Page 7 - Rbi Governor

Stock Market close highlights: Sensex up 747 pts, Nifty tops 25k as investors cheer RBI rate cut

Sensex Today | Stock Market close highlights, Friday, June 6, 2025: RBI MPC cut repo rate cut to 5.5%, more-than-expected. The announcement triggered a sharp rally in bank, auto, real estate stocks

Indo-Pak conflict had minimal impact on economy, says RBI Governor

Reserve Bank Governor Sanjay Malhotra on Friday said the India-Pakistan conflict, following the Pahalgam attack in which 26 civilians were killed, had negligible impact on economic activity. After the terror attack in Pahalgam on April 22, in which 26 people were killed, Indian armed forces launched Operation Sindoor and hit terror infrastructure in Pakistan. Indian armed forces on May 7 carried out missile strikes on nine terror targets in Pakistan and Pakistan-occupied Kashmir, including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base in Muridke. In retaliation, Pakistan, too, launched its offensive and bordering districts were affected. "The conflict... had a very, very limited, negligible impact on economic activity. It did have some impact for those days, especially in northern India, airports being closed, air passenger traffic did certainly decrease, but there was no major supply chain disruption, etc," he said. So, he said, it does not have any imp

RBI Guv flags crypto concerns, says it may hamper financial stability

RBI Governor Sanjay Malhotra on Friday said the central bank is concerned about cryptocurrencies as it can hamper financial stability. Malhotra was replying to a question during a media interaction post the RBI monetary policy about the developments in the backdrop of the Supreme Court's observation on crypto currency last month. "There is no new development as far as crypto is concerned. A committee of the government is looking after this. Of course, as you are aware, we are concerned about crypto because that can hamper financial stability and monetary policy," Malhotra said. The Supreme Court has last month asked the Centre to formulate a "clear cut" policy on regulating cryptocurrency, while underlining its impact on the economy. A Supreme Court bench termed the Bitcoin trade as an illicit trade more or less like "hawala" business. India is currently working on a discussion paper for cryptocurrencies and an inter-ministerial group (IMG), comprising officials from RBI, Sebi and

RBI set to ease rules for small-ticket gold loans: Guv Sanjay Malhotra

In April, the Reserve Bank of India had proposed stricter rules for monitoring and disbursement of gold loans, which are often used by low-income borrowers

RBI delivers a jumbo surprise; more reasons for INR to underperform: Nomura

The policy outlook will depend on the macro outlook. We see downside risks to the RBI's GDP growth and CPI inflation outlooks, said Nomura, in a note.

'We've won the inflation battle': RBI Guv Sanjay Malhotra on rate cuts

RBI Governor Sanjay Malhotra says inflation is under control as repo rate is cut to 5.5%, CRR lowered to 3% and policy stance turned neutral to support growth and banking system liquidity

RBI MPC key takeaways: Repo rate cut by 50 bps, stance changed to neutral | RBI MPC meet outcome

On June 6, the RBI’s rate-setting panel slashed the repo rate by 50 basis points to 5.5% and changed the policy stance to neutral from accommodative.

HDFC Bank, Bajaj Fin: Rate sensitive shares up on repo rate, CRR cut by RBI

RBI MPC Meeting: Godrej Properties, DLF, Ajmera Realty & Infra India, Kolte-Patil Developers, Suntech Realty, Signatureglobal (India) from the real estate sector were up in the range of 3% to 7%

India's forex reserves dip by $1.2 billion to $691.5 billion as on May 30

The country's FX reserves are now about $13.4 billion below their all-time high hit in September 2024

RBI MPC June 6 decision: What to expect? | Inflation | Rate cut expectations

The RBI's monetary policy committee is set announce it's rate decision on Friday, June 6. Is there a rate cut on the cards? Watch to find out!

India may ease bank ownership rules as foreign interest, capital needs grow

Analysts say foreign banks are keen for deals in India, the world's fastest-growing major economy, especially as it angles for regional trade agreements

RBI balance sheet grows 8.2% to ₹76.25 trillion in FY25, surplus up 27%

RBI's balance sheet grew to ₹76.25 trillion in FY25 with a record ₹2.69 trillion surplus and higher gold, domestic and foreign investments; gold holding rose 57.48 tonnes

Six-member board to regulate payment systems: RBI notification

RBI governor headed a six-member Payments Regulatory Board, including three central government nominees, will regulate and supervise payment systems in the country, according to a central bank notification. The Payments Regulatory Board (PRB) will replace the Board for Regulation and Supervision of Payment and Settlement System (BPSS). The five-member BPSS is also headed by the RBI Governor but does not include any government nominee. The other members are a deputy government concerned and three directors from the Central Board of the Reserve Bank of India. The Reserve Bank has now notified 'Payments Regulatory Board Regulations, 2025'. According to the notification, other members of the governor-headed Payments Regulatory Board (PRB) will be the Deputy Governor in charge of the Payment and Settlement Systems, one officer of the RBI to be nominated by the Central Board, and three persons nominated by the central government. RBI Governor, Deputy Governor and the central bank offici

Govt to have a say in new payments regulatory board with a significant role

RBI governor, as chair of the board, will have casting vote

Banks set to meet investment needs of India Inc: RBI Guv Sanjay Malhotra

RBI governor says rupee's orderly movement reflects strong macro fundamentals

Rate cut will boost private consumption, investment, says RBI Guv Malhotra

Benchmark interest rate reduction will bolster private consumption and support a revival in private corporate investment, Reserve Bank Governor Sanjay Malhotra had opined while voting for a 25 basis points cut in repo rate along with other five members of the rate-setting panel earlier this month. Governor Malhotra-headed Monetary Policy Committee (MPC) had reduced the short-term lending rate by 25 basis points to 6 per cent on April 9. A similar reduction was done in February. "When consumer price inflation is decisively around its target rate of 4 per cent and growth is still moderate and recovering, monetary policy needs to nurture domestic demand impulses to further increase the growth momentum. This is specially so amidst an uncertain global environment, which has amplified downside risks to growth," said the minutes of the MPC meeting released by the RBI on Wednesday. Malhotra had said it will bolster private consumption and support a revival in private corporate investment ..

Govt extends tenure of RBI Deputy Governor T Rabi Sankar by one year

The government has extended the term of RBI Deputy Governor T Rabi Sankar for another one year till May 2026, according to sources. This is the second one-year extension granted to him. The Appointments Committee of the Cabinet (ACC) has approved the re-appointment of Rao for a period of one year with effect from May 3, 2025, or until further orders, sources said quoting a government order dated April 21. The ACC is headed by Prime Minister Narendra Modi. He was appointed as RBI Deputy Governor in May 2021 for an initial period of three years. In his previous role as Executive Director, Sankar was looking after the Department of Payment and Settlement Systems, the Department of Information Technology, Fintech and the Risk Monitoring Department in RBI. Sankar has also in the past served as an IMF Consultant (2005-11) towards developing government bond markets and debt management. Outside his career at the RBI, Sankar holds the role of Chairman at Indian Financial Technology and A

Financial inclusion is not a licence to exploit: RBI Deputy Governor

NBFCs pulled up for lax underwriting, steep charges

Tariffs to hit growth, but India may dodge the worst: Guv Malhotra

Rupee free to move if global forces weigh, says RBI governor

We will provide sufficient liquidity for monetary policy transmission: RBI

The RBI has guided that liquidity should be 1-1.5 percent of NDTL