The reopening of the economy led to better than anticipated recovery in consumption led by strong pent-up demand followed by the festive season. Most high-frequency indicators indicated that the economic recovery is well on track

To mitigate the impact of COVID-19 on NBFC sector, the government and Reserve Bank of India (RBI) have announced various schemes such as the Partial Credit Guarantee Scheme (PCGS), Targeted Long-Term Repo Operations (TLTRO) and Special Liquidity Scheme (SLS)

The currency unit opened at 73.11 per US dollar at the interbank forex market and inched 7 paise higher to 73.10 over its previous close

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Axis Bank said that its outstanding loan to SREI entities and SREI group (including SREI entities) stood at Rs 411 crore and Rs 800 crore, respectively, as on December 14, 2020

Last year, the RBI had also made the services of the National Electronic Fund Transfer (NEFT) be available 24*7.

The response came in wake of the RBI order to impose temporary restrictions on HDFC Bank's new digital initiatives until the bank fixes its IT systems

Last week, banking sector regulator Reserve Bank of India (RBI) had asked the bank to temporarily stop all launches under its digital 2.0 initiative and stop sourcing new credit card customers

The RBI continues to be in wait and watch mode as there is very limited scope on what monetary policy can achieve given GDP in contraction mode and inflation risk on upside, says economists at State Bank of India 

The RBI's revised projection stems from the recent boost in the economic revival -- both in rural as well as urban areas -- in many sectors

RBI has allowed regional rural banks (RRBs) to access the liquidity adjustment facility (LAF) and marginal standing facility (MSF) in order to facilitate better liquidity management for these lenders

Following the news, Bharti Airtel share opened at Rs 486.35 and later touched an intraday high of Rs 497.60, rising 3.68% against the earlier close of Rs 479.95 on BSE. The stock also touched an intraday low of Rs 483.35

During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280. During the week, Sensex and Nifty have risen 929 points or 2.1% and 289 points or 2.23%, respectively.

The RBI Governor made this comment after the central bank on Thursday asked HDFC Bank to temporarily stop all launches of its upcoming digital business-generating activities and sourcing of new credit card customers after recent service outages

Draft directions on security of digital payment channels will be issued soon for public comments, he said

The stock of the private sector lender has fallen 67% since the beginning of the year and over 74% in one year. YES Bank stock is trading higher than 5, 20, 50 and 100-day moving averages but lower than 200-day moving averages

The domestic unit opened at 73.81 per US dollar at the interbank forex market and gained 16 paise to 73.77 against the greenback over its previous close

Das says COVID-19 broke out even as the world was gripped by a synchronised slowdown in activity, which made the agony even more excruciating; adds RBI's role as debt manager and banker to government was tested to the hilt in 2020