[ad_1] The reasons are quite clear. First, RBI changed its stance in its last policy statement to ‘accommodative.’ It also issued a clarification of its stance nomenclature, saying that the shift could mean a further lowering of policy rates. Second, liquidity has been provided on a near real-time basis by RBI to ensure that the…
[ad_1] As the sordid saga of events at IndusInd Bank unfolds, it is possible the coming days will see more skeletons tumble out of its closet. Within days of a forensic audit by Grant Thornton having found—as reported by Mint—that senior bank officials were aware of lapses in its accounting of derivative trades (that led…
[ad_1] RBI Monetary Policy Committee Meeting LIVE: The Reserve Bank of India (RBI) will announce its first bi-monthly monetary policy of FY26 today, April 9. The meeting of the Monetary Policy Committee (MPC) headed by RBI Governor Sanjay Malhotra was scheduled from April 7 to 9 and the credit policy decision will be announced today….
[ad_1] On 10 March, IndusInd Bank disclosed that an internal review had uncovered a discrepancy in its rupee-dollar swap accounting. The irregularity would erode the bank’s capital base by 2.5%. The management sought to reassure investors and depositors, stating that the impact would not threaten the bank’s stability, and its promoter group bolstered confidence by…
[ad_1] Retail inflation in February eased to under the Reserve Bank of India’s (RBI) 4% target for the first time in six months, government data released on Wednesday showed. The consumer price index was up only 3.6% from the same month in 2024. Also Read: Mint Quick Edit | Inflation is down: Will interest rates…
[ad_1] This reflects a proactive but calibrated approach to support an economic recovery, while staying focused on gradually aligning Consumer Price Index inflation with its mandated target of 4%. The MPC’s forward-looking approach is commendable, especially given the long lags of policy transmission. That rate cut came on the back of several liquidity-easing measures announced…
[ad_1] The interest charged on loans is the most important price in an economy. And its rate is nudged up and down by the lender of last resort—the Reserve Bank of India (RBI) in our case—for good reason. It helps keep the economy’s growth path stable. Inflation held on a tight rein, RBI’s explicit mandate…
[ad_1] In December, the MPC opted to play safe. It maintained a status quo on rates (by a 4:2 majority) and stance on the grounds that the beast of inflation, though slain, had not been destroyed, and growth, though slowing, remains resilient. Two months later, the MPC, with a new governor at the helm, seems…
[ad_1] The rupee seems to be on a relatively unrestrained slide. It dropped to a new low of 87.58 against the dollar on Thursday. It has already weakened about 2% this year, extending its 3% decline in 2024. This need not be bad, though. Also Read: On interest rates, RBI should ‘cross the river by…
[ad_1] With a new governor at the helm, the Reserve Bank of India’s (RBI’s) monetary policy stance will be watched very closely this time. If RBI signals a shift to an easy-money policy, it will ease concerns relating to the growth slowdown. But it will raise concerns about inflation at a time when a weak…
