GDP projection revised upwards, but lower than Eco Survey's
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RBI has done exceptionally well in managing government's extended borrowing this year when fiscal deficit has shot-up to 9.5 per cent of GDP
The MPC meet outcome is neutral to different sectors. Although some sectors were eyeing for cut in rates, this was impractical going by the large spend envisaged by the Budget
This is the fourth time in a row that MPC has decided to keep the policy rate unchanged at 4%. The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
The CRR is the percentage of the total deposit that banks have to mandatorily park with the apex bank
Higher inflation projection rules out any rate cut possibility in the first half of FY22; bond yield jumps
RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned for all the LIVE updates
There are dedicated ombudsman schemes devoted to consumer grievance redressal in banking, non-bank finance companies and digital transactions, respectively, at present
The capital conservation buffer ensures that banks have an additional layer of usable capital that can be drawn down when losses are incurred
The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week
The other signals expected from the policy related to the rollback of measures announced during the pandemic
Projection for CPI-based inflation revised to 5.2% for Q4 of FY21, for H1 of FY22 at 5% to 5.2%, and for Q3 of FY22 at 4.3%
The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with the RBI
The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
There is an outside chance of the central bank announcing a rate cut in its monetary policy on Friday, since growth at any cost remains the mantra
Nishchal Maheshwari, Centrum Broking CEO, says that Budget 2021 should ensure that the recovery momentum is sustained
Ultra-low rates run the risk of enticing firms to borrow too much, they say