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RBI policy remained as expected... Good growth seen in Agri loans in FY24... Good recovery in corporate loan growth too... RBI advised to be cautious on consumer loans: Ashwini Tiwari, MD, SBI
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Nothing surprising in RBI policy? When is interest rate cut expected? Why was the emphasis in the policy on Monsoon? Know from market expert Ajay Bagga...
Zee Business's questions, RBI Governor's answers... Recently, RBI took action against two NBFCs... Is there any problem in the practice of the entire industry? Will RBI bring any new policy for NBFCs related to gold loan, capital market? What did the RBI Governor say? Listen here...
Thu, Jun 06, 2019
Real estate developers have welcomed the decision citing the move would send out positive notional signals but will the banks pass-on its benefit.
The Reserve Bank will issue a revised circular on bad loan recognition within the next three-four days, replacing the February 12 circular that was struck down by the apex court.
The latest Consumer Price Index (CPI) or retail inflation numbers are slightly up at 2.92% in April 2019 compared to 2.86% in March 2019.
RBI has done away with RTGS and NEFT routes to boost digital transactions and has asked banks to pass on the benefits. This comes as a major good news for bank customers.
Warning the retail bankers for not passing on the rate cut benefits to the customers the RBI Governor vowed to take stringent actions against the retail banks.
From cut in Repo Rate to waiver for RTGS and NEFT charges, the RBI Governor gave the MPC review of the Indian economy as well.
The retail inflation projection for the second half of this fiscal has been cut to 3.4-3.7 per cent as against RBI's previous projection of 3.5-3.8 per cent.
Weak global demand due to escalation in trade wars may further impact India's exports and investment activity.
Following the RBI repo rate cut announcement, there was heavy selling pressure witnessed on Sensex and Nifty 50.
RBI monetary policy 2019 Key Takeaways: The Reserve Bank of India, in its second bi-monthly review report on Thursday, cut its policy interest rate by 25 basis points in a widely expected move.
Changing its stance from 'neutral' to 'accommodative' the Reserve Bank of India cut Repo Rate for third straight time by 25 bps to 5.75 pct. To push the digital payment, the RBI has decided to waive Neft and RTGS charges.
These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
This policy, experts believe that monsoon will play major role in decision-making.
Das along with MPC members equally will vote for their stance in this monetary policy, followed by majority decision.
RBI Monetary Policy 2019 Highlights: A major boost is expected from the Reserve Bank of India (RBI) on Thursday morning when it presents the monetary policy report. Economy watchers contend that subdued food prices coupled with growth concerns allows RBI to aggressively cut key lending rate.
Currently, India’s policy repo rate stands at 6%, with reverse repo rate under LAF adjusted at 5.75%.
The industry insiders are of the opinion that cut in rates would help increase liquidity into the market leading to easy access of funds to the real estate developers and lower EMI for homebuyers.
Wed, Jun 05, 2019
RBI has cut repo rate by 50 basis points in past two monetary policies, taking down the indicator to 6% currently.
A booster dose in the form of further rate cut is expected from the Reserve Bank to rekindle economic growth which has been stunted by low demand, receding production and stagnant wages.
RBI rate cut will help in liquidity injection in the economy and help revive the currently stalled credit cycle, increase broad-based investments, give a fillip to consumption expenditure.
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