RBI Governor Shaktikanta Das congragulated his central bank colleagues following the development. “RBI Twitter account reaches one million followers today. A new milestone. Congratulations to all my colleagues in RBI,” Das said in a Twitter post.

Currently, the RBI handle is followed by as many as 10,00,513 people around the world.

RBI Twitter account reaches one million followers today. A new milestone. Congratulations to all my colleagues in RBI.

— Shaktikanta Das (@DasShaktikanta) November 22, 2020

RBI now has more Twitter followers than the US Federal Reserve and the European Central Bank. The world’s most powerful bank in the world US Federal Reserve has 6.77 lakh followers while the second most powerful one ECB had 5.91 lakh followers on Twitter.

RBI’s achievement is commendable, considering that the 85-year old central bank was latecomer on Twitter. Its account was created in January 2012, much later than the Twitter handles of US Federal Reserve and the European Central Bank (ECB).

The second most followed central bank on Twitter is the Banco de Mexico with 7.74 lakh followers, followed by Bank of Indonesia with 7.57 lakh followers.

The post RBI becomes world’s first central bank with 1mn Twitter followers appeared first on The Gulf Indians.

While hearing a petition seeking a direction for waiver of interest on the loan repayment during the moratorium period, the Apex Court observed that the government is hiding behind the Reserve Bank of India (RBI) and why it has still not filed its reply.

“You cannot be interested only in business and not about sufferings of people,” said a bench of the Apex Court, headed by Justice Ashok Bhushan and fixed the matter for further hearing on September 1.

The Apex Court observed that the matter has been hanging for a long time.
“The problem has been created by your (Centre’s) lockdown. This is also not the time to consider about the business. The plight of people has to be considered also,” the bench said.

A petition has also been filed in the Supreme Court seeking directions to all the banks to extend the moratorium period till December 31 to ensure helping the borrowers in deferring their EMI payment on term loans.

In June, the Supreme Court pulled up the Central government and asked it to step up and take a stand over the issue related to charging interest on EMIs during the six month moratorium period granted in view of COVID-19 pandemic.

The post SC slams Centre on lockdown, loan moratorium appeared first on The Gulf Indians.