RBI policy review: Growth push strategy, stand on cash ban and farm loan waiver

THE ECONOMIC TIMES Wed, Jun 07, 2017 | 07:15 PM IST ET Special Newsletter

RBI policy review: Growth push strategy and stand on cash ban RBI in its second monetary policy review of this financial year kept the repo rate unchanged at 6.25%. The bank had last changed the policy rate on October 4, 2016, when the policy rate was cut by 25 bps. Here's the complete coverage.

RBI maintains status quo, keeps repo rate unchanged at 6.25% Analysts believe RBI was awaiting more clarity on monsoon outcome and impact of GST.... RBI stays pat: Here's what experts say The MPC, however, cut Statutory liquidity ratio (SLR) by 50 basis points to 20 per cent starting June 24.... GST will not fuel inflation: Key takeaways from RBI rate review The vote by RBI's MPC was 5-1, the first dissent in 5 meetings since MPC was formed.... Sensex, Nifty50 end on a positive note as RBI keeps repo rate unchanged The S&P BSE Sensex rose 81 points to end the session at 31,271, with Reliance Industries, ICICI Bank and Maruti being the major contributors to the... Urjit Patel-led MPC raises concerns over farm loan waiver by states RBI said the risk of fiscal slippages, which can entail inflationary spillovers, has risen.... Governor Patel says wrong to say cash ban shrank Q4 GDP Patel pointed out that private consumption actually accelerated in third quarter.... Bad days for savers; select debt funds offer only hope Your FD will yield you less in the present scenario, Abheek Barua of HDFC Bank said.... RBI favours targeted credit push to fuel economic growth RBI will soon come out with steps in this regard, said Deputy Governor, Viral Acharya.... What RBI said about stock, currency markets in its policy review The central bank noted that financial markets have shown resilience to geopolitical events.... Firms can only issue masala bonds post RBI nod Masala bonds are catching up fast as a source of raising fund from overseas markets.... Cut in SLR rates to prod banks to lend more: Dinesh Kumar Khara, SBI Banks are flush with liquidity but corporate need to come out with bankable investment ideas for banks to lend them money, says Dinesh Kumar Khara ... No repo rate cut by RBI: Home loan rates may still come down Recently few banks reduced their home loan rates and may cut further given the push to the housing sector that is being witnessed in the country.... For the first time one member differed on RBI policy rate decision Of the six members, both external and internal, one external member Ravindra Dholakia was not in favour of a pause in policy rate.... Not so much dovish, it was more a wait and watch policy: Shanti Ekambaram, Kotak Mahindra Bank The policy says they do not want disruptive reversals later and would rather wait, see data and move on.... RBI acknowledges change in growth inflation dynamics: Sajjid Chinoy, JPMorgan At this point, it is difficult for MPC to disentangle how much of this is transitory and related to demonetisation...

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