The thrust of RBI's announcements was towards altering the liquidity and macro-prudential frameworks to ensure better monetary policy transmission
CPI projection revised upwards to 5.4-5.0% for H1FY21 from 4-3.8% in December policy
Indiabulls Housing Finance, Shriram Transport Finance, LIC Housing Finance, L&T Finance Holdings, RBL Bank and PNB Housing Finance were up in the range of 4 per cent to 9 per cent on the NSE
Following the November print of 5.54%, RBI had sprung a surprise and opted to hold the repo rate at 5.15 per cent. It, however, continued with the accommodative stance as long as it was necessary.
While speaking on the monetary policy-related aspects, Roubini also flagged up the issue of RBI autonomy
Assessment of frauds have taken a shorter time because banks have the systems in place, says Rajesh Mirjankar
The BoM will be constituted by the Board of Directors (BoD) of the UCBs concerned within one year, the RBI said
The lender investing more than Rs 10 lakh across P2P platforms will produce a certificate to P2P platforms from a practising Chartered Accountant certifying minimum net-worth of Rs 50 lakh
Apex bank also does away with requirement of escrow accounts run by a bank-promoted trustee for transfer of funds
'We expect a gradual recovery in income growth right into the second half of next year', said Das
Says forces driving up inflation 'appear to be transient'
The RBI on Thursday kept repo rate unchanged at the current 5.15% level but revised GDP growth projection for the current financial year 2019-20 to 5%
The problems with the NSSO survey, now a part of the CSO, is that it has failed to keep pace with the changing times
In the concluding part of the series, the author argues that a government with the courage to abrogate Article 370 must not shy away from the banking reform required
The RBI panel's advice to limit CIC to two levels is another reform for better financing arrangement
The central bank is likely to cut repo rate for the fifth time in a row
The Governor has already hinted that the benign inflation provides room for further monetary policy easing while space for fiscal space is limited
According to experts, a dual regulation by the state and RBI is what's hurting the sector, as it leads to undue political intervention
If a fintech firm requires interface with a core banking system for example, a real-time and scaleable model of it will be made available
The RBI on August 7 had reduced the benchmark lending rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy