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Recapitalise before rate cut

Also, the operating style of PSBs needs to be changed; else, there are dangers of a banking crisis

Devangshu Datta 

Devangshu Datta The Reserve Bank of India (RBI) surprised by maintaining status quo on policy rates. Inflation is down. Inflation expectations are down. Growth expectations are down. Banks are flush with funds, since cash withdrawal limits remain.    RBI targets consumer price index (CPI)-based  inflation in the zone of five per cent in Q4, 2016-17. The medium-term target is four per cent plus/minus two per cent.   The latest CPI numbers of December 2016 saw CPI up year-on-year (y-o-y) by 3.6 per cent over December 2015. That’s comfortably below target and the lowest reading ...

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Recapitalise before rate cut

Also, the operating style of PSBs needs to be changed; else, there are dangers of a banking crisis

Also, the operating style of PSBs needs to be changed; else, there are dangers of a banking crisis The Reserve Bank of India (RBI) surprised by maintaining status quo on policy rates. Inflation is down. Inflation expectations are down. Growth expectations are down. Banks are flush with funds, since cash withdrawal limits remain.    RBI targets consumer price index (CPI)-based  inflation in the zone of five per cent in Q4, 2016-17. The medium-term target is four per cent plus/minus two per cent.   The latest CPI numbers of December 2016 saw CPI up year-on-year (y-o-y) by 3.6 per cent over December 2015. That’s comfortably below target and the lowest reading ... image
Business Standard
177 22

Recapitalise before rate cut

Also, the operating style of PSBs needs to be changed; else, there are dangers of a banking crisis

The Reserve Bank of India (RBI) surprised by maintaining status quo on policy rates. Inflation is down. Inflation expectations are down. Growth expectations are down. Banks are flush with funds, since cash withdrawal limits remain.    RBI targets consumer price index (CPI)-based  inflation in the zone of five per cent in Q4, 2016-17. The medium-term target is four per cent plus/minus two per cent.   The latest CPI numbers of December 2016 saw CPI up year-on-year (y-o-y) by 3.6 per cent over December 2015. That’s comfortably below target and the lowest reading ...

image
Business Standard
177 22