rbi, reserve bank of india

India Inc will have to pencil in Mint Road's stress on the governance premium in bank lending

Will banks become risk-averse in the quest to seek a governance premium?

Business Standard

The Reserve Bank of India's decision to keep policy rates unchanged was on expected lines, banking and financial experts said on Thursday.
The Monetary Policy Committee (MPC), which has three members from RBI and an equal number of external experts, voted unanimously to keep the benchmark repurchase, or repo rate unchanged at 6.50 per cent.
Punjab National Bank MD & CEO Atul Kr Goel said that keeping policy rates unchanged was "in line with the market expectations" in view of easing retail inflation and anticipation of a further decline.
He also said that maintaining the growth projection of GDP for the current financial year at 6.5 per cent reflects that RBI remains sanguine about economic growth.
Bandhan Bank Chief Economist and Head of Research said the status quo on the repo rate in the MPC meeting was "almost a foregone conclusion".
"Interestingly, despite lowering the consumer price index inflation forecast for the first quarter of the current fiscal by 50 basis points, the 

The Reserve Bank of India's decision to keep policy rates unchanged was on expected lines, banking and financial experts said on Thursday.

RBI's decision to keep repo rate unchanged on expected lines: Experts

Press Trust of India

Photo: Bloomberg

The status quo adopted by the Reserve Bank in its second bi-monthly monetary policy of the current fiscal will pave way for reversal of rate hike cycle in due course, expects India Inc.
The RBI, in its bi-monthly monetary policy review, opted for a pause second time in a row, maintaining key benchmark policy rate at 6.5 per cent as inflation moderates.
The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022.
This pause will help growth to become strong with the support of enhanced consumption demand in the economy, said Saket Dalmia, President, PHD Chamber of Commerce and Industry.
President of industry body Ficci Subhrakant Panda said a status quo in policy rates was largely expected and, by keeping the repo rate unchanged and maintaining the stance of withdrawal of accommodation, RBI is keeping a watchful eye on inflation while supporting growth.
"Ficci expects the impact of monetary policy interventions till da

The status quo adopted by the Reserve Bank in its second bi-monthly monetary policy of the current fiscal will pave way for reversal of rate hike cycle in due course, expects India Inc.

Industry wants reversal of rate hike cycle as RBI pasuses for second time

Shaktikanta Das

After unanimously pausing for the second time in a row, the Reserve Bank on Thursday reiterated that leaving the key rates and the stance unchanged is not a pivot but only a pause and that future policy actions will purely be data-dependent as a durable fall in inflation is still a long way.
Earlier in the day, the RBI governor-led rate-setting panel MPC unanimously left the repo rate unchanged at 6.50 per cent and maintained that they will continue to work towards withdrawing policy accommodation.
The six-member panel also reiterated continuing measures to bring inflation under the target in a durable manner.
While consumer price index -based inflation eased in March and April and moved into the tolerance band, headline inflation is still above the mandated target of 4 per cent and is expected to remain so during the rest of the current fiscal, said Governor Shaktikanta Das announcing the monetary policy.
"Therefore, close and continued vigil on the evolving inflation outlook is .

After unanimously pausing for the second time in a row, the Reserve Bank on Thursday reiterated that leaving the key rates and the stance unchanged is not a pivot but only a pause and that future policy actions will purely be data-dependent as a durable fall in inflation is still a long way.

We are only pausing on rates, too early to call on inflation fight: Das

Manushi Chhillar, Miss World 2017, beauty paegent

India is set to host the Miss World 2023 competition, as the coveted international beauty pageant makes its return to the country after nearly three decades.
The much anticipated 71st edition of Miss World is expected to take place in November this year, the final dates of which are yet to be ascertained.
India had last hosted the international pageant in 1996.
"I am delighted to announce India as the new home of the 71st Miss World Final... We cannot wait to share your unique and diverse culture, world class attractions and breathtaking locations with the rest of the world.
"The 71st Miss World 2023 will showcase the Achievements of 130 National champions in their one-month journey across 'Incredible India' as we present the 71st and most spectacular Miss World final ever," said Julia Morley, chairperson and CEO of Miss World organization at a press conference on Thursday.
The month-long event, which would witness contestants from over 130 countries, will feature a series of rigo

India is set to host the Miss World 2023 competition, as the coveted international beauty pageant makes its return to the country after nearly three decades.

Miss World 2023 beauty pageant set to return to India after 27 years

India's housing market will continue to witness higher sales velocity with the RBI keeping key interest rate unchanged, real estate industry experts said while hoping for a repo rate cut in the next round of monetary policy to boost growth.
The Reserve Bank of India (RBI) on Thursday decided to keep the repo rate unchanged at 6.5 per cent.
Commenting on the development, realtors' body CREDAI National President Boman Irani said, "... We expect both housing supply and demand to sustain its ongoing momentum."
"However, given that the inflation is at an 18-month low, there is scope for the RBI to reduce repo rates in the upcoming MPC meetings, to stimulate growth across all industries," Irani added.
Real estate industry body Naredco's President Rajan Bandelkar hailed the RBI move, saying it will help the housing sector that has been performing well from the past two years. Nonetheless, he said, adding the sector needs announcements that could further fuel the growth.
With the festive 

India's housing market will continue to witness higher sales velocity with the RBI keeping key interest rate unchanged, real estate industry experts said while hoping for a repo rate cut in the next round of monetary policy to boost growth.

Realtors hopeful of sustaining strong sales with RBI keeping rate unchanged

Tata Motors Finance and PASCO Motors LLP Partner to Introduce Industry-First Digital Credit Facility for Commercial Vehicle Servicing and Maintenance

Gurugram (Haryana) [India], June 8: Tata Motors Finance, one of India's leading NBFC pioneering in the vehicle finance industry, and PASCO Motors LLP, a leading authorized dealer of Tata Motors in North India, today announced an Industry-first strategic partnership to offer a seamless digital credit line for an array of maintenance and servicing needs of Commercial Vehicles.

ANI Press Release

Stampede Capital Ltd (SCAP DVR) receives in-principle approval to explore merger, acquisition for restructuring the business of WEXL Edu Private Limited

Mumbai (Maharashtra) [India], June 8: Stampede Capital Ltd (SCAP DVR) - Financial Consultancy firm has received in-principal approval to explore appropriate options including merger, acquisition, or other suitable options of arrangement for restructuring the business of WEXL Edu Private Limited in order to align with the long-term strategic objectives of the Company. Company had appointed PwC Business Consulting Services LLP in connection with the determination of equity value of WeXL Education Private Limited.

Hyundai Mobis launches #Pledgeforanticounterfeit, a Big Push to Fight Against Counterfeit on Anti-Counterfeit Day on June 8, 2023

Gurugram (Haryana) [India], June 8: Mobis India, a well-established entity in manufacturing high quality automotive parts, accessories and mobility solutions for Hyundai Motors in India has launched a weeklong campaign - #Pledgeforanticounterfeit on Anti-Counterfeit Day on June 8, 2023, to promote the use of genuine parts. This initiative is an alarming call for car owners, users, manufacturers, and stakeholders to avoid the use of nongenuine parts, which pose a huge threat to customer safety.

Cyril Amarchand Mangaldas advises on formation transactions of Cube Highways Trust and its initial offer

Mumbai (Maharashtra)/ New Delhi [India], June 8: Cyril Amarchand Mangaldas advised in relation to the initial offer and listing of ordinary units, of the Cube Highways Trust (Cube Trust, acting through its Investment Manager, Cube Highways Fund Advisors Private Limited), a privately placed infrastructure investment trust (InvIT), aggregating to INR 52,258.27 million. The Firm also advised on the formation transactions of the Cube Trust, being, the transfer of 18 special purpose vehicles to the Cube Trust. Pursuant to such formation transactions, the Cube Trust issued Ordinary Units and Subordinate Units to its Sponsors, Cube Highways and Infrastructure Pte. Ltd. ("CH-I") and Cube Highways and Infrastructure III Pte. Ltd. ("CH-III").

Displaying categorized search results for, share-holding-pattern Advance Search

Displaying categorized search results for, share-holding-pattern