Rbi Governor Press Conference

RBI announces EMI moratorium: Will my installment be deducted, are credit card bills suspended and other questions answered

The Reserve Bank of India (RBI) on n Friday allowed all financial institutions to allow a three-month moratorium for all term loans in light of the COVID-19 outbreak and the subsequent lockdown.

Coronavirus Outbreak: RBI cuts repo rate by 75 bps; full text of Shaktikanta Das monetary policy statement

The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind

Coronavirus Outbreak: Nirmala Sitharaman took care of the poor, Shaktikanta Das has taken care of middle class by cutting interest rates

RBI Governor Shaktikanta Das in a press conference said these are extraordinary circumstances, and unprecedented measures are required to support the sagging economy as all the economic activities have come to a halt.