RBI’s policy stance very balanced: India Inc.
After the RBI announced that it is maintaining the status quo with regard to its policy stance, India Inc. has reacted very positively to the developments. Here are some of the reactions.
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April 2021
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December 2020
October 2020
The RBI is furious with bond traders. Here’s why
Even as the RBI tries to ensure an orderly evolution of the yield curve, bond vigilantes could hamper a global economic recovery, unsettle markets, and trigger capital outflows from emerging markets.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
Will Shaktikanta Das add to FM’s power hitting?
The Budget has the potential to push growth with its big spending plan. All eyes will be on RBI to see how it supports the government’s efforts when it unveils its monetary policy on February 5.
Budget proposes cleansing mechanism for PSBs
Apart from recapitalisation, public sector banks get a shot in the arm in the form of ARC and AMC mechanisms to clean up their books.
The crystal ball: RBI report foresees NPA woes
According to the RBI, the gross NPA ratio of all scheduled commercial banks may increase from 7.5% in September 2020 to 13.5% by September 2021, and even escalate to 14.8% in severe stress scenario.
HDFC Bank's Jagdishan faces his first challenge
On the 37th day since taking charge, the RBI diktat—gagging HDFC Bank’s digital initiatives and addition of new credit card customers—is the first big challenge for the bank's new MD & CEO.
Our objective is to support growth: Shaktikanta Das
RBI’s status quo on interest rates, guidance on inflation and GDP, and thrust on economic growth pushes equity indices to new lifetime highs.
India Inc. welcomes RBI’s policy stance
The Reserve Bank of India kept the repo rate unchanged at 4% and maintained its policy stance as 'accommodative'.
A dose of cautious optimism from the Reserve Bank
Governor Shaktikanta Das’ latest policy statement sees FY21 growth contracting by 9.5%, but also talks about the possibility of India renewing the “tryst with its pre-Covid growth trajectory”.
