Tag «RBI»

FAITH makes SOS requests to Government to support Tourism

·         RBI survey indicates that tourism & hospitality most stressed sectors ·         Q1 GST & IT collections indicate tourism & hospitality non-performing sectors ·         Globally countries are stepping up support to Tourism, Travel & Hospitality New Delhi, Aug 5, 2020: Federation of Associations in Indian Tourism & Hospitality, the policy federation of all the national …

AMID MUCH SPECULATION, RBI CHOOSES TO PLAY HAWKISH

The Reserve Bank of India in its second bi-monthly policy review for the financial year 2018 – 19, has decided to increase the repo and reverse repo rates by 25 basis points. This monetary policy review, the RBI Governor Dr. Urjit Patel has decided to change its approach towards interest rates, Statuary Liquidity Ratio (SLR) …

UNCHANGED RATES BY RBI FAILS TO MEET MARKET EXPECTATIONS

The Reserve Bank of India in its bi-monthly policy review, has decided to maintain the status quo by keeping the key rates unchanged. In the fifth monetary policy review of the financial year and the last for this calendar year, RBI Governor Dr. Urjit Patel has left interest rates, Statuary liquidity ratio (SLR) and Cash …

NABARD celebrates 36th Foundation Day

Kolkata, 12 July 2017: Commemorating 25 years of pioneering the Self Help Group Bank linkage programme in the country, the 36th Foundation Day of NABARD was celebrated today by West Bengal Regional Office at Indian Council for Cultural Relations, Kolkata. The chief guest of the Foundation Day celebration was Shri Purnendu Basu, Hon’ble Agriculture Minister, …

“Performance of the BFSI sector is the barometer of the economy”- Deputy Governor, RBI, SS Mundra at ET BFSI Leadership Exchange Summit 2017

Mumbai: The Economic Times BFSI Leadership Exchange Summit 2017 held at The Leela, Mumbai, saw luminaries from the banking, financial services and insurance sector from India, UAE and Middle East discussing various aspects to bring in a paradigm shift in the way the BFSI sector will function in the future. The summit came into being …

Chanda Kochhar, MD and CEO, ICICI Bank on RBI credit policy

  The monetary policy statement indicates that the Indian economy continues to progress on the expected path, with improving growth indicators and inflation contained within the targeted range. The central bank has expressed strong confidence in the government’s commitment to fiscal consolidation. As the impact of monetary policy measures taken so far play out in …

RBI KEEPS RATES UNCHANGED, SECTOR NOT SATISFIED

In its fifth monetary policy of the calendar year and third of this fiscal year, the RBI announced that there will be no change in the rates in this policy review. With this decision, the repo rate stands unchanged at 7.25 percent, reverse repo rate at 6.25 percent, Statutory liquidity ratio (SLR) at 21.5 percent …