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Banks not displaying signs of stress in their loan book despite the central bank hiking repo rate by 250 basis points since last May could be one of the reasons
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Benchmark Sensex and Nifty traded 0.3 per cent higher each at the time of writing this report.
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India's economy grew by 6.1 per cent in the January-March quarter of 2022-23, pushing the annual growth rate to 7.2 per cent on account of better performance by agriculture, manufacturing, mining and construction sectors
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Dividend payout is significantly higher than the amount estimated in the Union Budget 2023-24 from the central bank
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Rate hike comes as a warning to the government that the economy is still not entirely out of the woods.
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The meeting was called on Thursday under Section 45ZN of the Reserve Bank of India (RBI) Act 1934, which pertains to steps to be taken if the central bank fails to meet its inflation-targeting mandate.
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New Delhi: After touching an all-time low and psychologically crucial level of 80 per US dollar last week, the Indian currency rupee traded largely steady on Monday. At the time of writing this report, the rupee traded at 79.82, data showed. An elevated risk appetite in the domestic financial markets and softening of crude oil […]
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New Delhi: India’s inflation is expected to ease gradually in the second half of the current financial year 2022-23, “precluding the chances of a hard landing” monetary policy actions, said the Reserve Bank of India Governor, Shaktikanta Das. The central bank Governor made the remarks at the ongoing Kautilya Economic Conclave, organized by the Institute […]
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By B Yerram Raju I saw the film RRR and wondered how I should title this article on Asset Quality Review (AQR) undertaken by Raghuram Rajan Reforms (RRR) in the banking sector during his regime as Governor. The Economic Survey 2020-21 while criticising the AQR’s inability to prevent the evergreening of loans in the name […]
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The Reserve Bank of India’s decision to raise the repo rate — for the second time in over a month — by 50 basis points sends a message that the central bank is focused more on taming runaway inflation. However, the move is expected to hurt economic recovery as home and vehicle loans are set […]
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Mumbai: The Reserve Bank of India will soon come out with regulatory architecture for digital lending platforms, many of which are unauthorised and illegal, Governor Shaktikanta Das said on Thursday. There have been increasing cases of alleged suicides of borrowers due to harassment by a few of the operators of digital lending apps. “I think […]
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By B Yerram Raju Several economists, in the wake of the Russia-Ukraine war and the rise in global inflation index, have been talking of recession. It is important to understand the meaning of recession. It occurs when there is a contraction of demand for goods and services consecutively for two quarters; employment falls precipitously; consumption […]
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Besides, inflation projection for 2021-22 is retained at 5.3 per cent, with Q4FY22 at 5.7 per cent on account of unfavourable base effects that are expected to ease subsequently.
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This is the tenth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo.
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Mumbai: The Reserve Bank of India (RBI) on Wednesday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance in the backdrop of concerns over the emergence of the new coronavirus variant Omicron. This is the ninth time in a row that the Monetary Policy Committee (MPC) […]
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With the Reserve Bank of India (RBI) taking a rather tough stand on cryptocurrencies, a question mark hangs over the fate of the unregulated virtual currency market. When RBI Governor Shaktikanta Das dubbed the cryptocurrencies as a threat to the financial system, at least till they are regulated, he was echoing the concerns raised by […]
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Das was appointed the RBI's 25th governor on December 11, 2018, initially for a period of three years.
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He also said the financial system is on the front foot to aid recovery, but the priority is to maintain and preserve financial stability.
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The RBI had first come out with a circular on the issue in 2018, cautioning people about investing in cryptocurrencies, which do not have any sovereign character.
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The soaring NPAs, despite several interventions like Dispute Resolution Tribunals, Asset Reconstruction Companies and Insolvency and Bankruptcy Code, now get another pill