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Congratulations RBI Governor Shri Shaktikanta Das for being rated ``A+`` in the Global Finance Central Banker Report Cards 2023. Shri Das has been placed at the top of the list of three central bank governors who have been rated A+.
Congratulations RBI Governor Shri Shaktikanta Das for being rated ``A+`` in the Global Finance Central Banker Report Cards 2023.
Congratulations RBI Governor Shri Shaktikanta Das for being rated ``A+`` in the Global Finance Central Banker Report Cards 2023.
Source: Investmentguruindia
2/09/2023 9:45:20 AM
RBI Governor underlines need for strengthening of governance standards Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday emphasised on strengthening governance standards. Addressing a meeting of managing directors and chiefs of select non-banking finance companies (NBFCs) and housing finance companies (HFCs), Das said that governance standards and assurance mechanisms such as compliance, risk management and internal audit should be made stronger, reads a statement issued by the RBI.  In the meeting, which was held in Mumbai, ways to conta...
RBI Governor underlines need for strengthening of governance standards
RBI Governor underlines need for strengthening of governance standards
Source: IANS
26/08/2023 9:14:26 AM
Vegetable prices in India to decline from September, says Central Bank chief Vegetable prices in India have begun to soften and are likely to decline from September, Reserve Bank of India (RBI) Governor Shaktikanta Das said in a speech on Wednesday. Spiralling prices of vegetables and cereals have led retail inflation in July to surge 7.44%, its highest in 15 months. "We expect to see an appreciable slowdown in vegetable inflation from September," Das said. The outlook for cereal prices looks bright even though geopolitical tensions could hamper foo...
Vegetable prices in India to decline from September, says Central Bank chief
Vegetable prices in India to decline from September, says Central Bank chief
Source: Reuters
24/08/2023 9:57:33 AM
Lenders to communicate to borrowers on loan EMI reset: RBI Governor The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to bring in greater transparency in resetting of the interest rate on equated monthly instalments (EMI) for floating interest loans, Governor Shaktikanta Das said on Thursday. Announcing the decisions of the MPC, Das said: “It is proposed to put in place a transparent framework for reset of interest rates on floating interest loans. "The framework will require Regulated Entities to (i) clearly...
Lenders to communicate to borrowers on loan EMI reset: RBI Governor
Lenders to communicate to borrowers on loan EMI reset: RBI Governor
Source: IANS
10/08/2023 12:46:52 PM
NIrmala Sitharaman to chair G20 meet of finance ministers, central bank governors tomorrow Finance minister Nirmala Sitharaman on Sunday embarked on a visit to Gandhinagar to attend the third G20 Finance Ministers and Central Bank Governors (G20FMCBG) meetings, which is to be held under India's G20 presidency on July 17-18. On the sidelines of the G20FMCBG meetings, she will also participate in an Investor Dialogue Roundtable, a tax symposium, besides other bilateral engagements, including with Canada, Indonesia, US, European Commission and Asian Infrastructure Investment Ba...
NIrmala Sitharaman to chair G20 meet of finance ministers, central bank governors tomorrow
NIrmala Sitharaman to chair G20 meet of finance ministers, central bank governors tomorrow
Source: IANS
16/07/2023 2:17:33 PM
India, UAE ink MoUs to promote local currencies in cross-border trade With an aim to increase circulation of the rupee in the Gulf region, the Reserve Bank of India (RBI) has inked two memoranda of understandings (MoUs) with the Central Bank of UAE (CBUAE) in Abu Dhabi for establishing a Framework to Promote the Use of Local Currencies viz. the Indian rupee (INR) and the UAE Dirham (AED) for cross-border transactions; and cooperation for interlinking their payment and messaging systems. The two MoUs are aimed at facilitating seamless cross border transactions a...
India, UAE ink MoUs to promote local currencies in cross-border trade
India, UAE ink MoUs to promote local currencies in cross-border trade
Source: IANS
16/07/2023 9:03:17 AM
Union Finance Minister Nirmala Sitharaman, RBI Governor to co-chair G20 FMCBG meet in Gandhinagar Union Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das will jointly chair a meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG) on July 17-18 here, an official has said. These discussions are being held under India's presidency of the G20 which comprises 19 countries and the European Union.  The key gathering will witness the participation of 66 delegations from around the world, focusing on issues related to the g...
Union Finance Minister Nirmala Sitharaman, RBI Governor to co-chair G20 FMCBG meet in Gandhinagar
Union Finance Minister Nirmala Sitharaman, RBI Governor to co-chair G20 FMCBG meet in Gandhinagar
Source: IANS
14/07/2023 7:47:43 PM
Banks need to be extra careful, vigilant amid adverse global developments: RBI Governor Highlighting the good performance of the Indian banking system despite various adverse global developments, the Reserve Bank of India (RBI) Governor Shaktikanta Das has stressed that it is in times like these, banks need to be extra careful and vigilant. He also emphasized the need for MD & CEOs to pay special attention to strengthening the governance in the banks and focus on the tripod of banking stability consisting of compliance, risk management and audit functions.  The Gover...
Banks need to be extra careful, vigilant amid adverse global developments: RBI Governor
Banks need to be extra careful, vigilant amid adverse global developments: RBI Governor
Source: Accord Fintech
12/07/2023 1:26:03 PM
Indian lenders want central bank to conduct more overnight reverse repo auctions Several Indian banks said on Thursday the Reserve Bank of India (RBI) should continue with more overnight variable rate reverse repo auctions, despite its first such attempt seeing subscriptions of less than half the target amount of 1 trillion rupees. The RBI's overnight variable rate reverse repo, or VRRR - usually undertaken to withdraw excess liquidity - saw a subscription of only 390 billion rupees ($4.73 billion) earlier in the day. However, at least five banking officials sai...
Indian lenders want central bank to conduct more overnight reverse repo auctions
Indian lenders want central bank to conduct more overnight reverse repo auctions
Source: Reuters
6/07/2023 5:10:33 PM
Higher retail inflation has hit personal consumption expenditure: RBI bulletin The Reserve Bank of India (RBI) has said that higher retail inflation has impacted personal consumption expenditure. In its monthly bulletin for June 2023, released on Friday, it observed on the basis of national accounts data and corporate results, that rising retail inflation has slowed down personal consumption expenditure, which has resulted in scaling down of corporate sales and reduction in private investment towards capacity creation. Bringing down inflation and stabilising infla...
Higher retail inflation has hit personal consumption expenditure: RBI bulletin
Higher retail inflation has hit personal consumption expenditure: RBI bulletin
Source: IANS
24/06/2023 9:51:19 AM
Job of bringing back inflation within target band only half done: RBI Governor Reserve Bank of India (RBI) Governor Shaktikanta Das has said that bringing back inflation within the target band is like a job half done. He said ‘our fight against inflation is not yet over so we need to undertake forward-looking assessment of the evolving inflation-growth outlook and stand ready to act, if situation so warrants.’ It was for the second time in a row that the Monetary Policy Committee (MPC) headed by the Governor kept the short-term lending rate (repo) unchanged ...
Job of bringing back inflation within target band only half done: RBI Governor
Job of bringing back inflation within target band only half done: RBI Governor
Source: Accord Fintech
23/06/2023 11:22:43 AM
Disinflation process likely to be slow, protracted with convergence to inflation target: Shaktikanta Das The Reserve Bank of India (RBI) Governor Shaktikanta Das has said the disinflation process in India will be slow. He said ‘As per our current assessment, the disinflation process is likely to be slow and protracted with convergence to the inflation target of 4 per cent being achieved over the medium-term’. In remarks that came a day after official data suggested a cool-down in headline inflation to 4.25 per cent for May, Das said there have been signs of some softening in inflatio...
Disinflation process likely to be slow, protracted with convergence to inflation target: Shaktikanta Das
Disinflation process likely to be slow, protracted with convergence to inflation target: Shaktikanta Das
Source: Accord Fintech
14/06/2023 11:16:02 AM
India will be among fastest growing economies in 2023: RBI Governor Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday expressed confidence that India will be among fastest growing economies in the world in 2023 which would grow at the rate of 6.5 per cent in the current fiscal. "We expect real GDP to grow by 6.5 per cent during 2023-24. In all likelihood, India will remain among the fastest growing large economies in 2023," the RBI Governor said while delivering the opening plenary address at the Summer Meetings organised by Central...
India will be among fastest growing economies in 2023: RBI Governor
India will be among fastest growing economies in 2023: RBI Governor
Source: IANS
13/06/2023 7:34:26 PM
India`s disinflation process to be slow, protracted, says cenbank chief The disinflation process in India will be slow and protracted, with the 4% inflation target likely to be met only over the medium term, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. "The cumulative impact of our monetary policy actions over the last one year is still unfolding and yet to materialise fully," Das said in a speech at the Summer Meetings organised by Central Banking in London. "While our inflation projection for the current financial y...
India`s disinflation process to be slow, protracted, says cenbank chief
India`s disinflation process to be slow, protracted, says cenbank chief
Source: Reuters
13/06/2023 5:42:46 PM
Narendra Modi government committed to strengthen cooperatives: Amit Shah A day after the Centre announced four important initiatives to strengthen 1,514 Urban Co-operative Banks (UCBs) in the country, Union Home Minister Amit Shah on Saturday said that Prime Minister Narendra Modi government is committed to strengthening the cooperatives and treating them equally with other economic entities. In a tweet, Shah said: "Four major new policy decisions empowering the Urban Cooperative Banks have been approved: The UCBs can now open new branches without the prio...
Narendra Modi government committed to strengthen cooperatives: Amit Shah
Narendra Modi government committed to strengthen cooperatives: Amit Shah
Source: IANS
10/06/2023 4:10:01 PM
RBI decides to widen scope of framework for resolution of stressed assets: Shaktikanta Das Reserve Bank of India (RBI) Governor Shaktikanta Das has said the RBI has decided to widen the scope of the framework for resolution of stressed assets, under which all the regulated entities including cooperative lenders will now be able to execute ‘compromise settlements and technical write-offs’ to resolve non-performing assets (NPAs). Das stated that till now, this avenue for dud asset resolutions was available only with scheduled commercial banks and select non-bank financ...
RBI decides to widen scope of framework for resolution of stressed assets: Shaktikanta Das
RBI decides to widen scope of framework for resolution of stressed assets: Shaktikanta Das
Source: Accord Fintech
9/06/2023 11:17:50 AM
RBI keeping watchful eye on inflation while supporting growth FICCI expects impact of monetary policy interventions to pave way for reversal of rate hike cycle in due course Commenting on the latest monetary policy announcement by RBI Governor, Mr Subhrakant Panda, President, FICCI said, “The Indian economy continues to display resilience and growth potential in a challenging global environment. The Governor’s objective assessment of the economy shows that growth momentum will continue in 2023-24 despite headwinds; there is...
RBI keeping watchful eye on inflation while supporting growth
RBI keeping watchful eye on inflation while supporting growth
Source: PR Agency
9/06/2023 8:54:59 AM
An expected status quo: Monetary Policy review June 2023 The MPC kept rates and stance unchanged, the latter with the expected dissent from Prof. Varma. While the rate inaction was expected by almost everyone, there was some debate on whether a more qualified stance may now be forthcoming. In the event, the characterisation on stance landed somewhat more hawkish than what may have been expected. We delve into details below. CPI projection has been brought down to reflect the undershoot versus previous expectations for the current quarter. As p...
An expected status quo: Monetary Policy review June 2023
An expected status quo: Monetary Policy review June 2023
Source: IANS
8/06/2023 4:20:53 PM
RBI-MPC decides on internationalisation of Rupay cards, expanding scope of NPA resolution Expanding the scope of resolving the issue of non-performing assets (NPA) to other regulated entities, extending the time for Urban Cooperative Banks (UCB) to achieve the target for priority sector lending, internationalisation of Rupay cards are some of the major decisions of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC). Announcing the decisions of the MPC, RBI Governor Shaktikanta Das said the Rupay debit and credit cards are gaining increased acceptance abroad. ...
RBI-MPC decides on internationalisation of Rupay cards, expanding scope of NPA resolution
RBI-MPC decides on internationalisation of Rupay cards, expanding scope of NPA resolution
Source: IANS
8/06/2023 2:13:06 PM
RBI likely to again pause repo rate in bi-monthly monetary policy: SBI Research Just few days ahead of the outcome of Reserve Bank of India’s (RBI’s) monetary policy meeting, SBI Research in a report said that the RBI is likely to again pause the repo rate, the rate at which the central bank lends money to banks, in its bi-monthly monetary policy. It added that the monetary policy committee will go for a ‘prolonged pause’. A monetary policy committee headed by RBI governor Shaktikanta Das will hold a three-day-long meeting with its decision be ann...
RBI likely to again pause repo rate in bi-monthly monetary policy: SBI Research
RBI likely to again pause repo rate in bi-monthly monetary policy: SBI Research
Source: Accord Fintech
6/06/2023 9:31:28 AM
India`s growth likely to be more than 7% in 2022-23: Shaktikanta Das Expressing optimism over India’s economic situation, the Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the growth for 2022-23 is likely to be more than the advance estimate of 7 per cent on the back of economic momentum maintained in the third and fourth quarters of the last fiscal. He said ‘there is a possibility that it could be even more…it will not be a surprise if the GDP growth of last year comes slightly above 7 per cent’. As per the second...
India`s growth likely to be more than 7% in 2022-23: Shaktikanta Das
India`s growth likely to be more than 7% in 2022-23: Shaktikanta Das
Source: Accord Fintech
25/05/2023 9:45:10 AM
Decision to tweak policy rates depends on on-ground situation: RBI Governor The Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the decision to tweak policy rates was not in his hand as he himself is driven by the situation on the ground. In April, the RBI in a surprise move hit the pause button and decided to keep the key benchmark policy rate at 6.5 per cent. Prior to it, the RBI was on a rate hiking spree, raising the repo rate by 250 basis points since May 2022. The Governor further said retail inflation has moderated, but there is no room f...
Decision to tweak policy rates depends on on-ground situation: RBI Governor
Decision to tweak policy rates depends on on-ground situation: RBI Governor
Source: Accord Fintech
24/05/2023 2:07:53 PM
India central bank chief says inflation has moderated, but no room for complacency India's inflation has moderated, but the central bank cannot be complacent towards easing price pressures yet as potential weather-related uncertainties linger, the governor of the Reserve Bank of India said on Wednesday. "The war on inflation is not over; we have to remain alert," Shaktikanta Das said at an event in New Delhi. "There is no room for complacency. We will have to see how the El Nino factor plays out." India's annual retail inflation eased to...
India central bank chief says inflation has moderated, but no room for complacency
India central bank chief says inflation has moderated, but no room for complacency
Source: Reuters
24/05/2023 12:10:50 PM
India`s retail inflation may ease to cenbank`s 4% target in May - economists India's headline retail inflation in May is likely to fall further towards 4% — the midpoint of the central bank's target and a level last seen in January 2021, according to a few economists, who expect lower food prices to aid the decline. India's consumer price inflation (CPI) eased to an 18-month low of 4.7% in April, from 5.66% in the previous month, largely due to a moderation in food prices, which accounts for nearly half of the overall consumer price basket. Whi...
India`s retail inflation may ease to cenbank`s 4% target in May - economists
India`s retail inflation may ease to cenbank`s 4% target in May - economists
Source: Reuters
15/05/2023 12:16:37 PM
As inflation cools off, RBI Guv says `monetary policy on right track` With the latest official data indicating a cooling off in the headline inflation to 4.7 per cent in April, RBI Governor Shaktikanta Das said that it proves the monetary policy is on the right track, here on Friday. Terming the official data as a very satisfying development, Das refused to comment if the release of the numbers would lead to change of the policy stance or the Reserve Bank of India (RBI) becoming less hawkish. He preferred to say that all this would be clear on June 8 when...
As inflation cools off, RBI Guv says `monetary policy on right track`
As inflation cools off, RBI Guv says `monetary policy on right track`
Source: IANS
13/05/2023 9:10:04 AM
Early warning signal mechanism needs to be strengthened to insulate economy from global shocks: FM in FSDC meeting The Financial Stability and Development Council (FSDC) on Monday decided that a mechanism needs to be evolved to strengthen early warning signals, so that all kinds of financial stress can identified well in advance. During the 27th meeting of the FSDC, presided over by Finance Minister Nirmala Sitharaman, it was noted that though the Indian economy is well insulated from global shocks and spillover effects of the prevailing geopolitical situation, there is a need to be cautious and theref...
Early warning signal mechanism needs to be strengthened to insulate economy from global shocks: FM in FSDC meeting
Early warning signal mechanism needs to be strengthened to insulate economy from global shocks: FM in FSDC meeting
Source: IANS
9/05/2023 9:41:40 AM
A resilient bank must be financially and organisationally strong: RBI Governor The Governor of Reserve Bank of India (RBI), Shaktikanta Das, said on Thursday that a resilient future-ready bank needs to be financially, operationally and organisationally strong. Addressing the global conference on financial resilience organised by the College of Supervisors here, Das said that in order to be resilient, a bank should have adequate capital buffers and should be able to generate earnings even in times of severe macroeconomic shocks. "It should also have adequate l...
A resilient bank must be financially and organisationally strong: RBI Governor
A resilient bank must be financially and organisationally strong: RBI Governor
Source: IANS
28/04/2023 9:16:33 AM
Indian banks should have adequate capital buffers, liquidity: cenbank chief Indian banks should have adequate capital buffers and liquidity and be ready to report earnings even under macroeconomic stress, the country's central bank chief said on Thursday. "Our approach has been to enhance the resilience as well as the robustness of the financial sector so that individual entities effectively withstand stressful situations and continue to contribute to the economic development of the country," Reserve Bank of India Governor Shaktikanta Das said at an ...
Indian banks should have adequate capital buffers, liquidity: cenbank chief
Indian banks should have adequate capital buffers, liquidity: cenbank chief
Source: Reuters
27/04/2023 12:52:56 PM
India's external debt rises to $613.1 billion as of end-December - Government India's external debt rose 1.2% quarter-on-quarter to $613.1 billion as of end-December, the government said in a statement on Friday. The country's external debt-to-GDP ratio stood at the same level as the September quarter at 19.1%. The valuation loss in September-December, due to depreciation of the U.S. dollar against other major currencies such as yen, euro and UK pound was $3.8 billion, the statement said. The share of short-term debt, with maturity of up to one year, i...
India's external debt rises to $613.1 billion as of end-December - Government
India's external debt rises to $613.1 billion as of end-December - Government
Source: Reuters
31/03/2023 4:16:50 PM
Cash use decline as UPI to drive India's e-com market to reach $150 bn in 2026 As unified payments interface (UPI)-based transactions continue to break all records, India's e-commerce market is projected to grow from $83 billion in 2022 to $150 billion in 2026, as cash transactions decline further, a report showed on Thursday. UPI recorded the biggest year-on-year growth of 74.1 per cent in transaction volume as of January 2023 and digital wallets grew from 5 per cent in 2019 to 35 per cent of POS value in 2022 stimulated by UPI, according to the '2023 Global...
Cash use decline as UPI to drive India's e-com market to reach $150 bn in 2026
Cash use decline as UPI to drive India's e-com market to reach $150 bn in 2026
Source: IANS
23/03/2023 1:46:38 PM
Bill Gates visits RBI office in Mumbai, holds discussions with Shaktikanta Das Microsoft co-founder Bill Gates on Tuesday visited the Reserve Bank of India (RBI) office in Mumbai, where he held wide-ranging discussions with Governor Shaktikanta Das. In a tweet, RBI said that Gates went its office during his visit to India, where he is exploring business opportunities in sectors like health and education. Gates had recently indicated that he wants to do business-related activities in India. "Like every other country on the planet, India has limited resource...
Bill Gates visits RBI office in Mumbai, holds discussions with Shaktikanta Das
Bill Gates visits RBI office in Mumbai, holds discussions with Shaktikanta Das
Source: IANS
28/02/2023 5:23:26 PM
Focus on sustainable finance at inaugural session of G20 FMCBG meet Issues related to international financial architecture, sustainable finance and infrastructure were under focus during the first session of the two-day G20 finance ministers and central bank governors (FMCBG) meeting, which began on Friday in Bengaluru. The inaugural session was jointly steered by Finance Minister Nirmala Sitharaman and RBI governor Shaktikanta Das, the Finance Ministry said in a series of tweets. Sitharaman sought views of the ministers and governors on how multilatera...
Focus on sustainable finance at inaugural session of G20 FMCBG meet
Focus on sustainable finance at inaugural session of G20 FMCBG meet
Source: IANS
24/02/2023 5:09:26 PM
RBI MPC minutes : Overall hawkish tone despite widening dissent ? The minutes of the February MPC meeting reflected further widening divergence among MPC members on the future rates trajectory. Both the doves (Prof. Goyal and Prof. Varma) maintained caution against getting over-restrictive on rates amid an uncertain growth environment and argued that monetary policy lags should be kept in mind. While the persistent inflation narrative saw coherence among some members, a few diverged on the policy reaction to the same. ? The internal members asserted th...
RBI MPC minutes : Overall hawkish tone despite widening dissent
RBI MPC minutes : Overall hawkish tone despite widening dissent
Source: Emkay Global Financial Services Ltd
23/02/2023 11:34:58 AM
Global growth to decelerate in 2023: RBI`s MPC The Reserve Bank of India’s (RBI’s) rate setting monetary policy committee (MPC) in its minutes has said though global growth outlook has improved in recent months, it is expected to decelerate during 2023. MPC, on February 8, had raised the repo rate by 25 basis points to 6.50 per cent with immediate effect. The six-member panel decided to hike the repo rate by a mandate of four in favour (including RBI Governor Shaktikanta Das) while two were against it. According to the...
Global growth to decelerate in 2023: RBI`s MPC
Global growth to decelerate in 2023: RBI`s MPC
Source: Accord Fintech
23/02/2023 10:23:58 AM
RBI issues draft rules for lending, borrowing of government securities  The Reserve Bank of India (RBI) on Friday issued draft guidelines for lending and borrowing of government securities. It is aimed at improving liquidity and price discovery in the market. The central bank had first announced the borrowing and lending of government securities earlier this month, while announcing monetary policy. "Comments on the Draft Directions are invited from banks, market participants and other interested parties by March 17, 2023," the RBI said in a ...
RBI issues draft rules for lending, borrowing of government securities
RBI issues draft rules for lending, borrowing of government securities
Source: IANS
18/02/2023 10:36:52 AM
Finance Minister addresses central board of RBI, reviews economic situation Finance Minister Nirmala Sitharaman on Saturday highlighted the key thrust areas outlined in the Union Budget and the expectations from the financial sector. She gave these directions while addressing the central board of directors of the Reserve Bank of India (RBI). The board also reviewed the global and domestic economic situation, and associated challenges, official sources said. It is customary for the Finance Minister to address RBI's board after the presentation of the Unio...
Finance Minister addresses central board of RBI, reviews economic situation
Finance Minister addresses central board of RBI, reviews economic situation
Source: IANS
11/02/2023 5:56:27 PM
Comment on the RBI Monetary Policy By Mr. George Alexander Muthoot, Muthoot Finance Below is Comment on the RBI Monetary Policy By Mr. George Alexander Muthoot, MD, Muthoot Finance  The RBI hiked repo rate by 25bps today and maintained its stance of ‘withdrawal of accommodation’, this was largely on expected lines and also in line with consensus expectations. The macro-economic challenges still continue and core inflation remains sticky. However, the resilience of the Indian economy, firming up of urban consumption demand and improving rural demand r...
Comment on the RBI Monetary Policy By Mr. George Alexander Muthoot, Muthoot Finance
Comment on the RBI Monetary Policy By Mr. George Alexander Muthoot, Muthoot Finance
Source: PR Agency
8/02/2023 5:35:28 PM
RBI MPC Reaction : Rate Hike As Expected; Demand May Not Be Impacted Says Shishir Baijal, Knight Frank India Below Quote on RBI Monetary Policy Announcement By Shishir Baijal, Chairman & Managing Director, Knight Frank India “The 25bps hike in REPO rate announced by the RBI is a well-balanced approach between handling inflation and economic growth. This was expected by the industry as inflation rate has remained above the tolerance band, though it has softened in the last few months. This hike will further help moderate inflation in the economy. A 25bps hike in Standing Deposit Fac...
RBI MPC Reaction : Rate Hike As Expected; Demand May Not Be Impacted Says Shishir Baijal, Knight Frank India
RBI MPC Reaction : Rate Hike As Expected; Demand May Not Be Impacted Says Shishir Baijal, Knight Frank India
Source: Knight Frank
8/02/2023 5:28:12 PM
Perspective on RBI MPC Announcement By Mr. Ram Raheja, S Raheja Realty Below is Perspective on Repo Rate  By Mr. Ram Raheja, Director at S Raheja Realty “We welcome RBI's prudent decision to hike rates, as it will help keeping the rising inflation in check. The recent correction in global commodity prices if sustained may ease cost pressures in coming months. This will eventually benefit the developers and the advantage will be passed on the homebuyers. Going forward India’s real estate will witness more high -ticket purcha...
Perspective on RBI MPC Announcement By Mr. Ram Raheja, S Raheja Realty
Perspective on RBI MPC Announcement By Mr. Ram Raheja, S Raheja Realty
Source: PR Agency
8/02/2023 4:44:12 PM
Further hike in interest rate will certainly put a break on the demand in the housing sector Says Saransh Trehan, Trehan Group Below Quote on RBI Monetary Policy Announcement By Mr. Saransh Trehan, Managing Director, Trehan Group With the latest increase in repo rate, home loan rates will cross the level of 9% per annum. So far the demand in the housing sector remained unimpacted with past increase, but any further hike in interest rate will certainly put a break on the demand in the housing sector.   Above views are of the author and not of the website kindly read disclaimer
Further hike in interest rate will certainly put a break on the demand in the housing sector Says Saransh Trehan, Trehan Group
Further hike in interest rate will certainly put a break on the demand in the housing sector Says Saransh Trehan, Trehan Group
Source: PR Agency
8/02/2023 4:32:24 PM
Apex bank is showing prudence in taking corrective measures to curb rising inflation Says Pradeep Aggarwal, Signature Global India Below Quote on RBI Monetary Policy Announcement By Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global (India) Ltd "The increase of repo rate by 25 bps the apex bank is aimed to give an extra cushion to curb inflation in the face of geopolitical uncertainties. It is an accommodative move as per current micro and macro economic conditions globally as well as domestic markets. Controlling inflation is the RBI's mandate, and the apex bank is showing prudence in taking cor...
Apex bank is showing prudence in taking corrective measures to curb rising inflation Says Pradeep Aggarwal, Signature Global India
Apex bank is showing prudence in taking corrective measures to curb rising inflation Says Pradeep Aggarwal, Signature Global India
Source: PR Agency
8/02/2023 4:29:52 PM
The rate hike of 25 bps today will make EMIs expensive by approx 2-4% Says V Swaminathan, Andromeda Sales and Apnapaisa.com Below Quote on RBI Monetary Policy Announcement By Mr. V Swaminathan, Executive Chairman, Andromeda Sales and Apnapaisa.com, India's largest loan distributors Repo rate is directly linked to loan rates offered by lenders so an increase in the repo will increase the borrowing cost and vice-versa. The rate hike of 25 bps today will make EMIs expensive by approx 2-4%. Borrowers will either have to shell out extra money to repay their loans or will have to extend their tenure. &nbs...
The rate hike of 25 bps today will make EMIs expensive by approx 2-4% Says V Swaminathan, Andromeda Sales and Apnapaisa.com
The rate hike of 25 bps today will make EMIs expensive by approx 2-4% Says V Swaminathan, Andromeda Sales and Apnapaisa.com
Source: PR Agency
8/02/2023 4:23:11 PM
RBI Monetary Policy Reaction : We are optimistic and expect the housing demand to remain intact Says Amit Goyal, India Sotheby`s International Realty Below Quote on RBI Monetary Policy Announcement By Mr. Amit Goyal, CEO, India Sotheby’s International Realty The rate hike of quarter basis point by the central bank is on expected lines. Inflation is still above RBIs comfort levels and considering the evolving inflation outlook,  it's important to ensure inflation remains within the tolerance band and progressively aligns with the target. The good news is that amid volatile global developments, the Indian economy remai...
RBI Monetary Policy Reaction : We are optimistic and expect the housing demand to remain intact Says Amit Goyal, India Sotheby`s International Realty
RBI Monetary Policy Reaction : We are optimistic and expect the housing demand to remain intact Says Amit Goyal, India Sotheby`s International Realty
Source: PR Agency
8/02/2023 4:18:12 PM
RBI Monetary Policy Reaction : Housing prices are expected to largely remain firm in the upcoming quarters Ramesh Nair, Colliers Below Quote on RBI Monetary Policy Announcement By Ramesh Nair, CEO, India and Market Development, Asia, Colliers "The Reserve Bank of India increased the repo rate by 25 bps in February 2023. This sixth increase in a row adds to the 225 basis points increase seen in 2022 alone. This rate increase, which is lower than last time, reflects the government’s unwavering attempt to tackle inflation over the last few months. The retail inflation rate started easing in the latter...
RBI Monetary Policy Reaction : Housing prices are expected to largely remain firm in the upcoming quarters Ramesh Nair, Colliers
RBI Monetary Policy Reaction : Housing prices are expected to largely remain firm in the upcoming quarters Ramesh Nair, Colliers
Source: PR Agency
8/02/2023 4:16:12 PM
We expect a pause or at best another 25bps hike by RBI in this tightening cycle Says Kunal Valia, Waterfield Advisors Below Quote on MPC By Kunal Valia, Chief Investment Officer - Listed Investments, Waterfield Advisors The Reserve Bank of India (RBI) today increased the repo rate by 25 bps. Since May last year, the Reserve Bank has increased the repo rate by 25 bps following the global peers in a synchronised attempt to contain inflation. The Reserve Bank Governor added that the Monetary Policy will remain agile and alert to ongoing inflation dynamics. Further the commentary cited improvement i...
We expect a pause or at best another 25bps hike by RBI in this tightening cycle Says Kunal Valia, Waterfield Advisors
We expect a pause or at best another 25bps hike by RBI in this tightening cycle Says Kunal Valia, Waterfield Advisors
Source: PR Agency
8/02/2023 3:57:04 PM
RBI Monetary Policy Quote : Tapering rate hikes on expected lines Says Ms. Shalini Tibrewala, JM Financial Asset Management Below is Quote on RBI Monetary Policy Announcement By Ms. Shalini Tibrewala, Senior Fund Manager (Fixed Income), JM Financial Asset Management Limited  The Reserve Bank of India hiked its key repo rate by 25 basis points as expected but surprised markets by leaving the door open to more tightening, saying core inflation remained high The global economic outlook does not look as grim now as it did a few months ago. Growth prospects in major economies have improved, while infla...
RBI Monetary Policy Quote : Tapering rate hikes on expected lines Says Ms. Shalini Tibrewala, JM Financial Asset Management
RBI Monetary Policy Quote : Tapering rate hikes on expected lines Says Ms. Shalini Tibrewala, JM Financial Asset Management
Source: PR Agency
8/02/2023 3:39:06 PM
MPC first cut: Balanced, non-committal and data-dependent Says Madhavi Arora, Emkay Global Financial Service Below is Perspective on RBI Monetary Policy Ms. Madhavi Arora, Lead Economist - Emkay Global Financial Service “The budget has ensured, the fiscal impulse is maximized to improve potential growth, while signalling adherence to medium-term fiscal sustainability. This requires continued financial sector reforms, better resource allocation. Expenditure focus has been on rural, welfare, infrastructure, PLIs, and energy transition. Capex spend has picked up significantly to 3.3% of G...
MPC first cut: Balanced, non-committal and data-dependent Says Madhavi Arora, Emkay Global Financial Service
MPC first cut: Balanced, non-committal and data-dependent Says Madhavi Arora, Emkay Global Financial Service
Source: PR Agency
8/02/2023 3:36:18 PM
The Reserve Bank of India`s credit policy is in line with expectations Says Palka Arora Chopra, mastertrust Below is Post-RBI policy comment from Palka Arora Chopra, Senior Vice President, mastertrust The Reserve Bank of India's credit policy is in line with expectations, with policy rates raised by 25 basis points and the policy stance remaining unchanged at "Withdrawal of Accommodation." However, there are no signs given by the governor of any pause in upcoming policies. The governor said that they are still alert about inflation despite some relief in global commodity prices. ...
The Reserve Bank of India`s credit policy is in line with expectations Says Palka Arora Chopra, mastertrust
The Reserve Bank of India`s credit policy is in line with expectations Says Palka Arora Chopra, mastertrust
Source: PR Agency
8/02/2023 2:20:38 PM