
Incorrect credit score? Now you can file complaint with RBI
RBI to include credit information companies under Reserve Bank-Integrated Ombudsman Scheme; says turnaround time of grievance redress under RB-IOS has declined considerably
RBI to include credit information companies under Reserve Bank-Integrated Ombudsman Scheme; says turnaround time of grievance redress under RB-IOS has declined considerably
Inflation is now projected at 6.7% in 2022-23, with Q1 at 7.5%; Q2 at 7.4%; Q3 at 6.2%; and Q4 at 5.8%
Inflation is likely to remain in the upper tolerance band in the first 3 quarters of FY23, says RBI governor Shaktikanta Das.
The worsening outlook of inflation warrants timely action to forestall second round effects which could lead to unanchoring of inflation expectations, states the RBI governor.
Because of the Russia-Ukraine war, food and beverages, fuel, light and transport alone contributed around a 52% increase in overall inflation since February, says an SBI Research report.
Liquidity needs to be modulated in line with the policy action and stance to ensure their full and efficient transmission across the economy, governor Das says.
While a majority of indices tanked today due to rate hike by RBI, LIC IPO was saved from dampening spirit of the Indian stock markets in the nick of time.
The monetary panel has decided to retain its accommodative stance from its meeting in April, with an eye accommodation withdrawal.
A combination of high international commodity prices and elevated logistics disruptions could aggravate input costs across sectors, says the RBI Governor.
RBI governor Shaktikanta Das says the real GDP growth is expected to rise to 16.2% in Q1 FY23; 6.2% in Q2; 4.1% in Q3; and 4% in Q4