November inflation print may have finally peaked, says Barclays India in report
However, price of pulses, spices and cooking oil are likely to be higher at the margin. Overall, Barclays expects food inflation to decline moderately to 9.2% from 10.2% in October.
Brightening India’s growth outlook: Urban consumption gaining momentum
Mint Road would persevere with its paramount objective of reviving the...
Rupee settles 13 paise higher at 73.80 against US dollar
It finally closed at 73.80 a dollar, registering a rise of 13 paise. On Thursday, th...
Not a tangled web we must weave, RBI tells banks & their proxies
Customer protection and complaints resolution become key policy action items for the central bank as frequent service outages at top lenders underscore the infrastructure gaps in India's digital banking landscape.
RBI projects 6.8 per cent retail inflation in December quarter
RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) is of the view that inflation is likely to remain elevated, barring transient relief in the winter months from prices of perishables.
RBI may keep policy rates unchanged
Bankers will watch out for any guidance on how the RBI plans to manage the record excess liquidity in the financial system, which has distorted market conditions and led to a drop in short-term rates.
Economic recovery stronger than expected, need to be watchful of demand sustainability: RBI Governor Das
"After witnessing a sharp contraction in the economy by 23.9 per cent in Q1 and a multi-speed normalisation of activity in Q2, the Indian economy has exhibited stronger than expected pick-up in momentum of recovery," Das said.
MPC members bat for lowering of long-term rates to boost growth
Governor Shaktikanta Das went a step ahead to convince the bond markets that the central bank is determined to see the transmission of its lower policy rates and that it would persist with these interest rates till it is convinced that the growth is not just a rebound, but a durable recovery.
SBI Cards shines finally, grows to half of SBI m-cap: Which one should you buy?
On the day of listing, the market value of the card company stood at Rs 64,150 crore, 32 per cent of its parent’s market worth. Since then, SBI shares have retreated 14 per cent to trade around Rs 190 on October 15.
Bond market rally to continue after RBI policy: Devang Shah
While RBI MPC maintained status quo on rates as expected, the central bank clearly beat broader expectations with a slew of measures to boos...
RBI broadens co-origination model for priority sector lending, all NBFCs can collaborate with banks
In 2018, the RBI had put in place a framework on co-origination of loans by banks and only a certain category of Non-Banking Financial Companies (NBFCs) were allowed to partner with banks for lending to the priority sector subject to certain conditions.
RBI MPC policy review: Governor's address at 10 am tomorrow
The recently-constituted MPC began its three-day deliberations on Wednesday, and expectations are running high that the central bank will maintain status quo on the benchmark lending rate.
View: Shaktikanta Das's last 14-months at RBI will be the final, testing miles of a marathon
Das is not a trained economist. He heads an overpowering institution in an overwhelming environment. He is inundated with conflicting views. While he can never entirely cut himself off from these, he can hardly ignore the reality: purchasing power is down, companies are deleveraging, some may never recover, and more jobs may vanish.
Risk-aversion will be self-defeating for banks: RBI Governor Shaktikanta Das
Das said there is a scope for banks to improve their ability to avert frauds from happening and added that their risk frameworks should be able to “smell vulnerabilities”
Inflation likely to be elevated in second quarter: RBI Governor Shaktikanta Das
The RBI's monetary policy committee today unanimously decided to leave the policy repo rate unchanged at 4% and the reverse repo rate at 3.35% against a backdrop of rising inflationary pressure and a grim economic outlook.