Category: RBI–Banks
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
What works in central banking? Striking a balance between talk and action
Clipped from: https://www.business-standard.com/opinion/columns/what-works-in-central-banking-striking-a-balance-between-talk-and-action-125061500754_1.html The latest monetary policy has also gone for a 50-basis-point rate cut, double the anticipated reduction As the dust is settling down on
RBI makes it easier to access, reactivate dormant accounts, deposits | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rbi-makes-it-easier-to-access-reactivate-dormant-accounts-deposits-125061300531_1.html Customers can update KYC through video, at any bank branch, or with the assistance of business correspondents. RBI’s new dormant account guidelines. RBI,
RBI makes KYC easier: Banks must send three reminders before account freeze | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rbi-makes-kyc-easier-banks-must-send-three-reminders-before-account-freeze-125061300267_1.html Banks must give written reminders before KYC deadline, says RBI RBI Listen to This Article In a move aimed at strengthening consumer protection
*******Rate cuts alone won’t revive growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rate-cuts-alone-wont-revive-growth/article69692053.ece Measures to stimulate demand like tax breaks for consumers, infra spending and support for MSMEs can be considered Need to revive demand |
Reduce unclaimed assets: FM Sitharaman to financial sector regulators | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/sitharaman-urges-fin-sector-regulators-to-cut-unclaimed-assets-125061001194_1.html At the 29th FSDC meeting, FM Nirmala Sitharaman pushed for swift return of unclaimed financial assets and called for simplified, unified KYC norms
*******Savings a/c returns drop post RBI rate cut: Where to park your idle ₹1 lakh | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/savings-a-c-returns-drop-post-rbi-rate-cut-where-to-park-your-idle-1-lakh-125061100288_1.html With savings account interest rates dropping post-RBI rate cut, moving idle money to liquid funds can offer better returns with minimal risk and
*******MPC pulls out all stops to support growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/mpc-pulls-out-all-stops-to-support-growth/article69665421.ece The policy action points to a remarkable, new-found confidence in India’s fundamentals and external account The neutral stance allows the MPC to be
*******The RBI frontloads a dream – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/the-rbi-frontloads-a-dream/article69665883.ece MPC goes for an aggressive 50 bps rate cut to support consumption and growth RBI Governor Sanjay Malhotra at the post-monetary policy press
RBI cuts repo rate by 50 bps: See how much you’ll save on EMIs for a 20-year Rs 50 lakh home loan — full calculation inside – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/rbis-50-bps-repo-rate-cut-check-how-much-your-emi-will-drop-on-a-rs-50-lakh-home-loan-over-20-years-full-calculation-3870472/ The Reserve Bank of India (RBI) on Friday cut the repo rate by 50 basis points (0.50%). This is the third consecutive time
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