Tue, Nov 26, 2024
Reserve Bank of India Governor Shaktikanta Das was admitted to Chennai's Apollo Hospital on Monday night.
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Thu, Nov 21, 2024
RBI Governor Shaktikanta Das reassures that the Indian economy is navigating smoothly despite global challenges. In this video, we discuss his comments on the current economic situation, the measures taken by the Reserve Bank of India, and how India is managing external pressures.
Wed, Nov 20, 2024
Reserve Bank of India Governor Shaktikanta Das is set to deliver a keynote address at a high-level gathering in Mumbai on Thursday. His speech will be webcast live on the central bank's verified channel on video-sharing website YouTube. Catch all the details here.
Thu, Jun 06, 2019
NBFCs have hailed the RBI's Repo Rate cut decision and expect that it would help the government to address the liquidity crisis.
RBI's rate cut won't be enough to handle the liquidity issue until retail banks pass on the benefit to its customers, says market expert Ajay Bagga.
In fact, rupee reversed its Thursday's early opening trend, and strengthened against dollar benchmark commendably.
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.
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