“Very hard for companies to take a call on where to build capacity, how to build capacity when you have got so many moving parts,” says Vetri Subramaniam, CIO, UTI AMC.When there is madness in the market, he will always come out and say market mein kuch change nahi hota hai. Madness and fear is … Read more
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) begins its three-day meeting today. The six-member panel, led by Governor Shaktikanta Das, will review the economic conditions and decide on the repo rate, the rate at which the RBI lends money to commercial banks. The decisions will be announced on December 6 at 10 … Read more
“I think that way there is a slight set of headwinds. But I feel given the criteria that RBI seems to be talking about from MFIs and from NBFCs that are lending to retail whether cutting down on usurious loans being made through say digital channels or something like that, there is a potential that … Read more
“Only one surprise which has come out is that the inflation numbers for Q3 is likely to be higher than the earlier projected, that is something a little different, looks like because of that assessment only they did not go in for a rate cut despite the last two numbers having been below Reserve Bank’s … Read more
Mumbai: Temporary food shocks, fiscal consolidation and high real interest rates have created the scope for reduction in policy interest rates, said external members of the Monetary Policy Committee, but those from the Reserve Bank of India (RBI) believe that the markets are running ahead of policy makers. Prof. J.R. Varma, who voted for a … Read more
To keep track of fast-evolving fintech companies, the Reserve Bank of India (RBI) has proposed establishing a fintech repository to facilitate the sharing of relevant information. This comes amid a surge in retail lending in the country, driven by the increasing popularity of digital loans as more consumers seek multiple credit products within a short … Read more
New Delhi: The Indian economy likely expected 6.7% in the July-September quarter, according to a median forecast of 10 economists polled by ET, boosted by a strong performance by the services sector. The Reserve Bank of India (RBI) has forecast 6.5% growth in the quarter. Robust manufacturing and construction activity also likely contributed to growth … Read more
In the recently concluded meeting of the Monetary Policy Committee, chaired by Reserve Bank of India Governor Shaktikanta Das, the panel unanimously decided to keep the repo rate- the key lending rate- unchanged at 6.5 per cent for the fourth time in a row, also leaving its policy stance unchanged with focus on withdrawal of … Read more
Kolkata: After the Pronam app and the Pronam call centre, Kolkata Police on Tuesday launched the Medical Privilege Card (MPC) Project whereby senior citizens will be provided QR code-enabled smart cards. This card is supposed to carry all details of the health of each individual Pronam member. Gradually, the project will also cover senior citizens. … Read more
Retail inflation at a 18-month low may be comforting for investors, but the central bank’s MPC when it meets in June will have its plate full – the sudden reversal by the Australian central bank, an unlikely softening by the Fed and domestic farm prices. Driven largely by base effect, headline retail CPI inflation is … Read more