Dinesh Khara took over as chairman of the State Bank of India at the peak of the pandemic. Talking to Fortune India, Khara says he believes that FY22 is already showing signs of a revival.
The legality of cryptocurrency is in question as the government and the regulator have made contradictory statements. Nischal Shetty, CEO of WazirX, disentangles its technology and legal status.
Amid fears over retail inflation, everyone believes that the central bank will continue to wait and watch as a rate hike is out of question for now. The June inflation numbers will be key.
While the Reserve Bank of India kept policy rates and its accommodative stance unchanged, additional monetary measures have been brought in to fight the second wave of Covid-19.
It is the time of the year to start chasing dark clouds over the Arabian Sea. Normal rains will offset the demand recession induced by the pandemic and wash away a lot of the country’s woes.
The central bank unveils liquidity facility of ₹50,000 crore for access to emergency health services, and ₹10,000 crore for small finance banks’ on-lending, among a slew of measures to fight Covid-19.
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.
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.
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%.
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.
