Tag Archives: rbi

Economy not as hard hit as 1st wave, uncertainties remain: RBI Report

By | May 27, 2021

India’s economy has not moderated to the extent it did during the first wave but uncertainties can act as a deterrent in the short term, the Reserve Bank of India said on Thursday. In its annual report, the central bank said the country’s growth prospects now essentially depend on how fast India can arrest… Read More »

Relief to only postpone financial stress from India’s Covid surge: Fitch

By | May 10, 2021

Reserve Bank of India’s Covid-19 relief package will provide some relief to financial institutions (FIs) in the next 12-24 months. However, it will largely be at the expense of postponing the recognition and resolution of underlying asset-quality problems, according to the rating agency Fitch. There are growing indications that India’s latest wave of… Read More »

Equitas, Ujjivan, AU Small Finance Bank gain as RBI announces loan relief

By | May 5, 2021

Shares of small finance banks (SFBs) like Equitas SFB, Ujjivan SFB, AU SFB and Suryoday SFB, on Wednesday, rose up to 6 per cent from their respective intra-day day lows on the BSE after the Reserve Bank of India (RBI) announced a special long-term repo operation window for SFBs, whereby the banks can borrow funds up to… Read More »

Indian consumers turn more glum about future, less likely to spend: Survey

By | April 8, 2021

Indian consumers turned more pessimistic about the present and less gung-ho about the future, making them less likely to spend big in an economy that’s driven by domestic consumption. The current situation index fell to 53.1 in March from 55.5 in January, according to the Reserve Bank of India’s consumer confidence survey, where 100… Read More »

Chris Wood trims India exposure as Covid cases rise

By | April 2, 2021

Christopher Wood, global head of equity strategy at Jefferies has trimmed his ‘overweight’ exposure to India in his Asia Pacific ex-Japan relative-return portfolio by 2 percentage points (ppt). Weight in Singapore and Taiwan in the above-mentioned portfolio has been increased by 1 ppt each. Earlier in December 2020, he raised exposure to Indian equities… Read More »

RBI maintains status quo for fourth time, keeps policy rate unchanged at 4%

By | February 5, 2021

The Reserve Bank of India on Friday left the benchmark interest rate unchanged at 4 per cent for a fourth time, but decided to maintain an accommodative stance, indicating more rate cuts in the future in order to support the economy hit by the Coronavirus (Covid-19) pandemic. The benchmark repurchase (repo) rate was left… Read More »

MARKET LIVE: Indices flat, Nifty around 14,200; ONGC gains 4%, Titan up 3%

By | January 6, 2021

LIVE market live updates: The Indian markets were trading flat with a positive bias in Wednesday’s early deals, tracking mixed global cues. The S&P BSE Sensex was trading 55 points higher at 48,490 levels and the Nifty50 index was holding above 14,200 levels. ONGC (up 4%) was the top Sensex gainer, followed by Titan which rose 3 per… Read More »

Economy recovering faster than expected, inflation needs to be tackled: RBI

By | December 24, 2020

Indian economy is recovering faster than expected and may post minor positive growth in the third quarter, but efforts need to be redoubled to fight inflation so that it doesn’t hurt the incipient growth impulses, according to the State of the Economy report in the December Bulletin of the Reserve Bank of India (RBI). … Read More »

RBI governor asks banks to strengthen lending capacity by raising capital

By | December 23, 2020

The Reserve bank of India (RBI) Governor Shaktikanta Das has asked banks to take proactive measures to strengthen their resilience and lending capacity by raising capital, the central bank said in a statement on Wednesday. During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need… Read More »

Don’t tweak inflation target range: Economists tell FM in pre-Budget talks

By | December 23, 2020

Economists have asked the government not to tweak the range of consumer price inflation target for the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC). In a pre-Budget interaction with Finance Minister Nirmala Sitharaman on Wednesday, they asked the government to stick to the inflation target of 4 per cent, with tolerance levels… Read More »