RBI governor Sanjay Malhotra (File photo) MUMBAI: Despite rising protectionism around the world, India remains committed to market reforms, according to Sanjay Malhotra, governor of the Reserve Bank of India. Speaking at an event organised by the Confederation of Indian Industry and the US India Strategic Partnership Forum on Friday, Malhotra pointed to the new…
MUMBAI: RBI has moved to tighten oversight of gold-backed lending. In draft guidelines released on April 3, the central bank proposed a uniform cap on the loan-to-value (LTV) ratio for gold loans, limiting it to 75% of the collateral’s worth. For NBFCs, this ceiling will apply uniformly, regardless of whether the loan is for consumption…
MUMBAI: RBI governor Sanjay Malhotra said he was more concerned about the impact of tariffs on growth rather than inflation, given the constraining effect of US President Donald Trump‘s levies on the global economy.“First and foremost, uncertainty in itself dampens growth by affecting investment and spending decisions of businesses and households. Second, the dent on…
The MPC also decided to change the stance from neutral to accommodative. RBI MPC meeting: The Reserve Bank of India (RBI) governor Sanjay Malhotra announced that the Monetary Policy Committee (MPC) has unanimously decided to cut the key policy repo rate by 25 basis points to 6%. He also said that the GDP growth outlook…
Economists and market analysts widely expect the RBI to cut the repo rate by 25 basis points. RBI MPC meet date, time: The Reserve Bank of India (RBI) governor Sanjay Malhotra-led Monetary Policy Committee (MPC) is meeting this week to deliberate on repo rate, liquidity conditions in the economy, CPI inflation and GDP growth outlook…
MUMBAI: RBI governor Sanjay Malhotra in his maiden monetary policy committee (MPC) meeting had said that it was an ‘appropriate time’ to cut rates, given the macroeconomic outlook and expected inflation alignment with the target. Malhotra had argued that monetary easing, along with agricultural growth and budgetary measures, would stimulate household consumption, housing investment and…
RBI MPC meet: This is the first time in five years that the RBI’s MPC has decided to cut the repo rate. RBI MPC meet: The Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced that the Monetary Policy Committee (MPC) has decided to cut the repo rate by 25 basis points. After…
NEW DELHI: Senior civil servant Arunish Chawla has been appointed the new revenue secretary on Wednesday. Currently serving as the pharmaceuticals secretary, Chawla, who belongs to the 1992 batch of IAS officers from Bihar cadre, will head the department of revenue in the ministry of finance. This position was vacant after Sanjay Malhotra‘s appointment as…
MUMBAI: RBI governor Sanjay Malhotra on Monday asked colleagues to “strive for perfection” and support the realisation of the Viksit Bharat vision. The career bureaucrat appointed to lead the central bank “reassured” staffers that RBI, an “august institution”, is his “family” now. “I exhort you to strive for perfection in performing our critical roles as…
RBI governor Sanjay Malhotra Sanjay Malhotra, who took over as RBI’s 26th governor on Wednesday, said stability, trust and growth will remain the central bank’s core values. “India’s growth trajectory must continue, and RBI will play a key role in fostering it. Financial inclusion is central to this effort,” he said in Mumbai.The ex-revenue secretary…
