-
These measures include consolidation of large number of circulars and directions of the RBI, measures related to strengthen export sector, and review of restrictions on transaction accounts.
-
The statement clearly articulated that the current macroeconomic conditions and the outlook have opened up policy space for further supporting growth.
-
Even if devil lies in details, many demands of the banking sector have been granted in one stroke of the wand. Over the next 3 – 5 years, some of the regulatory decluttering can go a long way in reshaping the business of banking.
-
The RBI’s Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 5.5 percent on October 1, second time in a row.
-
The RBI’s Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 5.5 percent on October 1, second time in a row.
-
The circular envisages to streamline the activities being undertaken by banks and their group entities while providing more operational freedom to the banks and NOFHCs for equity investments and setting up group entities respectively, RBI said.
-
The MPC also announced additional measures, including the inclusion of select currencies of India’s major trading partners in the list of reference rates published by Financial Benchmarks India Ltd
-
The RBI’s Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 5.5 percent on October 1, for the second time in a row.
-
According to a RBI report, households in rural and semi-urban areas reported a slight uptick in their current perception of inflation, which rose by 10 bps to 5.9 percent compared with the previous round of surveys.
-
The RBI’s Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 5.5 percent on October 1, second time in a row.
-
-
In January, the RBI permitted Indian exporters to open foreign currency accounts with a bank outside India for realisation of export proceeds
-
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 announced steps to expand bank financing for acquisitions, raise lending limits against shares and IPOs, and ease curbs on large borrower lending.
-
The monetary policy committee unanimously voted to keep repo rate unchanged at 5.5%
-
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
-
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.
-
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.
-
There is scope for 20-30 bps increase in the official FY26 growth forecast and a downward revision of a similar magnitude to inflation.
