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Fact File

RBI Holds Policy Rates, Announces Sops For COVID-Stressed Borrowers

COVID-19 stressed borrowers would be eligible for a relief mechanism, as part of a set of announcements by the RBI

6 Aug 2020 9:34 AM GMT

Fake News

Google Pay Says Transactions Are Secure, Redressal Mechanism

Both Google Pay and NPCI clarified that Google Pay is a third-party app enabling UPI transaction protected by law

25 Jun 2020 1:09 PM GMT

Fake News

Old Reports Of RBI Granting Licence To Bank Of China Shared As Recent

Articles and social media posts have revived RBI's 2018 and 2019 permits to the Bank of China as recent as border...

10 Jun 2020 1:06 PM GMT

Fake News

RBI Denies Reports Of Writing Off Loans Worth Rs. 68,000 Crore

Speaking to BOOM, RBI said that the write-offs are not done by them, but by the banks after provisioning for NPAs

28 April 2020 3:15 PM GMT

Fake News

Raghuram Rajan Did Not Address IMF Webinar On COVID-19

BOOM found the key points attributed to Raghuram Rajan were also attributed to Darshan Mehta, CEO of Reliance Brands

21 April 2020 3:29 PM GMT

Fact File

As News Around 'Helicopter Money' Flies, Here's What It Actually Means

'Helicopter money' is going viral after a news channel faced the heat for its reporting of this economic concept

19 April 2020 6:41 AM GMT

Fake News

Claims That Aadhaar Enabled Payments Will Not Work Till April 14 False

The central bank and the government have denied that Aadhaar enabled payments - AePS - will be down till April 14

13 April 2020 11:01 AM GMT

Fact File

Why RBI's Loan Repayment Moratorium Is Not A Relief For Borrowers

Interest continues to accrue on outstanding debt should lockdown-hit borrowers choose to opt for the moratorium.

6 April 2020 12:31 PM GMT

Fact File

'Time To Unleash All Policy Measures' Says Gov, As RBI Cuts Key Rates

The RBI has further permitted all lending institutions to grant a moratorium of three-months on loan repayments

27 March 2020 7:29 AM GMT

Health

Can Contaminated Currencies Spread Coronavirus? All You Need To Know

No existing evidence shows that COVID-19 spreads through cash amid growing chatter around its role in its transmission

20 March 2020 4:56 PM GMT

Fake News

False: Banks To Block Accounts That Do Not Have NPR Doc From April 1

BOOM spoke to an RBI spokesperson who clarified that the viral message has no basis.

12 March 2020 10:55 AM GMT

Fact File

Top 5 Things To Know If You Are A YES Bank Customer

BOOM rounds up the top 5 things that those banking with YES Bank will face during the 30-day moratorium period

6 March 2020 10:06 AM GMT