The policy ecosystem has clearly changed dramatically since the December policy. In the first week of December, the RBI went into the MPC meeting with the last CPI number at 6.22% - i.e. above the 2-6 ...

Mumbai: With the government unveiling a growth-supportive budget focused on fiscal prudence, all eyes are now on the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decision ...

Newly appointed Reserve Bank of India Governor Sanjay Malhotra called for banks to actively lend to other banks in the call money market. Currently, lenders are just passively parking their money with ...

RBI governor Sanjay Malhotra cut policy rates for the first time in five years, making loans cheaper for homes, cars, and MSMEs. This move aligns with recent tax cuts aimed at boosting consumption and ...

7. Will the bank shut down permanently? No, the bank’s licence has not been revoked. It will continue to operate under restrictions, and the RBI will review its financial condition in six months.

RBI governor Sanjay Malhotra announced a 25 basis points cut in the benchmark repo rate to 6.25%, the first reduction in five years. New Reserve Bank of India or RBI governor Sanjay Malhotra on ...

The Reserve Bank of India (RBI) will conduct a USD/INR buy-sell swap auction of USD 5 billion on January 31 to inject liquidity into the banking system. This is part of the RBI's Rs 1.5 lakh crore ...

We expect the RBI to frontload its rate cuts and deliver another rate cut in the ... its desire for increased participation in the call money market. Going forward, we expect a shallow rate ...

No. The RBI has not cancelled the bank’s licence, meaning it can still function under restrictions. However, the RBI will continue to monitor its financial condition and may take further action if ...

The RBI money policy committee (MPC) voted unanimously to cut the repo rate and maintained its monetary policy stance at "neutral". The MPC noted that though growth is expected to recover ...

The Reserve Bank of India (RBI) has superseded the board of New India Co-operative Bank in Mumbai, citing poor governance standards. The bank faces restrictions on withdrawals and loan issuance.