Search For "monetary"
RBI may face tougher path in Feb rate cut as Fed reshaped global monetary
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) may face a tougher path for cutting interest rates in February, according to a report by Angel One's Ionic Wealth.
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Indian stocks decline third straight day; US Fed policy in focus
Updated : 1 year, 2 months ago IST
Stock indices in India slumped for the third straight session on Wednesday, with investors closely waiting for the Federal Reserve monetary policy decision slated to be announced later today.
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Israel destroyed 93 per cent of bank branches in Gaza: World Bank
Updated : 1 year, 2 months ago IST
The World Bank reported that the Israeli war on the Gaza Strip has destroyed approximately 93 per cent of the branches of banks operating in the territory after 15 months of continuous conflict.
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Fitch revises down India's 2024-25 GDP forecast to 6.4%
Updated : 1 year, 3 months ago IST
The downward revision from the rating agency came soon after the Reserve Bank in its latest monetary policy cut growth forecast to 6.6 per cent from 7.2 per cent.
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SBI Research anticipates RBI repo rate cut in February policy meet
Updated : 1 year, 3 months ago IST
Reserve Bank is expected to cut repo rates in February 2025 and such a decision, it at all taken, is unlikely to be impacted by rupee's weakness against the dollar, asserted SBI Research in a report.
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RBI introduces podcast as tool for wider dissemination of useful informati
Updated : 1 year, 3 months ago IST
In latest move towards effective communication, Reserve Bank of India has decided to launch podcasts for wider dissemination of information that is of interest to the public.
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RBI Governor Shaktikanta Das meets FM Nirmala Sitharaman in Delhi
Updated : 1 year, 3 months ago IST
The meeting comes just days before Das' current term as RBI Governor ends, and a day after the monetary policy meeting.
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CRR cut by RBI expected to provide support to Net Interest Margins of bank
Updated : 1 year, 3 months ago IST
The Reserve Bank of India's (RBI) decision to cut the Cash Reserve Ratio (CRR) is expected to provide marginal support to the Net Interest Margins (NIMs) of banks, according to a report by Axis Securities.
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Industry welcomes CRR cut, anticipates rate cut to follow
Updated : 1 year, 3 months ago IST
The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 per cent for the 11th consecutive time, marking a continuation of its neutral monetary policy stance. The RBI downwardly revised GDP forecast for 2024-25 to 6.6 per cent from 7.2 per cent earlier.
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De-dollarisation not on agenda, only agreements for Vostro accounts with c
Updated : 1 year, 3 months ago IST
Responding to questions during the post-monetary policy press conference, the central bank governor said all that RBI has done is permit the opening of Vostro accounts to countries who wish to trade in local currency. This was a part of the de-risking of trade.
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RBI announces linking of pre-sanctioned credit lines with UPI to enhance f
Updated : 1 year, 3 months ago IST
The RBI proposed extending the scope of pre-sanctioned credit lines via the Unified Payments Interface (UPI) to Small Finance Banks (SFBs).
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RBI cuts CRR by 50bps to infuse Rs 1.15 lakh crore in the banking system
Updated : 1 year, 3 months ago IST
By this, 1.15 lac crore liquidity will be infused into the backing system. Governor Das outlined the inflation projections for FY24-25, pegging Consumer Price Index (CPI) inflation at 4.8 per cent. Quarter-wise, inflation is forecasted at 5.7 per cent for Q3 and 4.5 per cent for Q4. For F
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