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The Reserve Bank of India came out with the 3rd Bimonthly Monetary Policy statement of this fiscal today. As expected by us, the RBI maintained its repo rate at 7.25% and kept the CRR and SLR unchanged at 4% and 21.5% respectively.
Read MoreIn line with our expectations, the RBI has kept key policy rates unchanged in its 2nd Bi-monthly Monetary Policy statement of this fiscal. However, the underlying tone of the policy remains accommodative, and would be guided by macro-economic data including the implementation of 7th Pay Commission recommendations, monetary transmission and the monsoons.
Read MoreIn line with our expectations, the RBI has reduced the benchmark repo rate by 0.25% to 6.5% in its first Bi-monthly Monetary Policy statement of the new fiscal year.
Read MoreIn Budget FY17 the finance minister maintained the fiscal consolidation roadmap as outlined in 2015 with the fiscal deficit target for the coming year at 3.5% of GDP.
Read MoreIn line with our expectations, the RBI has kept the policy rates unchanged in its 6th Bi-monthly Monetary Policy statement of this fiscal today. The underlying tone of the policy shifted to become more balanced from the dovish December policy as perceived by the market. However, RBI reiterated its accommodative stance, while noting that further … Continue reading 6th Bimonthly credit policy – Remain invested to grow
Read MoreIn line with our expectations, the RBI has kept the policy rates unchanged in its 5th Bi-monthly Monetary Policy statement of this fiscal today. RBI mentioned that the 50 bps cut in its previous policy in Sep 2015 was front loaded in response to weak domestic and global demand that was holding back investment.
Read MoreIn a welcome surprise, the Reserve Bank of India cut its policy Repo rate by 50 bps to 6.75% in its 4th Bimonthly Monetary Policy statement of this fiscal today. The RBI kept the CRR unchanged at 4% and cut the ceiling for holding SLR securities in HTM books for banks by 50 bps to 21.5%. RBI mentioned that bulk of its conditions mentioned in the previous policy for further accommodation have been met and that the Jan 2016 CPI inflation target is likely to be met.
Read MoreThe Reserve Bank of India came out with the 1st Bimonthly Monetary Policy statement for the fiscal year FY15-16. On the basis of its assessment of the current and evolving macro-economic situation, the RBI kept the policy rate unchanged with repo at 7.50%.
Read MoreFinance Minister Arun Jaitley has by and large done a balancing Act in the Union Budget 2015. While it created room for better profitability for corporates with the proposal for reduction in corporate tax, the Budget announced higher infrastructure spend to rev up the ailing economy as well as plans for maintaining the fiscal deficit at acceptable levels.
Read MoreRisk and uncertainty are part of everyone’s life and the purpose of insurance is to shift this major financial loss caused due to these uncertainties from individual to insurance companies.
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