Jun 17, 2015 at 19:59 | Source: PTI
"So, is the stance of current (monetary) policy appropriate? Of course, that is difficult to say but at the very least, there needs to be more analytical discussion". In particular, there needs to be greater recognition that these are unusual times.
Jun 15, 2015 at 16:39 | Source: Moneycontrol.com
According to Emkay, currency weakening, rise in global rates, firming up of global commodity prices, domestic factors such as potential fiscal expansion and impact of rise in service tax on domestic inflation is likely to keep RBI aligned to an adaptive monetary stance, says the report.
Jun 15, 2015 at 15:18 | Source: PTI
"Although all banks will benefit from these changes, the guidelines will be particularly beneficial for those with large corporate exposure, including State Bank of India (Baa3 positive) and IDBI Bank (Baa3 stable)," the rating agency said in an article titled Moody's Credit Outlook.
Jun 12, 2015 at 10:29 | Source: CNBC-TV18
Sunil Garg of JPMorgan says monsoon is clearly causing disappointments but the fact remains despite a few rate cuts since the beginning of the year, credit growth has not reponded.
Jun 10, 2015 at 18:32 | Source: PTI
Growth rate of credit by scheduled commercial banks slowed to 9.8 percent at Rs 66,33,417 crore for the fortnight ended May 29, as per Reserve Bank data.
Jun 10, 2015 at 08:45 | Source: Moneycontrol.com
Focus only and only on your position, asserts Ganesha for you today. Do not waste your time and thoughts on the news circulating regarding crude oil, US dollar, Indian rupee, monsoons or their arrival date/s, RBI policy etc. as they will distract you.
Jun 09, 2015 at 08:16 | Source: PTI
After blaming RBI earlier for keeping interest rates high, former finance minister Yashwant Sinha today trained his guns on banks for keeping lending rates high and asked them to pass on the entire 75 basis points cut in the policy rates to borrowers.
Jun 08, 2015 at 18:05 | Source: PTI
Decline in inflation and flagging private sector consumption as well as investment growth have led the Reserve Bank to cut the policy rate by 75 basis points since January, but the forecast of a weak monsoon season will curtail further rate reductions, the agency said.
Jun 08, 2015 at 18:04 | Source: PTI
Soon after RBI's second bi-monthly policy review for 2015-16 on June 2, a number of banks, including largest public sector lender SBI, have cut the minimum lending rates. Also, several banks have cut the rates of interest they offer to customers for keeping their deposits.
Jun 05, 2015 at 21:48 | Source: PTI
Observing that he had cut benchmark lending rate by 0.25 percent earlier this week despite several risks, the RBI chief said that future policy action would be contingent on domestic and global factors.