Thu, Oct 10, 2024
The Reserve Bank has approved the appointment of Partha Pratim Sengupta as Managing Director & Chief Executive Officer (MD & CEO) of Bandhan Bank for a period of three years. His three-year tenure counts from the date of taking charge, which shall not be later than November 10, 2024, Bandhan Bank said in a regulatory filing.
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Wed, Oct 09, 2024
Key Takeaways from RBI MPC Meeting: Reserve Bank of India governor Shaktikanta Das kept the repo rate unchanged at 6.50 per cent for the 10th consecutive time. The monetary policy committee (MPC) announced a change in the policy stance to 'neutral'. There was no change in GDP forecast and CPI inflation estimates for FY25.
Wed, Oct 02, 2024
The members of the MPC appointed by the central government will hold office for a period of four years, with immediate effect or until further orders, whichever is earlier.
Thu, Jun 06, 2019
NBFCs have hailed the RBI's Repo Rate cut decision and expect that it would help the government to address the liquidity crisis.
RBI's rate cut won't be enough to handle the liquidity issue until retail banks pass on the benefit to its customers, says market expert Ajay Bagga.
Real estate developers have welcomed the decision citing the move would send out positive notional signals but will the banks pass-on its benefit.
The latest Consumer Price Index (CPI) or retail inflation numbers are slightly up at 2.92% in April 2019 compared to 2.86% in March 2019.
RBI has done away with RTGS and NEFT routes to boost digital transactions and has asked banks to pass on the benefits. This comes as a major good news for bank customers.
Warning the retail bankers for not passing on the rate cut benefits to the customers the RBI Governor vowed to take stringent actions against the retail banks.
From cut in Repo Rate to waiver for RTGS and NEFT charges, the RBI Governor gave the MPC review of the Indian economy as well.
In the latest Monetary Policy released Thursday, Reserve Bank of India has revised the GDP estimate for GY 2019-20.
The retail inflation projection for the second half of this fiscal has been cut to 3.4-3.7 per cent as against RBI's previous projection of 3.5-3.8 per cent.
Weak global demand due to escalation in trade wars may further impact India's exports and investment activity.
RBI monetary policy 2019 Key Takeaways: The Reserve Bank of India, in its second bi-monthly review report on Thursday, cut its policy interest rate by 25 basis points in a widely expected move.
Changing its stance from 'neutral' to 'accommodative' the Reserve Bank of India cut Repo Rate for third straight time by 25 bps to 5.75 pct. To push the digital payment, the RBI has decided to waive Neft and RTGS charges.
The RBI has cut benchmark interest rate by 0.25 per cent to bring down the interest rate. Slashing the repo rate by 25 bps by RBI is in sync with the expectations of the finance domain experts.
This policy, experts believe that monsoon will play major role in decision-making.
RBI Monetary Policy 2019 Highlights: A major boost is expected from the Reserve Bank of India (RBI) on Thursday morning when it presents the monetary policy report. Economy watchers contend that subdued food prices coupled with growth concerns allows RBI to aggressively cut key lending rate.
Currently, India’s policy repo rate stands at 6%, with reverse repo rate under LAF adjusted at 5.75%.
The industry insiders are of the opinion that cut in rates would help increase liquidity into the market leading to easy access of funds to the real estate developers and lower EMI for homebuyers.
Wed, Jun 05, 2019
RBI Monetary Policy June 2019: The Reserve bank of India is all set to release its bi-monthly monetary policy review statement Monday.
The Nandan Nilekani committee's recommendations for boosting digital payments have been received positively by industry experts. The panel has suggested a number of measures to boost digital transactions.
A booster dose in the form of further rate cut is expected from the Reserve Bank to rekindle economic growth which has been stunted by low demand, receding production and stagnant wages.
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