RBI governor warns NBFCs pursuing ‘growth at any cost’
Some NBFCs are aggressively pursuing growth without building up sustainable business practices and risk management frameworks, says Shaktikanta Das.
Some NBFCs are aggressively pursuing growth without building up sustainable business practices and risk management frameworks, says Shaktikanta Das.
The change in stance provides flexibility to the MPC while enabling it to monitor the progress on disinflation which is still incomplete.
MPC member Jayanth Varma says it is depressing that India's projected growth rates for 2024-25 and FY26 are significantly lower than the potential growth rate of the Indian economy.
With spillovers to costs, service charges and output prices, the danger of food inflation surfacing as a more generalised phenomenon has increased, says RBI paper.
Deputy RBI governor Michael Patra said that there doesn't seem to be much exposure to equities in household savings.
Indian banks have been boosted by rising profitability and declining non-performing assets.
Jayanth Varma voted to reduce the repo rate by 25 basis points and to change the stance to neutral.
The final leg of this disinflation journey may be tough, says RBI governor Shaktikanta Das
The mega dividend will give a fillip to the central government’s fiscal position, which may lead to additional spending or fiscal consolidation or a combination of both, says Ind-Ra.
RBI says the Indian economy showed resilience in 2023-24 despite protracted geopolitical tensions and volatile global financial markets