Wed, Oct 09, 2024
RBI Monetary Policy, October 9, 2024: Domestic growth has sustained its momentum, with private consumption and investment growing in tandem.
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Thu, Aug 08, 2024
RBI Monetary Policy: During the MPC today, RBI Governor Shaktikanta Das proposed a new initiative to reduce the cheque-clearing time from up to two days to a few hours.
Wed, Jun 19, 2024
In India, high-frequency indicators suggest the real GDP growth in Q1 FY2024-25 is broadly maintaining the pace it achieved in the preceding quarter.
Wed, Aug 07, 2019
Generally, RBI repo rate cut means good news for borrowers, but it also scripts a bad case for depositors.
After RBI announced repo rate cut, the largest lender, State Bank of India (SBI), stirred up the competition further.
RBI’s repo rate cut was a major step for the Indian rupee, which is already facing headwinds due to geopolitical tensions, currency war and trade war among other factors.
Tue, Aug 06, 2019
Gross slippage is slightly high in the first quarter, but two-three reason increased its level this time, says Rajnish Kumar, Chairman, State Bank of India (SBI), in a candid chat with Zee Business.
Tue, Jun 11, 2019
RBI has constituted the committee to examine the entire gamut of ATM charges and fees.
Sat, Jun 08, 2019
SBI statement said, "The benefit of reduction in the repo rate by 25 bps has been passed in its entirety to our CC/OD customers (limits above Rs 1 lakh), with effect from July 1."
Fri, Jun 07, 2019
Bank ATMs provide a huge number of services that are very helpful for citizens. However, customers pay for them. RBI has looked deeply into this and has made an announcement that will come as a big relief for customers.
Thu, Jun 06, 2019
RBI monetary policy 2019: The Reserve Bank of India (RBI) today cut the repo rate to 5.75 per cent and reverse repo rate to 5.50 per cent.
India has finally witnessed a repo rate of 5.75%, which by the way, comes after 9 years. A lot has changed since 2010, when this rate was last applicable.
RBI monetary policy 2019: Ashu Madan said the RBI should go ahead with action and talked about its accommodative stand, which he added, should be visible in action.
In last 3 monetary policies, overall 75 basis point cut has been made in repo rate.
In fact, rupee reversed its Thursday's early opening trend, and strengthened against dollar benchmark commendably.
RBI monetary policy 2019: All the MPC members unanimously decided to change the stance of monetary policy from neutral to accommodative.
A rate cut is definitely a good sign for both banks and borrowers, as lending rates come down.
As the Reserve Bank of India (RBI), led by by governor Shaktikanta Das, will be presenting India’s second bi-monthly monetary policy for FY20 today, market experts as well as investors are expecting a rate cut of another 25 basis point cut. Zee Business Managing Editor Anil Singhvi along with a panel of experts is discussing various factors that may have impact on markets as well as on India's economy.
Following the RBI repo rate cut announcement, there was heavy selling pressure witnessed on Sensex and Nifty 50.
RBI monetary policy 2019: The Reserve Bank of India (RBI) governor Shaktikanta Das along with MPC members today announced their decision to cut policy repo rate by 25 basis points. In last 3 monetary policies, overall 75 basis point cut has been made in repo rate.
The Reserve Bank of India's Monetary Policy Committee (MPC) at its meeting today decided to reduce the policy repo rate.
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.
Das along with MPC members equally will vote for their stance in this monetary policy, followed by majority decision.
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