Monetary Policy | Corporate Law Reporter

Standing Liquidity Facilities for Banks and Primary Dealers

RBI/2012-13/490 MPD No.BC. 364/07.01.279/2012-13 May 3, 2013 To All Scheduled Banks [excluding Regional Rural Banks(RRBs) ] and Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities for Banks and Primary Dealers Please refer to the Monetary Policy Statement 2013-14 dated May 3, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been… Read More

Tags: Bank, Basis point, Central bank, Liquidity Adjustment Facility, Market liquidity, Monetary policy, Regional Rural Bank, Repurchase agreement

Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013

RBI/2012-13/488 DBOD.No.Ret.BC.91 /12.01.001/2012-13 May 3, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Annual Monetary Policy Statement 2013-14, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013. 2. All penal interest rates on… Read More

Tags: Bank Rate, Basis point, Commercial bank, Interest, Monetary policy, Percentage, Percentage point, Reserve requirement

RBI Clarification – Priority Sector Lending – Targets and Classification Revision of Limits

RBI/2012-13/487 RPCD.CO.Plan. BC 72/04.09.01/2012-13 May 03, 2013 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks) Madam/Dear Sir, Priority Sector Lending-Targets and Classification Revision of Limits Please refer to paragraph 65 of the Monetary Policy Statement for the year 2013-14. The following limits under priority sector stand revised upward with effect… Read More

Tags: Agriculture, Business, Chairman, Loan, Monetary policy, Regional Rural Bank, Reserve Bank of India

Liquidity Adjustment Facility Repo and Reverse Repo and Marginal Standing Facility Rates

RBI/2012-13/486 FMD.MOAG. No. 78 /01.01.001/2012-13 May 03, 2013 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility Repo and Reverse Repo and Marginal Standing Facility Rates As announced today by the Governor in the Monetary Policy Statement for 2013-14, it has been decided to reduce the Repo rate under the… Read More

Tags: Bank, Basis point, Commercial bank, LAF, Liquidity Adjustment Facility, Monetary policy, Percentage, Repurchase agreement

Monetary Policy Statement for 2013-14 Statement by Dr. D. Subbarao, Governor, Reserve Bank of India

"First of all, on behalf of the Reserve Bank, a hearty welcome to you all to this dissemination of the Monetary Policy Statement for 2013-14, which we put out a short while ago. 2. Based on an assessment of the current and prospective macroeconomic situation, we have decided to reduce the policy repo rate under… Read More

Tags: Bank Rate, Central Statistics Office, Economic growth, GDP, Inflation, Monetary policy, Repurchase agreement, Wholesale price index

RBI Release – Monetary Policy Statement 2013-14

By Dr. D. Subbarao Governor Introduction The Annual Policy for 2013-14 is formulated in an environment of incipient signs of stabilisation in the global economy and prospects of a turnaround, albeit modest, in the domestic economy. 2. In the advanced economies (AEs), near-term risks have receded, aided by improving financial conditions and supportive macroeconomic policies. But this… Read More

Tags: Brazil, Central Statistics Office, Duvvuri Subbarao, Economic growth, India, Inflation, Monetary policy, rbi, Reserve Bank of India

RBI Release – Macroeconomic and Monetary Developments in 2012-13

The Reserve Bank of India today released the Macroeconomic and Monetary Developments in 2012-13. The document serves as a backdrop to the Monetary Policy Statement 2013-14 to be announced on May 3, 2013. Highlights: Overall Outlook Macro-financial risks require cautious monetary policy stance ahead In view of macro-financial risks that stay significant, headline inflation remaining… Read More

Tags: CAD, Consumer Price Index, Current Account Deficit, Headline inflation, India, Inflation, Monetary policy, Reserve Bank, Reserve Bank of India

RBI Governor to interact with Researchers and Analysts over Teleconference

RBI Governor's Interaction with Researchers/Analysts Apropos the announcement of the Monetary Policy Statement 2013-14, Dr. D Subbarao, Governor and Deputy Governors of the Reserve Bank of India will interact with researchers/analysts through teleconference between 2.30 p.m. and 3.30 p.m. on Monday, May 6, 2013. One can participate in the teleconference after registration. Click here for… Read More

Tags: Ahmedabad, Bangalore, Chandigarh, Gurgaon, Jamshedpur, Kolkata, Monetary policy, rbi, Reserve Bank of India, Teleconference

RBI Monetary and Credit Information Review March 2013

The Monthly Publication from RBI - Monetary and Credit Information Review March 2013 is available for download. ****** Read More

Tags: Business, Economic growth, Financial services, India, Monetary policy, Mutual fund, RBI Monetary and Credit Information Review, RBI Monetary and Credit Information Review March 2013, Reserve Bank of India

Efficacy of Monetary Policy Rules in India

Efficacy of Monetary Policy Rules in India (Speech by Shri Deepak Mohanty, Executive Director, at Delhi School of Economics, Delhi, 25th March 2013) I thank Professor Pami Dua for the opportunity to interact with this distinguished gathering of professors and young scholars.The Delhi School of Economics has a formidable reputation world over in teaching and… Read More

Tags: Central bank, Delhi, Delhi School of Economics, India, Monetary policy, Repurchase agreement, Reserve Bank, Taylor rule

Monetary Policy Statement 2013-14 to be released on May 3, 2013

Dr. D. Subbarao, Governor, Reserve Bank of India will announce the Monetary Policy Statement 2013-14 on Friday, May 3, 2013. This will be done in a meeting with the chief executives of major scheduled commercial banks at 11.00 a.m. on May 3, 2013 at the Central Office, Reserve Bank of India, Mumbai. Alpana Killawala Chief… Read More

Tags: Central bank, Dr. D. Subbarao, finance, Government, India, Monetary policy, Mumbai, Reserve Bank of India

Statistics and the Reserve Bank: Recent Developments and Perspective

(Opening Remarks by Shri Deepak Mohanty, Executive Director, at Annual Statistics Conference 2013 of the Reserve Bank of India on March 22, 2013 at Mumbai) Deputy Governor, Dr. Urjit R. Patel, Shri A. B. Chakraborty, Officer-in-Charge, Department of Statistics and Information Management (DSIM); heads of select central office departments; distinguished statisticians and economists from the… Read More

Tags: Bank, Monetary policy, Mumbai, Professor, Reserve Bank, Reserve Bank of India, Run batted in, Survey of Professional Forecasters

RBI Instruction to Rural Banks, State and Central Co-Op Banks on the change of bank rates

RBI/2012-13/452 RPCD.CO.RRB.RCB.BC. No. 69 /03.05.33/2012-13 March 19, 2013 The Chairmen/Chief Executive Officers, All Regional Rural Banks / State and Central Co-operative Banks Dear Sir/Madam, Bank Rate As announced in the Mid Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 8.75 per cent to 8.50 per cent with effect… Read More

Tags: Bank Rate, Basis point, Central bank, Interest, Monetary policy, Percentage, Percentage point, Reserve requirement