Key Points
The Reserve Bank of Indias (RBI) monetary policy committee (MPC) on June 8 voted to keep benchmark repo rate unchanged at 6.50% and retain the focus on the withdrawal of accommodation stance...
While the MPC has opted to pause, it does not mean a pivot, and the RBIs future actions will be dependent on evolving global and domestic macroeconomic situation, governor Shaktikanta Das said..
As regards investment in Indian securities or bonds, naturally this being the first time, the central banks as well as banks on the other side are seeking further clarity and we expect the process to begin soon...
One is to build up levels of awareness, and for that purpose the RBI not only issues list of unauthorised platforms, we also give you a list of authorised platforms..
Banks should be given time to brace for the impact of expected credit loss (ECL) and we will give them sufficient time for implementation..
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