RBI allows RRBs to issue certificate of deposits

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Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said that he is permitting RRBs to issue certificate of deposits (CDs).

RBI allows RRBs to issue certificate of deposits

Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said that he is permitting regional rural banks (RRBs)to issue certificate of deposits (CDs).

"All issuers of CDs will be permitted to buyback their CDs before maturity, on certain conditions," he said.

Das further said that he has also decided to permit authorised dealer banks to place margins on behalf of foreign portfolio investors (FPIs).

"NAC has emerged as important DBT vehicle, it will be made available for all days of the week from August 1," he added.

The Monetary Policy Committee (MPC) of the Reserve Bank of India, meanwhile, kept the repo rate unchanged at 4 percent for the sixth consecutive policy, while maintaining an accommodative stance amid uncertainty about the economic fallout of the second COVID-19 wave and rising inflation.

The reverse repo rate also was kept unchanged at 3.35 percent.

Catch all RBI policy related updates here

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CompanyPriceChange%Loss
Nestle17,426.80 -372.60
SBI433.60 -6.05
HDFC Bank1,500.95 -19.60
ICICI Bank642.70 -7.55
Axis Bank742.05 -8.60
CompanyPriceChange%Loss
Nestle17,445.15 -350.55
SBI433.60 -6.05
HDFC Bank1,501.15 -19.05
ICICI Bank642.80 -7.40
Axis Bank742.10 -8.35
CompanyPriceChange%Loss
Nestle17,426.80 -372.60 -2.09
SBI433.60 -6.05 -1.38
HDFC Bank1,500.95 -19.60 -1.29
ICICI Bank642.70 -7.55 -1.16
Axis Bank742.05 -8.60 -1.15
CompanyPriceChange%Loss
Nestle17,445.15 -350.55 -1.97
SBI433.60 -6.05 -1.38
HDFC Bank1,501.15 -19.05 -1.25
ICICI Bank642.80 -7.40 -1.14
Axis Bank742.10 -8.35 -1.11

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