After Urjit Patel’s appointment as RBI governor-designate, the bond market witnessed a sell-off, as it became evident that there won’t be any significant change in stance With an average annualised return of 10 per cent, income fund investors have had a couple of good years. However, considering that Consumer Price Index-based inflation is currently closer to the upper end of the Reserve Bank of India’s (RBI’s) target and the new governor is likely to continue to keep a ... Rediff.com, 1 month ago
Inflation warrior Urjit Patel at the helm of RBI - Rediff.com, 1 month ago
'RBI Governor need not have a rock star status' - Rediff.com, 1 month ago
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Inflation is likely to remain below the Reserve Bank’s early 2017 target of 5 per cent for the next 12 months, opening up space for monetary easing, says an HSBC report. According to the global financial services major, the declining trend in inflation is expected to continue as new crop streams into the market and CPI inflation could fall to under 4.5 per cent in January-March 2017. Moreover, vegetable prices are expected to completely reverse their summer ascent and higher pulse ...Rediff.com, 3 weeks ago RBI may pause this time, but rate cut likely in Dec Rediff.com, 3 weeks ago
The average bank customer does not know about the Customer Charter because it was designed – under Mr Rajan’s regime – to be a lame duck initiative from the start: violating the charter has no consequences, points out, Debashis Basu. The Reserve Bank of India has a wide and complex mandate that ranges from monetary policy to supervising banking and finance companies, managing forex, issuing currency and acting as the banker to banks and the government. As you would ...Rediff.com, 1 month ago RBI mulls liability cover in fraud for bank clients Rediff.com, 2 months ago
Janmejaya Sinha lays down Urjit Patel’s agenda - cleaning up bank balance sheets, evaluating robustness of CPI and pushing for digitisation in financial services. The appointment of Urjit Patel as Reserve Bank of India (RBI) governor is an inspired choice. Patel has the strongest monetary economics pedigree, with an MPhil in economics from Oxford and a PhD from Yale. As a PhD student he jointly authored academic papers with his advisor, the respected macroeconomist Prof Willem Buiter, ...Rediff.com, 1 month ago
Between Friday’s and Monday’s close: Yields on 10-year bonds up 6 basis points, rupee slides 13 paise against dollar, Sensex ends flat The bond market, having a merry time since July in the hope of a rate cut, woke up to the reality on Monday that Urjit Patel’s appointment as Reserve Bank of India (RBI) governor may have nixed chances of rate support. The yields rose sharply on Monday even as the rupee tumbled, tracking falling stocks and dollar demand from oil marketing ...Rediff.com, 1 month ago
As all regulators are part of it, individuals don’t need to worry about approaching the right authority Recently, the Reserve Bank of India(RBI) launched an online website, Sachet, to curb Ponzi schemes at an early stage, by sourcing information from individuals. A person can go to the website, www.sachet.rbi.org.in, and share information with the regulator if he thinks a company is illegally collecting money. People can also use the website to get detailed information on companies that ...Rediff.com, 2 months ago
Conglomerates can hold only 10% stake; focus on NBFCs not controlled by large groups In what could be Raghuram Rajan’s last banking reform before he bows out in the first week of September, the Reserve Bank of India on Monday released the final guidelines for on-tap licensing of universal banks in the private sector, under which it ring-fenced the banking system from large industrial houses, excluding them from floating banks in the future. But conglomerates have been allowed to hold up ...Rediff.com, 2 months ago
Financials emerged as the top gainers while auto shares rallied on robust September sales Benchmark shares indices ended over 1% higher led by financials ahead of the RBI's monetary policy review on Tuesday while auto shares rallied on the back of robust September sales. The S&P BSE Sensex ended up 377 points at 28,243 and the Nifty50 gained 127 points to settle at 8,738. In the broader markets, the BSE Midcap and Smallcap indices ended up over 2% each while NSE's Nifty Midcap100 index ...Rediff.com, 2 weeks ago Markets end flat amid choppy trade; Nifty holds 8,700 Rediff.com, 1 month ago Nifty ends above 8,700 at fresh 52-week closing high; RBI policy eyed Rediff.com, 2 months ago Markets end flat; Q2 earnings eyed Rediff.com, 1 week ago
RBI has pegged the GVA growth of 7.6 per cent for the current fiscal and 7.9 per cent the year after In the first monetary policy review under RBI Governor Urjit Patel, the interest rate was, on Tuesday, cut by 25 bps to six-year low of 6.25 per cent in a unanimous decision by the new rate-setting panel MPC. The cut, first in six months, came amidst big clamour for easing rates especially after the departure of former Governor Raghuram Rajan, who was often accused of stifling growth by keeping ...Rediff.com, 2 weeks ago
Muted private investment and weak global demand may restrain the pace of growth in 2017-18 The Reserve Bank, on Tuesday, warned of risks to growth next year due to muted private investments and weak global demand coupled with geopolitical risks, but sounded optimistic on meeting the Parliament-mandated inflation target of 2-6 per cent in the current financial year. "The inflation outlook for 2016-17 has improved, but close vigilance is required to achieve the prospects of reaching 4 per cent.Rediff.com, 2 weeks ago
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