Equirus on June 20 announced the appointment of Sahil Shah as the new Fund Manager of Equirus Long Horizon Fund (ELHF) and Chief Investment Officer (CIO). Prior to joining Equirus, Shah served…
RBI cancels the licence of The City Co-operative Bank Ltd., Mumbai, Maharashtra
The Reserve Bank of India (RBI) on June 19 said it has cancelled the licence of “The City Co-operative Bank Ltd., Mumbai, Maharashtra.” Consequently, the bank ceases to carry on banking business,…
RBI Bulletin: Volatile food inflation remains key villain in the inflation story
Volatile food inflation could very well turn out to be the villain in the central bank’s bid to curtail inflation, according to the latest monthly bulletin from the Reserve Bank of India…
RBI Special Audit Concludes; IIFL Finance Implements Necessary Measures
On June 15, IIFL Finance, a non-banking finance company, announced the completion of a special audit initiated by the Reserve Bank of India (RBI) following regulatory actions announced in early March. The…
Don’s ask, don’t tell! Why Have Big Bank CEOs Gone Silent?
In recent years, the communication approach of top bank CEOs has notably shifted. They have become more cautious, distancing themselves from the media and leaving the talking to their communication specialists or…
What Does the Fed Signaling Caution Mean for India?
Contrary to analysts’ expectations of a dovish tone, the US Federal Reserve’s commentary on June 12 was far from benign. The Fed indicated a reluctance to implement significant interest rate cuts as the fight against inflation persists.
CPI inflation eases to 12-month low of 4.75% in May, trend remains same
The consumer price index (CPI) based inflation for the month of May fell to 4.75 per cent in May compared with 4.83 per cent in the previous month, according to Government data….
RBI is obsessed with inflation war; That should be okay for us
If you feel the monetary policy review has turned a boring affair every two months with no action on any front, then I won’t blame you. The last time there was any action was…
Why did RBI leave key rates unchanged?
The Reserve Bank of India (RBI), as expected, on June 7 kept the key lending rate unchanged at 6.5 percent. That rate action — or no action — is in line with what the…
Will RBI Governor Stick to the Script on Rates?
The Reserve Bank of India (RBI) Governor Shaktikanta Das is set to announce the monetary policy outcome tomorrow. Most economists predict the central bank will maintain the current rates as the battle…