Monday, Mar 30, 2020 | Last Update : 04:55 AM IST

Economy | The Asian Age

Union Bank expects Rs 2,500 cr benefits due to amalgamation: CEO

Amalgamation will create an employee base of 75,000, of which 37,000 are from Andhra Bank and Corporation Bank put together

29 Mar 2020 4:11 PM

Mega merger of state-run banks comes into force from April 1: RBI

The government on March 4 had notified the amalgamation schemes for 10 state owned banks into four as part of its consolidation plan

29 Mar 2020 12:33 PM

RBI defers EMIs on all loans for 3 months

Key rate cut by an unprecedented 75 pts

27 Mar 2020 2:57 PM

RBI reduces repo rate by 75 bps to 4.4%

The central bank also reduced the cash reserve ratio of all banks by 100 basis points to 3 per cent with effect from March 28 for 1 year

27 Mar 2020 11:46 AM

Coronavirus: Doctors, paramedics in India get 50 lakh insurance cover

Government has finalised an economic stimulus package to deal with the impact of 21-day countrywide lockdown

26 Mar 2020 5:23 PM

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Senate passes coronavirus rescue package on unanimous vote

The package is intended as relief for an economy spiraling into recession

26 Mar 2020 10:31 AM

Experts peg India's cost of COVID-19 lockdown at USD 120 bn

“The Indian government has so far been largely silent on the economic impact from the lockdown

25 Mar 2020 12:11 PM

US Senate, White House agree on $2 trillion coronavirus rescue plan

Top White House aide Eric Ueland announced the agreement in a Capitol hallway

25 Mar 2020 11:39 AM

Coronavirus recession could be worse than 2009, warns IMF

Mulls SDR allocation to provide liquidity to global economy

24 Mar 2020 11:08 PM

Fed ramps up help to US economy on life support

The Federal Reserve warned of "severe disruptions" from the virus as it rolled out another series of measures to pump funds into the economy

24 Mar 2020 11:34 AM

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RBI prepones second tranche of g-sec buying to March 26

RBI has decided to advance second tranche of purchase of government securities under open market operations for Rs 15,000 crore to March 26

23 Mar 2020 4:25 PM

Rahul Gandhi argues for big financial package to rescue Indian economy

What we need is cash relief and tax sops, not beating of thalis, says Congress leader

21 Mar 2020 4:48 PM

Covid 19 impact: Fitch cuts India growth forecast to 5.1% for FY21

Fitch had in December 2019 projected India's growth at 5.6 per cent for 2020-21 and 6.5 per cent in the following year

20 Mar 2020 12:34 PM

Disruption in India's BPO would impact FDI: US business advocacy group

The annual revenue of India's BPO industry is said to over USD 10 billion and gives employment to hundreds and thousands of youths

20 Mar 2020 12:27 PM

IndusInd Bank says it is financially strong, amid speculation on financial health

The bank said it maintains liquidity well above 100 per cent going up to 120 per cent on a daily basis

18 Mar 2020 3:18 PM

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Yes Bank moratorium ends today, to resume banking services

On march 5, RBI imposed a moratorium on Yes bank, restricting withdrawals to Rs 50,000 per depositor till April 3

18 Mar 2020 3:10 PM

RBI to offer USD 2 billion worth American dollars to soothe forex market

Decided to undertake six-month US Dollar sell/buy swaps to provide liquidity to the foreign exchange market: central bank

12 Mar 2020 6:01 PM

Coronavirus repercussions on global economy profound

China’s totals of 80,793 cases and 3,169 deaths are a shrinking portion of the world’s more than 1,26,000 infections and 4,600 deaths

12 Mar 2020 11:22 AM

India's retail inflation remains above RBI target band

Poll finds out that inflation likely fell to a three-month low in February

09 Mar 2020 2:42 PM

Sensex takes a major hit over 1,500 pts on global equity rout

The rupee was trading flat at 73.89 against the US dollar in morning session

09 Mar 2020 1:54 PM

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