The Reserve Bank on Thursday said it has been decided not to activate countercyclical capital buffer (CCyB) at this point as it is not required. The framework on the countercyclical capital buffer (CCyB) was put in place by the Reserve Bank of India (RBI) in terms of guidelines in February 2015 wherein, it was advised … Read more
Taper is behind, but tightening is ahead. That is a subtle one-liner that captures what to expect from the US Federal Reserve going forward. On taper, the US Fed stuck to its schedule. It began the program in early January and quickly finished it by winding down new bond purchases to zero by end of … Read more
Chief Economic Adviser, KV Subramanian, argues why economic fallout of a third wave, if it strikes, will be marginal, also adding that if there had been no second wave, the Q1 growth rate would have been close to 30%. Here are the excerpts of a free-wheeling interview with Shantanu Nandan Sharma: Q1 GDP number has … Read more
By Lav Chaturvedi In the financial year 2020-21, the nine-month period between July 2020 and March 2021 (9MFY21), was the most challenging time for almost every industry. The prolonged phase of lockdown that was enforced to contain the coronavirus pandemic came as a serious setback for them. Ironically, for the broking industry, this period was … Read more
A news report published in this paper on Wednesday stated, ‘The Reserve Bank of India’s loan restructuring plan would be a success this time as it comes with a specific time frame and there is very little scope for misuse by either corporates or banks, said KV Kamath.Alas. What the veteran banker left unsaid is … Read more