What to expect from RBI today?


Today RBI is slated to release the bimonthly monetary policy statement. Till date, it has dropped rates four consecutive times totaling 110 bps starting with 25 bps in Feb’19. Question is whether it will continue on the same line and reduce rate by another 25-35 bps or play safe and…

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RBI Dividend and Your Father in Law


100,000,000,000,000 INR! For those lost in the zeros, it is ten lakh crores. That’s the RBI’s stated equity position, which GOI believes is too high and wants some of it transferred to government. But RBI believes otherwise, leading to numerous committees earlier and now with the Bimal Jalan committee, being…

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Breaking: Services & Manu PMI lowest since Sep18, “Job creation 6 month low”, RBI All Set to Reduce Policy Rates by 50bps


Breaking News: Services PMI at 52 is still expanding but lower than Feb (52.5) At 52, it is lowest expansion since March Nikkei notes that “Job creation at six-month low“ That RBI is set to reduce repo by at-least 25 bps (if not 50) in its upcoming 4th April monetary…

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Same Data But Different Interpretations: That’s RBI For You!


They say great mind thinks alike. So when you have a few great minds pouring over same set of data, they are most likely to concur. But that’s not what you get when you go through the minutes of RBI last policy meet. They look at same set of numbers…

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RBI vs. Government: The Dividend Faceoff


It’s funny! RBI has paid 500 Billion INR to GoI in FY1718, which is nearly 200 Billion INR more than FY1617, but the government says ‘Dil Mannge More!’. RBI already transfers the entire surplus to government after setting aside part of net income as provision for ‘rainy day’; so, what…

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RBI “No” To Yes! End of Road for Rana Kapoor?


RBI yesterday notified Yes Bank its disapproval for the current CEO, Mr. Rana Kapoor, to continue for another 3 years. Instead it has curtailed his continuity to this position to 31st Jan 2019, a little more than 4 months from now. Keep in mind that the Board of Governors for…

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Women Power in Indian Banking- Is The Sheen Waning off?


Year 2018 first half is turning out to be a watershed moment not only for Indian Banking (fraud, NPA), but also for women power in Indian banking. Rise of women leadership in Indian banking is legendary and is a matter of pride in otherwise highly gender biased corporate world globally….

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