RBI proposal a departure from current norms under Fema
The Reserve Bank of India on Monday notified the enhancement of collateral free loans to self-help groups (SHGs) from Rs 10 lakh to Rs 20 lakh under DAY-NRLM
Says it has developed a credit assessment tool for supporting the sector in getting accurate income assessments
Report of committee headed by ex-RBI deputy governor may be submitted in a fortnight
The central bank digital currency will neither substitute nor compete with cryptocurrency; it's just a wallet. Period
RBI's position is still fraught with risks
The latest survey came as the RBI's Monetary Policy Committee kept interest rates unchanged at a record-low
The RBI governor defended his protracted rate pause and lengthy accommodative stance as a compulsion brought by the pandemic
The Reserve Bank of India (RBI) on Friday kept the key policy rates unchanged but signalled a shift towards policy normalisation.
The Governor clearly stated that the RBI remains in 'whatever it takes' mode, referring to the desire to support the fledgling recovery
In an interview with Business Standard, RBI governor, Shaktikanta Das, had said that CBDC is something that has implications on monetary and overall savings
While it termed current inflation as transitory, MPC also expects it to edge up to near-6% levels towards 2021-22 end, highlighting stickiness of inflation in uneven economic recovery
RBI extended the on-tap targeted long term repo operations (TLTRO) scheme till December 31
Bankers said this move comes as a support to stressed firms from sectors like tourism, real estate, hospitality and others hit badly by second wave
Gold reserves were up by USD 760 million to USD 37.644 billion in the reporting week, the data showed.
Abheek Barua, Chief Economist of HDFC Bank, said the RBI has continued with its line of supporting growth despite the recent spikes in inflation.
Overall RBI monetary policy was on expected lines and the policy statement highlighted its commitment to do whatever it takes to ensure financial stability
The temporary supply shocks that have led to higher inflation has been kept aside by the MPC while focusing on growth
As focus remains more on fixing a fickle economy than on controlling stubborn price pressures, the Street is factoring-in a status quo on repo rate and 'accommodative' policy stance