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Seventh Bi-monthly Monetary Policy Statement, 2019-20 – Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India

A day after Modi govt began its economy rescue in right earnest with a Rs 1.70 lakh crore coronavirus counter, the Reserve Bank of India joined the big fight today with a host of measures aimed at minimising the damage from Covid-19.
These measures come just hours after Moody’s Investors Service cut India’s growth forecasts for 2020 calendar year to 2.5% from 5.3%. The MPC decided by 4-2 majority to reduce repo rate by 75 basis points to 4.4 per cent. The reverse repo rate was cut by 90 bps to 4 per cent, creating an asymmetrical corridor.

Fifth Bi-monthly Monetary Policy Statement, 2019-20 – Key Highlights

RBI Monetary Policy Highlights: Future repo rate cuts not being ruled out, says Shaktikanta Das. Despite an expectation of 25 bps repo rate cut, MPC maintained status quo on repo rate at 5.15 percent and accommodative stance.

RBI policy: Highest cumulative repo rate cut in 10 years

The repo rate was cut by 135bps so far in CY19. The last time the repo rate saw such a large cumulative cut in a year, was in 2009.

Fourth Bi-monthly Monetary Policy Statement, 2019-20 – Highlights & Key Takeaways

RBI has cut repo rate by a further 25 basis points. This is the fifth straight rate cut as RBI aids government in boosting economy.
Central bank has lowered GDP growth estimate from 6.9% to 6.1%

Why the RBI’s measures for NBFCs may not ease the sector’s pain ?

Banks have been lending only to good quality NBFCs; they may continue to be wary of risky assets.

RBI’s IInd Bi-Monthly Monetary Policy Review as on 6th June 2019

– RBI cuts repo rate for 3rd time in a row by 25 bps to 5.75%. The repo rate, which now stands at 5.75 per cent, is the lowest since July 2010. – RBI delivers another rate cut, shifts policy stance to ‘accommodative’. The Reserve Bank of India (RBI) on Thursday the 6th June 2019,…

RBI maintains status quo, keeps repo rate unchanged at 6%

Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR)

Factors and Policy affecting Bankers

A good and informative article shared from my friend Shri Arvind Mannur’s post:MAJOR POLICIES THAT AFFECT BANKS:All the major policy matters decide the destiny of banks. Look at the following:1. MONETARY POLICY decides the volume of business growth, interest rates on deposits & lending, and all other prudential regulations.2. FISCAL POLICY decides the tax matters…

Five of the six members of the Monetary Policy Committee (MPC) were of the view that the effect of withdrawal of Rs. 500 and Rs. 1,000 bank notes, as part of the government’s demonetisation drive, on the economy is likely to be transient.

Tag: Monetary Policy

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Budget 2025: Top 10 key takeaways from FM Nirmala Sitharaman's speech

Nirmala Sitharaman Budget Speech LIVE -Union Budget 2025

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Budget 2025: Top 10 key takeaways from FM Nirmala Sitharaman's speech

Nirmala Sitharaman Budget Speech LIVE -Union Budget 2025