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Lakshmi Iyer of Kotak Mahindra AMC, says that she does not think that the bond markets were expecting any explosive announcements from the RBI governor Das on day one.
Lakshmi Iyer of Kotak Mahindra AMC, says that she does not think that the bond markets were expecting any explosive announcements from the RBI governor Das on day one.
Lakshmi Iyer of Kotak Mahindra AMC, says that she does not think that the bond markets were expecting any explosive announcements from the RBI governor Das on day one.
Former Deputy Governor of the RBI, R Gandhi, says that the intention to hold consultations with all stakeholders is a good start by the governor. The RBI should look at clarifying rules to bring a bank out of PCA.
“The appointment (of RBI governor) enhances the Bond market's conviction,” says Jayesh Mehta, Bank Of America. He also said that the bond market will be cautious ahead of December 14 RBI board meet.
Jayesh Mehta of Bank of America says that market participants will be hoping that nothing dramatically changes after the RBI board meet on December 14. If nothing major changes, then the market will start building up expectations of a rate cut, he says.
Former RBI Deputy Governor R Gandhi points out that although the guidelines clearly define what can trigger PCA on a bank, they don't specify what a bank could do to get out of it. He says that the RBI could do with defining this aspect clearly so as to ease any confusion that banks and the government may have.
I had tea with Deputy Governor Viral Acharya 5 minutes ago: ShaktikantaDas on question about whether Acharyais still working for the central bank.
I would believe that the autonomy of the RBI is very important and that it will stay intact, says Governor ShaktikantaDas.
Life is never simple, there are multiple challenges, says ShaktikantaDas.
Inflation targetting is an important function for the RBI, so it will remain very important, says Das.
For a change, an RBI Governor is replying in Hindi to a question asked in Hindi!
