Some of the benefit due to a low interest rate policy is not an incentive; it is a subsidy
For depositors aged under 60, the bank is offering 6.5% for a 12 months tenure, and 6.6% for 19-24 months; seniors get an additional 75 bps across tenures
Realtors welcomed the Reserve Bank's decision to keep key policy rates unchanged
Inverse Head and Shoulder in HDFC Bank may incline market participants to add the stock to their portfolio
The last time the RBI changed the policy rate was in May 2020
With the pandemic risk still lurking around the fringes, global growth is yet to attain a structural foothold, Garg said
The low interest rate phase hasn't really helped investors or investment; Covid-19 was actually a supply side shock
Policy makers also updated forecasts for the economy, cutting the outlook for growth and increasing it for inflation
The Reserve Bank of India's MPC left key rates unchanged at record lows earlier in the month
Low inflation means at its best zero inflation, which is good. But low interest rates don't mean a zero rate because that would be bad
The brokerage upped its consumer price index (CPI) inflation target for 2022 to 5.2 per cent from 5 per cent earlier.
Economists and analysts are unanimous that the Reserve Bank has embarked on the long road to policy normalisation
The governor also said that the liquidity surplus in the banking system has increased in Sep, with the potential liquidity overhang amounting to more than Rs 13 trn
The pile-on of debt was necessary given policy responses during the pandemic, Vera Chaplin, the credit ratings agency's managing director and lead analytical manager, said
(Reuters) -Half of U.S. Federal Reserve policymakers now expect to start raising interest rates next year and think borrowing costs should increase to at least 1% by the end of 2023, reflecting a growing consensus that gradually tighter policy will be needed to keep inflation in check.
Consumer prices rose 5.3% last month from a year earlier, the Statistics Ministry said in a statement on Monday
The RBI had revised norms last year to bring clarity in risk sharing and credit underwriting in co-lending tie-ups
The Reserve Bank may be hitting the end of its tolerance for high inflation and will most likely hike interest rates in the first half of 2022, analysts said on Friday. The central bank will also start rolling back its accommodative policies which have led to easy liquidity conditions, they said. The view from analysts came even as inflation cooled down to 5.6 per cent for July, after two months of breaching the upper end of the RBI's tolerance band of 6 per cent. The central bank has been keeping the status quo on policy and continuing with the accommodative stance to help revive GDP growth. Finance Minister Nirmala Sitharaman had on Thursday opined that the current conditions do not warrant withdrawal of the accommodative measures. "The RBI has been tolerant of inflation and has stayed accommodative to support growth given the deep hit suffered by the economy. But it appears to be reaching the end of tether as inflation remains elevated," rating agency Crisil said. "If this ..
Live updates: Monetary policy committee's decisions being read out by RBI governor Shaktikanta Das
The temporary supply shocks that have led to higher inflation has been kept aside by the MPC while focusing on growth