Articles
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RBI cuts rate for now, but says further reductions not a given
The Reserve Bank of India today cut the policy rate by and expected 25 basis points to 7.25 percent but cautioned that there is only little space to further monetary easing. It also projected a bearish 5.7 percent GDP growth for 2013-14. #RBI #CRR #NewsTracker #Rate cut #CAD #Lending rates #Policy Review
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RBI Policy: Bankers want 0.5% CRR cut in May
Amidst demands for further reduction of interest rates to spur economic growth, the Reserve Bank will announce annual monetary policy for the current fiscal on May 3. #CRR #PolicyWatch #Bankers #Rate cut #RBI policy
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Blog posts
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Hawkish RBI decides to loosen purse strings, but only this time
Enough indication that lengthy monetary easing unlikely; growth estimates cut sharply to 5.7%; CAD biggest risk #Economy #RBI #CRR #Repo rate #Subbarao #PolicyWatch #Rate cut
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Will RBI's bite be as hard as its bark yesterday?
RBI points to high consumer price inflation and headline inflation remaining above threshold #Economy #RBI #CRR #PolicyWatch #Rate cut #Governor D Subbarao
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CRR cut: Govt plays spoilsport to more robust market rally
The RBI could have offered a repo rate cut if only the government had achieved some measure of fiscal consolidation. #RBI #CRR #Repo #GDP growth #MonetaryPolicy #NotJobsButPassion
Wire
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SifyLow-cost Casa deposits key to profitability for NBFCs
Rating agency Icra today said that building of low cost current account-saving account (Casa) deposits would be the key to profitability for non banking financial companies (NBFCs) converting into the bank. It also said that a relaxation from Reserve Ban #India #Moody's
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Economic TimesFinMin appoints auditors without consulting RBI
NEW DELHI: The government has appointed auditors for the Reserve Bank of India after consulting with the Comptroller & Auditor General (CAG), reversing the earlier practice of involving the central bank in the selection process. The two auditors appointe #India #New Delhi #Palaniappan Chidambaram
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THISDAY LIVEMPC May Maintain Tight Monetary Stance on Crude Oil Volatility
There are strong indications that the Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee (MPC), which commences its 232nd meeting today will leave all its monetary policy tools unchanged at the end of the two-day meeting. This, according to find #New York Mercantile Exchange