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RBI cuts Reverse Repo Rate by 25 bps to 3.75% to Address the Liquidity Stress During COVID-19 Lockdown

“During our darkest moment, we must focus on the light,” the RBI Governor said. The Reserve Bank of India (RBI) on Friday freed up more capital for banks to lend, announced a fresh Rs 50,000 crore targeted long-term repo operation (LTRO 2.0) to address the liquidity stress of shadow banks and microfinance institutions and hinted […]

Goldi Solar completes 24+ MW solar module supply for solarization of LS Mills Limited

COVID-19 Effects: RBI reduces repo rate by 75 basis points to 4.4%

  NEW DELHI: RBI governor Shaktikanta Das on Friday announced a series of steps to boost liquidity in a stimulus worth 3.2% of GDP to counter the economic impact of the coronavirus outbreak. Here are key points from Das’s announcements: *All lending institutions can allow three-month moratorium on EMI payments. *Deferment on loan and interest […]

Goldi Solar completes 24+ MW solar module supply for solarization of LS Mills Limited