While announcing the TLTRO, the monetary authority had said banks would have deploy at least 50 per cent of the proceeds in corporate bonds, commercial papers and debentures, so that the secondary market for debt remains fully liquid.

Savings bank account interest is calculated on a daily basis on the daily closing balance in the account, at the rate specified by the bank in accordance with Reserve Bank of India directives.

Last week when the RBI permitted banks to allow a moratorium of three months on payment of instalments on all term loans, PSBs started announcing an automatic deferral of instalment for all

Central bank has decided to extend realisation period of export proceeds, limits of way and means advances of states/UTs and mechanism for counter-cyclical capital buffer

A large number of MSMEs expect to resize operations in the coming months

Diversify and park money in select large caps available at throwaway prices

what the centres package to combat corona crisis will do to indias already struggling economy

Banks are passing on repo cut benefit to borrowers and tying up working capital limits to kickstart businesses

SBI has initiated process to defer EMIs and interest on term loan falling due between March 1 to May 31 and extend repayment period by three months

Coronavirus update: The central bank has announced releasing up to Rs 1,00,000 crore through long term repo auction. There is already a scramble for pouncing on the cheap money instead of chasing deposits

Coronavirus Outbreak in India: The service sector will be most impacted due to lockdown as consumption of non-essentials takes a hit but lockdown's initial impact on manufacturing activity is expected to be somewhat lower

Sensex, Nifty Live News Today: BSE 30-share barometer Sensex ended 1,375 points lower at 28,440 and NSE 50-share index Nifty fell 379 points to close at 8,281.

Stocks to watch today on March 30: SBI, Maruti Suzuki, NTPC, TVS Motors, Bank of India, Motherson Sumi, SpiceJet among others are the top stocks to watch out for in Monday's trading session

Bank of India has also cut benchmark marginal cost of funds based lending rate (MCLR) by 25 bps across tenors from one year to one month, and by 15 bps for overnight tenor. The one-year MCLR is now 7.95 per cent per annum

Union Bank CEO Rajkiran Rai G said harmonisation of human resources has been completed and the board has approved all the products, processes and policies for the amalgamated entity

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Coffee Day Enterprises said that it has repaid around Rs 4,000 crore to the lenders since the beginning of this financial year

Chidambaram said RBI's direction on deferment of EMI payments is ambiguous and half-hearted

Following a 75 basis points reduction in interest rate, SBI's external benchmark linked lending rate (EBR) will come down to 7.05 per cent per annum from 7.80 per cent earlier

A CRR reduction or revision was never coupled with repo or reverse repo rate revision since the central bank was nationalised in 1949