RBI guidelines on restructuring of advances to MSMEs

Micro, Small and Medium Enterprises (MSMEs) form an important component of the Indian economy and contribute significantly to the country’s GDP, exports, industrial output, employment generation, etc. Considering the importance of MSMEs in the Indian economy, it is considered necessary at this juncture to take certain measures for creating an enabling environment for the sector.…

Shaktikanta Das is new RBI governor

With the appointment of Shaktikanta Das as the new governor of the RBI, the top position at the central bank returns to a career bureaucrat after a gap of five years when D. Subbarao demitted office in 2013

HIGHLIGHTS OF FIFTH BI-MONTHLY MONETARY POLICY 5TH DECEMBER 2018

The Monetary Policy Committee of RBI on 5th December 2018 reviewed the monetary policy and kept the repo rate unchanged at 6.50 per cent in its fifth bi-monthly monetary policy decision of FY19 on Wednesday. The reverse repo rate, also remained unchanged at 6.25 per cent. However, it announced statutory liquidity ratio (SLR) will go down by…

Rupee is still better than its emerging market peers: Urjit Patel

“Value of rupee is determined by the market forces”.On a day the rupee breached the 74-mark against the US dollar for the first time, RBI Governor Urjit Patel said Friday that the domestic currency is still better than its emerging market peers. He maintained that the value of rupee is determined by the market forces and the RBI does not have any “target or band” around any particular level of the exchange rate.