RBI keeps repo rate unchanged at 4%, pegs FY22 GDP growth at 10.5%
The CRR is the percentage of the total deposit that banks have to mandatorily park with the apex bank
There are dedicated ombudsman schemes devoted to consumer grievance redressal in banking, non-bank finance companies and digital transactions, respectively, at present
The capital conservation buffer ensures that banks have an additional layer of usable capital that can be drawn down when losses are incurred
Das said the economy was rebounding faster than expected from a coronavirus-induced slump earlier in the year but warned signs of recovery were far from being broad based
The curious message we get form the statement is that inflation is no longer the only target and we are back to the old days when both growth and inflation were targets for monetary policy
The RBI MPC voted unanimously to keep the key policy rate unchanged
The six-member Monetary Policy Committee is forecast to hold the benchmark repurchase rate at 4% Friday
The Reserve Bank of India releases minutes of the October 7-9 meeting of its monetary policy committee.
Mood of the nation has shifted to confidence & hope, says RBI Governor Shaktikanta Das
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The three new members represent a diversity of experience and have engaged with policy making through their careers
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The RBI said it will hold the MPC meeting from Oct 7 to Oct 9, having delayed it by a week in order to give the government time to appoint three new external members to the panel
The Reserve Bank of India's decision to reschedule this week's interest-rate meeting makes it difficult for lenders to price loans and deposits
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The RBI's monetary policy review on October 1 and auto sales numbers would be among the key events for investors
The yield on the new 5.77% 2030 bond rose five basis points to 6%, after gaining 18 basis points in the previous two weeks
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The MPC is mandated to keep inflation in a range of between 2% and 6% and recent data showed the retail inflation rate in January climbing to a more than six-year high of 7.59%