With RBI keeping the key repo rates unchanged at 6.50 per cent, investors with surplus funds are looking to park their money. We decode whether they should stick to FDs or stick to debt funds
Reserve Bank's regulation on outsourcing of IT services by banking sector entities is aimed at improving corporate governance and will protect the interest of consumers, say industry experts. The Reserve Bank of India (RBI) has recently come out with detailed norms for the outsourcing of IT services by banks, NBFCs and other regulated financial sector entities to ensure that such arrangements do not undermine their responsibilities and obligations to customers. These norms came in the backdrop of the current practice of regulated entities (REs) of extensively leveraging IT and IT-enabled services (ITeS) to support their business models and also the products and services being offered to customers. Commenting on the Master Direction issued by the RBI on 'Outsourcing of Information Technology Services', Monish G Chatrath, Managing Partner, MGC Global Risk Advisory LLP, said, "Strong corporate governance practices and comprehensive risk management frameworks are aspects that are ...
ESMA has this week said Indian clearing corporations will not be recognised as such in Europe because "no cooperation arrangements" could be signed between it and the Indian regulators
Money may move out of rate-sensitive stocks into the less-affected sectors
That it's not far away is a reality, and the Indian central bank is not in denial mode. Despite the rate not being increased, formally, there couldn't have been a more hawkish policy last week
Despite the multiple COVID waves, the earnings for FY22 have not seen any significant downgrades and are on-course to deliver about 25 per cent growth
Despite retail inflation rising to 6.01% in January, and likely to remain elevated till April, a foreign brokerage report expects RBI to leave key policy rates unchanged during the first half of 2022.
We remain cautious that reviving demand could embolden pricing power, allowing a faster transmission of the supply-side pressures to core inflation
In April, the six-member monetary policy committee had voted unanimously for a status quo on the key rates
RBI should not undermine the price and financial stability objectives
The disconcertingly sharp new wave of Covid-19 cases has reignited uncertainty regarding the economic outlook in the immediate term
The RBI is scheduled to announce its monetary policy next week where it is expected to give its outlook on growth
While the low interest rate policy may or may not help with investment, output and employment, it can aggravate, if not cause, financial instability
Markets do not view banks with low capital favourably and offer funds at a higher rate, says study done independently.
All 10 economists and bond traders polled by Business Standard expect the status quo to continue on rates.
Lower inflation next year may open the space for rate cut, but for now the challenge is seeing through the government borrowing and keeping the bond yield low
From RBI policy review, Facebook planning further expansion to Voda Idea reporting Q1 loss, here are the top news on Friday morning
The committee highlighted that inflation risks emanate from supply chain disruptions, high vegetable prices, increased taxes on fuels, and volatility in financial markets
Policy rate pause and debt recast window make sense
Rate cut off the table for now; focus is on other measures to ease stress in system