Second Bi-monthly-policy-statement-for-fiscal-2019-20

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Second Bi-monthly-policy-statement-for-fiscal-2019-20 - Total results - 12
Bank, realty, auto shares drop up to 7% despite RBI repo rate cut; IndusInd Bank, BoB, Yes Bank among top losers
Business

Bank, realty, auto shares drop up to 7% despite RBI repo rate cut; IndusInd Bank, BoB, Yes Bank among top losers

Interest rate sensitive bank, auto and realty shares came under selling pressure on Thursday falling up to 7 percent even as the RBI slashed the policy rate

RBI monetary policy: Governor Shaktikanta Das seeks 'higher and faster' interest rate cut transmission from banks
Business

RBI monetary policy: Governor Shaktikanta Das seeks 'higher and faster' interest rate cut transmission from banks

After complaining about the poor transmission, Reserve Bank governor Shaktikanta Das on Thursday seemed to appreciate banks' effort on this front, but sought "higher and faster" pass-ons from now onwards

RBI monetary policy: Rising growth concerns prompted third rate cut, says central bank governor Shaktikanta Das
Business

RBI monetary policy: Rising growth concerns prompted third rate cut, says central bank governor Shaktikanta Das

The third successive rate cut of 0.25 percent is a "decisive and timely" move to address the rising growth concerns, and a rate hike is off the table for now with the shift to an "accommodative" stance, Reserve Bank governor Shaktikanta Das said on Thursday

RBI monetary policy: Central bank to issue 'on tap' licence guidelines for small finance banks in August
Business

RBI monetary policy: Central bank to issue 'on tap' licence guidelines for small finance banks in August

The Reserve Bank of India (RBI) said on Thursday it will come out with guidelines for issuance of licences to small finance banks 'on tap' basis in August 2019 for promoting banking facility for small borrowers and encourage competition

RBI cuts interest rates to 9-year low, expects banks to quickly lower home, auto loan EMIs
Business

RBI cuts interest rates to 9-year low, expects banks to quickly lower home, auto loan EMIs

In a move that may lead to lower home, auto and other loan EMIs, the RBI Thursday cut interest rates for the third time this year by 25 basis points to their lowest level in nine years and signalled more easing as it looked to support an economy growing at the slowest pace since the BJP first came to power in 2014

RBI monetary policy: New NPA resolution norms in 3-4 days, says central bank governor Shaktikanta Das
Business

RBI monetary policy: New NPA resolution norms in 3-4 days, says central bank governor Shaktikanta Das

The Reserve Bank will issue a revised circular on bad loan recognition within the next three-four days, replacing the 12 February circular that was struck down by the apex court

RBI monetary policy: Central bank removes charges on RTGS, NEFT transactions; asks banks to pass on benefits to customers
Business

RBI monetary policy: Central bank removes charges on RTGS, NEFT transactions; asks banks to pass on benefits to customers

The Reserve Bank of India (RBI) on Thursday said it has done away with charges on fund transfers through RTGS and NEFT routes to boost digital transactions and asked banks to pass on the benefits to customers

RBI cuts repo rate for third time in a row this year; other highlights of central bank's monetary policy statement
Business

RBI cuts repo rate for third time in a row this year; other highlights of central bank's monetary policy statement

Slashing benchmark lending rates for the third time this year, the Reserve Bank of India cut its repo rate by 0.25 percent on Thursday and said its future monetary policy stance will be more accommodative

RBI monetary policy: Central bank raises retail inflation forecast for April-September 2019 to 3-3.1%
Business

RBI monetary policy: Central bank raises retail inflation forecast for April-September 2019 to 3-3.1%

The Reserve Bank of India (RBI) on Thursday raised the retail inflation forecast marginally to 3-3.1 percent for the first half of the current fiscal, tracking uptick in food prices - mainly vegetables, albeit expectations of a normal monsoon this year

RBI monetary policy: Central bank lowers economic growth forecast to 7% for current fiscal
Business

RBI monetary policy: Central bank lowers economic growth forecast to 7% for current fiscal

The Reserve Bank of India (RBI) on Thursday lowered the economic growth forecast for the current fiscal to 7 percent due to slowdown in domestic activities and escalation in a global trade war

RBI cuts interest rates by 25 bps to 5.75% third time this year to boost growth; changes stance to accommodative
Business

RBI cuts interest rates by 25 bps to 5.75% third time this year to boost growth; changes stance to accommodative

Slashing benchmark lending rates for the third time this year, the Reserve Bank of India cut its repo rate by 0.25 percent Thursday and said its future monetary policy stance will be more accommodative

RBI cuts repo rate by 25 bps to 5.75%: Full text of second bi-monthly policy statement for fiscal 2019-20
Business

RBI cuts repo rate by 25 bps to 5.75%: Full text of second bi-monthly policy statement for fiscal 2019-20

The RBI on Thursday cut key short-term lending (repo) rate by 25 bps to 5.75 percent at its Second bi-monthly monetary policy review of the ongoing fiscal