Sunday 17 October 2021
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Tag: Shaktikanta Das

RBI pushes fiscal year-end to June to match govt accounting

The RBI financial year 2019-20 will end on 30 June this year while the fiscal year 2020-21 will begin on 1 July and end on 31 March 2021

RBI refuses to print extra notes; repo rate unchanged

Today, RBI also announced the cheque truncation system across the country by September 2020 to ensure cheques are cleared in a very short time

‘Cobra effect’ concerns RBI guv while urging cos to reform

Das urged companies including banks to improve their system while staying alert of a cobra effect where a solution is worse than the problem

SBI, BoI, HDFC reduce rates for home, auto loans

But the floating rate for home loan of SBI being linked to the one-year MCLR and the rate being fixed for one year would delay the impact

RBI policy rates intact; SBI disapproves status quo

The 6-member MPC headed by the RBI governor unanimously decided to maintain the repo rate at 5.15% and the reverse repo rate at 4.90%