Bank stocks rallied up to 2% on Friday after the Reserve Bank of India (RBI) slashed the cash reserve ratio (CRR) by 50 basis points to 4%. The measure will ease liquidity stress by releasing Rs 1.16 lakh crore in the banking system. Among the PSU bank stocks, UCO Bank led the rally, rising 2.8% … Read more
FD rates: Ahead of the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee’s (MPC) meeting this week, some of the public and private banks have revised their fixed deposit rates. The Repo Rate established by the Reserve Bank of India (RBI) plays a significant role in influencing Fixed Deposit (FD) rates. It dictates the … Read more
The government needs to expedite its work on revised CPI and may help the RBI manage inflation expectations better as the published indices are in divergences with market prices as the current consumer price index- CPI base of 2012. The current indices are derived from the consumption expenditure survey (CES) conducted during 2011-2012, long before … Read more
In June 2022, when Dalal Street witnessed a significant bear-run as stock market indices – Sensex and Nifty – reached their 52-week lows and foreign portfolio investors continued their selling spree, Finance Minister Nirmala Sitharaman dubbed India’s retail investors as ‘shock absorbers.’ In the Data Point published on December 29, 2022, The Hindu explained how … Read more
The November inflation print of 5.88 per cent provides impetus to end the rate hike cycle, economists at the country’s largest lender SBI said on Monday. This came hours after official data showed that consumer price index (CPI) based inflation cooled to 5.88 per cent in November, the first time that it has come within … Read more
RBI Governor Shaktikanta Das heads into his second term with increasing pressure to pivot back toward battling inflation and winding down his crisis-era policy settings. Having kept the main interest rates steady on Wednesday, Das starts his next three-year term Dec. 11 with some in the bank already calling for unwinding the ultra-loose policies. One … Read more
The Reserve Bank of India (RBI) will open the fourth cohort under the Regulatory Sandbox (RS) on prevention and mitigation of financial frauds, governor Shaktikanta Das said. The central bank has so far introduced three cohorts. Six entities have successfully exited the first Cohort on ‘Retail Payments’ while under the second Cohort on ‘Cross Border … Read more
India Inc on Friday said it is looking forward to a repo rate cut in future as cost of funds has to come down in coming times, and expects continuation of accommodative policy stance by the Reserve Bank of India (RBI). The RBI decided to leave the benchmark interest rate unchanged at 4 per cent … Read more