Three broad trends would continue to influence RBI's monetary policy beyond this fiscal. Indianbankingnews.com collects views of economists to understand how the economy is shaping up.
The resolution professional of Jet Airways has filed a revival plan approved by the committee of creditors with the NCLT.
Total bank credit grows 5.5% amid slowdown in retail and home loans. Credit cards grow 4.9% and vehicle loans by 8.4%, as per RBI data until 23 Oct.
RBI upgrades GDP forecast to contraction of 7.5% this fiscal; earlier, in Oct, RBI had predicted GDP contraction of 9.5% for the financial year.
RBI is yet to form a view on an internal panel's recommendation of allowing corporates to own banks and will take a final call on it after collecting public comments, governor Shaktikanta Das said.
inflation is likely to remain elevated; signs of recovery are far from being broad-based and are dependent on sustained policy support.
Chanda Kochhar faces charges for alleged money laundering. Bombay HC had earlier dismissed her plea against being removed as ICICI Bank CEO.
Slower increases in factory orders, exports and buying levels have pulled down India's manufacturing sector activity to a 3-month low in Nov.
Adani Group makes revised bid of Rs 33,000 cr for DHFL, surpassing Oaktree's offer of Rs 28,300 crore.
Output of 8 core infrastructure sectors, which accounts for 40.27% in IIP, contracts 2.5% in Oct.
This is 2nd straight quarter of GDP contraction, though economy showed signs of rebounding after slipping to record slump of 23.9% in previous quarter.
Best buying opportunity to homebuyers as RBI infuses liquidity, govt provides concessions and developers relax stamp duty, says HDFC Ltd CEO Keki Mistry.
RBI declined to grant Muthoot Finance a no-objection certificate as it is "not in consonance with the activity of an operating NBFC."
The prices of primary articles will have a cascading effect on the price of all goods across sectors," said Federal Bank executive director Ashutosh Khajuria.
Moody's also revises upwards India's GDP forecast for calendar year 2021 to 8.6% growth, up from its earlier projection of 8.1% expansion.
