Mar 27, 2020 10:45 PM IST
RBI Governor Shaktikanta Das, in a statement, permitted banks to allow a moratorium of three months on equated monthly instalment (EMI) payments
- Mar 27, 2020 01:47 PM IST
Addressing the media via teleconferencing, RBI governor begins his policy statement saying ‘Tough times do not last but tough people do and tough institution’. I think we are in those times right now.
- Apr 04, 2019 04:52 PM IST
Vaibhavi Khanwalkar gets in conversation with Moneycotrol's Deputy Executive Editor, Ravi Krishnan to find out the possible implications of the rate cut.
- Mar 15, 2019 10:44 AM IST
The RBI should also reduce the Cash Reserve Ratio (CRR) to ensure enough liquidity
- Apr 06, 2017 09:22 PM IST
Reserve Bank spared the already beleaguered banks any further burden in its effort to suck out excess liquidity from the banking system, yet it tempered its kindness with a stern warning on inflation.
- Apr 06, 2017 05:49 PM IST
The Reserve Bank of India today kept the repo rate unchanged at 6 percent and hiked the reverse repo rate by 25 basis points to 6.25 percent.
- Apr 06, 2017 02:36 PM IST
The six-member monetary policy committee (MPC), headed by RBI governor Urjit Patel, Thursday maintained status quo on repo rate but revised the reverse repo rate upward by 25 basis points to 6 percent.
- Apr 05, 2017 10:38 PM IST
According to a CNBC-TV18’s MPC Poll, 100 percent participants expect no repo rate cut in the meeting. For the current year – 2017 – 80 percent respondents expect no cut, while 10 percent a 25 basis point cut. Another 10 percent also expect a 25 bps hike in repo rate in the on-going year.
- Mar 15, 2017 12:23 PM IST
Demonetisation also helped banks reduce loan rates by 70 bps without policy repo rate cut from Nov to Jan. On the other hand, the loan rates were reduced by only 15 bps from Apr to Oct despite a 50 bps cut by RBI.
- Dec 07, 2016 06:23 PM IST
Even as retail inflation has eased driven by a sharper than anticipated moderation in the prices of vegetables and strong favourable base effect, it masks some upturn in the prices of several items; prices of wheat, gram and sugar have been firming up.
- Dec 07, 2016 06:09 PM IST
Major factor contributing to the stable monetary policy rate could be impending concerns about inflation and, perhaps in the backdrop increase in the US Fed rates.
- Dec 07, 2016 03:36 PM IST
Awash with funds, banks may start cutting loan rates to productively deploy unexpected deposit surge; RBI lowers 2016-17 growth forecast by 50 basis points to 7.1 percent on demonetisation effect.
- Dec 07, 2016 02:38 PM IST
The Reserve Bank of India (RBI) on Wednesday kept its key lending rate â€”the repo rateâ€”unchanged at 6.25 percent against a widely-anticipated cut of 25-50 basis points.
- Dec 06, 2016 04:18 PM IST
There is a high likelihood of a 25 bps cut in the repo rate.
- Dec 05, 2016 05:00 PM IST
Almost 70 percent of the people are expecting a 50 bps rate cut by March 2017.
Another 75 percent believe that the RBI will lower its gross value added (GVA) guidance to 7-7.5 percent from 7.6 percent due to demonetisation.
- Nov 30, 2016 07:40 PM IST
In a statement, the central bank said that all scrapped currency notes held in their chests will be counted as part of their cash balance.
- Nov 30, 2016 08:39 AM IST
In an interview to the Business Standard, HDFC Bank Managing Director Aditya Puri said that demonetisation shouldn't be looked at as a single, standalone event, but should be put in the context of overall measures that will drive India towards a cashless economy.
- Nov 29, 2016 06:16 PM IST
The expectations on a repo rate cut have been tempered with hike in cash reserve ratio (CRR), Icra said in a note.
- Nov 29, 2016 04:20 PM IST
The Reserve Bank has raised the cash deposit or reserve ratio limit for banks to contain liquidity surge post demonetisation. However, it has also assured it will revisit the limits once the government issues an adequate quantum of Market Stabilisation Scheme bonds. Here are 5 things you should know about MSS bonds and how they will help.
- Nov 28, 2016 04:37 PM IST
The Reserve Bank of India (RBI) hiked the cash reserve ratio (CRR), the percentage of cash deposits that banks have to maintain with RBI â€“ at 100% of the deposits (NDTL) accrued between September 16 and November 11 as incremental cash reserve ratio.
- Nov 28, 2016 03:58 PM IST
Equity benchmarks closed flat with a positive bias after consolidation on Monday but the broader markets outperformed on further value buying. Banks underperformed after CRR hike announcement by RBI while ITC helped the market close in the green.
- Nov 28, 2016 03:54 PM IST
Finance Ministry today said RBI's
raising CRR became necessary due to increase in liquidity in
the system as large sums of money in the form of scrapped Rs
500/1000 notes is being deposited by the public in banks.
- Nov 28, 2016 01:18 PM IST
After banning legal tender status of Rs 500 and Rs 1,000 notes since November 8, there has been a huge surge in banks' deposits. To reduce that surplus liquidity available with the banking system, the Reserve Bank of India, on last Saturday, announced temporary measures by applying an incremental cash reserve ratio.
- Nov 28, 2016 11:20 AM IST
Speaking to CNBC-TV18 from the sidelines of Pune Inc Conclave Power Minister Piyush Goyal said demonetisation has huge advantages. It will take India to digital banking and make it a cashless society.
- Nov 28, 2016 11:00 AM IST
Pradhan feels the next six months will be tough, and sentiment will remain bad as the economy gradually tilts from formal to semi-formal in the medium term