RBI Policy; Tackling Inflation: A Priority — Expect Another 50-75bps Rate Hike In The Current Cycle

RBI’s hawkish policy is focussed largely on heightened inflationary concerns. It has raised policy rate by 50bps. CPI forecast has been revised upward by 100bps in FY23 to 6.7% (our est.: 6.5%). More importantly in the next three quarters, headline CPI is…

Market Experts On RBI Increasing Repo Rate By 50 Basis Points To 4.90% — Loans, EMIs To Go Up

Market Experts quote on RBI MPC | Stock Market | Real Estate | Industry RBI governor Shaktikanta Das-headed Monetary Policy Committee (MPC), started out its deliberations on Monday. It met for 3 days from June 6. The MPC unanimously voted…

Reserve Bank Of India To Delay At Least Until August To Raise The Repo Rate

The Monetary Policy Committee (MPC), left repo rates unruffled, at 4 basis points for the 11th time in a row. A basis point is one out of a hundred percentage points. The policymakers unanimously voted to retain a 4% borrowing…

Citi’s Exit: Why Foreign Banks Struggle To Flourish In India

Citigroup isn’t the only foreign bank struggling in India, a closer look at the country’s banking ecosystem reveals.

RBI penalizes Bandhan Bank for non-compliance

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Bandhan Bank Limited. RBI stated that this action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank.

RBI cuts repo rate by 25 basis points to boost economic growth

The six-member monetary policy committee (MPC) headed by Governor Shaktikanta Das announced the decision after a three-day meeting. GDP growth slumped lower to 5% in the April to June quarter as against a 8% in the year-ago period. The Reserve…

India’s current account deficit narrows to 2% of GDP: RBI

India’s current account deficit (CAD) narrowed to 14.3 billion dollars or two per cent of the gross domestic product (GDP) during April to June, data released by the Reserve Bank of India showed.

RBI initiates prompt corrective action for Lakshmi Vilas Bank

On Friday, September 28, shares of Laxmi Vilas Bank closed 4.94% lower at Rs 36.55 a piece after the bank said that Economic Offences Wing of Delhi Police has registered a first information report (FIR) against its directors of the board.

Asaduddin Owaisi accuses Modi govt for taking 99.99% profit of RBI

While addressing a press conference in Hyderabad on August 27, All India Majlis-e-Ittehad-ul-Muslimeen (AIMIM) president Asaduddin Owaisi said, ‘Modi government is the first government which is taking about 99.99% profit of the Reserve Bank of India (RBI) and prior to this, no other government took this much profit percentage of RBI.’

Stealing from RBI won’t work: Rahul takes a dig on PM and FM

A day after the Central Board of the Reserve Bank of India (RBI) approved the transfer of Rs 1,76,051 crore to Centre, Congress leader Rahul Gandhi