have never been as low as 4% since the turn of the century.&amp;lt;/p&amp;gt;"></div> Not just that, the government also announced <a href="https://www.businessinsider.in/finance/news/india-puts-a-pause-on-new-bankruptcy-cases-for-a-year-and-other-changes-that-will-cap-the-rise-in-bad-loans/articleshow/75785508.cms" data-type="tilCustomLink" target="_blank">a pause on classifying loan defaults as bad loans</a>, and initiating new insolvency cases, for the next one year due to the debilitating impact of COVID-19 pandemic on the economy. However, none of these measures were good enough for the markets. <div type="Article" hostid="261" msid="75883216" title="DMart's quarterly sales may fall 25% but the shares are already up 35% ⁠— the retailer is now bigger than Maruti, Nestle and HCL Tech" mstype="2" mssubtype="0"></div> These are the top losers on the Bank Nifty this week: <table style="width: 188pt;"> <colgroup></colgroup><col /> <col /> <tbody><tr> <td class="xl63" style="height:15.0pt;width:95pt">Stock </td> <td class="xl63" style="border-left-width: initial; border-left-style: none; width: 93pt;">This week</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">IndusInd Bank</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-19.19%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">Federal Bank</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-14.63%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">Axis Bank</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-13.28%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">RBL Bank</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-11.29%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">Bank of Baroda</td><td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-9.98%</td></tr></tbody></table> The stocks look cheap as the Bank Nifty has already lost over 46% this year so far, but as ICICI Securities put it in a report dated May 13, "valuations are tempting but the risks outweigh rewards." Indian banks had barely cleaned up the massive pile of unpaid loans from the country’s corporates. The total non-performing assets (NPA) in India was estimated at over ₹9 lakh crore at the end of September 2019. The coronavirus pandemic is spiralling into an economic crisis that may bring a fresh wave of defauts ⁠— this time from the small borrowers. Fitch estimates that <a href="https://www.indiainfoline.com/article/news-top-story/banking-sector-beginning-new-npa-cycle-in-aftermath-of-covid-19-ind-ra-120052200246_1.html" data-type="tilCustomLink" target="_blank">a total of ₹5.5 trillion, about 5.7% of India's total outstanding loans,</a> may witness defaults due to the economic stress dealt by the COVID-19 pandemic. The report also added that every government-owned bank in India will need an additional capital of ₹30,000 crore to ₹55,000 crore. In an exclusive chat with <a href="https://twitter.com/BiIndia/status/1248562052337033216">Business Insider on April 10</a>, Vijay Shekhar Sharma, the billionaire founder of Alibaba-backed Paytm, said this will be the ‘biggest nightmare’ for India in 2020. With the <keyword id="30067" type="ORGANIZATION" weightage="20" keywordseo="RBI">RBI</keyword> extending the <keyword id="117489" type="PERSON" weightage="20" keywordseo="moratorium">moratorium</keyword> on loan repayments till August 31, it is likely that more borrowers may take the option. <div type="image" title="moratorium" msid="75885416" hostid="261" caption="&amp;lt;p&amp;gt;If more borrowers opt to defer loan repayments, it will hurt banks&amp;#39; earnings in the short term. They may earn interest on the prolonging of the loan tenure.&amp;lt;/p&amp;gt;"></div> Moreover, the chiefs of major lenders like Axis Bank and <a href="https://www.businessinsider.in/business/news/kotak-mahindra-bank-q4-profit-down-4-pc-to-rs-1952-cr/articleshow/75712873.cms" data-type="tilCustomLink" target="_blank">Kotak Mahindra Bank</a> have already said that they will be more cautious while making loans hereon, and that will have an impact on future earnings of the banks too. Even the corporate lobby says that the interest rate cuts are good, but not good enough. "...a new phenomenon is visible," ASSOCHAM Secretary General Mr Deepak Sood said. "Along with the risk aversion by the banks to lend, even the borrowers are apprehensive about increasing debts on their balance sheets in the face of a grave economic situation... Under such circumstances, restructuring of debts on a wider scale and a willingness to share the grave consequences of the global pandemic are essential." All in all, the business environment for banks seems to fraught with risks and investors don't have the appetite for it. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/personal-finance/news/interest-payments-on-home-loans-car-loans-and-others-extended-by-another-three-months-by-rbi/articleshow/75884387.cms?upache=2">No EMI payments for six months as RBI extends moratorium on loans repayments till August 31</a> <a href="https://www.businessinsider.in/finance/news/yes-bank-share-price-net-loss-and-drop-in-deposits-post-q4-earnings/articleshow/75590798.cms" data-type="tilCustomLink" target="_blank">Yes Bank fears more deposits may disappear when COVID-19 moratorium ends and people start repaying loans</a> <a href="https://www.businessinsider.in/business/corporates/news/axis-bank-q4-earnings-show-bad-loans-ease-but-ceo-amitabh-chaudhry-maintains-caution/articleshow/75429938.cms" data-type="tilCustomLink" target="_blank">Axis Bank CEO says lending will be 'cautious' despite easing stress from bad loans in the latest fourth quarter</a>

India's banking stocks are down 7% this week despite a rate cut by RBI and a pause on new bad loans and bankruptcies

New Delhi, May 1 () India Inc on Friday exhorted the government to immediately announce a stimulus package to mitigate the impact of the coronavirus pandemic, asserting that the lockdown has resulted in "massive economic disruption". The industry also welcomed the Centre's decision to extend the lockdown for two weeks from May 4 with relaxation to industrial activities in certain zones. "With restricted economic activities, the imperative for a quick and forceful economic support package for industry is even more compelling now. CII has suggested instituting a Government spending package equivalent to 3 per cent of GDP which would add Rs 6 lakh crore to the available firepower. Enhanced debt to GDP ratio can be a way out for adding fiscal space at a time when the debt to GDP ratio is modest in India," CII Director General Chandrajit Banerjee said. ''The government's strategy to build on the gains in the form of containment of coronavirus is understandable and must be supported, but the 40-day lockdown has resulted into a massive economic disruption. The disruption has started causing livelihood concerns for millions of workforce - both in the formal and informal sectors," Assocham stated. It said businesses across different sectors, be in hospitality, construction, logistics, manufacturing and trade find themselves locked up in grave financial woes. "Such a dire state of affairs demands a large sized fiscal stimulus even if it requires monetisation of fiscal deficit by direct lending by RBI to the government," said Assocham Secretary General Deepak Sood. Another industry chamber Ficci on Friday submitted its lockdown exit strategy recommendations to the Ministry of Home Affairs and called for resumption of industrial and commercial activities in green zones including within municipal districts, while maintaining protocols for sanitization and social distancing. Ficci suggested that government services such as documentation, stamping, registering trusts, etc. be resumed or digitally validated and resumption of international courier services. It said export routes through Land ports may to be opened and inland Waterways may be explored for both domestic and Exim cargo movement. In order to enable economic activity to go forward, retail &amp; wholesale businesses of both essential &amp; non-essential goods need to start operations in Green Zones maintaining necessary protocol for sanitation and social distancing, Ficci said. Reacting to the decision to extend the lockdown, Ficci President Sangita Reddy said while a regular assessment of the zones and activities is required to further relax the opening up of business activities, it is also now opportune time for the government to come up with the financial package, especially for the MSMEs, and for the industry as a whole. Confederation of All India Traders Secretary General Praveen Khandelwal said that due to such a long unprecedented lockdown in the country, millions of retailers are facing severe financial issues and are on the verge of collapse. "Even the existing inventory is unprotected and the quality is fast deteriorating. Cases of theft have also risen in unprotected and unguarded markets," Khandelwal said. The government on Friday announced that a "limited" lockdown, including suspension of inter-state travel, air and train services, will continue to remain in force for another two weeks throughout the country from May 4 but some activities would be allowed after classifying areas into Red, Orange and Green zones. The government order, which announced extension of the lockdown invoking the Disaster Management Act, said a limited number of activities will remain prohibited throughout the country, irrespective of the zone. These prohibited activities include travel by air, rail, metro and inter-state movement by road, running of schools, colleges, and other educational and training hospitality services, cinema halls, malls, gymnasiums, sports complexes. All social, political, cultural and other kinds of gatherings and religious places or places of worship for public will also remain shut, the order said but added that movement of persons by air, rail and road is allowed for select purposes, and for purposes as permitted by MHA. Industrial establishments in urban areas including Special Economic Zones (SEZs), Export Oriented Units (EOUs), industrial estates and industrial townships with access control have been permitted. Construction activities in urban areas have been limited to in-situ construction (where workers are available on site and no workers are required to be brought in from outside) and construction of renewable energy projects. Shops in urban areas, for non-essential goods, are not allowed in malls, markets and market complexes. However, all standalone (single) shops, neighbourhood (colony) shops and shops in residential complexes are permitted to remain open in urban areas, without any distinction of essential and non-essential. E-Commerce activities in the Red Zones are permitted only in respect of essential goods. and private offices can operate with up to 33 per cent strength as per requirement, with the remaining persons working from home. RSN MRMR

Industry demands stimulus package to mitigate impact of lockdown

<img class="gwt-Image" src="/photo/52703275.cms" /> Indian telcos have committed to invest around Rs 12,000 Crores in the next three months to improve networks which should help check the call drop issue in the country, <keyword id="6354776" type="COMPANY" weightage="80" keywordseo="Telecom">telecom</keyword> secretary <a href="http://www.businessinsider.in/searchresult.cms?query=JS+Deepak&amp;sortorder=effectivedate">JS Deepak</a> has said. 
 
"The mobile phone operators have promised to add 60,000 new cell sites where they need to improve their quality of service," <a href="http://www.businessinsider.in/searchresult.cms?query=JS+Deepak&amp;sortorder=effectivedate">Deepak</a> told reporters on Friday. 
 
"The government believes in the telecom sector. The quality of service must improve and industry has responsibility," he said. Telecom operators present at the meeting included <a href="http://www.businessinsider.in/searchresult.cms?query=Bharti+Airtel&amp;sortorder=effectivedate">Bharti Airtel</a> CEO (India, South Asia) Gopal Vittal, <a href="http://www.businessinsider.in/searchresult.cms?query=Vodafone+India&amp;sortorder=effectivedate">Vodafone India</a> CEO Sunil Sood, Idea Cellular Managing Director Himanshu Kapania and <a href="http://www.businessinsider.in/searchresult.cms?query=Reliance+Jio&amp;sortorder=effectivedate">Reliance Jio</a> Infocomm MD Sanjay Mashruwala. 
 
"We discussed with the telecom secretary how we plan to address the issue and the concerns of the sector," Rajan Mathews, director general of industry body Cellular Operators Association of India (COAI), said after the meet. 
 The meeting comes at a time when ties between the telcos and the Telecom Regulatory Authority of India (<keyword id="6356988" type="PERSON" weightage="80" keywordseo="TRAI">Trai</keyword>) have reached a low with both parties adopting aggressive stance against one another on several issues. 
 
Image credit: Indiatimes

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Reserve Bank of India cuts interest rates to the lowest in over 2 decades⁠ as the central bank expects the GDP to contract this financial year

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Sriram

India Inc leaders reiterate significance of yoga in COVID-19 times

PTI

RBI's move to infuse liquidity will help businesses mitigate financial stress: India Inc

PTI

India's banking stocks are down 7% this week despite a rate cut by RBI and a pause on new bad loans and bankruptcies

Sriram Iyer

Industry demands stimulus package to mitigate impact of lockdown

PTI

Telcos will spend Rs. 12,000 Crores in next three months to tackle call drop

BI India Bureau

Checkout BJP and AAP candidates fighting from your constituency

Preeti Soni