“Our priority is to remain watchful and take coordinated action to revive growth, and maintain macroeconomic, financial and price stability,” Das said. India’s central bank
Category: RBI–Banks
RBI rate cut: Who says rate moves need to be 25bps? Not RBI Guv Shaktikanta Das – The Economic Times
By Vrishti Beniwal Reserve Bank of India Governor Shaktikanta Das has an “out of the box” suggestion: central banks need to be more flexible on the size
RBI Feb 12 circular: Why IBA wants ‘one-day default’ rule scrapped – The Financial Express
By Mitali Salian Banks have suggested the ‘one-day default’ rule be done away with recommending instead they be given 30 days post a default to
RBI should not cut its policy interest rate any further, says IMF | Business Standard News
The Reserve Bank of India (RBI) should not cut its policy interest rate any further, the International Monetary Fund (IMF) has said. It should, instead, keep the
SBI and PAISALO to enable MSME segment with income generation loans – The Economic Times
PAISALO Digital Limited is a systemically important non-deposit taking NBFC registered with the Reserve Bank of India and has been in operations since 1992. With a vision of empowering the
RBI: RBI’s still the headmaster of the class of defaulters – The Economic Times
Of course, there are power companies that are beyond revival because of inherent flaws and unviable funding structures. So much has happened, but so little
Govt to study the impact of SC ruling on bad loans cases – The Financial Express
Srinivas said the relevant part of the RBI circular, which says that if the resolution does not take place within 180 days, banks have no
India’s crony capitalism claims another victim | Business Standard News
The verdict is a serious blow to the central bank’s officials, who have been trying to tackle one of the world’s worst bad debt problems
‘PSB recapitalisation and resolution of stressed assets under IBC to improve bank credit offtake’ – MONEY & BANKING – The Hindu BusinessLine
Recapitalisation of public sector banks (PSBs), the ongoing improvement in their financials, and resolution of stressed assets under the Insolvency and Bankruptcy Code are expected
RBI should introspect if it was responsible for slowdown of India’s economic growth: Piyush Goyal – The Economic Times
India’s railways and coal minister Piyush Goyal said the country’s central bank should review its policies and “introspect” to check if they contributed to the slowdown of
SC quashing Reserve Bank circular not to dilute the insolvency law, says government official – The Economic Times
The Supreme Court’s decision to quash the RBI circular on referring defaulting companies for insolvency proceedings does not in any manner dilute the Insolvency and Bankruptcy Code
Tackle Rigidities in Credit Markets–Economic Times
The central bank has chosen not to throw any surprise, cutting the repo rate by 25 basis points, and maintaining a neutral policy stance. However,
MSME: Overall credit growth not broad-based, to MSMEs it’s muted: Shaktikanta Das–Economic Times
Even though the headline credit demand is growing at a healthy 14 percent, Reserve Bank governor Shaktikanta Das Thursday said it is not broad-based while those to MSMEs have
CEA Subramanian on Feb 12 circular: Govt, RBI can fix issue; don’t think IBC needs changes – The Financial Express
Even as Supreme Court struck down RBI’s February 12 circular, Chief Economic Advisor (CEA) Krishnamurthy Subramanian said that the issue can be fixed as RBI and
A cut to grow | Business Standard Editorials
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has delivered its second consecutive rate cut of 25 basis points each. The broad message in the
RBI policy: Low inflation and growth are the two key messages from RBI | Business Standard News
The first credit policy for the year is significant not so much for the expected rate cut but the modest assumption on growth in the coming year.
A rate cut for the second consecutive time was on expected lines – The Hindu BusinessLine
With a new Governor at the helm of the Reserve Bank, it was only to be expected that the six-member Monetary Policy Committee would veer
MSME sector: Current NPA norms are absurd, highly counterproductive: Animesh Saxena, FISME President – The Economic Times
Exporters find it very difficult to enter into forward contracts due to prevailing uncertainty over the fate of MEIS scheme. Employing 40% of country’s workforce,
RBI’s challenges | Business Standard Editorials
The main takeaway from the last monetary policy review of the Reserve Bank of India in February was a growing realignment between the financial stability concerns of the central
Junk Route to Active Corporate Bond Market–Economic Times
The lack of guidelines for investment in lower-rated bonds continues to hamper corporate bond market development in India. Sebi’s recent circular, however, has streamlined valuation
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