RBI Governor Addresses Nation

RBI Governor Addresses Nation

  • Business

    Non-performing assets impact banks' rate cut transmission, loan growth: Study

    New Delhi, Oct 18: Non-performing assets (NPA) of a bank weakens the monetary policy transmission and loan growth rate, said a recent working paper prepared by the staff members of the Reserve Bank of India (RBI). The paper titled, 'Bank Capital and Monetary Policy Transmission in India' show the requirement of bank capital regulation in India. The study finds...

    • 3 days ago
  • Business

    RBI to conduct OMOs in SDLs worth Rs 10,000 cr

    The Reserve Bank of India (RBI) on Friday announced the purchase of state development loans worth Rs 10,000 crore under open market operations. The auction will be conducted on October 22. The RBI, in a statement, said that it has been decided to conduct a purchase auction of SDLs under OMOs for an aggregate amount of Rs 10,000 crore on October 22, keeping in view that this is the first ever OMO...

    • 4 days ago
  • Business

    Bond market shrugs off more  govt  borrowing

    The government's additional ₹1.1 lakh crore borrowing didn't rock domestic bond markets on Friday, with yields on the benchmark 10-year bond rising just three basis points, thanks primarily to the recent spate of central bank measures that have kept yields below 6%. On October 9, Reserve Bank of India governor Shaktikanta Das doubled the size of open-market bond purchases and asked traders...

    • 4 days ago
  • Editorial

    Macro-economic parameters in recent RBI monetary policy report

    Udayan Hazarika (The writer can be reached at udayanhazarika@hotmail.com) Almost one-and-a-half months back, when the Reserve Bank of India published its annual Report, it did not disclose, the most sought-after economic parameter namely the GDP growth rate for the first quarter of 2021; rather it said in the report that it will wait for the NSO to come up with the rate. The NSO...

    • 5 days ago
  • National

    Why Rising Inflation Should Worry You

    Inflation is the worst form of an undeclared tax; it hurts the poor the most, lower middle class and the middle class in that order. Why do we say so? Because inflation, the one measured by the Consumer Price Index in particular, shaves off your real income. On 12th of every month, the government releases year-on-year inflation data, measured by CPI for the previous month. The September CPI - inflation is...

    • 6 days ago
  • Home

    India's Economy Projected to Decline by 10.3%, says IMF

    GUWAHATI: The Indian economy is projected to decline by 10.3%, as per the International Monetary Fund (IMF). The IMF in its latest World Economic Outlook update slashed India's GDP growth forecast to -10.3%, 580 basis points lower than its June forecast in the current financial year. As per the IMF, the global economy was recovering from the slump in the first half of 2020. The...

    • 7 days ago
  • Business

    CPI inflation surges, factory output shrinks

    India's retail inflation accelerated to 7.34% in September, remaining well above the central bank's targeted range for the sixth consecutive month, as food prices rose. Food inflation quickened to 10.68% in September from 9.05% in the preceding month, driven by higher prices of vegetables, fish, meat, pulses, eggs and spices. Data released by the National Statistical Office on Monday showed retail...

    • a week ago
  • Latest

    Retail inflation jumps to 7.34% in September, stays above RBI's comfort zone

    Retail inflation jumped to 7.34 per cent in September, mainly on account of higher food prices, official data showed on Monday. It's the highest level of inflation which has been recorded since January this year. The rate of price rise in the food basket was 10.68 per cent in September compared to 9.05 per cent in August. The consumer price index (CPI) based retail...

    • a week ago

    New MPC holds rates; RBI continues to use other tools - ICICI Securities

    New MPC holds rates; RBI continues to use other tools * MPC 2.0 holds rates in its first review: In the bimonthly monetary policy review concluded today, the MPC unanimously kept repo rate unchanged at 4%. This was the first review for new external members Dr Shashanka Bhide, Dr. Ashima Goyal and Prof. Jayant Varma. The decision was in line with expectations given high...

    • a week ago
  • Opinion

    The economy is still fragile | HT Editorial

    The Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC), in its first forecast after the Covid-19 pandemic, has projected a 9.5% contraction for the Indian economy in the current fiscal year. This number is in line with other projections and should settle the debate about the impact of the pandemic on the economy, for it is now clear that the Indian economy is going to face its worst-ever...

    • a week ago