Page 6 - Rbi Governor

RBI Guv Sanjay Malhotra raises rate cut hopes with growth-focused policy

Since taking office in December, Sanjay Malhotra has reduced interest rates for the first time in five years, injected nearly $60 billion into the banking system

Regulations must not create unintended barriers to financial inclusion: Guv

Only a matter of time when cross-border payments will become much easier and cost-effective, says RBI Governor Sanjay Malhotra

UCBs must be mindful of responsibilities: RBI Governor Sanjay Malhotra

He said that the UCBs must maintain high standards of customer service to build and retain trust

The rise and rise of customer complaints: Which states rank the highest?

According to the RBI data, during 2023-24, the Centralised Receipt and Processing Centre and Offices of Reserve Bank of India Ombudsman (ORBIOs) received 934,000 complaints

Perform or perish: RBI Guv Sanjay Malhotra to banks on customer service

"In this age of competition, we will not survive long if we do not provide quality service to our consumers," Malhotra said in a speech on Monday at the annual conference of the RBI Ombudsmen

RBI-Fintech meet: Malhotra emphasises on need for ensuring compliance

He also emphasised that the RBI values such interactions with ecosystem participants and would continue to adopt a consultative approach

RBI adopting more accommodative stance under Sanjay Malhotra: Analysts

This is reflected in the measures taken by the central bank in the past few months to spur economic growth and ease liquidity tightness

MPC minutes: Repo rate was cut as inflation aligning with target, says Guv

Members said it was MPC's turn to do its bit after Budget booster

Code of conduct must for freebies: Ex-RBI governor Duvvuri Subbarao

He said that although some people live at subsistence levels and the government must provide certain safeguards, there should be a limit on such provisions

RBI will allow ample time for implementing changes regarding ECL, LCR: Guv

RBI Governor Sanjay Malhotra says market determines rupee depreciation, touches on necessary regulations surrounding cryptocurrency

Market forces decide value of rupee, RBI not worried, says Guv Malhotra

Reserve Bank Governor Sanjay Malhotra on Saturday said that the market forces decide the value of rupee with respect to the US dollar and the central bank is not worried about day-to-day movement of the currency value. Addressing the media after the meeting of Finance Minister Nirmala Sitharaman with the Reserve Bank board, Malhotra said that the central bank focuses on the value of the rupee in the medium to long term. On the impact of the depreciation of the rupee against the US dollar on price rise, the Governor said 5 per cent depreciation impacts domestic inflation to the extent of 30-35 bps. He further said that RBI took on board the current rupee-dollar rate while working out growth and inflation projections for the next financial year. Replying to a question, Finance Minister Sitharaman said the Union Cabinet has cleared the new income tax proposal and she hopes to have it introduced in the Lok Sabha in the coming Week. Thereafter it will be sent to a parliamentary standin

Slowing growth of unsecured loans satisfactory: RBI Governor Malhotra

The RBI also noted that bank funding to non-banking finance companies (NBFCs) has declined following the increase in risk weight on bank loans to shadow banks

Monetary policy: Banks get breather on draft LCR norms for at least a year

"Trade-offs between stability and efficiency will be kept in mind"

RBI to introduce forward contracts in govt securities: Governor Malhotra

Bond market participants said that in bond forwards, there will be actual delivery of bonds

RBI's internal committee reviewing economic capital framework: Governor

The panel had also suggested that the RBI's ECF be reviewed every five years

Monetary policy: Time to support growth as inflation coming down, says RBI

It has been the endeavour of Reserve Bank to provide as much liquidity as is required

RBI rate cut, RG Kar case, Trump's USAID plan & more top

The RBI’s Monetary Policy Committee cut the repo rate by 25 basis points to 6.25%, maintaining a ‘neutral’ stance. This was the first meeting under new RBI governor Sanjay Malhotra, who cited slowing

RBI to postpone digital deposit buffer mandate for banks by 1 year

Originally proposed in July 2024, the RBI's guidelines required banks to set aside an additional 5 per cent 'run-off factor' on digitally accessible retail deposits

Experts believe RBI's rate cut to ease interest costs, support growth

The repo rate cut of 25 basis points by the monetary policy committee (MPC) of the RBI will give a long-awaited relief on interest rates and support economic growth, according to experts. Chief Economist of Crisil Ltd, Dharmakirti Joshi, said that as expected, the MPC of the central bank cut rates for the first time on Friday since May 2020. The repo rate has been lowered by 25 basis points to 6.25 per cent. Joshi said the recent easing in consumer price index (CPI) inflation and the need to remain supportive of economic growth has moved the RBI to act in this regard. However, the MPC maintained the policy stance at 'neutral', which gives flexibility to remain data dependent and respond to exigencies, Joshi said. The MPC moves in the future will depend more on domestic inflation, he said. "Elevated rates have impacted India's GDP growth, while the budget for the next financial year is mildly supportive of growth, while continuing on the path of fiscal consolidation," he said. Jo

RBI MPC 2025 Highlights: Endeavour of RBI to provide as much as liquidity as required, says RBI Guv

RBI Monetary Policy Highlights: RBI Governor Sanjay Malhotra announced a 25 bps cut in the repo rate -- from 6.5% to 6.25%