'In the past two meetings, the size of the rate increases have come down'
Credit rating agency Acuite Ratings and Research said the Reserve Bank of India (RBI) will continue with monetary tightening and will hike the policy rate by 25 basis points (bps).
IMF added that the central banks across Asia need to stay 'alert' as the core inflation is still high, and the re-opening of China's economy may push inflation up due to higher demand
Globally, too, sticky inflation seems to be a cause for concern. Last week, two Federal Reserve (US Fed) officials suggested that the US central bank may need to keep interest rates elevated ahead
Says GDP growth will receive 15 bps boost from tax cuts
The Reserve Bank on Friday issued final guidelines on Interest Rate Risk in Banking Book which require banks to measure, monitor, and disclose their exposure to IRRBB that may impact the capital base and future of earnings of lenders. IRRBB refers to the current or prospective risk to banks' capital and earnings arising from adverse movements in interest rates that affect its banking book positions. Excessive IRRBB can pose a significant risk to banks' current capital base and/or future earnings. "These guidelines, accordingly, require banks to measure, monitor, and disclose their exposure to IRRBB," the RBI said in a circular. The final guidelines on IRRBB are in alignment with the revised framework issued by the Basel Committee on Banking Supervision (BCBS). The RBI further said the date for implementation of the guidelines will be communicated in due course. "Banks are advised to be in preparedness for measuring, monitoring, and disclosing their exposure to interest rate risk i
Following the RBI MPC's repo rate hike earlier this month, many banks like Bank of Baroda, Bank of India, and Punjab National Bank have also hiked their key lending rates
The deposit and lending rates are directly proportional to the repo rate, and they generally go up if the benchmark rate is hiked
One cannot completely rule out the possibility that the pause button would be pressed at the next MPC meet. Future actions, both for policy rate and stance, will depend on evolving data
UPI transactions touched a record high of 8.03 billion transactions in January, adding up to Rs 12.98 trillion
Policy rate increased by 25 bps to a 4-year high of 6.5%
Traders expect the excess cash with banks to dry up significantly over the next three to four months
Post 'short-squeeze' episodes, market had called for more players in security lending
CLOSING BELL: Adani Enterprises surged 23 per cent, while Adani Ports zoomed 9 per cent, leading the winners' list on the Nifty50
The MPC's optimistic growth outlook for H2 FY2024 augurs well for the credit demand for the banking sector as well as the lenders, said Karthik Srinivasan of Icra
Descending Triangle breakdown on Nifty Bank index may see up to 5% decline
RBI MPC: Shaktikanta Das said that the repo rate hike of 25 bps is considered appropriate at this juncture but the monetary policy will remain agile to inflation
Need to see decisive decline in inflation, core inflation still sticky, says RBI governor
The impact will be short-term, and the boost in budgetary allocations towards infrastructure will keep the demand robust
At 11:00 am; Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services are trading almost flat, as against 0.58% rise in Nifty 50.