Higher inflation projection rules out any rate cut possibility in the first half of FY22; bond yield jumps
RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned for all the LIVE updates
There are dedicated ombudsman schemes devoted to consumer grievance redressal in banking, non-bank finance companies and digital transactions, respectively, at present
The capital conservation buffer ensures that banks have an additional layer of usable capital that can be drawn down when losses are incurred
The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week
Reserve Bank of India Monetary Policy review press conference headed by Governor Shaktikanta Das
The other signals expected from the policy related to the rollback of measures announced during the pandemic
Projection for CPI-based inflation revised to 5.2% for Q4 of FY21, for H1 of FY22 at 5% to 5.2%, and for Q3 of FY22 at 4.3%
The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with the RBI
The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
Bi-monthly Monetary Policy statement by Reserve Bank of India Governor Shaktikanta Das.
There is an outside chance of the central bank announcing a rate cut in its monetary policy on Friday, since growth at any cost remains the mantra
Nishchal Maheshwari, Centrum Broking CEO, says that Budget 2021 should ensure that the recovery momentum is sustained
Ultra-low rates run the risk of enticing firms to borrow too much, they say
The following charts explain the current situation of the economy
As growth recovers, it will need to address other policy issues
The RBI has asked banks to conserve capital and not make any dividend payments for financial year 2020
The job of breaking the back of inflation is left to the government's proactive supply management strategies, for now
Realty stocks are showing strong upside momentum
The curious message we get form the statement is that inflation is no longer the only target and we are back to the old days when both growth and inflation were targets for monetary policy