Loans without default on March 1 eligible for restructuring: RBI

The Reserve Bank of India (RBI) has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under the pandemic-related......

RBI unveils reverse repo rate cut, other measures to cushion Covid-19 impact

The RBI on Friday further eased bad loan rules, froze dividend payment by lenders and pushed banks to lend more by cutting the reverse repo rate by 25 basis points, as it unveiled a second set of......

RBI announces sops for lending to MSME, home, auto sectors

Observing that MSME sector plays an important role in the growth of the Indian economy, RBI said the restructuring of the borrower account has been extended by further one year to March 31, 2021.......

Rate cut to take some time, say bankers

Bankers on Tuesday ruled out an immediate cut in lending rates saying they will wait for the Budget, but termed the RBI policy review as growth-oriented as the reduction in SLR will release more......