India rate setters to keep policy accommodative, but wary of inflation, Auto News, ET Auto

MUMBAI – A second wave of COVID-19 remains a threat to the Indian economy and the central bank believes monetary policy needs to remain accommodative despite inflationary pressures, according to the minutes of the monetary policy committee‘s latest meeting, released on Friday. The Reserve Bank of India left interest rates unchanged at that meeting two […]

MPC members differ over timing of growth recovery

The pace of economic recovery, inflation expectations and output gap dominated discussions at the Monetary Policy Committee’s (MPC) latest meeting, minutes released on Friday showed. This was the MPC’s first meeting after new members Jayanth R. Varma, Ashima Goyal and Shashanka Bhide joined the committee. While Reserve Bank of India deputy governor Michael Patra and […]

MPC members differ over growth recovery

Two of the committee members RBI deputy governor Michael Patra and executive director Mridul K. Saggar expressed their concerns over a long protracted recovery if the GDP contraction continues while others like Governor Shaktikanta Das and the newly inducted member Shashanka Bhide expect a strong revival before the end of the year. The MPC kept […]

SBI Cards and Payments: SBI Cards shines finally, grows to half of SBI m-cap: Which one should you buy?

Money is chasing momentum on Dalal Street, and one of the big beneficiaries has been SBI Cards and Payments, the only listed credit card company, even as its parent firm State Bank of India (SBI) wallows in investors’ neglect. With a 32 per cent rally since it March 16 listing, shares of SBI Cards on […]