'NBFCs need to be wary of rising borrowing costs as financial conditions tighten'
Gross NPA slips to 5%; regulator flags slippages from recast accounts
'Heartening to see banks increasing green exposure'
Governor Das said due to persistent core inflation, there is no room for complacency and the battle against inflation is not over
MPC minutes show Das saying that in a tightening cycle, especially in a world of high uncertainty, giving out explicit forward guidance on the future path of monetary policy would be counterproductive
According to analysts, the increase in the RBI's reserves is owing to revaluation as well as the central bank's purchases of the greenback as it looks to replenish the reserves
'We'll bring inflation down further for the sake of common people', said FM Nirmala Sitharaman
But they are unlikely to disrupt the securitisation market as such loans constituted only 5% of the total securitisation volume in H1FY23
RBI, following conventional wisdom, is guilty of wanting to show that it's doing something to bring down inflation while perhaps helping worsen it by slowing down efforts to increase capacity, output
Indian property cycle has multi-year pent-up demand and is more dependent onpricing sentiments (now strengthening) instead of mortgage rates.
Does sticky core inflation mean more rate hikes by RBI? Will a warm winter affect Indian farm output? Is it time to pick fixed-income securities? What is ELSS? Listen to this podcast to know
Central bank decision to provide cushion for banks on government bond investments
Battle against inflation is far from over though the worst is behind us; moderation of inflation will be grudging and uneven, they say
Broader markets, especially automobile stocks, may also react negatively going ahead
The key takeaway from the governor's 3,000-word statement is 'the battle against inflation is not over'
AG said note ban's success or failure in curbing black money not a reason to invalidate the decision judicially as the move was made in good faith, after following due process
On Oct 31, ESMA de-recognised CCIL apparently over RBI's refusal to grant audit and inspection rights; Move has potential to hamper bond and derivative trading operations of European banks in India
As per the charts, SBI and DLF need to conquer the near resistances at Rs 620 and Rs 420, respectively, for fresh gains to emerge.
CLOSING BELL: The central bank increased repo rate by 35 basis points and lowered GDP growth forecast for FY23 to 6.8 per cent as it remained cautious of a sticky core inflation amid global turmoil
Despite some signs of moderation, RBI Governor Shaktikanta Das said the main risk was that inflation would remain sticky and elevated