Tag Archives: rbi

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 »

RBI governor meets bankers over rate transmission, stressed assets

By | December 23, 2020

Reserve Bank of India (RBI) governor Shaktikanta Das and deputy governors met the managing directors and chief executives of public and select private sector banks on Tuesday and Wednesday, to discuss, among other things, transmission of rates and progress in the implementation of resolution framework for Covid-related stressed assets. The RBI governor touched upon… Read More »

RBI to hold accommodative stance, rate cut window limited: MPC minutes

By | December 18, 2020

The Reserve Bank of India is likely to maintain its accommodative monetary policy stance but a faster-than-expected recovery in growth is limiting the scope for further rate cuts, the minutes of the monetary policy committee (MPC) meeting said. The MPC left key interest rates unchanged this month amid persistently high inflation but said it… Read More »

Curbs on PMC Bank extended by 3 months, lender gets four revival proposals

By | December 18, 2020

The Reserve Bank of India (RBI) has extended the restrictions on the troubled Punjab and Maharashtra Cooperative (PMC) Bank by three months till March 31, 2021. Meanwhile, the bank has informed RBI that it has received four proposals from investors to revive the bank in response to the expression of interest (EoI) it had… Read More »