You are here: Home » Finance » RBI Policy » News

State Bank of India shares jump 11% as Street lauds Q3 performance

Business Standard

MPC in 2 minutes: Here're the key development and regulatory steps

The six-member MPC kept interest rates on hold, but said it will keep its stance accommodative to support the government's huge borrowing programme

Topics
monetary policy committee | RBI monetary policy | MPC

Business Standard  |  New Delhi 


Key decisions The MPC unanimously decided to keep the repo rates unchanged at 4% and an accommodative stance Reverse repo rate under LAF unchanged at 3.35%, while the MSF and bank rate remained at 4.25% CPI inflation has been projected at 5.2% for 2020-21; 5.2% for H1FY22, and 4.3% for Q3FY22; the real GDP has been projected to grow at 10.5 per cent in FY22 Development & regulatory steps NBFCs can now access funds from banks under the on-tap TLTRO scheme for incremental lending to stressed sectors Decided to restore the CRR in ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 06 2021. 01:06 IST

.