All that happened in the markets today
Here are 10 key takeaways from the RBI governor's presser
RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones, he says
The issue of financial stability in monetary policy has always been an unsettled issue, ever since the global financial crisis
In his bid to fight the coronavirus (Covid-19) induced slowdown, the governor has made it clear that he doesn't want banks to park money with the RBI.
While efforts are being mounted on a war footing to arrest its spread, Covid-19 would impact economic activity in India directly through domestic lockdown, the central bank has said
In India, growth outlook over the next couple of quarters has become more uncertain on the prospects of a global recession and severe investor risk aversion.
RBI has the official mandate of keeping CPI inflation at 4 per cent, with a 2% band
To keep inflation under specified level, the government in 2016 had decided to set up MPC headed by RBI governor entrusted with the task of fixing the benchmark policy rate (repo rate)
While home finance can go for a longer period, and vehicle finance loans can reach seven years, analysts say five years is a good enough window for banks
RBI, in its statement said, LTRO conducted under the scheme will be in addition to the existing LAF and MSF
The RBI kept policy rates steady for a second straight meeting, but left the option open for further easing
The thrust of RBI's announcements was towards altering the liquidity and macro-prudential frameworks to ensure better monetary policy transmission
CPI projection revised upwards to 5.4-5.0% for H1FY21 from 4-3.8% in December policy
Indiabulls Housing Finance, Shriram Transport Finance, LIC Housing Finance, L&T Finance Holdings, RBL Bank and PNB Housing Finance were up in the range of 4 per cent to 9 per cent on the NSE
Following the November print of 5.54%, RBI had sprung a surprise and opted to hold the repo rate at 5.15 per cent. It, however, continued with the accommodative stance as long as it was necessary.
While speaking on the monetary policy-related aspects, Roubini also flagged up the issue of RBI autonomy
Assessment of frauds have taken a shorter time because banks have the systems in place, says Rajesh Mirjankar
The BoM will be constituted by the Board of Directors (BoD) of the UCBs concerned within one year, the RBI said
The lender investing more than Rs 10 lakh across P2P platforms will produce a certificate to P2P platforms from a practising Chartered Accountant certifying minimum net-worth of Rs 50 lakh