There was continuity in other parameters such as the stance on neutral systemic liquidity
The RBI Governor clarified that liquidity will continue to be adequate
During the last three years, RBI, while keeping a hawk's eye on inflation, had eased lending rates and liquidity norms progressively, but cautiously
I would call it a 'festival bonanza' to boost the morale of the financial market
Chief executives also demanded banks pass on the benefits of the reduction in rates, which are at a six-year low
A cut in home loan rates will surely help buyers firm up their decision to buy a house this festival season and give a fillip to sales
This comes on the heels of reports suggesting that the ATM card details of several account-holders may have been compromised
Interview with RBI Governor
This would push BSE 500 companies' combined net profit by around two per cent over the next four quarters
Its one-year MCLR now stands at 9.05%
Owing to the large amount of NPA in the corporate sector banks are wary of lending to certain sectors
Encouraged by the rate cut, the rate sensitive sectors such as real estate and automobiles are now expecting a bumper festival sales season
The apex bank has been increasingly focusing on tackling cyber crime at a time, when digital transactions have been on a rise
Urjit Patel told this following the announcement of RBI's first bi-monthly monetary policy review
Outlook for agricultural activity has brightened considerably, says the policy document
Urjit Patel in his maiden monetary policy review has announced the decision to cut the policy repo rate by 25 basis points from 6.5% to 6.25%
All 6 members voted in favour of monetary policy decision. Next meeting of MPC scheduled on December 6-7
The repo policy rate is now at its lowest since November 2010
In his first RBI monetary policy, Governor Urjit Patel cut rate by 25 bps to 6.25%