The Reserve Bank of India (RBI) again surprised the nation by holding an unscheduled monetary policy review on Wednesday and reduced the policy repo rate under the liquidity adjustment facility (LA
Sounding impatient, Reserve Bank of India governor Raghuram Rajan on Tuesday made a harsh comment on the banks reluctance to lower consumer interest rates. Rajan`s harsh comments reflect th
In the fourth bi-monthly monetary policy statement, the Reserve Bank of India’s monetary policy committee (MPC) reduced the repo rate by 25 basis points, from 6.5 percent to 6.25 percent. The
House and equity prices respond at varying speeds and significantly varying magnitude to monetary policy shocks, signifying that it may turn out to be challenging for policy makers to simultaneou
Only a bank that fears losing its deposit base or incurring the wrath of its shareholders is likely to recognise losses in a timely manner. In many of our banks, such market di
Fitch Ratings in its latest Global Economic Outlook (GEO) expects global GDP to fall by 4.4% in 2020, a modest upward revision from the 4.6% decline expected in the June GEO. The recovery in econom
The RBI Monetary Policy Committee (MPC) in its bi-monthly policy announcement Thursday kept the repo rate unchanged at 4%. The reverse repo rate is also kept unchanged at 3.35%. The MPC decided to
