As per the RBI Act 1934, the MPC is required to meet at least four times in a year.
Banks in the country are likely to witness a spike in their non-performing assets ratio by 1.9 percent and credit cost ratios by 130 basis point in 2020, following the economic slowdown on account of Covid-19 crisis, S&P Global Ratings said in a report
Lenders may try to reduce their credit risk by offering lower loan amounts, given the ongoing correction in property prices
Meanwhile, the Bengaluru-based bank also slashed its marginal cost of fund-based lending rate (MCLR) by 20 basis points across various tenors.
The revision in RLLR rates will be effective from June 8, the bank said in a release.
The big will get bigger as marginal competition finds it difficult to survive
Some realtors disappointed, say respite would have been greater had the long-standing demand of the sector for a one- time restructuring of loans been considered
In the first two pressers, the RBI governor announced a series of measures to ease liquidity pressure in the banking system and cushion the economy from the COVID-19 shock.
Bank boards must clear the policy on offering moratorium on loans; RBI has approved it and the onus now remains on the banks, RBI Governor Shaktikanta Das told Cogencis in an interview. Read on for the key highlights
The Nifty50 which reclaimed 9300 in the morning trade saw cool off and slipped below 9200 levels while the S&P BSE Sensex saw cool off from more than 1000-point gain.
The People's Bank of China (PBOC) said on its website that it was lowering the 7-day reverse repo rate to 2.20% from 2.40%.
RBI Governor Shaktikanta Das, in a statement, permitted banks to allow a moratorium of three months on equated monthly instalment (EMI) payments
A few more rounds of cuts, India may well be pushing close towards a theoretical possibility of zero percent policy rate regime
Rate reductions and a three-month EMI moratorium come as big relief for borrowers in the time of coronavirus.
Banks have been thrown open the door to borrow at around 4.4 per cent and deploy the funds at almost double the yield
While economists are certain about an early RBI rate cut, they are divided over the intended impact of monetary easing
If one look at empirical evidence from the past, lowering the borrowing costs alone has not helped boost credit growth
The public sector bank attributed this revision to lower operating costs
Sector-specific boost and forbearance, and yield control are not without their share of risks
Despite RBI taking measures to lower cost of funds for banks, home loan customers who have borrowed after October 1, 2019 may not get immediate relief
One more rate cut will depend on how quickly inflation appears to be reverting back towards 4 percent.
In the April policy, it might have enough reasons to act and then wait some more.
One more policy rate cut may be expected, as and when inflation eases, may be in the Oct-Dec quarter of 2020
You can decrease the EMI and keep the loan tenure unchanged. The other alternative is to reduce your loan tenure and keep the EMI unchanged.
Tune in to this episode where Keerthana Tiwari and Kayezad Adajania talk about repo rate-linked loans, Digital payment scams and the PMC crisis.