Madan Sabnavis

RBI policy: Prelude to future rate cuts? Inflation numbers hold the key

The policy remains open-ended on the future possibility of rate cut, which sounds reasonable given that the future course of inflation is hard to gauge

Well-focused Budget 2024 with special development thrust: Madan Sabnavis

Union Budget 2024-25 news: There has been some comfort provided to individuals who opt for the new income tax scheme as there is some rationalisation across the slabs

Economic Survey 2023-24: A curtain raiser for policies to come

There are five issues that have been brought up in the Survey which requires discussion

Lok Sabha 2024 poll results: What could be policy roadmap of the new govt?

Given the strong platform already constructed by the present government, it would require more fine tuning measures to take the economy ahead

The 'stable' run for the rupee to continue

Reserve Bank of India will have to continue to monitor the movements and be nimble to spot volatility in both directions and intervene selectively to reduce excess noise

Consumption survey: No definitive trend yet

The monthly per capita expenditure data points to shifts in consumption, but it should not be used for reconfiguring the Consumer Price Index

Budget 2023 delivers on all counts; pushes hard on capex, growth

Budget 2023 has more or less maintained the ratio of size of the budget to GDP to around 15 per cent.

Eco Survey is assuring; believes we have completely regained lost ground

The Economic Survey 2023-24 is assuring and it affirms that we have completely regained lost ground, says Madan Sabnavis

Privatisation and debt are on the radar of bankers

Banks were challenged in 2022 by the sluggish growth in deposits, which have not kept pace with credit. One reason is that deposits, unlike debt mutual funds, do not offer any tax breaks

After US Fed's hike, RBI action in the next two days to decide rupee's fate

The rupee has been one of the best performing currencies and the RBI will be setting the goal post by its actions

Rupee crossing 80 to the dollar is nothing to be startled about

While the impact on other currencies has been sharp with most of them depreciating, the rupee has done well, being somewhere in the middle

RBI's innovative approach to control the fall in rupee is commendable

The efficacy of the central bank's steps will be seen in the coming days

RBI monetary policy review: Direction for repo rate is clearly northwards

The MPC pitched for a high number of 50 bps, which is significant because if combined with the inflation forecast, it indicates that more hikes are coming

Policy normalisation is back with RBI making surprise rate hike

The rate hike was expected in June, but clearly the central bank sees inflation path as being quite ominous to trigger such an action.

RBI monetary policy review: Clear sign that happy days are over

The monetary policy committee (MPC) has sprung some surprises even though the repo rate has been kept unchanged.

FY22 GDP estimates: Some surprises in the internals

The share of consumption and government expenditure has come down in FY22, which is reflective of the economy not yet being fully back on track

Extension given to the RBI governor is good for the markets

While it is true that institutions are more important than the person, ideology and approach of Governors of central banks are important

RBI has just about started a gradual liquidity reversal process

There will not be any shock to the market, with the calendar being drawn out.

NARCL: Another brick in the wall; not too different from other ARCs

Having several routes for NPA resolution has both advantages and disadvantages as the decision will finally be taken by the banks

Q1 GDP more of a statistic rather than a reflection of the state of economy

These growth numbers will moderate going ahead, as the base effect becomes weaker provided there are no further lockdowns