Indian economy is nearing revival from the Covid-19 pandemic, said RBI Governor Shaktikanta Das, adding it is very important that the financial entities have adequate capital
Banks and NBFCs must to do stress tests to ensure credit flow, says Shaktikanta Das
Both fiscal and monetary policy were counter-cyclical and accommodative and both were working in close symmetry, he added
RBI's accommodative policy may benefit companies as India heads into the festive season
While not exactly announcing an OMO calendar for secondary-market bond purchases, the OMO size has been doubled to Rs 20,000 crore in each operation
RBI to run 'accommodative' stance as long as necessary and even entering the next year
All that happened in the markets today
Das doubled the size of open-market bond purchases to $2.7 billion, offered to buy state debt, and also ease a corporate cash crunch through a Rs 1 trn of targeted long-term funds available on tap
Mood of the nation has shifted to confidence & hope, says RBI Governor Shaktikanta Das
With inflation targeting being the rule, the relentless high levels of CPI inflation were to be the barrier to any further cut in interest rates
MPC meeting likely early next week with new panel
RBI Governor Shaktikanta Das had earlier said although there was headroom for further monetary policy action, it was important to keep "our arsenal dry and use it judiciously."
Bond dealers say the central bank has singled out the 10-year bonds as marquee rate setting bonds and is trying to put out a forceful rate signal
India should focus on exports for growth
Says protecting depositors' money, ensuring financial stability key concern
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RBI Governor Shaktikanta Das assured the industry that the central bank will take all necessary measures to ensure liquidity in the system and promote economic growth
The pandemic situation has prompted the move even as the search committee is looking for fresh external candidates, according to the government sources
The government has infused Rs 3.5 trillion in PSBs in the last few years, with the previous round of recapitalisation taking place in September 2019
It marks a reversal in the approach to tackling bad loans, but it is not kicking the can down the road