Mumbai, Feb 6 (IANS) Reserve Bank Governor Sanjay Malhotra announced on Friday that the Central Bank proposes to permit commercial banks to extend finance to Real Estate Investment Trusts (REITs), subject to appropriate prudential safeguards.He said that the step is being taken as there is a strong regulatory and governance framework for listed REITs now.REITs and Infrastructure Investment Trusts (InvITs) were conceptualised in India with a view to free up banks’ funds in completed and operati…
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Mumbai, Feb 6 (IANS) RBI Governor Sanjay Malhotra announced on Friday that the RBI is drawing up fresh rules on compensation for customers of banks in case of small-value fraudulent transactions.The extant instructions on limiting the liability of customers in unauthorised electronic banking transactions were issued in 2017, which deal with scenarios and timelines for zero or limited liability of a customer. In view of the rapid adoption of technology in the banking sector and payments systems, …
Mumbai, Feb 6 (IANS) The Reserve Bank of India has raised its real GDP growth projections for Q1 and Q2 of 2026-27 to 6.9 per cent and 7.0 per cent, respectively, RBI Governor Sanjay Malhotra announced on Friday.Explaining the rationale behind the hike in the growth forecast, Malhotra said, looking ahead, sustained buoyancy in the services sector, GST rationalisation, healthy rabi prospects, monetary easing and benign inflation environment should support private consumption. Investment activity,…
Mumbai, Feb 6 (IANS) RBI Governor Sanjay Malhotra announced on Friday that the Monetary Policy Committee has unanimously decided to keep the policy repo rate unchanged at the current level of 5.25 per cent and stick to the neutral monetary policy stance.The RBI Governor said that the decision to maintain the status quo in the policy rate had been taken after careful consideration of the macroeconomic conditions and the outlook for the economy ahead.He said that since the last monetary policy mee…
New Delhi, Feb 4 (IANS) After the Union Budget 2026 and the historic India-US trade deal, all eyes are now on the three-day Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting that begins from Wednesday, with the key repo rate decision on Friday.Economists believe RBI Governor Sanjay Malhotra-led MPC is likely to pause any further policy rate cut. The Central Bank is rather set to undertake direct measures to tackle liquidity, bond stability and currency-related risks.The RBI…
Mumbai, Jan 17 (IANS) US Ambassador to India, Sergio Gor, on Saturday said he met Reserve Bank of India’s (RBI) governor Sanjay Malhotra here, and discussed areas of increased cooperation.Gor also visited the US Consulate in Mumbai during his first trip to the financial capital.“Very much enjoyed meeting RBI Governor Sanjay Malhotra. We discussed areas of increased cooperation, including new state-of-the-art US technology,” Gor said in a post on X.According to the US envoy, India will be i…
New Delhi, Jan 14 (IANS) India’s inflation rate based on wholesale prices was estimated at 0.83 per cent for December 2025 compared to the same month of the previous year with the positive rate primarily due to the increase in prices of manufactured goods and minerals, according to figures released by the Commerce and Industry Ministry on Wednesday.Food inflation was estimated at 0 per cent as there was no increase in the wholesale prices of food in December, compared to the same month of the …
New Delhi, Jan 12 (IANS) India’s inflation rate, based on the Consumer Price Index (CPI), was estimated at 1.33 per cent for December 2025, which is marginally higher than the corresponding figure of 0.71 per cent for November.Food inflation remained in the negative zone during December at (-) 2.71 per cent, as prices of food goods fell compared to the same month of the previous year. Food inflation has now stayed negative for the seventh month in a row, easing the burden on household budgets….
New Delhi, Jan 5 (IANS) As the Indian economy continues to grow over robust policy reforms and strong consumption, Bank of America (BofA) has raised the country’s GDP growth projection to 7.6 per cent for current fiscal (FY26), from its earlier estimate of 7 per cent.BofA has also upgraded its India GDP estimate for fiscal year 2027 to 6.8 per cent, compared to the previous estimate of 6.5 per cent for FY27.The global brokerage firm said in its latest note that India’s incoming data “warrant…
Mumbai, Dec 23 (IANS) The Reserve Bank of India (RBI) on Tuesday announced a fresh set of steps to inject a large amount of money into the banking system to ease tight liquidity conditions. Through a mix of open market operations (OMOs) and a foreign exchange swap, the central bank will add nearly Rs 3 trillion to the system over the coming weeks.As part of the plan, the RBI will buy government bonds worth Rs 2 trillion through OMOs.These purchases will be done in four equal tranches of Rs 50,00…