HNI participation may be gradual; mutual funds see little impact on fund flows
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said demand in the economy has moved from being of pent-up nature to actual one, and the momentum is likely to sustain.
Das exuded confidence of the Reserve Bank being able to manage the high quantum of government borrowings for the next fiscal in a 'non-disruptive' manner
This would indicate that the Reserve Bank is moving towards a new equilibrium for yields, something Governor Shaktikanta Das considers as a "public good"
The broader markets, however, came under selling pressure. The S&P BSE MidCap and SmallCap indices ended 0.93 per cent and 0.28 per cent lower, respectively
RBI has done exceptionally well in managing government's extended borrowing this year when fiscal deficit has shot-up to 9.5 per cent of GDP
The MPC meet outcome is neutral to different sectors. Although some sectors were eyeing for cut in rates, this was impractical going by the large spend envisaged by the Budget
Das said three investors have submitted their offers for reconstruction of crisis-ridden Punjab and Maharashtra Co-operative (PMC) Bank and evaluation for those are underway
This is the fourth time in a row that MPC has decided to keep the policy rate unchanged at 4%. The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned for all the LIVE updates
There are dedicated ombudsman schemes devoted to consumer grievance redressal in banking, non-bank finance companies and digital transactions, respectively, at present
The capital conservation buffer ensures that banks have an additional layer of usable capital that can be drawn down when losses are incurred
The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week
The other signals expected from the policy related to the rollback of measures announced during the pandemic
Projection for CPI-based inflation revised to 5.2% for Q4 of FY21, for H1 of FY22 at 5% to 5.2%, and for Q3 of FY22 at 4.3%