Repo rate lowered by 25 bps trate o 6% to boost growth.
6 member MPC comittee of RBI voted 4-2 to reduce the policy repo rate by 25 bps.
According to credit suuse, while a rate cut was expected, two M?C members voted against it, it was negative for the market.
The Continued neutral stance was also s with no room for a fiscal stimulus the urprising .it also said that with no room for a fiscal stimulusthe MPC’s caution on rate cuts keep us concerned.
Falling rates to help; rise in group exposure limits will support large companies Indian Corp orates have hailed this move by RBI to cut the repo rate by 40 bps and to allow commercial banks Read more…
Section 35A may be invoked to let Control bank refer cases to IBC/Feb 12, 2018. what is section 35A. It empowers the Centre to authorize the RBI to issue directions to lending companies to intiate Read more…
A lack of claarity on the impact of supreme court order, quashing the RBI February,12 2018 circular it has delayed the state sale process of cash starved jet airways. Banks are awaiting approval from RBI Read more…
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