All the previous repo rate cuts by the RBI have failed
For financial sector companies setting up shop in India, as of now the go-to regulators are obviously the Sebi and the Reserve Bank of India
In an interview with Tamal Bandyopadhyay, Acharya says why some weak public sector banks should be "re-privatised" and foreign banks should be allowed a larger play
Amid declining interest income and lower net profit sequentially, analysts see India's largest public sector bank's business growth to be modest in the recently concluded quarter
A more caring India would provide for Universal Basic Income
RBI should guard against risks to financial stability
Besides the impact of Covid-19, sluggish loan growth due to merger integration, moratorium and delay in the resolution of NCLT accounts are some of the factors that are likely to dent earnings
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Private lender posted profit before tax of Rs 127.54 crore in the quarter ended June 2020 (Q1Fy21)
Says some able borrowers are using it to deliberately delay payments
The relationship between monetary policy and inflation is not reliable in a crisis, creating a classical problem for the central bank
Version II of ad hoc treasury bills needed, and time for this solution to work is between now and October
RBI governor favours a domestic free trade in agriculture, says policies undertaken by govt should be able to encourage private investment in supply chain infra
Economic Affairs Secretary Tarun Bajaj says he is certain that a V-shaped economic recovery will take a year.
Structural problems in banking system would affect recovery
Some of India's top-rated firms do not always make payments on time and many state-owned, listed entities that borrow in bond markets default regularly
The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4
RBI Board member Satish Marathe said public sector banks need an overhaul of their systems, processes and staff attitudes to be relevant and effective in the future
The currency swap arrangement will remain available till November 2022, the Indian mission said in a press release
Although the Modi government does all the right things on economic policy, it does so in such a low-key manner that it does nothing to change the mood in the country