Central bank will have to write to government explaining the reasons of its failure to contain inflation up to 6%
Banks now make loan loss provisions on incurred loss model, wherein provisions are made after defaults
On Friday, RBI increased the repo rate by 50 basis points taking the key repo rate to 5.9%; here is why it should matter to you
RBI Policy: Shaktikanta Das announced the RBI MPC's decision to hike the repo rate by 50 basis points to 5.9% and slash the GDP forecast for FY23 to 7% from 7.2% earlier
CPI inflation for the current financial year is seen at 6.7%, with the price gauge seen at 7.1% in July-September
RBI Monetary Policy Live update: This would be the fourth hike in the policy repo rate by the Reserve Bank of India, which is currently at 5.4%
Since the beginning of 2022, India's reserves have fallen 13.88 per cent from $633.6 billion to $545.6 billion
With the RBI MPC expected to announce its decision on Friday, we explain how inflation, repo rate and demand are linked to each other
The Reserve Bank of India's six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to 24 of 35 economists surveyed by Bloomberg as of Wednesday.
Costlier EMIs and the limited ability of banks to transmit the rate hikes to customers may lead to the real estate sector becoming among the worst impacted sectors
If RBI increases the repo rate, the cost of borrowing by banks also rises, which subsequently makes taking loans from banks costlier
RBI Governor Shaktikanta Das' traffic light imagery for the fintech industry has several implications
This hike is par for the course - not to fight inflation alone but also to stem currency depreciation
After reporting a loss of Rs 4,588 crore in 2021 fiscal, Byju Raveendran, the founder and CEO of the world's most valuable edtech firm Byju's, has told employees
'Unbridled mushrooming of digital lending apps is a material concern'
Addressing the third edition of the global fintech summit this evening, he said intention of the central bank is not to penalize or stifle anyone but to ensure that everyone follows traffic rules
While economists and the Reserve Bank of India aren't ringing any alarm bells just yet, investors are watching closely given the rupee's slump to an all-time low last month
Council held meeting in Mumbai on Thursday, chaired by Union Finance Minister Sitharaman
He expects inflation to fall within tolerance band by January-March
Referring to the RBI's foreign exchange reserves as the "solid backbone" of the economy, Das said they provided the firepower to maintain stability in the rupee despite global headwinds