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Urijit Patel News
RBI's bi-monthly monetary policy: Instead of a rate cut, analysts expect these changes
Wed, Jun 07, 2017
RBI is set to announce second bi-monthly monetary policy statement on June 07.Analysts expects the central bank to once again keep repo rate unchanged but sees changes in its economic stance.
RBI's bi-monthly monetary policy: Widening of liquidity corridor on the table?
Mon, Jun 05, 2017
RBI's move to bring down liquidity was one of the concern in April policy. Data suggest liquidity has come down since then.
Low inflation must for meaningful interest rate regime: Patel
Wed, Jan 11, 2017
"For us, in India, good policy housekeeping should be the cornerstone. It is easy and quick to fritter away gains regarding macroeconomic stability. But hard and slow to regain them," he said at Vibrant Gujarat Global Summit here.
Deputy RBI Governor Viral Acharya: Modi brings back focus on banks' NPA issue?
Wed, Dec 28, 2016
Considering Acharya's major interest, does that mean with his appointment the Modi-led government once again shifts its focus on bank's long hanging stress – 'the bad loans'?
How time has changed for RBI in deciding rate cut
Wed, Dec 07, 2016
Care said, "Based on the movements of these economic parameters, we expect a 25 bps rate cut in tomorrow’s RBI policy view and another 25 bps cut for the rest of the fiscal."
Possibility of an RBI rate cut tomorrow, say Chanda Kochar and Keki Mistry
Tue, Dec 06, 2016
A revision in rate cut is expected by RBI Governor Urijit Patel-led Monetary Policy Committee (MPC).
Banking stocks crash on RBI's cash control measures
Mon, Nov 28, 2016
On November 29, RBI stated that it plans to occupy the excess liquidity in the Indian banks by applying an incremental cash reserve ratio (CRR) as a purely temporary measure. At present, the CRR remains unchanged at 4%.
Deadline for banks to clean up books 'stands' at March'17: RBI
Tue, Nov 15, 2016
Reserve Bank deputy governor N S Vishwanathan today said the deadline for banks to clean up their balance sheet 'stands' at March 2017, even as its governor Urjit Patel hinting at pragmatic approach in dealing with NPAs.
MCLR Cut: Is it time to get a home loan or should you wait some more?
Mon, Nov 14, 2016
Ramaswamy Subramanian Co-founder and CEO at Finanzmart said, "It is a good time for genuine home buyer opting for home loans at this rate because these interest rates are at its lowest now. In fact in 2-3 years the rates have been progressively coming down.”
FPIs pull out Rs 7,500 crore from capital markets
Sun, Oct 23, 2016
"The recent rate cut by RBI is one of the factors for the outflow from debt markets. With downward pressure on bond yields, debt does not seem attractive," SAS Online Chief Operating Officer (COO) Siddhant Jain said.
Inflation seen cooling to one-year low in Sept
Wed, Oct 12, 2016
"The favorable impact of the monsoon is now coming through the system. We saw quite a strong deflation in terms of food prices in August. We expect that to continue in September as well," said Tushar Arora, senior economist at HDFC Bank.
Rate cut to boost liquidity, achieve near 8% growth in FY17: FinMin
Tue, Oct 04, 2016
In the first monetary policy review under RBI Governor Urjit Patel, the interest rate was today cut by 0.25%.
'Rate cut' or 'No rate cut': Factors surrounding this monetary policy
Tue, Oct 04, 2016
Kavita Chacko, economist of Care Ratings said,"Based on these considerations we feel that there is 70% chance of no change in rates as the RBI may like to get more clarity on the above issues and a couple of more data points would help to be certain."
Rate cut hope: Indian markets open in green
Tue, Oct 04, 2016
Indian markets opened in green on Tuesday hoping that Reserve Bank of India, under new governor Urjit Patel will cut interest rates by at least 25 basis points.
First MPC meeting begins; will RBI opt for status quo on rate?
Mon, Oct 03, 2016
August retail inflation eased to a 5-month low of 5.05% but WPI inflation climbed to a two-year high of 3.74%.
BSE, NSE open strong on rate cut hopes, auto stocks gain
Mon, Oct 03, 2016
At 9.20 am, Nifty 50 was trading at 8660.10, above 48.95 points or 0.57%; while Sensex was trading over 28,000-level, up by 142.85 points or 0.51%.
Urjit Patel meets Arun Jaitley in Delhi before RBI Monetary Policy meet
Thu, Sep 29, 2016
According to a newspaper report, in a separate pre-policy meeting with economists, Patel had downplayed inflationary risks and instead focused on India's growth prospects.
Ministry of Finance names three members for MPC
Thu, Sep 22, 2016
The members of MPC is appointed for a period of four years but will not be eligible for re-appointment.
Bengaluru's Zzungry has two dishes named after RBI's Raghuram Rajan
Sat, Aug 27, 2016
The dishes will be available on the menu from August 26 to September 2.
Nirmala Sitharaman pitches for 200 bps rate cut by RBI
Thu, Aug 25, 2016
She said the interest subvention scheme announced for exporters has been helpful in dealing with the impact of global demand slowdown.