AFA is the use of more than one factor for authenticating a payment instruction and was previously mandated only for domestic transactions
This will be the first MPC meeting since Governor Malhotra took office in December 2024, following the end of Shaktikanta Das's tenure
Our editorials and columns look at the consequences of policy actions, and how they can have far-reaching impacts
Global uncertainty demands caution on monetary policy
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
Malhotra took charge as the 26th RBI governor in December last year
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
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
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, a 1990 batch IAS officer from the Rajasthan cadre, will take over from Shaktikanta Das, whose term comes to an end on December 10
In all, the policy has travelled considerable space in addressing the emerging issues in financial services
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
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
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
Since 2022, central banks across the world started raising policy rate aggressively in a synchronized fashion to counter an inflation surge
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
Regulator closely monitoring situation and will not hesitate to take appropriate action, he says
Uncertainty remains elevated on a number of fronts, not least on the path for food inflation and external tensions
RBI Monetary Policy Meeting October 2024 highlights: Catch all the latest news updates on RBI's monetary policy announcements here
The RBI will announce the review of the policy on October 9