Lights, camera, action...... but no (rate) cut...............

"Policy" in Media - Click on the following links to read more.................

India Inc disappointed with RBI for not cutting rates


India interest rate unchanged on inflation fears


RBI keeps rates unchanged, disappoints industry & stock market


Economists React: RBI Stands Pat on Rates


RBI stuns, keeps rates steady as growth crumbles


Overall inflation a worry: RBI


RBI policy review brings no smiles for borrowers, key rates unchanged


Bankers miffed, but economists hail RBI stance


Rates lower than in 2003-08, other forces impacting growth: RBI


Chambers disappointed with RBI’s monetary stance


RBI was right in not cutting interest rates: Prashastha Seth, IIFL Wealth


It is too early to feel comfortable about inflation: Gaurav Kapur


RBI to government: We’ve done enough, it’s your turn now


RBI's decision disappoints borrowers

Monetary policy: ‘Growth takes backseat, inflation comes to forefront’

Subbarao’s signal: Done enough, time for govt to act

Salaam, Subbu! The Good Doctor gives us a bitter medicine

Perspective: Has RBI left growth to fend for itself?

Why Subbarao told the finmin to take a walk

RBI is so very wrong

Six reasons why Subbarao kept rates unchanged

RBI won’t play to gallery, keeps key rates unchanged

Anand Sharma wants RBI to rethink on rate issue

RBI not touching interest rates shows 'disconnect' with govt: BJP

Gutsy RBI Holds Rates

RBI's communication flip-flop baffles market

Ambit’s Holland Says Lower Rates Alone Won’t Boost India Growth

RBI Hunkers Down

Decoding RBI's monetary policy: the what and why of it

Rationale for status quo

Inadequate response

A do-nothing RBI policy

Missing a ‘rate’ trick

A difficult policy choice

Monetary policy: Is the transmission mechanism really effective?

.....A leading bank has reduced interest rates by up to 350 basis points for certain categories of borrowers even before the RBI’s mid-quarter policy review. Does this mean that there is no relationship between policy announcements and action by banks?........

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Mangled remains of the car.......

Mangled remains of the car in which 3 RBI officials were killed in car-truck collision

Kiran Sethi's photo was not readily available at the time of uploading this news

Rs 5 lakh cheque that can't be encashed!

A woman who was given a fit for discharge certificate by a mental hospital three years ago after suffering from schizophrenia, has been prevented by her bank from depositing a near-expiry Rs 5 lakh cheque....................

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Use of Securitisation Act by cooperative banks challenged in Guj HC

.....He has further claimed that Securitisation Act was not applicable to the cooperative banks formed under the state acts as there is already a mechanism for recovery under those state Act, in this case it is Gujarat Cooperative Societies Act, 1961. Also, the Act was applicable to “a company engaged in banking, and not a cooperative society engaged in banking”,......

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RBI move to have more political leaders on currency notes can trigger needless acrimony

The RBI’s move to add Dr BR Ambedkar, Chhattrapati Shivaji Maharaj, Pt Jawaharlal Nehru and Indira Gandhi as faces on currency notes will lead to needless acrimony

According to a report in the Times of India, the Reserve Bank of India (RBI) is working on plans to added leaders such as Dr BR Ambedkar, Chhattrapati Shivaji, Jawaharlal Nehru and Indira Gandhi as faces on currency notes along with Mahatma Gandhi. Is this a good move? Or will it only unleash a storm of jousting and lobbying by politicians about precisely which leader is accorded the honour?

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RBI to RRBs: Stop charging prepayment penalty on home loans

......"It has, therefore, been decided that Regional Rural Banks will not be permitted to charge foreclosure charges or pre-payment penalties on home loans on floating interest rate basis, with immediate effect," RBI said in a notification.........

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Finance ministry, central bank's tense partnership on Pranab's watch

.....Tension between North Block and RBI has been brewing for some time. Central bank officials point to the increasing intervention of the finance ministry in RBI activities in recent times. The government was also seen to be trying to micro-manage banks and issuing guidelines to them, which RBI thought came strictly under its purview. For example, the ministry recently issued norms for consortium lending by public sector banks.  RBI has now decided to pursue the matter by writing to the government. A letter has been send to the government, detailing how the finance ministry had encroached upon the regulator's territory......

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Will respond quickly to any adverse development due to global turmoil: RBI

"... recognising that the global situation is turbulent, the Reserve Bank stands ready to use all available instruments and measures to respond rapidly and appropriately to any adverse development," Reserve Bank of India (RBI) said in its mid-quarterly review.....

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Hike in export refinance limit to bridge liquidity gap: M&M

The central bank's move to keep rates unchanged disappointed both the equity and bond markets. However, the Reserve Bank has decided to enhance the export credit refinance (ECR) limit to 50% of the outstanding rupee export credit for banks, from 15%. This move will inject Rs 30,000 crore into the system. Welcoming this step, VS Parthasarathy of Mahindra and Mahindra (M&M) highlighted the dual impact of this move. "It gives two impacts, it gives liquidity and secondly it has a basis of getting rates reduced for the exporter or it gives a little bit of cushion for the bank to act the way that they want.".........

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Time to redress the governance deficit

......The Government’s massive borrowing programme has not only pre-empted funds available for private players but also, in the process, pushed up the borrowing costs for trade and industry. In such a situation, where the monetary brakes applied by the central bank as many as 13 times did not lead to desirable results with the fiscal mess remaining the Achilles’ heel of the economy. Given the coalition Government’s inability to institute cost recovery in items such as diesel, when the global crude price was on a rollercoaster, price stability is but a lost cause.......

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