The monetary policy stance is expected to remain accommodative for most of 2021, until a dramatic improvement in vaccine coverage quells uncertainty regarding the growth outlook
RBI Monetary policy highlights: Governor Shaktikanta Das announced decisions on key rates after the MPC concluded its three-day meeting today. Stay tuned for all the LIVE updates
Monetary policy committee's decisions show there is slim chance of repo rate being increased in near future
Expects minimum Rs 1 trn of G-SAP in 2nd quarter, sees it rising to Rs 1.25 trn to keep yields soft
Monetary Policy Committee expected to hold rates and continue with an accommodative stance to encourage growth
As India's early-stage recovery has been derailed by the second wave, the MPC will continue to focus on growth and maintain the status quo on policy rates and liquidity stance
Central bank goes beyond saying that its April circular banning virtual currencies is no longer valid.
Banks, however, must run a checklist of local laws before providing such services, says central bank
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The two largest banks of India feared that such a directive could be detrimental to their business operations and compromise the confidentiality of customer information
Apex bank's Rs 99,122 cr dividend supports the Centre's fiscal rescue plan, obviates need to ramp up borrowings for now
In declared secondary market operations, through G-SAP or OMOs, the RBI has purchased Rs 41,451 crore of the 10-year paper, out of the outstanding stock of Rs 91,270 crore
The share of Rs 2,000 notes, however, has been declining both in value and volume terms.
'The widening gap between stretched asset prices relative to prospects for recovery in real economic activity emerged as a global policy concern,' RBI said in a note
But lenders need to prepare for higher provisioning, monitor asset quality, says RBI
The size of the Reserve Bank's balance sheet, which is reflective of activities carried out by it in pursuance of currency issue function as well as monetary policy
In April, the six-member monetary policy committee had voted unanimously for a status quo on the key rates
The PSB chiefs, who met Das last week on the same issue, demanded a second recast option for those already restructured last year
NCLAT clarified that such appeals should not come in the way of the NCLT deciding on the approval of the resolution plan given by the Piramal Group which has already been approved by the lenders.