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About 50 results for "rbi rsquo"

In Washington, Ficci chief slams RBI, calls it 'anti-growth'
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RBI bursts Modi’s bubble: Its report vindicates Sinha-Shouri...

Reserve Bank of India (RBI) Governor Urjit Patel and the RBI’s Monetary Policy Committee (MPC) have added to the negative narrative on the Indian economy. The MPC not only kept the interest rates unchanged, much against the wish of the government, but ... catchnews.com, 1 month ago
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Govt seeks special dividend to fund part of bank recapitalisation

Provided talks on the matter are fruitful, the dividend payout will made during the current RBI financial year ending June 30, 2018. The government has sought a special dividend from the Reserve Bank of India (RBI) to fund a part of its Rs 2.11-lakh crore plan to recapitalise public sector banks. “The RBI has been asked if it can pay a special dividend, apart from the yearly surplus that it pays the Centre.   "This dividend, if agreed to by the central bank, will be used only for ...
 Rediff.com1 week ago
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Foreign banks' presence in India declining, confirms RBI

Foreign banks had 317 branches in 2015-16; it has reduced to 286. In the same period, employee strength came down from 26,642 to 24,766. Illustration: Uttam Ghosh/Rediff.com Foreign banks are slowly reducing their presence in the country, data from the Reserve Bank of India (RBI) showed.   “The presence of foreign banks in India declined in terms of number of branches and employees during 2016-17; the number of overseas branches of Indian banks, on the other hand, increased but there ...
 Rediff.com2 weeks ago
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RBI's most teething problem: Controlling inflation

A combination of farm loan debt waivers by state governments and the implementation of the pay commission award could entail some fiscal slippages and pose a risk to inflation The minutes of the meeting of the Reserve Bank of India (RBI)’s monetary policy committee showed an unease among the six-member panel on rising inflation, which prompted them to exercise a rate pause, even as one member voted for a cut. The October 4 policy meeting had left the repo rate unchanged at 6 per cent.
 Rediff.com1 month ago
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Nobel Laureate Raghuram Rajan? We will know on Monday

Though Nobel Prize nominations have been a secret for 50 years, speculation abounds over the contenders for this year’s prize in economics. A look at the possible winners.   Colin Camerer Robert Kirby Professor of Behavioural Finance and Economics, California Institute of Technology. George Loewenstein Herbert A Simon Professor of Economics and Psychology in the Social and Decision Sciences Department, Carnegie Mellon University. For pioneering research in behavioural economics and ...
 Rediff.com1 month ago
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Why RBI should have cut rates

A cut in rates would have encouraged the banks to lend aggressively on the retail front. There was enough justification for the Reserve Bank of India (RBI) to cut the benchmark lending rates, feels former secretary of the Department of Economic Affairs in the Union government, Shaktikanta Das. In a freewheeling discussion with Business Standard, a day after the RBI decided to hold the rates, he said: “the conditions are definitely very favourable for a reduction of interest rates”.
 Rediff.com1 month ago
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RBI plays to script, holds interest rate, but cuts growth outlook

The six-member monetary policy committee voted 5:1 for the decision, with only Ravindra Dholakia voting for a 0.25 per cent reduction in rates. The Reserve Bank on Wednesday kept the interest rate unchanged as was widely expected in view of the upward trend in inflation even as it cut the growth forecast to 6.7 per cent for the current fiscal. Consequently, the repo rate, at which it lends to banks, will stand at 6 per cent. The reverse repo, at which RBI borrows from banks, will continue to ...
 Rediff.com1 month ago
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'The scare caused by fiscal deficit numbers is quite wrong'

'The focus has to be on promoting employment-sensitive sectors.' 'I think the RBI will hold rates. It does not want outflow of capital.' As the government looks for resources to perk up the economy, NITI Aayog vice chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through divestment, and that the fiscal deficit should be widened while focusing on the revenue deficit. Kumar refuses to call demonetisation and the Goods and Services Tax (GST) disruptive ...
 Rediff.com1 month ago
Rediff.com

RBI doesn't want to be a 'currency manipulator'

Depreciating the rupee against the dollar to boost economic growth has fiscal constraints and monetary limitations Illustration: Uttam Ghosh/Rediff.com Given the resource crunch of the Centre and the states as well as the limitations of monetary policy tools, depreciating the rupee against the dollar to boost economic growth, which fell to 5.7 per cent in the April-June quarter, is an idea that has found favour among economists.   The idea had been broached by former chief economic ...
 Rediff.com1 month ago
Rediff.com

Vikram Akula is back where he belongs

In 2012, Akula quit as chairman of Bharat Financial Inclusion (formerly SKS Microfinance), which he’d founded and led to a successful initial public offering Hyderabad-based Vaya Finserv is set to launch microfinance operations, also marking the comeback of Vikram Akula into the sector he’d substantially influenced not long before.   Debuting as a banking correspondent (BC) in 2015, Vaya is opening its first set of 15 microfinance branches this week in Bihar, a state where it ...
 Rediff.com1 month ago
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