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Sebi-registered non-bank brokers can directly access NDS-OM, says RBI

The RBI on Friday said non-bank brokers registered with market-regulator Sebi can directly access NDS-OM, an electronic trading platform for secondary market transactions in government securities, on behalf of their clients. Access to Negotiated Dealing System Order Matching (NDS-OM), at present is available to regulated entities and to the clients of banks and standalone primary dealers. "With a view to widening access, it has been decided that non-bank brokers registered with SEBI can directly access NDS-OM, on behalf of their clients," the Reserve Bank of India (RBI) said. Sebi registered brokers may access NDS-OM subject to the regulations and conditions laid down by the Reserve Bank in this regard. Meanwhile, the RBI announced the setting up of a nine-member working group on 'Comprehensive review of trading and settlement timings of markets regulated by the Reserve Bank'. The panel, headed by RBI Executive Director Radha Shyam Ratho, will undertake a comprehensive review of

Repo rate cut sends 'strong' signal to markets on low borrowing costs ahead

Given the current economic landscape, moderating inflation, and sluggish growth, another 25-50 bps rate cut within this calendar year remains a strong possibility

RBI will implement major regulations in phased manner, says Governor

Consultative process in making regulations will continue: Sanjay Malhotra

RBI's rate cut to have limited impact, more needed to boost housing: Credai

Realtors' apex body CREDAI on Friday said the RBI's decision to cut benchmark lending rate by 25 basis points might have "limited direct impact" and sought further reduction in the next monetary policy meet for "stronger impetus" to housing demand. Reduction in repo rate may lead to lowering of interest rates on home loans provided banks decide to pass on the benefits. Commenting on the monetary policy announcement, CREDAI National President Boman Irani said, "The RBI's decision to reduce repo rate by 25 basis points to 6.25 per cent supplements recent announcements in the Budget aimed at boosting spending and spur economic growth." This supportive monetary policy was "imperative", especially after the recent 50 basis points reduction in Cash Reserve Ratio (CRR), which has already injected significant liquidity into the banking system, he added. "While the current cut may have a limited direct impact, we anticipate that a further rate cut in the next MPC meeting will provide strong

RBI proposes security step for international card not present transactions

AFA is the use of more than one factor for authenticating a payment instruction and was previously mandated only for domestic transactions

RBI MPC 2025 time, dates: When and where to watch Guv Sanjay Malhotra live

This will be the first MPC meeting since Governor Malhotra took office in December 2024, following the end of Shaktikanta Das's tenure

Best of BS Opinion: How policy moves can trigger a cascading effect

Our editorials and columns look at the consequences of policy actions, and how they can have far-reaching impacts

MPC should wait and watch as global risks complicate rate decisions

Global uncertainty demands caution on monetary policy

Stock Market Close Highlights: Sensex sheds 313pts, Nifty ends at 23,696; Smallcap shares outperform

Stock Market Highlights on February 5, 2025: Broader markets outperformed the benchmarks, with small-cap shares leading the charge, as the Nifty Smallcap100 index ended higher by 1.85 per cent

All eyes on RBI Governor Sanjay Malhotra as MPC meeting begins on Wednesday

Malhotra took charge as the 26th RBI governor in December last year

RBI seen cutting rates for first time since May 2020, suggests poll

Over 70 per cent of respondents, 45 of 62, in a Jan. 22-30 Reuters poll forecast the RBI would cut its key repo rate by 25 basis points to 6.25 per cet at the conclusion of its Feb. 5-7 meeting

RBI likely to cut repo rate by 25 basis points: Business Standard poll

The domestic rate-setting panel has kept the policy repo rate unchanged for the last 11 consecutive meetings after raising it by 250 bps between May 2022 and February 2023

Economists expect 25-basis point rate cut by RBI MPC in February meeting

Nomura economists have suggested that they expect a 25 bps rate cut in February, marking a belated policy pivot, and 100 bps in total cuts in this easing cycle

Sanjay Malhotra to be next RBI governor, to succeed Shaktikanta Das

Sanjay Malhotra, a 1990 batch IAS officer from the Rajasthan cadre, will take over from Shaktikanta Das, whose term comes to an end on December 10

RBI keeps repo rate unchanged: A policy addressing market microstructure

In all, the policy has travelled considerable space in addressing the emerging issues in financial services

Rupee touches new low, bond yields soften as MPC meeting gets underway

The rupee depreciated to a new closing low of 84.74 per dollar on Wednesday due to a rise in the dollar index and strong demand for the greenback among importers, said dealers

Speculation over RBI Guv Shaktikanta Das' extension grows after GDP miss

Das himself has largely refrained from discussing his own future, telling Bloomberg a few months ago that he's focused on his work at the RBI

RBI monetary policy: 'Prioritise liquidity support over rate action'

With the shockingly low Q2 GDP growth of 5.4 per cent year-on-year (Y-o-Y) last week, growth during the first half of 2024-25 stands at 6 per cent

250-bp rate hike lowered demand, inflation by 160 bps: RBI Bulletin

Since 2022, central banks across the world started raising policy rate aggressively in a synchronized fashion to counter an inflation surge

PSBs share in incremental credit dips to 51% in September: Report

PSBs' credit growth on a year-on-year (Y-o-Y) basis stood at 12.9 per cent in September, lagging behind 16.4 per cent Y-o-Y of private lenders