India’s central bank left its key interest rates unchanged and vowed to continue its accommodative stance as long as needed amid a steep rise in Covid-19 infections in the country.
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‘This is not growth; this is de-growth’
‘It will be only in fiscal year 2023 when the size of the Indian economy will be bigger than what it was in 2020, you will see demand and employment
Continue reading »Banks need to gear up to meet new challenges following unwinding of measures to combat COVID, says RBI
Observing that banking soundness indicators are obscured under the asset quality standstill, it said, banks are raising capital in preparation of the imminent stress. Cautioning of imminent stress in the
Continue reading »RBI tightens oversight of NBFCs, UCBs
Regulator strengthens audit norms for urban cooperative banks, non-bank lenders in moves to bolster financial stability The Reserve Bank of India (RBI) on Friday announced the introduction of risk-based internal
Continue reading »Congress opposes move to allow corporate houses set up banks
The Congress on Tuesday strongly opposed a proposed move of Reserve Bank of India (RBI) to allow corporate houses to enter the banking sector and set up banks. Its senior
Continue reading »Why markets jumped 70% in 8 months
And why markets could give up 25 per cent of all these gains made since March 2020. The 50-stock NSE had hit a low of 7511.10 on March 24, 2020;
Continue reading »‘We will have to time what we want to do’
‘Willing to spend is different from when to spend and how much to spend.’ In the first of a 3-part interview, Finance Minister Nirmala Sitharaman told Indivjal Dhasmana and Shyamal
Continue reading »India Central Bank Adopts Wait And Watch Stance As Covid-19 Refuses To Subside
The Reserve Bank of India left its key interest rates unchanged on Thursday, defying expectations for a quarter-point reduction, as it tries to keep inflation in check after the economy
Continue reading »RBI revises guidelines for opening Current Accounts
The new rules will be applicable to existing current, CC/OD accounts with various banks. The RBI has reviewed and issued revised guidelines for opening of Current Accounts by banks to
Continue reading »India Cuts Reverse Repo Rate Amid COVID-19 Lockdown
India’s central bank reduced its reverse repo rate, while retaining the key policy rate and ramped up liquidity measures as economic activity came to a standstill amid nation undergoing a
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