At 10:31 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Realty indices were up 1 per cent, against a 0.5 per cent gain in the benchmark Nifty50 index
The indication is that an accommodative stance will continue into the next year too, as long as inflation remains stable
Investors were also keenly eyeing the US inflation data which was due on Thursday
RBI watchers call for a CRR hike to support OMOs
The gap, which is 25 basis points (bps) during normal times, has widened to 65 bps since the onset of the Covid-19 pandemic
High borrowing numbers in the budget as well as absence of any steps to facilitate global bond index inclusion roiled the domestic markets, pushing the yield on the benchmark debt to 6.8
As the MPC signals normalisation, a key challenge for the RBI would be to ensure that even as sovereign yields rise, the move is orderly
FIIs' favorite names and heavyweights like HDFC twins, ICICI Bank, Infosys, Kotak Bank, and Reliance Industries saw sharp cuts
The meeting of the interest rate setting body, which was scheduled to start on Monday, will now begin on February 8
Conducting monetary policy will become more challenging
The criteria sets out the requirements for the entities to become eligible as Specified User of CIC under the Credit Information Companies (Amendment) Regulations, 2021
May nudge market rates by managing liquidity
The RBI has extended the restrictions as further action on the draft scheme for the takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB) is in process
The Reserve Bank of India has approved the re-designation of Rajiv Anand as the Deputy Managing Director of Axis Bank, the lender said on Monday. In October this year, the board of directors of the bank approved to re-designate Rajiv Anand as the Deputy Managing Director of the bank, subject to approval of the Reserve Bank of India, and the shareholders of the bank. "The Reserve Bank of India vide its letter dated December 27, 2021, has approved the re-designation of Rajiv Anand as the Deputy Managing Director of the bank from the date of its communication and co-terminus with his approved term of appointment till August 3, 2022 (both days inclusive)," Axis Bank said in a regulatory filing. Anand is the Executive Director (Wholesale Banking) of the bank since December 2018. Anand, 55, had joined Axis Bank in May 2013 from its asset management arm, Axis Asset Management Co Ltd, where he was the Managing Director & CEO. Anand was appointed as a director of the bank in May 2016 and .
It can be argued, out of common sense, that those who desperately needed liquidity during the pandemic got it, which should prompt RBI to increase the repo rate by a small amount
The next policy in February will be come post the Budget announcement. It will be crucial as the state of the economy will be clear as will the action taken by the government to counter Omicron impact
The measures announced in RBI's bi-monthly monetary policy are steps towards a more conducive, affordable and inclusive banking, Punjab National Bank MD and CEO said
Will vaccine crunch hurt India's fight against Covid-19? Internet shutdowns bleeding Indian businesses? What RBI policy means to the markets? What's the new lock-in period for IPOs? All answers here
Repo rate unchanged at 4% and reverse repo at 3.35%
Govt action will be more important than monetary policy