“On the back of the Union Budget, the Monetary Policy also aims to provide impetus to the economy and the industry. The announcement of incentivising of bank credit to certain sectors is encouraging. The projection of rural incomes increasing in future is in line with Bandhan Bank’s experien...
A letter of the concerning matter regarding the refund had been forwarded to SBBJ Bank (Head Branch included) but no action has been taken till date in this regard. Due to this inconvenience we have faced not only monetary setback but have also been mentally harassed because of our continuous...
Given the absence of any well defined framework, it is possible that monetary policy experienced multiple regime shifts as a consequence of overall macroeconomic developments as well as the discretionary setting of the policy rate by various RBI Governors. We apply a multivariate Markov-switching ...
5. Banks have kept savings deposit rates unchanged in the current tightening period as per RBI’s Monetary Policy report for April. However, banks have increased term deposit rates during this period. As per the report, increase in term deposit rates in the current tightening cycle has been mo...
International Monetary Fund (2020). Digital Money across Borders: Macro-financial Implications. IMF Policy Papers, no 2020/050. Google Scholar Keister, T., & Monnet, C. (2022). Central Bank Digital Currency: Information and Stability. Journal of Economic Dynamics and Control, forthcoming Google...
The six-member Monetary Policy Committee (MPC), which has paused rate changes since August last year, unanimously decided to keep the benchmark repurchase rate at 4 percent and voted 5-1 to retain its accommodative policy stance as long as is necessary, reflecting a continued bias to support ...
(AD banks) are permitted to regularise cases where dispatch of shipping documents was made by the exporter directly to the consignee or his agent if the amount per export shipment is up to USD 1.0 million or its equivalent. It has been decided to remove the monetary ceiling to enable A...
However, the RBI report did not include any details about thecentral bank’s digital rupee project. In another portion of the document, the central bank did concede that internationalization of the rupee was inevitable but added that such a move would complicate monetary policy formulation and impl...
Tata Realty & Infrastructure Limited’s reaction on the RBI Monetary Policy announcement “The RBI’s decision to further cut repo rate by 35 basis points to 5.4% is a well-timed move as the country prepares for the festive season. The move is expected to improve buying sentim...
RBI takes into account retail or consumer price index (CPI) based inflation for formulating monetary policy. Topic: Banking System 3. AU Small Finance Bank has claimed to be India’s first bank to provide 24X7 video banking facility for 365 days. ...