Manappuram Group May Apply for Banking Licence
Kochi: Manappuram Group is contemplating applying for banking licence through its micro-finance arm. Inaugurating Manappuram Finances new regional office here, managing director and chief executive V P Nandakumar said that the group has also .
RBI to Cut Rates by 0.75% in 2015, starting February: BofA-ML
RBI Governor Says Public Debt Not a Problem Yet for India. RBI May Cut Interest Rates as Early as This Week: Analysts. The factors that are likely to lead to a rate cut early next year include bottoming of inflation, late rains and US Federal Reserves rate hike expectations, it said. In the recent past. In the last monetary policy, Dr Rajan left all key rates unchanged citing continued risks to inflation and difficult external situation especially on the geopolitical front.
Raghuram Rajan Gets Another Big Award, Praised for Leadership Style
I wish the RBI was running the American central bank. Your central bank has not been great but it has been a lot better than many other central banks. the people there at least understand the problem, Mr Rogers told NDTV in December. (Read the full.
Indias Central Banker Rajan in Defense Mode
In an hourlong interview Wednesday afternoon at the Reserve Banks headquarters overlooking Mumbais financial district, Rajan said that he was not feeling pressure to change the direction of monetary policy. He described a harmonious. Unlike the.
Deadline to Exchange Pre-2005 Notes Extended
Related News. RBI Keeps Rates On Hold, Affirms Accomodative Stance · Better Liquidity to Help Banks Cut Rates: Rajan · Rajan Says, US Fed Will Not Be Key to Determining Interest Rates · A Little Disappointed, Was Expecting a Rate Cut: Abheek Barua.
Markets week ahead: RBI rate decision to set tone for stocks.
US Federal Reserves outlook on its bond buying programme and the pace of foreign institutional investment flows would also be key in determining the direction of the market next week. Fears the US Federal Reserve could��.
BlackBerry Classic Non Camera QWERTY Phone Launched
BlackBerry has launched a non-camera variant of the Classic QWERTY smartphone exclusively for the Verizon Wireless mobile carrier. The handset might be a great option for some users who are not allowed to carry a smartphones with cameras to office due .
Shouldnt Over-Invest in Infrastructure: Raghuram Rajan to Prannoy Roy
Speaking to Dr Prannoy Roy, the RBI chief said that though the Indian economy is not in a phase of strong growth as yet, there is high possibility that the country will see strong growth over next two years. Here are the key things that Dr Rajan said.
Lawmaker offers $100000 to Charlie Hebdo attackers families
Khalid bin Mohammad Al-Attiyah, Qatars foreign minister, said his country would honor its agreement with the United States and that the released Taliban prisoners were being closely monitored. Several media reports in recent days have alleged that the .
Why Your EMIs May Start Falling This Week
In a report, Bank of America Merrill Lynch said, We continue to expect RBI Governor Rajan to cut policy rates 25 basis points on April 7 (and June) with the Budget meeting his pre-condition of fiscal consolidation and inflation set on his 6 per cent.
Budget: Inflation Targeting May Reduce RBI Powers, Say Analysts
Mumbai: The move to set up a separate Public Debt Management Agency (PDMA) to manage market government borrowings and public debt and also a Monetary Policy Committee for inflation targeting may reduce the powers of the Reserve Bank of India, .
Raghuram Rajan urges deep breath after market tumble.
I hope you all will do that. Dr Rajan addressed reporters after stronger-than-expected U.S. jobs data last week had sparked concerns about an early end to the Federal Reserves stimulus, hitting the rupee and sending Indian bonds and shares. Analysts also cited some comfort from the governors remarks on inflation given the RBI has raised interest rates by a half percentage point since September in two back-to-back actions as it fights off rising consumer prices.
Inflation Still a Concern, Says Raghuram Rajan
Mumbai: India is witnessing an avalanche of capital flows as central banks around the world are reducing interest rates to very low levels but the RBI is unable to cut interest rates very quickly due to high inflation, Governor Dr Raghuram Rajan.
Rate Decision Shows Division at Top of Reserve Bank.
Rajan started asking for data on Friday evening, a day before the budget was announced. He met a few senior officials on Monday evening about the prospect of cutting interest rates, though policymakers said that by then it��.
Interest Rates Likely to Come Down in 2015: BofA - NDTV.
The year 2015 is likely to see lower rates to support growth and the Reserve Bank is expected to cut key policy rates by 0.25 per cent in Februarys monetary policy review meet, says a Bank of America Merrill Lynch report.. RBI Governor Raghuram Rajan, during the last monetary policy review in December 2014, kept interest rate unchanged, saying that a shift in stance is premature but hinted that a cut may come in early 2015 if inflation continues to ease and��.
Raghuram Rajan Wins Praise for not Succumbing to Rate Cut Pressure
Mr Rogers said last week that he has more respect for the Reserve Bank than for the US Federal Reserve. I wish the RBI. This was not the first time that Dr Rajan came under intense pressure to cut rates, but the clamour for a rate cut was louder in.
Rupee Ends at 63.11, Sees biggest Gain in 7 Months.
Reserve Bank of India Governor Raghuram Rajan had called the prospect of U.S. rate hikes a risk to emerging markets given expectations that overseas investors may pare their bets on higher-yielding debt of countries such as India.. The fact that rate hikes will still be data dependant and Fed will be patient is positive for the rupee, said Hari Chandramgethen, head of foreign exchange trading at South Indian Bank, who does not expect a Fed rate hike until June.
Rajan Says US Fed Will Not Be Key to Determining Interest Rates
The Reserve Bank of Indias rate decisions are driven by domestic factors and the US Federal Reserve will not be the key factor while determining future rate moves, its chief Raghuram Rajan said after its annual policy review on Tuesday. The Reserve.
Rajan says repo rate hike not negative for growth - NDTV.
Reserve Bank of India Governor Raghuram Rajan said the hike made Friday in the key policy repo rate cannot be immediately viewed as negative for growth. He added that the repo rate hike affects 0.5 per cent of the entire��.
RBI May Leave Rates on Hold Next Week But Cut in June: Poll
Although the prospect of higher US rates has not triggered a selloff in the rupee, a Reuters poll showed it will weaken slightly over the coming year, which could push up prices for imports. �� Thomson Reuters 2015. Story first��.
RBI Expected to Cut Rates Again in June: Poll ��� NDTV Profit
The Reserve Bank of India (RBI) will lower interest rates further over the coming year but only gradually, according to economists polled by Reuters.. That is likely to support sentiment and aid growth in Asias third largest economy, which according to a new government calculation grew 7.5 per cent year-on-year in the final three months of last year. �� Thomson Reuters 2015. Story first. Billion Loan: Report �� Rajan Says India Prepared for US Fed Policy Shift Impact��.
RBI Policy Review: Relief for Borrowers Unlikely - NDTV Profit
That would coincide with expectations of the first rate hike by the US Federal Reserve, in a move that would start pulling the curtain down on almost five years of nearly zero per cent interest rates and trillions of dollars spent on stimulus. From the commentary of. At an RBI meeting in early August, Dr Rajan reaffirmed his commitment to bringing down inflation and said it was appropriate to continue maintaining a vigilant monetary policy stance. Consumer price��.
RBI Can Cut Policy Rates Even if Federal Reserve Hikes.
The Reserve Bank of India (RBI) could cut policy rates by 75-100 basis points starting early 2015 even if the Federal Reserve hikes rates next year, Bank of America Merrill-Lynch has said in a report.. Rate Cuts by RBI Not Stimulating Manufacturing Investment: Poll. Firstly, the rate differential between India and the US is already very high and secondly, forex reserves are key to rupee stability.. However, it has kept interest rate unchanged since April this year.
India Better Prepared for Federal Reserve Rate Hike: RBI.
RBI Governor Raghuram Rajans comments to a newspaper came on the heels of US jobs data which has heated up speculation over when the Federal Reserve is likely to raise interest rates. Any decision by the Fed to raise��.
RBI Unlikely to Change Repo Rate at Policy Review
Nair also noted that the RBI is waiting to see the impact of a possible hike in US interest rates by the Federal Reserve in early June, though even that appears less likely. Tuesdays scheduled review, coming after the first full budget presented by.
Rajan meets Chidambaram ahead of his first policy review.
We have recommended a cut in CRR (cash reserve ratio), repo rate and asked RBI not to restrict the MSF (marginal standing facility) to a particular number., State Bank of India (SBI) chairman Pratip Chaudhuri said. As the festival. Another key development that Dr. Rajan will keep his eye on is the US Fed meeting, where Ben Bernanke is likely to announce measures to rein in the Feds $85 billion-a-month bond buying programme.. Follow NDTV on Pinterest��.
RBI Policy Review: Go Long on Banks say Experts
Some analysts believe that the Reserve Bank of India governor Raghuram Rajan may consider going in for a rate cut as the inflation has moderated. Improving fiscal situation after the government raised over Rs. 22,000 crore by selling its stake in Coal.
Raghuram Rajan Explains His Global Crash Warning
Reserve Bank of India Governor Raghuram Rajan on Monday said his warning about a global markets crash last week was not aimed to preempt another crisis, but to highlight the pitfalls of using monetary policy to revive growth. My colleagues.
Budget: Inflation Targeting May Reduce RBI Powers, Say.
Another analyst who does not want to be named also echoed similar views saying the recommendations of the FSLRC that may impact on the powers of the RBI or having a single financial sector regulator by merging all the. He had said Parliament should set an inflation target for the central bank instead of the current discretion-based targeting of inflation, and set up a monetary policy committee a la the US Fed Open Market Committee.. Follow NDTV on Pinterest��.
Nobody Knows How Much Black Money is Stashed Abroad.
Stating that the exact amount of black money stashed away in overseas tax havens is unknown, Reserve Bank of India Governor Raghuram Rajan on Tuesday said lower income tax rates will help curb generation of such illicit funds.. Mr Rajan parried a query on what is in store on December 2 as pressure is mounting on the RBI to slash interest rates. The RBI. After assuming office in September 2013, he has increased key rates thrice to 8 per cent to fight inflation.
Cant Flip-Flop on Interest Rate: RBI Governor - NDTV Profit
Mr Rajan, who has kept the key policy rate at 8 per cent since January, said India has not fully solved the supply side problems and hence people will get more inflation over time. Its not that the RBI is against growth, it is for sustainable growth. Our horizon is sometimes longer than those who want us to cut. They are seeing next quarter profits. Let us look at the next year and year after, just down the line how profitable you are, he said. Mr Rajan further said that��.
Xiaomi Redmi Note 4G Reportedly Receiving MIUI 6.3.5 Update in India
The official changelog for the new update is not available currently. According to TheNextDigit, the MIUI 6 (v6.3.5.0) update for the Redmi Note 4G is now available to download and is about 577MB in size. The stable MIUI 6 (v6.3.5.0) update primarily.