RBI Governor says recent forex curbs are temporary and aligned with market conditions, as bond yields fall sharply and rupee strengthens on easing tensions
Forex reserves rose to $697.1 billion as of April 3, per the latest data, from $688.06 billion in the previous week
The Reserve Bank did not come across any governance or conduct-related issues during supervisory inspection of HDFC Bank, Governor Sanjay Malhotra said on Wednesday. Responding to a question at the post-monetary policy press conference on sudden resignation of HDFC Bank Chairman Atanu Chakraborty and subsequent fall in its share price, Malhotra said RBI had also seen minutes of meetings of the lender, and the RBI did not find any thing of material concern. He said the RBI in its press release on March 19 too had said there were no material concerns on record as regards the bank's conduct or governance. "HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, professionally run board and competent management team. Basis our periodical assessment, there are no material concerns on record as regards its conduct or governance," the RBI said in its press release. Chakraborty had resigned on March 18. Malhotra also asserted that India's banking system is "very
In a post-monetary policy briefing, Malhotra said the central bank had observed heightened volatility in the foreign exchange market in recent weeks
Elevated crude oil prices could raise imported inflation and widen the current account deficit, he says
RBI flags rising risks from the West Asia conflict through energy prices and supply disruptions, but says India's economy is stronger and better placed to withstand shocks than before
RBI MPC meet: In the February policy review, the MPC kept the repo rate unchanged at 5.25 per cent and continued with the 'neutral' stance
The going was good until war in West Asia started. The inflation rate was low with growth staying robust
RBI Governor Sanjay Malhotra calls for collaborative efforts to boost public confidence in digital payments as the central bank launches a rural awareness pilot
Das highlighted that India is now witnessing a rapid transformation fuelled by the so-called 'triple threat' of progress: innovation, disruption and the birth of entirely new business models
RBI Gov says issue not systemic; bank term it an isolated incident
FY27 Q1-Q2 inflation forecast may be raised 20-30 bps, says MPC member Saugata Bhattacharya
Earlier on Monday, Sebi chairman Pandey said the stock market regulator has received a representation from the industry on the issue
In rules released earlier this month, the Reserve Bank of India raised the collateral requirements for bank guarantees to brokers and barred lending for proprietary trading by them
Reserve Bank Governor Sanjay Malhotra voted for the status quo in the key interest rate earlier this month, saying the current policy rate was appropriate, given the buoyant economic growth and benign inflation, according to the MPC meeting minutes released on Friday. The Reserve Bank kept the short-term lending rate (repo) unchanged at 5.25 per cent after the Monetary Policy Committee (MPC) meeting held from February 4 to 6. The governor and the other five members of the MPC had voted to keep the repo rate unchanged. According to the minutes, Malhotra argued that India's macroeconomic fundamentals, over the medium-term, including the external sector, remain healthy and robust. "Given the present state of the economy and its outlook -- buoyant growth and benign inflation -- I feel the current policy rate is appropriate. Accordingly, I vote for continuation of the policy repo rate at 5.25 per cent and retain the neutral stance," he said. Deputy Governor Poonam Gupta said that, ...
The value and volume of banknotes in circulation increased by 6.0 per cent and 5.6 per cent, respectively, during 2024-25
RBI Governor Sanjay Malhotra says India's macro fundamentals and external sector remain robust as borrowing, liquidity and rate outlook stay comfortable
The RBI MPC, led by governor Sanjay Malhotra, on Friday, announced to keep the repo rate unchanged at 5.25 per cent
The POC stressed that excluding precious metals, underlying inflation pressures were muted and that barring volatility on account of gold and silver, core inflation was expected to remain range-bound
The Monetary Policy Committee decided to keep the repo rate unchanged at 5.25 per cent in its February meeting