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Economy Faces Headwinds From Global Spillovers: RBI

Economy Faces Headwinds From Global Spillovers: RBI

The RBI slashed the GDP growth projection for the fiscal 2022-23 to 7.2 per cent from its earlier forecast of 7.8 per cent.

04 May 2022
Potential Market Opportunities Open Up For India Due To Geopolitical Conditions: RBI

Potential Market Opportunities Open Up For India Due To Geopolitical Conditions: RBI

The worsening of terms of trade, driven by high commodity prices could have implications for the current account deficit in 2022-23, he said, but it is...

04 May 2022

RBI Raises CRR By 50 Basis Points To 4.5% Beginning May 21

The decision was announced by RBI Governor Shaktikanta Das after an off-cycle meeting of the rate-setting panel -- Monetary Policy Committee (MPC).

Here Is Why Loan EMIs Are Set To Go Up After RBI’s Repo Rate Hike

Here Is Why Loan EMIs Are Set To Go Up After RBI’s Repo Rate Hike

Surprising everyone, the RBI on Wednesday, hiked the repo rate by 40 basis points(bps). The new repo rate now stands at 4.40 per cent.

05 May 2022

Here Are The Highlights Of RBI's Monetary Policy Committee Off-Cycle Meeting

The benchmark policy rate (repo) is hiked by 40 bps to 4.4 pc with immediate effect.

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04 May 2022
RBI Hikes Interest Rate By 40 Basis Points; Borrowing To Become Expensive

RBI Hikes Interest Rate By 40 Basis Points; Borrowing To Become Expensive

This is the first-rate hike since August 2018 and the first instance of the MPC making an unscheduled increase in the repo rate.


04 May 2022
Here Is Why RBI Hiked Repo Rate By 40 Basis Points

Here Is Why RBI Hiked Repo Rate By 40 Basis Points

The Reserve Bank of India raised the key lending rate - repo rate - by 40 basis points to counter the rising inflation


22 April 2022
RBI Needs To Tailor Its Actions In Tune With Dynamic Global Situation: Governor Das

RBI Needs To Tailor Its Actions In Tune With Dynamic Global Situation: Governor Das

MPC, which held its meeting from April 6-8, unanimously decided to keep the borrowing costs unchanged at a record low for the 11th time in a row in a bid to...


22 April 2022
Finance Ministry Asks Banks To Strengthen Balance Sheet, Raise Capital From Market

Finance Ministry Asks Banks To Strengthen Balance Sheet, Raise Capital From Market

Financial Services Secretary Sanjay Malhotra exuded confidence that public sector banks will continue to strive and perform better on all metrics, including...


22 April 2022
All Members Expressed Concerns Over Inflation At MPC Meet

All Members Expressed Concerns Over Inflation At MPC Meet

MPC unanimously decided to keep the borrowing costs unchanged at a record low for the 11th time in a row in a bid to continue supporting economic growth...


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18 April 2022
RBI Turns Net Purchaser Of US Currency In February

RBI Turns Net Purchaser Of US Currency In February

In the reporting month, the central bank bought $5.946 billion and sold $5.175 billion in the spot market, RBI said in its monthly bulletin for April 2022.


18 April 2022
Monetary Transmission To Banks' Interest Rates Likely To Strengthen Further: RBI Article

Monetary Transmission To Banks' Interest Rates Likely To Strengthen Further: RBI Article

Earlier, the internal benchmark-based lending rate regimes had faced a multitude of issues, such as arbitrariness in the calculation of the base rate/MCLR and...


11 April 2022
RBI Says 22 NBFCs Have Surrendered Their Registration Certificates

RBI Says 22 NBFCs Have Surrendered Their Registration Certificates

With cancellation of the CoRs, these 22 entities cannot transact the business of a Non-Banking Financial Company (NBFC), the RBI said in a statement.


09 April 2022
The Tyranny Of Transient Inflation And RBI’s Obsession With Growth  

The Tyranny Of Transient Inflation And RBI’s Obsession With Growth  

Traditionally, GDP growth has been the domain of the finance ministry in New Delhi, while the RBI has focussed on controlling inflation and money supply in the...


08 April 2022
RBI Sets The Stage For Rate Hikes As Inflationary Pressure Looms

RBI Sets The Stage For Rate Hikes As Inflationary Pressure Looms

RBI in its first monetary policy of the new financial year left the key policy rates unchanged. However, the guidance seems to be more hawkish than...


08 April 2022
Regulations In Sync With Changing Times; Large NBFCs Can Comply Or Restructure: Das

Regulations In Sync With Changing Times; Large NBFCs Can Comply Or Restructure: Das

Earlier this week, HDFC chairman Deepak Parekh blamed the harmonisation for the narrowing regulatory arbitrage to operate a separate entity like his and cited...


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08 April 2022
RBI's Policy Normalisation Gets A Leg Up, Say Analysts

RBI's Policy Normalisation Gets A Leg Up, Say Analysts

The six-member Monetary Policy Committee (MPC) voted to hold the benchmark repurchase or the repo rate at 4 per cent and decided to stick to an accommodative...


08 April 2022
Sensex, Nifty Snap Three-Day Losing Streak Led By ITC, Reliance Industries

Sensex, Nifty Snap Three-Day Losing Streak Led By ITC, Reliance Industries

Reliance Industries, ITC, ICICI Bank, Kotak Mahindra Bank, Titan and Asian Paints were among the top movers in the Sensex


08 April 2022
What Does RBI’s Decision To Rationalise Risk Weights For Home Loans Mean For You?

What Does RBI’s Decision To Rationalise Risk Weights For Home Loans Mean For You?

The repo rate stays at 4 per cent. So, banks will have more funds to offer to borrowers and interest rates on home loans will stay at the current low levels


08 April 2022
RBI Governor Shaktikanta Das Hints At Ending Accommodative Policy Stance

RBI Governor Shaktikanta Das Hints At Ending Accommodative Policy Stance

Das said the time is appropriate to put inflation ahead of growth in monetary policy priorities


08 April 2022
RBI Introduces Card-Less Cash Withdrawal Facility Using UPI Across All ATMs

RBI Introduces Card-Less Cash Withdrawal Facility Using UPI Across All ATMs

In addition to enhancing the ease of transactions, the absence of the need for a physical card for such transactions would help prevent frauds such as card...


08 April 2022
RBI Extends Rationalised Home Loan Norms Till March 2023

RBI Extends Rationalised Home Loan Norms Till March 2023

In October 2020, the Reserve Bank as a countercyclical measure to deal with the Covid situation had rationalised the risk weights by linking them only with...


08 April 2022
RBI Starts Normalisation On Liquidity; Introduces SDF As The Floor To Absorb Excess Funds

RBI Starts Normalisation On Liquidity; Introduces SDF As The Floor To Absorb Excess Funds

Governor Shaktikanta Das said the SDF will be at 3.75 per cent, 0.25 per cent below the repo rate and 0.50 per cent lower than the marginal standing facility...


08 April 2022
Sensex, Nifty Surge After RBI Holds Rates Steady At Record Lows

Sensex, Nifty Surge After RBI Holds Rates Steady At Record Lows

The Sensex rose as much as 469 points from the day's lowest level and Nifty 50 index reclaimed its important psychological level of 17,700 after hitting an...


08 April 2022
RBI Lowers Growth Forecast To 7.2% For FY23 Amid Geopolitical Uncertainty

RBI Lowers Growth Forecast To 7.2% For FY23 Amid Geopolitical Uncertainty

Unveiling the first bi-monthly monetary policy review of the current fiscal, RBI Governor Shaktikanta Das said external developments during the past two months...


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