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Urjit patel

Central Bank Board Meets – Govt Wants to Capture Central Bank to Gain Control of its Rs 9 Lakh Cr Reserves

Last Updated On November 19, 2018 9:51 AM by Neal Bhai

Ahead of the Reserve Bank of India (RBI) Board meeting today, Congress leader P Chidambaram on Sunday alleged that the central government was determined to “capture” the bank to gain control over its Rs 9 lakh crore reserves.

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Urjit Patel May Resign LIVE Updates: Section 7 of RBI Act Has Not been Invoked

Last Updated On October 31, 2018 10:17 AM by Neal Bhai

Sources in the ministry of finance told Firstpost that Section 7 of the RBI Act has not been invoked. However, two letters were sent to RBI last month in which “Section 7 was quoted”, highlighting the existence of powers under the Act that allows the government to issue directions to the central bank on “matters of public interest”.

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RBI Made Fool – Repo Rate Kept Unchanged – Neal Bhai

Last Updated On October 5, 2018 3:02 PM by Neal Bhai

The RBI today kept repo rate unchanged at 6.5%. The top management of the RBI will later interact with the media after the announcement of the monetary policy.

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Reserve Bank

Read Alert – RBI Policy: Rate Hike Certain, Liquidity, Currency

Last Updated On October 5, 2018 2:20 PM by Neal Bhai

A rate hike is almost certain. It is likely to be a quarter percentage (increase in repo rate) but the probability of a 50 bps increase is not ruled out,” said Saugata Bhattacharya, Chief Economist at Axis Bank.

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  • Top Midcap Losers Today : Suzlon Energy, Deepak Nitrite, Glenmark Drag Nifty Midcap 150 Index
  • Vikram Solar IPO GMP Today : GMP, outlook, date, price, All details in 10 points about upcoming IPO
  • XAU/USD Ready For Big Dhamaaka – Neal Bhai (2025)
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