Shaktikanta Das asked banks to be investment-ready when the investment cycle picks up, which the RBI feels to begin from the next fiscal. Numerous macro indicators suggest that the economic
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India better positioned to face external shocks: RBI's Michae D. Patra
Deputy Governor was speaking at a conference on ‘Growth And Development in the BRICS Economies’ organised by the Delhi School of Economics and the Indian Statistical Institute India is better
Continue reading »India Central Bank Keeps Rates Unchanged As Expected
India’s central bank decided to leave its key interest rate unchanged at a record low and to stop further purchase of government securities from the secondary market. The Monetary Policy
Continue reading »‘Growth has revived in certain segments’
‘There are some high-frequency indicators where uptick is visible and some where it is not’ After announcing the monetary policy resolution, RBI Governor Shaktikanta Das and Deputy Governors Michael Debabrata
Continue reading »Ramping up vax cover key to restoring economic activity: FinMin
Maintaining a rapid pace of the vaccination drive and quickly bridging healthcare infrastructure gaps across both urban and rural areas would emerge as the most sustainable stimulus for durable recovery
Continue reading »Should RBI print money and finance govt’s fiscal deficit?
Experts disagree with the idea and the RBI, which has the sole right to print money, is not comfortable with it as well. Nobel Laureate Abhijit Banerjee, in May, said
Continue reading »India Holds Rates Steady Amid Pandemic Resurgence
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.
Continue reading »‘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
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