New Delhi: Fear of the Coronavirus has created a furore in the stock market, due to which many big banks across the world have decided to cut the emergency rate of emergency. Keeping this in mind, Reserve Bank of India (RBI) Governor Shaktikanta Das is going to press conference today, in which some big announcement is expected. Along with this, he also assured the customers of Yes Bank that their money is completely safe.
Shaktikanta Das said that Yes Bank is being increasingly worked by Reserve Bank of India and Government of India. The Moratorium will be removed on Wednesday 18 March at 6 pm. He said that the banking sector of the country is in strong and secure hands. Yes Bank has no shortage of money, and RBI will help the bank to increase liquidity if required.
Let us tell you that the Federal Reserve Bank of America has reduced its critical benchmark rates to zero last Sunday to bring liquidity in the economy and to deal with the possibility of Corona virus-born recession. Actually all the Sensex companies were trading in red mark. Shares of ICICI Bank, HDFC, Axis Bank, Titan, Tata Steel and Bajaj Finance were down by 12 per cent.
Also Read:
Nitish Kumar on Corona, says, 'Need of mask is not for victims, but for healthy people'
Mamata angry at cancellation of Kolkata ODI, says, "Why did Ganguly not tell us?"
Husband and wife got divorced due to coronavirus, you will be shocked to know the whole thing
