RBI Springs a Shocker Keeps the Repo Rate Unchanged at 5.15 percent

Niranjan Hiranandani Mumbai: The Indian Government has been coming up with measures to boost GDP figures, and a lowering of the repo rate was expected over concerns that growth momentum is slowing down; as also it being necessary to boost liquidity in the economy. In a challenging scenario – and no better term to describe… Read More RBI Springs a Shocker Keeps the Repo Rate Unchanged at 5.15 percent

Fitch Ratings: RBI Governor resignation highlights risks to policy priorities

Newsroom24x7 Network Hong Kong/Singapore: The resignation of the Reserve Bank of India (RBI) governor on 11 December follows a period of government pressure on the central bank to spur economic growth, and highlights risks to the RBI’s policy priorities, says Fitch Ratings. The RBI’s efforts to address bad loan problems have the potential to improve… Read More Fitch Ratings: RBI Governor resignation highlights risks to policy priorities

RBI discusses restructuring scheme for stressed MSMEs

Newsroom24x7 Network Mumbai: The Reserve Bank of India’s (RBI) Central Board met today in Mumbai and discussed the Basel regulatory capital framework, a restructuring scheme for stressed MSMEs, bank health under Prompt Corrective Action (PCA) framework and the Economic Capital Framework (ECF) of RBI. The Board decided to constitute an expert committee to examine the… Read More RBI discusses restructuring scheme for stressed MSMEs