RBI

By: Ranjit K Pattnaik
Category: Common citizen, Governance, Sustainability, Global, RBI, India politics, Indian economy, Inclusive growth
It is barely two years since Urjit Patel took charge as Governor of the Reserve Bank of India. Viral Acharya, the Deputy Governor, has spent even less time in his post. The appointments came soon after the exit of Raghuram Rajan, whose term as Governor was not extended amid an unseemly row whipped... read more
By: Himadri Bhattacharya
Category: Common citizen, Governance, Global, RBI, India politics, Indian economy
At the heart of the rift is an uneasiness and some alarm in the bureaucratic and the political circles that PCA will accelerate the loss of market share and cause further decline of the position of the PSBs in the financial system in favour of private banks and foreign banks.
By: Jagdish Rattanani
Category: Common citizen, Governance, Global, RBI, India politics, Indian economy
In terms of a speech, it is unprecedented in its forthrightness and signals a pushback like none other. It marks an almost unprecedented waving of red flags to bring to the attention of people that the nation will have hell to pay if what is being said is not heeded at this crucial time. And... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, RBI, Jobs, India politics, Indian economy
Under Kochhar, the bank consolidated, but its DNA of aggressive growth took over and problems were back soon. In 2018, PAT was down 30% to Rs 6,777 crore. By July, the bank reported a net loss of Rs 120 crore for the April-June 2018 quarter, its first quarterly loss in 16 years. When Kochhar... read more
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Common citizen, Global, RBI, India politics, Indian economy
After two rounds of a hike in the policy repo rate, the Monetary Policy Committee (MPC) has announced a pause. The policy repo rate, which is meant to influence and transmit over time to the rate at which banks lend to borrowers, stands unchanged at 6.5 per cent. The MPC voted 5:1 to keep the rate... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Global, RBI, Jobs, India politics, Indian economy
The resignation of Chanda Kochhar from ICICI Bank has come not a day too soon. Her formal exit from the bank announced on October 4 marks a sorry end to a career that mirrored the rise and transformation of Indian banking – she rose as ICICI grew from a stodgy corporation known for project... read more
By: Harun R Khan
Category: Common citizen, Governance, Taxes, Global, RBI, India politics, Indian economy
Contrary to widespread expectations of an increase of 25 basis points (by 50 bps by some), the Monetary Policy Committee (MPC) has maintained the status quo on the policy rate. Despite turbulent market conditions and liquidity easing measures taken in the days leading to the policy, it changed the... read more
By: Himadri Bhattacharya
Category: Common citizen, Global, RBI, India politics, Indian economy
The MPC of the RBI caught almost everyone by surprise by keeping the policy repo rate unchanged at 6.5 per cent in its fourth bi-monthly meeting for 2018-19 by a 5-1 majority. However, it changed its stance from ‘neutral’ to what it called ‘calibrated tightening’. An overwhelming majority of market... read more
By: Usha Thorat
Category: Common citizen, Taxes, Global, RBI, India politics, Indian economy, Inclusive growth, GST
The change in stance from neutral to “calibrated tightening” also puts to rest any speculation about cut in rates and clearly sends the message that the pause in the rate move is just that — a pause. The rationale for a “flexible” inflation mandate has been fully vindicated by this decision. While... read more
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Common citizen, Global, RBI, India politics, Indian economy
The Monetary Policy Committee (MPC) meeting this week comes under the shadow of the massive IL&FS default that has shaken the markets, added to the current set of macro concerns and raised new questions on the regulatory framework. The complexity of the IL&FS set up with its 169 direct and... read more

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