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The revised framework aims to improve the robustness, granularity and risk sensitivity of the standardized approach for calculating the capital charge for credit risk. The draft guidelines shall be issued shortly, RBI Governor said.
The Reserve Bank of India (RBI) today maintained a status quo on repo rate and policy stance, highlighting India's favourable growth-inflation dynamics. Meeting Street expectations, RBI Governor Sanjay Malhotra-led Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.5 per cent, and maintained the policy stance as ‘neutral’. RBI MPC addresses the media after the monetary policy announcement.
The guidelines are expected to enhance credit risk management practices, promote better comparability of reported financials across institutions, RBI said.
RBI Monetary Policy Committee (MPC) meets to decide on India’s key interest rates. Key expectations from the meeting: Will RBI hold fire on rate cuts and opt for another pause? Outlook on inflation, growth & liquidity RBI’s stance on repo rate and borrowing costs Insights from Governor Shaktikanta Das on the Indian economy Watch the LIVE coverage of RBI’s policy announcement and expert analysis on how it impacts markets, banks, and borrowers.
The MPC considered it prudent to wait for impact of policy actions to play our before charting the next policy action.
MPC is likely to maintain the status quo on interest rates in its October review, a Moneycontrol poll of 15 economists, bank treasury heads and fund managers has found.
A day earlier, the rupee sank to a record low of 88.8850 against the US dollar amid persistent selling by foreign investors
With CPI at rock-bottom lows but core acting stubborn, the MPC faces a moment of truth on the rate cut front
Barclays said in a note that after a neutral pause in August, it sees the RBI MPC cutting policy repo rate by 25 bps on October 1, acknowledging that it is a close call versus a scenario of a dovish pause followed by a December cut.
Currently, the liquidity in the banking system is in surplus of around Rs 55,005.69 crore as on September 29, according to RBI’s data.
As per the RBI press release, the six-member PRB will be chaired by RBI Governor Sanjay Malhotra, with the Deputy Governor and Executive Director in charge of Payment and Settlement Systems as members.
The bank has a superannuation policy of 60 years for its employees, though exceptions are said to be have been made on a case-to-case basis
The domestic currency hit record low of 88.8850 against the US dollar, and then ended at 88.7888 against the greenback, as compared to 88.7612 at previous close.
The revised framework was released based on the recommendations of Internal Working Group (IWG) and after considering the feedback received from various stakeholders.
Goenka, who took charge on October 15, 2024, stepped down from the role this month, ending an 11-month tenure at the company
There is scope for 20-30 bps increase in the official FY26 growth forecast and a downward revision of a similar magnitude to inflation.
The MPC meeting which has started on September 29, will deliver its decision on the rate action on October 1.
RBI faces a policy test: lower inflation, higher growth forecasts. Markets await dovish signals beyond rate action in October policy.
Moneycontrol's poll of economist, treasury heads, and fund managers showed that the Reserve Bank of India’s monetary policy committee (MPC) is likely to maintain the status quo on interest rates in its October review.
The GST cuts announced, however, changes the view now. With these cuts expected to raise consumption, there would be a tendency for capacity utilisation to improve leading to higher investment. A rate cut can then be justified on grounds of supporting growth.
Going forward, the board will decide the best way to raise money, be it through rights issues or other routes, Sabharwal said.
While the top 3 private lenders HDFC Bank, ICICI Bank, and Axis Bank have stayed steady for over a decade, most of the action in the pecking order has been in the mid-tier where banks have swapped ranks in a tight contest
Stating that the India franchise is adequately capitalised for the next five years, Singh expects the bank’s corporate book to grow 10-12% in FY26, though some large M&A deals could accelerate growth.
The MPC, which has cut rates by 100 bps this year, is expected to hold the rates on October 1, a Moneycontrol poll of economist, fund managers and treasury heads has said
The rupee mirrored the broader trend as Asian currencies marched higher and equities rose following US inflation data
