Page 7 - Rbi Monetary Policy

RBI MPC proposes process to speed up clearance of cheques in a few hours

Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours, says RBI Governor Shaktikanta Das

RBI Monetary Policy meet: RBI keeps repo rate unchanged

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on August 8 decided to keep the repo rate unchanged at 6.5% for the ninth consecutive policy review, with a majority vote of 4-2.

RBI shortens frequency of bank reports to credit information companies

Borrowers will have the benefit of faster updation of information, especially when they have repaid the loans

RBI MPC policy: Repo rate in focus; what factors may influence decision?

RBI MPC policy meet: The Reserve Bank of India (RBI) is expected to hold the rate at 6.5 per cent again amid inflationary pressures. However, a cut may be possible going ahead

Stocks To Watch Today, Aug 8: Financials, Real estate, MRF, Marico, NTPC

At 6:50 AM, GIFT Nifty futures were down 179 points, trading at 24,187.5, indicating a negative start for Indian stocks.

RBI Policy: MPC to announce repo rates today. When and where to watch?

RBI MPC meeting: A Business Standard poll earlier indicated that economic experts anticipate that the RBI is expected to maintain this status quo for the ninth consecutive policy review

Nomura eyes three US Fed rate cuts in 2024; RBI likely to go its own way

The brokerage firm in a recent report said that the US Federal Reserve may begin rate cuts as early as next month with a 25 bp cut in September, with following rate cuts in November and December of 25

RBI monetary policy from August 6-8: when and where to watch; more details

According to a poll conducted by Business Standard ahead of the meeting, the central bank is expected to maintain a status quo for the ninth consecutive policy review

No plans to allow business houses to promote banks: RBI Governor Das

Governor Shaktikanta Das on Friday said the Reserve Bank does not have any plan to allow business houses to promote banks at present. Allowing corporate houses to promote banks exposes one to conflict of interest risks and related-party transactions, Das said, speaking at an event organized by the Financial Express here. "At this point, there is no thinking in that direction," Das said, replying to a specific query on whether there is any consideration to allow business houses. The RBI had disqualified a long list of conglomerates from floating a lender in the last round of licensing around a decade ago. The issue was revived again in 2020, with a Reserve Bank of India (RBI) working group supporting it, given the potential to get the capital for helping meet the country's growth aspirations. Underlining that banks are different from other businesses, he said experience worldover has shown potential conflicts of interest and issues relating to related-party transactions, if busines

RBI's rate panelists see growth risks, call for rate cut to sustain economy

The views of the three members show increasing concern among policymakers about momentum in Asia's third-largest economy

Bond investors positioned for India's index inclusion: Morgan Stanley

India's index-eligible bonds have attracted $10 billion since the inclusion was announced in September

RBI monetary policy review: Wait for rate cut, change in stance gets longer

The combination of strong growth and above-target inflation does not make a case for a rate cut and even a shift in the policy stance too soon

Here's how industry leaders reacted to the RBI's June MPC decisions

The RBI MPC maintained its 'withdrawal of accommodation' stance and kept the repo rate unchanged at 6.5 per cent. The RBI revised FY25 GDP growth forecast to 7.2 per cent

Voices for interest rate cut growing within RBI's rate-setting panel

Voices for interest rate cut are growing within the Reserve Bank's rate-setting panel with external member Ashima Goyal joining ranks with another member Jayanth R Varma who for long has been advocating to reduce the key policy rate by at least 25 basis points. Reserve Bank's monetary policy committee voted for a status quo in repo rate with four members voting in favour and two against. "Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to keep the policy repo rate unchanged at 6.50 per cent. "Dr. Ashima Goyal and Prof. Jayanth R Varma voted to reduce the policy repo rate by 25 basis points," according to Monetary Policy Statement, 2024-25 Resolution of the Monetary Policy Committee (MPC) released by the central bank. Goyal, Varma and Bhide are external members on the MPC. Ranjan, Patra and Das are RBI officials. In the February 2024 and December 2023 MPC meetings, Varma had made a case for lowering the benchmark interest rate by 25

Repo rate unchanged for 8th time, GDP raised: 5 key takeaways from RBI MPC

The decision to maintain the repo rate and raise the GDP forecast was made during the Monetary Policy Committee meeting held between June 5 and June 7

RBI keeps repo rate unchanged, hikes FY25 GDP growth forecast: Details here

The RBI MPC maintained its 'withdrawal of accommodation' stance and kept the repo rate unchanged at 6.5 per cent. The RBI revised FY25 GDP growth forecast to 7.2 per cent

RBI MPC June meeting underway: It's goal, members; everything explained

The RBI MPC is entrusted with the responsibility of monetary policy in India with the primary objective of maintaining price stability while keeping in mind the objective of growth

MPC meeting: How has inflation behaved since RBI hiked repo rate last year

The expectations for the RBI panel to begin cutting interest rates soon are there, however, the exact timing remains uncertain

RBI Monetary Policy June 2024: Check date, time and what to expect

RBI Policy: The six-member committee tasked with setting India's benchmark interest rate, the repo rate, will meet from June 5 to June 7

RBI's Monetary Policy Committee second meeting of FY25 from June 5-7

A poll by Bloomberg revealed that economists expected the India's central bank to maintain the repo rate at 6.5 per cent for the eight consecutive time