The 12-minute speech by Sudarshan Sen focused on why all banks, not merely internationally active ones, should maintain a higher minimum capital than what is prescribed under the Basel framework
The benchmark yield slid to a new eight-month low of 7.42% as against previous day's close of 7.44
Growth momentum is expected to accelerate in FY20 compared to FY19 and bank credit growth has already started increasing
The RBI has mandated a minimum level of 'loan component' in fund-based working capital finance for larger borrowers and issued final guidelines
RBI Governor Urjit Patel indicated that the policy course could change soon, depending upon the movement in oil prices
Over the past two months, the RBI has also infused liquidity through the term-repo window, in addition to the liquidity-adjustment facility
Urjit Patel chose not to answer any question on RBI's relationship with the government
A change in stance (to neural) or even a rate cut is not ruled out next year, writes Tamal Bandyopadhyay.
RBI said it was willing to reconsider its stance if there were favourable macroeconomic indicators
The assessment of the MPC for growth and inflation outlook is consistent with that of the government Garg said
RBI might have chosen to err on the side of caution
The calibrated reduction in statutory liquidity ratio (SLR) will continue till it reaches 18 per cent. The current SLR is 19.5 per cent
On the surprising dip in inflation lately, Patel said more dataprints are needed to ascertain its durability
RBI kept interest rates unchanged but held out a promise to cut them if the upside risks to the inflation do not materialise
will reinforce the confidence of homebuyers and they will be encouraged to go ahead with their plans to buy house
In order to align the SLR with the LCR requirement, the MPC decided to reduce the SLR by 25 basis points every calendar quarter until the SLR reaches 18 per cent.
India's economic growth fell to 7.1 per cent in the second quarter (July-September) of the current fiscal, from 8.2 per cent in the April-June period
In policy review in October, RBI had projected retail inflation to be around 3.9-4.5%
The big surprise in the tone is that while risks have been highlighted in terms of inflation in general and other global factors, liquidity does not find any mention
SLR cut by 25 basis points to 19.25 per cent from January 1, 2019. The central bank also said that SLR would be reduced by 25 basis points every quarter