RBI Monetary Policy Highlights: The Monetary Policy Committee (MPC) of the Reserve Bank kept the repo rate unchanged at 4 percent and maintained an ‘accommodative’ stance. The RBI MPC began its three-day deliberations on Wednesday. In another major announcement, RBI Governor said that the commercial and co-op banks will not give out dividends this year and retain all the profits.
Tag: COVID19
RBI has issued FAQs on Resolution Framework for Covid-19 related stress. These FAQs will help in clarifying the various aspects announced for COVID19 related stress.