Tag: RBI
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Bajaj Finance, RBL Bank fall as RBI grants only 1 more year to co-branded credit cards
RBI has not yet allowed NBFCs to launch credit cards so most NBFCs have opted for the co-branded route. Bajaj Finance has credit card partnerships with RBL Bank and DBS Bank. While DBS Bank partnership is one-year old, the one with RBL Bank is a long standing one that started in FY18. Observing “serious deficiencies”…
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Market achieves new milestones on robust GDP data, inline RBI policy
December 09, 2023 / 09:41 AM IST Favourable global as well as domestic cues helped the Indian market to post biggest weekly gain since July 2022 and also achieved the fresh milestone in the week ended December 8. In this week, BSE Sensex rose 3.47 percent or 2344.41 points to close at 69,825.60, while Nifty50…
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RBI looks cautious, may find it difficult to cut rates ahead of US Fed
RBI may only get a chance to cut rates around the August 2024 policy. By Indranil Pan, Chief Economist at Yes Bank India appears to be in a sweet spot – high growth that exceeded everyone’s expectations and containment of inflation dynamics to an extent. The backdrop to this policy was a slowing inflation, especially…
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View: RBI will likely change stance to neutral starting early FY2025 only
RBI unlikely to change its policy stance in FY24 By Deepak Agrawal, CIO – Debt at Kotak Mutual Fund The macro-economic pitch has improved from the last policy. Global yield lowers, GDP growth for FY24 now projected at 7 percent and CPI inflation for April-December 2024 projected at 4.63 percent. Some segments of the market…
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Moneycontrol Pro Panorama | RBI action to decide market trend
Markets are likely to pause till the next trigger gives them a reason to move. Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that…
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Will RBI follow up on November action on personal loans?
As on October 20, personal loan growth stood at 30 percent, with credit card outstanding and other personal loans up 28 percent and 25 percent, respectively. Could the Reserve Bank of India (RBI) be mulling over more restrictions to curb the growth in personal loans? There is an expectation in some quarters that the Indian…
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RBI likely to opt for a prolonged pause until middle of next year
The focus of the monetary policy has remained on keeping the liquidity conditions tight, after a pause in April 2023. The need to keep liquidity conditions tight is driven by the upside risk to inflation from successive food price shocks. Adverse weather events have resulted in more than 50 percent of the CPI food basket…