Search For "monetary"
Expect repo rate cut only in October RBI policy meeting: SBI Research
Updated : 1 year, 9 months ago IST
The report, authored by Soumya Kanti Ghosh, SBI's Group Chief Economic Adviser, expects first repo rate cut in October meeting. The repo rate is the rate of interest at which the RBI lends to other banks.
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Upward GDP projection and no change in interest rates welcomed by industry
Updated : 1 year, 9 months ago IST
Industry leaders and economists widely accepted RBI's monetary policy stand of no change in interest rates. Besides upward projection of GDP growth for FY25 from 7 per cent to 7.2 per cent is welcomed by the Industry.
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Sensex touches all-time high, Nifty up 2 per cent on announcement of PM Mo
Updated : 1 year, 9 months ago IST
Indian markets continued their upward trend and Sensex touched all-time high after the Reserve Bank of India (RBI) announced on Friday that it would keep policy rates unchanged at 6.5 percent and Narendra Modi will again take oath of Prime Minister of India.
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"Elephant is walking slowly, but we are watchful" says RBI Governor on Inf
Updated : 1 year, 9 months ago IST
"The elephant (Inflation) is walking very slowly, and we are watchful about this. It is around 4.9 per cent, 4.8 per cent and earlier it was 5 per cent. Our target is 4 per cent for inflation and we hope it goes the soon and most importantly it should stay there," said Das.
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RBI says India's banking sector is sound and resilient, Gross NPA is below
Updated : 1 year, 9 months ago IST
India's banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday.
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RBI announces digital payments intelligence platform to check online fraud
Updated : 1 year, 9 months ago IST
This platform, leveraging advanced technologies, aims to mitigate payment fraud risks and enhance the safety of digital transactions.
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RBI revises GDP growth for FY25 to 7.2 pc, inflation target remains at 4.5
Updated : 1 year, 9 months ago IST
The RBI has revised the GDP forecast for the current FY 24-25 to 7.2 per cent from 7 per cent earlier, and the CPI inflation is projected at 4.5 per cent.
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RBI enhances contingent reserve buffer to 6.5 pc amid positive economic ou
Updated : 1 year, 9 months ago IST
Governor Das addressed by referencing the provisional estimates released by the National Statistical Office (NSO), which placed India's real gross domestic product (GDP) growth at an impressive 8.2 per cent for the fiscal year 2023-24.
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RBI Governor Shaktikanta Das unveils monetary policy: Repo rate unchanged
Updated : 1 year, 9 months ago IST
The RBI's Monetary Policy Committee (MPC) maintained the status quo on the Repo Rate, keeping it unchanged at 6.5 per cent. The decision comes amidst a backdrop of economic uncertainties both domestically and globally.
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RBI Governor Shaktikanta Das to announce monetary policy amid inflation co
Updated : 1 year, 9 months ago IST
The Monetary Policy Committee (MPC), chaired by Governor Das, has been convening in Mumbai this week to deliberate on key policy decisions amidst a challenging economic landscape.
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European Central Bank cuts key interest rates, first since 2019
Updated : 1 year, 9 months ago IST
The European Central Bank (ECB) cut the key interest rates for the first time in five years on Thursday. It reduced three key policy rates by 25 basis points (100 basis points is equal to 1 percentage point).
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RBI MPC meets amid concerns of inflation, rate cut unlikely say economists
Updated : 1 year, 9 months ago IST
The Reserve Bank of India (RBI) is unlikely to reduce the benchmark interest rate in its upcoming monetary policy review meeting. The meeting, chaired by Reserve Bank Governor Shaktikanta Das, is underway in Mumbai
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