Meanwhile, it its annual report, the central bank has said that regulatory dispensations that the novel coronavirus pandemic has necessitated in terms of the moratorium on loan instalments, deferment of interest payments and restructuring, may have implications for the financial health of banks, unless they are closely monitored and judiciously used. … [Read more...] about RBI Governor Shaktikanta Das’ address highlights | ‘We haven’t exhausted our ammunition’
Rbi most recent monetary policy statement
We expect that the dollar could continue to remain under pressure following slower-than-expected economic growth and expectation of further stimulus package announcement from the US. As far as rupee (Spot) is concerned we expect it to quote in a broad range of 74 and in best case towards 73.5, but the larger under current remains of a weaker rupee towards 76.5-77. … [Read more...] about Rupee immune to global volatility; focus on RBI commentary, outlook
This comment is significant as it highlights that if inflation worries persist, the committee may be forced to reverse its current policy stance and even consider rate hikes. The question is, can a slowdown-hit, COVID-ravaged economy withstand a tighter monetary policy? Can we afford rate hikes, if that happens when growth is projected to contract as much as 9 percent in FY21? … [Read more...] about RBI MPC minutes point out chances of a prolonged pause; Is the rate cut season over?
The focus of the market and the policymakers has shifted from survival to revival. Now, with the lockdown being phased out, there has been a gradual resumption in business activities, and the high-frequency economic indicators show an improvement in economic activity from the bottom of April with different indicators moving at different speeds. … [Read more...] about Market and policy makers shift focus from survival to revival
IndusInd Bank, SBI shares surge up to 9% after UBS upgrades them to buy from sell Can't expect miracle, economic recovery will be a long haul: Axis Bank MD Amitabh Chaudhry Delhi HC stays IBC proceedings against Anil Ambani in Rs 1,200 crore loan default case … [Read more...] about SBI plans to enter digital payments space, ‘examining’ RBI’s NUE framework: Report