Apex bank also does away with requirement of escrow accounts run by a bank-promoted trustee for transfer of funds
'We expect a gradual recovery in income growth right into the second half of next year', said Das
Says forces driving up inflation 'appear to be transient'
The RBI on Thursday kept repo rate unchanged at the current 5.15% level but revised GDP growth projection for the current financial year 2019-20 to 5%
The problems with the NSSO survey, now a part of the CSO, is that it has failed to keep pace with the changing times
In the concluding part of the series, the author argues that a government with the courage to abrogate Article 370 must not shy away from the banking reform required
The RBI panel's advice to limit CIC to two levels is another reform for better financing arrangement
The central bank is likely to cut repo rate for the fifth time in a row
The Governor has already hinted that the benign inflation provides room for further monetary policy easing while space for fiscal space is limited
According to experts, a dual regulation by the state and RBI is what's hurting the sector, as it leads to undue political intervention
If a fintech firm requires interface with a core banking system for example, a real-time and scaleable model of it will be made available
The RBI on August 7 had reduced the benchmark lending rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy
CPI-based inflation for first half of the next fiscal, beginning April 2020, has been projected at 3.6 per cent
The RBI has lowered interest rates to a nine-year low, but that impact is yet to be felt due to tardy monetary policy transmission and subdued demand for loans
After back-to-back rate cuts, RBI could pause in the October policy but then deliver a 25-bp rate cut in the December policy after July-September GDP data are out in November-end
The general government debt of AEs as a group has surpassed 100 per cent of gross domestic product (GDP), whereas the fiscal space is also constrained in many of these countries
They are going to cut rates in August and again later, mainly due to low growth and weak inflation, said an economist
GDP growth rate for FY 2020 has been lowered to 7.2 per cent in benign inflation scenario.
The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will announce the resolution of the meeting at around noon on Thursday
Headed by RBI Governor Shaktikanta Das, the committee also includes two representatives from the central bank and three external members