The Reserve Bank of India injected a total liquidity of Rs 2.98 lakh crore in the market in 2018-19, one of its reports said on Thursday.
The share of state-run banks in loan disbursals to MSMEs has dropped from 58 percent to 39 percent in December 2018, a report by SIDBI and Cibil Transunion said.
Following RBI governor Shaktikanta Das’ announcement the RBI would issue a revised circular following the apex court’s verdict, the Indian Banks’ Association has written to the RBI with at least seven recommendations.
Loans of Indian banks jumped 13.2 percent year-on-year, in the two weeks ended March 29, while deposits rose 10 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.
The country's foreign exchange reserves rose by $ 1.876 billion to $ 413.781 billion in the week to April 5, aided by a rise in foreign currency assets, Reserve Bank data showed Friday.
Mumbai: Last week, when the Reserve Bank of India (RBI) cut repo rate — the rate at which the central bank lends to commercial banks – by 25 basis points (bps) to 6%, it sent out hope that your loans will get cheaper. One bps is one hundredth of a percentage point.