Tue, Dec 10, 2024
The appointment of Sanjay Malhotra as the new RBI Governor "cements" the possibility of a rate cut at the next policy review in February, analysts said on Tuesday. Outgoing Governor Shaktikanta Das was "sticking to his guns" on rates as seen at the December 6 meeting where the rate setting panel headed by him continued with a status quo on rates, they said.
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Fri, Dec 06, 2024
Credit line on UPI has the potential to make available low-ticket, low-tenor products to ‘new-to-credit’ customers. SFBs leverage a high-tech, low-cost model to reach the last-mile customer and can play an enabling role in expanding the reach of credit on UPI.
RBI MPC December Review HIGHLIGHTS: RBI Governor Shaktikanta Das announced a status quo on the repo rate on Friday, December 6, as he presented the key decisions taken by the Monetary Policy Committee in its three-day, bi-monthly meeting. This is the last scheduled bi-monthly policy review of the calendar year.
Sun, Feb 06, 2022
Coming to the markets in the week ahead, the event of the week would be the filing of DRHP of LIC prospectus in the coming week.
Wed, Dec 08, 2021
Besides, the Governor also listed out multiple developmental and regulatory policies, mainly applicable to financial markets along with payment and settlement systems.
The MPC also decided to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy.
Fri, Oct 22, 2021
India`s monetary policy committee sees the need for continued policy accommodation as the economic recovery remains fragile, with the rise of inflation less steep than expected, minutes of the October meeting showed.
Fri, Oct 08, 2021
In an exclusive conversation with Zee Business Managing Editor Anil Singhvi, State Bank of India’s International Banking Managing Director Ashwini Tiwari says it is the perfect time to avail any kind of loan as the interest rates on all loans are at the lowest levels.
The Indian markets on Friday cheered trading near the day’s high level, minutes after the Reserve Bank of India’s Monetary Policy Committee decision were out. RBI Governor Shaktikanta Das in his commentary made a slew of positive announcements for the earliest economic recovery.
This was the fourth bi-monthly MPC meeting of FY22, and it was the eighth time in a row when RBI kept the repo rate unchanged.
In view of the importance of the IMPS system in processing of domestic payment transactions, it is proposed to increase the per-transaction limit from Rs 2 lakh to Rs 5 lakh for channels other than SMS and IVRS, RBI said in a statement.
The markets reacted positively minutes after the Reserve Bank of India’s policy decision, as the Sensex reclaimed 60000-mount, while Nifty inched near 18000-mark in the early morning trade on Friday.
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