Wed, Feb 07, 2018
RBI has kept policy repo rate unchanged at 6% in the past two monetary policy meetings along with accommodative stance due to fear of higher inflation and macro-economic data.
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Thu, Oct 19, 2017
At a paltry 5.08%, fiscal 2017 was the worst year in over six decades for bank credit-lowest since fiscal 1953 when it grew at a much lower 1.8%.
Thu, Aug 17, 2017
A total of seven banks have revised interest rates on savings bank account between 25 basis points - 100 basis points on various minimum balance.
Mon, Aug 14, 2017
RBI in its circular on August 10, stated that the central board has approved to transfer surplus amounting to Rs 30,659 crore. This would be not even half of surplus it provided in FY16.
Wed, Aug 02, 2017
The decision was taken considering the majority of MPC, as four out of six MPC members were in favour of 25 bps cut in policy rate.
Policy repo rate stands at 6.25% presently. Markets are expecting a rate cut while few analysts believe it would be another status quo in this monetary policy review.
Wed, Jun 07, 2017
RBI is set to announce second bi-monthly monetary policy statement on June 07.Analysts expects the central bank to once again keep repo rate unchanged but sees changes in its economic stance.
Mon, Jun 05, 2017
RBI's move to bring down liquidity was one of the concern in April policy. Data suggest liquidity has come down since then.
Wed, May 03, 2017
Sadagopan said, "FD rates are a problem area for those who are dependent on the interest from it for their sustenance."
Thu, Apr 06, 2017
Despite RBI shifting its policy stance to neutral in February, the weighted average overnight rates has floated close to the reverse repo rate of 5.73% in March 2017, as liquidity surplus reaches at Rs 4.5 lakh crore in the month.
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