RBI Latest Updates: Reverse Repo Rate slashed, NPA, GDP Growth and other Details_00.1
Latest Banking jobs   »   RBI Latest Updates: Reverse Repo Rate...

RBI Latest Updates: Reverse Repo Rate slashed, NPA, GDP Growth and other Details

Reserve Bank Of India Governor Shaktikanta Das in his address to media has made some  important announcements. RBI had earlier also addressed the media and announced the cut of repo rate by 75 basis points which was a 15 year low of 4.40% and also announced to cut the cash reserve ratio ( CRR) by 100 bps to 3%. This press conference is important as it will decide the fate of the Indian Economy and will help us to understand the current position of the Indian economy. Let’s take a look at some of the important measures and announcement made by the RBI Governor.

Also Read,

List of Presidents List of Prime Ministers Largest State of India Governers of RBI
Chief Election Commissioner of India
 Make in India Fundamental Rights What is PMJDY?

RBI Governor Shaktikanta Das LIVE Updates:

  • RBI Governor Shaktikanta Das said that RBI will monitor evolving situation continuously and will use all its tool to deal with pandemic fallout.
  • The Loans given by NBFCs to real estate companies  will get similar benefit as given by any scheduled commercial banks.
  • RBI has also decided to brought down the LCR requirement of banks to 80% from 100% which will be restored in phases by April next year.
  • RBI Governor says that Inflation is on a declining trajectory and it could recede even further.
  • Banks are ordered to  not make any dividend payments until further orders.
  • Banks will exclude the moratorium period for NPA classification.
  • During lockdown all the Economic activities have come to a standstill.
  • NABARD, SIDBI, NHB will be given ₹50,000 crore special finance facility.
  • Monetary policy Committee has decided to keep the  repo rate unchanged but Reverse repo rate cut by 25 bps to 3.75%.
  • RBI is taking new measures that are aimed at maintaining adequate liquidity in system, facilitate bank credit flow, ease financial stress.
  • RBI has also announced to conduct TLTRO 2.0 operations of 50,000 crore.
  • RBI is taking additional measures to maintain adequate liquidity in the system.
  • RBI has announced to moderate the Redemption pressures faced by some mutual funds.
  • As per the records of RBI- Automobile production and  sales has declined sharply in March. Electricity demand has also fallen sharply.
  • In IIP data for Feb Covid-19 impact is not captured.
  • There is no downtime on internet and mobile banking.ATM operations stood at 91%.
  • RBI Governpr quoting IMF Projection says that India is expected to post sharp turnaround in 2021-22.
  • As per the IMF projection, India’s growth  of 1.9% GDP growth is highest in G20.
  • During outbreak of pandemic Banks, financial institutions have risen to occasion to ensure normal functioning.
  • RBI governor also cites developments that bode well for rural demand.
  • As per the records, Financial market situation has deteriorated in some areas during this pandemic.
  • In early trade, Rupee rises 29 paise to 76.58 against US dollar.
  • Before RBI’s announcement, Sensex rose over 1,000 points.
  • RBI Governor says “The mission is to do whatever it takes during the Covid pandemic”
  • RBI announced to increase the  WMA limits by 60 per cent, to plan their market borrowings better. The facility will be available till September 30.
  • More than Global Financial Crisis, Contraction in exports at 34% has turned out to be much worse- says RBI Governor Shaktikanta Das.

Click Here to Register for Bank Exams 2020 Preparation Material

Practice With,

Download SBI Clerk Prelims 2021 Memory Based Mock PDF

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.

Was this page helpful?

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Login

OR

Forgot Password?

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Sign Up

OR
Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Forgot Password

Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to
/6


Did not recive OTP?

Resend in 60s

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Change Password



Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Almost there

Please enter your phone no. to proceed
+91

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to Edit Number


Did not recive OTP?

Resend 60

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?