Latest news with #MRajeshwarRao
Time of India
3 days ago
- Business
- Time of India
RBI MPC meeting: When and where to watch Sanjay Malhotra & Co's announcements?
The Reserve Bank of India 's (RBI) Monetary Policy Committee (MPC) began its bi-monthly meeting on Wednesday, June 4, 2025 and is set to announce it decision soon. The six-member panel, chaired by RBI Governor Sanjay Malhotra , is evaluating the repo rate, liquidity trends, inflation outlook , and growth forecasts. Market participants widely expect a 25 basis points cut in the repo rate, bringing it down from the current 6% to 5.75%. This would mark the third consecutive rate reduction, aimed at supporting domestic growth amid easing inflation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Mertoyudan (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo In its last review in April, the MPC had cut the policy rate by 25 basis points. While most analysts anticipate a 25 basis points cut, the State Bank of India has projected a deeper cut of 50 basis points to give a stronger push to economic activity. Live Events RBI MPC announcement: Date and time The outcome of the discussions will be announced on Friday, June 6, at 10:00 AM by Governor Sanjay Malhotra. RBI MPC: Where to watch? The announcement will be streamed on RBI's official YouTube channel. Live updates and expert reactions will be available on The Economic Times platform throughout the day. Catch all live updates here . RBI MPC members: Who are a part of Sanjay Malhotra's team? The six-member MPC includes three RBI officials: Governor Sanjay Malhotra, Deputy Governor M Rajeshwar Rao, and Executive Director Rajiv Ranjan. Three external members appointed by the government: Nagesh Kumar, Director-General of the Institute for Studies in Industrial Development; economist Saugata Bhattacharya; and Professor Ram Singh of the Delhi School of Economics.
Time of India
3 days ago
- Business
- Time of India
RBI MPC Meet Live: All eyes on Malhotra & co amid expectations of third consecutive rate cut this year
06 Jun 2025 | 07:14:20 AM IST RBI MPC Meet Live News Updates: The Reserve Bank of India (RBI) is set to announce its bi-monthly monetary policy today at 10 AM. RBI Monetary Policy Meeting: The Reserve Bank of India (RBI) will announce its bi-monthly monetary policy today, with expectations running high for another rate cut to boost economic growth, which has been facing pressure from global trade Sanjay Malhotra is set to present the monetary policy statement at 10 am, capping the three-day deliberations of the Monetary Policy Committee (MPC) that began on June 4. The central bank has already slashed the key repo rate by 25 basis points each in February and April this largely anticipate another 25 basis points cut, continuing the current easing cycle. However, a research note from the State Bank of India has projected a sharper cut of 50 basis points, citing the need for stronger policy support amid weakening global trade a statement on Thursday, the Reserve Bank noted that the impact of the 50-bps cumulative cut since February has already prompted several banks to lower their repo-linked external benchmark-based lending rates (EBLRs) and marginal cost of funds-based lending rates (MCLR). A reduction in the repo rate generally leads to lower lending rates, translating into reduced EMIs for both households and six-member MPC includes three RBI officials—Governor Sanjay Malhotra, Deputy Governor M Rajeshwar Rao, and Executive Director Rajiv Ranjan—and three external members appointed by the government. The external panelists are Nagesh Kumar, Director-General of the Institute for Studies in Industrial Development; economist Saugata Bhattacharya; and Professor Ram Singh of the Delhi School of Economics. Show more The Monetary Policy Committee (MPC) is expected to maintain its focus on supporting the ongoing recovery in economic growth momentum, Careedge Ratings said in a data intelligence firm added in the report that the rate-cut cycle that began in February is likely to continue, with a further 25-bps reduction in the repo rate expected at the June meeting, while retaining an "accommodative stance"."The healthy growth momentum and the already easing money market rates may prompt the RBI to take incremental steps in policy easing, reducing the likelihood of a larger rate cut in this meeting," CareEdge said in the report further added, "We anticipate the policy statement to strike a dovish tone while remaining cautious about evolving global developments."The report cites the ease in retail inflation, saying that the Consumer Price Index (CPI) in April fell to 3.16 per cent, marking a six-year low. RBI MPC Meet Live: In the April meeting, the MPC unanimously decided to slash rates by 25 bps for the second consecutive time, from 6.25% to 6.00%, while changing the stance to 'accommodative' from 'neutral'. RBI MPC Meet Live: The MPC consists of three members from the RBI and three external members appointed by the members are: Governor Sanjay Malhotra, Deputy Governor M Rajeshwar Rao, and Executive Director Rajiv external members are: Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development, New Delhi; Shri Saugata Bhattacharya, Economist, Mumbai; and Professor Ram Singh, Director, Delhi School of Economics, Delhi. Governor Sanjay Malhotra will deliver the policy statement at 10 am, following the conclusion of the Monetary Policy Committee's (MPC) three-day meeting that began on June 4. Good morning, ET readers! The Reserve Bank of India (RBI) will be announcing its bi-monthly monetary policy today, with markets widely anticipating another rate cut to support economic growth amid ongoing global trade RBI had earlier lowered the key repo rate by 25 basis points in both February and April.
Time of India
15-05-2025
- Business
- Time of India
RBI Board reviews Economic Capital Framework to decide dividend to govt
The Reserve Bank 's Central Board on Thursday reviewed its Economic Capital Framework (ECF) which is the basis for deciding the surplus transfer or amount of dividend to be given to the government. The RBI had paid a record Rs 2.1 lakh crore dividend to the government for 2023-24. The payout was Rs 87,416 crore for 2022-23. The dividend payout is expected to be higher this time, the decision about which is likely to be taken at the next meeting of the Central Board of Directors of the Reserve Bank of India to be held on May 23. "The 615th meeting of the Central Board of Directors of Reserve Bank of India was held today in Mumbai under the Chairmanship of Sanjay Malhotra, Governor. As part of the agenda, inter alia, the Board reviewed the Economic Capital Framework (ECF) of the Reserve Bank of India," RBI said in a statement on Thursday. GIF89a����!�,D; Continue to video 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She Was Everyone's Dream Girl In 90's, This Is Her Recently. Investructor Undo The transferable surplus is determined on the basis of the ECF adopted by the Reserve Bank on August 26, 2019, as per recommendations of the Bimal Jalan-headed Expert Committee to Review the extant Economic Capital Framework of the RBI. The Committee had recommended that the risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 6.5 to 5.5 per cent of the RBI's balance sheet. Live Events The Union Budget for the current fiscal has projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions. The 615th Board meeting was attended by deputy governors M Rajeshwar Rao, T Rabi Sankar, Swaminathan J, and Poonam Gupta. Other Directors of the Central Board - Ajay Seth, Secretary, Department of Economic Affairs, Nagaraju Maddirala, Secretary, Department of Financial Services, Satish K Marathe, S Gurumurthy, Revathy Iyer, Sachin Chaturvedi, Venu Srinivasan, Pankaj Ramanbhai Patel and Ravindra H Dholakia - also attended the meeting.
Time of India
02-05-2025
- Business
- Time of India
RBI announces portfolios for deputy Governors: Here's who handles what
The Reserve Bank of India ( RBI ) on Friday officially released the updated portfolio allocation for its four deputy governors, delineating key responsibilities across departments critical to India's financial and monetary systems. #Pahalgam Terrorist Attack India's Rafale-M deal may turn up the heat on Pakistan China's support for Pakistan may be all talk, no action India brings grounded choppers back in action amid LoC tensions M Rajeshwar Rao will oversee regulatory and enforcement functions, with charge of the Department of Regulation, Enforcement Department, and Legal Department. He also heads coordination roles through the Secretary's Department, Risk Monitoring Department, and overall policy coordination. T Rabi Sankar has been assigned a broad spectrum of operational and technology-driven portfolios. These include the Department of Payment and Settlement Systems, Fintech Department, Foreign Exchange Department, Information Technology, and Central Security Cell. He also manages government-related accounts and external investment operations, highlighting his role in digital and cross-border financial management. Swaminathan Janakiraman focuses on supervisory and consumer-centric functions, leading the Department of Supervision, Consumer Education and Protection Department, and Deposit Insurance and Credit Guarantee Corporation. His portfolio also covers Financial Inclusion, Inspection, Rajbhasha, and Premises Departments. Poonam Gupta , the newest entrant, will take charge of macroeconomic policy and communication. She heads key analytical and strategic wings, including the Monetary Policy Department, Department of Economic and Policy Research, Financial Stability Department, and International Department, along with overseeing the Department of Communication and Corporate Strategy and Budget. Live Events This strategic division of responsibilities aims to enhance the RBI's efficiency in navigating the dynamic challenges of financial regulation, technological innovation, and macroeconomic stability.
Time of India
29-04-2025
- Business
- Time of India
RBI: Balance green fin push & credit risks
RBI MUMBAI: Regulators and policymakers need to perform a "delicate balancing act" to successfully navigate the dual challenges of promoting green finance while managing heightened credit risks arising out of the transition to green technology that could threaten financial stability , M Rajeshwar Rao , deputy governor of RBI said, while speaking on green finance. "The fact that the net-zero technologies driving the transition to decarbonisation, are at various developmental and evolving stages, itself signifies a significant increase in credit risks. Thus, there is a dichotomy wherein on one hand there is a need for incentivising green and sustainable finance and on the other there is an increase in inherent risks from encouraging such financing," he warned during his valedictory address at the Credit Summit 2025 in New Delhi. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
