This comes close on the heels of the merger of the State Bank of India, on April 1, 2017, with five subsidiary banks. The government’s
Category: RBI–Banks
Supreme Court does well on Essar Steel bids – Here is why – The Financial Express
Though the resolution process for Essar Steel’s NPAs has been dragging for more than a year against the allowed 180 days—with an extension of another
Why rupee loses more than currencies of nations with slower growth | Business Standard Column
Economic theory tells us that a country’s currency becomes more expensive (ie, it rises relative to other currencies) as its productivity level rises relative to others. The
Govt seeks immunity for new IL&FS board from civil, criminal proceedings | Business Standard News
The government has sought immunity for the new board of Infrastructure Leasing & Financial Services (IL&FS) from any civil or criminal proceedings for decisions and
RBI keeps policy rates unchanged, shifts stance to ‘calibrated tightening’ | Business Standard News
The Reserve Bank of India (RBI) on Friday surprised the markets by keeping the policy rates unchanged even as it shifted its stance to “calibrated tightening”. The
RBI surprises with status quo on key rates, less concern on currency | Business Standard News
The RBI has sprung a surprise by not altering the interest rates or lowering the cash reserve ratio (CRR) at a time when inflation appears to be
RBI policy review: MPC surprises but stance indicates future hikes | Business Standard Column
The Monetary Policy Committee (MPC) sprang a surprise by keeping the repo rate unchanged even as it changed its stance to “calibrated tightening”. In justification
Rupee is still better than its emerging market peers: Urjit Patel – The Hindu BusinessLine
On a day the rupee breached the 74-mark against the US dollar for the first time, RBI Governor Urjit Patel said Friday that the domestic
Centre moves NCLT seeking protection for new IL&FS board – The Hindu BusinessLine
In a bid to protect the new board overseeing the turnaround plan for IL&FS, the Ministry of Corporate Affairs has sought relief from the National
RBI keeps rates unchanged, shifts stance to ‘calibrated tightening’ – The Hindu BusinessLine
In a surprise decision, the Reserve Bank of India’s rate setting Monetary Policy Committee (MPC) voted to keep the benchmark policy rate on hold on
RBI seen raising rates again as rupee slide accelerates – The Hindu BusinessLine
The Reserve Bank of India (RBI) is expected to raise rates for a third time since June on Friday to combat inflationary pressures as it
No lifeline – The Hindu BusinessLine
The MPC’s decision is pragmatic, but the RBI’s sanguinity on external risks is worrying Roiled by a perfect storm of events lately — firming oil,
Surgical strike – The Hindu BusinessLine
The new IL&FS board must focus on containing systemic risks, and not on a rescue package Desperate times call for desperate measures. Therefore, the Centre’s
Flexible inflation mandate vindicated – The Hindu BusinessLine
The Monetary Policy Committee of the RBI needs to be congratulated for taking a timely and appropriate decision to keep rates unchanged, something that surprised
In choppy waters – The Hindu BusinessLine
The monetary policy panel needs to address growing economic turbulence India’s monetary policymakers are faced with the task of restoring confidence in the economy and
Bankers taken by surprise – The Hindu BusinessLine
The Reserve Bank of India’s decision to leave the repo rate unchanged was seen as a surprise move by bankers who believe that it will
Why the market is unhappy with RBI’s move – The Hindu BusinessLine
While the RBI unexpectedly handed the markets a sweet deal by holding rates, equity, bond and currency markets remained surprisingly displeased. The RBI’s narrow focus
RBI governor: Our job is not to rein in rupee, but to curb volatility – Times of India
Highlights The governor said the mandate of RBI monetary policy was to target inflation while its forex operation only sought to eliminate volatility The depreciation
Stay on target: RBI surprises by not raising interest rates
Reserve Bank of India retained its policy interest rate at 6.5% yesterday, making it an outlier among Asian central banks facing similar challenges. There is
Scalding oil, sliding rupee | The Indian Express
Except for the US, most economies of the world are in crisis mode. Policy makers will be judged by how they respond to essentially, for
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