Category: RBI–Banks
RBI forex reserves to shield India from turmoil, MPC member says – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/rbi-forex-reserves-to-shield-india-from-turmoil-mpc-member-says/article69726932.ece Ram Singh, an external member of the monetary policy committee with the RBI, said that he expects the country’s foreign-exchange buffer to help
*******Neutral stance gives flexibility to move up or down: Nagesh Kumar | Economy Interviews – Business Standard
Clipped from: https://www.business-standard.com/economy/interviews/neutral-stance-provides-flexibility-to-move-up-or-down-125062200521_1.html Nagesh Kumar, external member of the Reserve Bank of India’s (RBI’s) monetary policy committee Listen to This Article Nagesh Kumar, an external member
*******Good show by banks as most register a rise in profit, but challenges ahead | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/good-show-by-banks-as-most-register-a-rise-in-profit-but-challenges-ahead-125062200482_1.html Overall, public sector banks have put up a better show than private banks on most parameters Lower NPAs and higher provision coverage denote
*******Policy easing call this cycle to be more data-dependent: MPC member Saugata | Economy Interviews – Business Standard
Clipped from: https://www.business-standard.com/economy/interviews/policy-easing-call-this-cycle-to-be-more-data-dependent-125062200700_1.html This (West Asia conflict) is just one of the sources of uncertainty, albeit the 800 pound gorilla at the moment Saugata Bhattacharya, Member
*******There is nothing in MPC statement to suggest rate hikes are next: Ram Singh
Clipped from: https://www.business-standard.com/economy/interviews/there-is-nothing-in-mpc-statement-to-suggest-rate-hikes-are-next-125062200523_1.html Ram Singh said lower inflation print than the forecast will strengthen the case for a rate cut Ram Singh, Member of Reserve Bank
RBI deepens scrutiny of bank board meetings and governance practices | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/rbi-deepens-scrutiny-of-bank-board-meetings-and-governance-practices-125062300004_1.html The central bank’s message (through SSMs) is clear: Mere box-ticking will not suffice In the immediate aftermath of the derivatives mess at IndusInd
*****Bank locker customers urged to secure their rights, sign new agreement | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/bank-locker-customers-urged-to-secure-their-rights-sign-new-agreement-125061800804_1.html Many still haven’t signed revised agreements complying with RBI guidelines that were announced in Aug 2021 RBI issues new rules of bank lockers
Banks in need of better security as payment frauds triple in value | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/banks-in-need-of-better-security-as-payment-frauds-triple-in-value-125061700120_1.html According to the central bank’s latest annual report, more than half of frauds took place in digital or card-based transactions, even though they
Techfino raises ₹65 crore to expand MSME lending in smaller cities
Clipped from: https://www.business-standard.com/companies/news/techfino-raises-rs-65-crore-to-expand-msme-lending-in-small-towns-125061701053_1.html Techfino to use fresh funding from Stellaris and Saison Capital to scale secured loans, expand branches, and boost tech-led lending in underserved MSME
Policy space and stance: Inflation outlook will guide MPC’s actions
Clipped from: https://www.business-standard.com/opinion/editorial/policy-space-and-stance-inflation-outlook-will-guide-mpc-s-actions-125061701269_1.html It is important to understand the rationale behind the MPC’s decision to reduce the policy rate by 50 basis points, as against the
Rate cuts done, but monetary transmission must improve – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rate-cuts-done-but-monetary-transmission-must-improve/article69697296.ece Studies show that monetary policy actions in India take two to three quarters to impact output, with a partial pass-through of rate cuts
RBI repo rate cuts alone can’t shift India’s economic growth gear
Clipped from: https://www.business-standard.com/opinion/columns/rbi-repo-rate-cuts-alone-can-t-shift-india-s-economic-growth-gear-125061500692_1.html Clearly, it is not for the RBI and its monetary policy committee (MPC) to fix any of these deep structural issues and magically
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