Reserve Bank’s annual policy review highlights

September 16th, 2009 Fed tightens review of commercial real-estate riskWASHINGTON — The Federal Reserve is stepping up its scrutiny of commercial real-estate lending at smaller banks, according to a Fed official. Instead of reviewing only individual banks, Fed examiners also are comparing results across the industry to better assess broader risks, the official says.

July 28th, 2009 MUMBAI - The Reserve Bank of India (RBI) Tuesday unveiled the first update of its monetary policy for this fiscal here Tuesday with no major changes in key rates, in line with the predictions and expectations by analysts. Despite a sharp upward revision in India's growth rate, concerns over inflation forced RBI Governor D.

July 28th, 2009 MUMBAI - Following are the highlights of the first quarterly update of India's monetary policy for this fiscal, unveiled by Reserve Bank of India Governor D. Subbarao here Tuesday: * Bank rate retained at 6 percent * Repo rate unchanged at 4.75 percent * Reverse repo rate unchanged at 3.25 percent * Cash reserve ratio unchanged at 5 percent * Statutory liquidity ratio unchanged at 24 percent * Inflation forecast hiked to 5 percent from 4 percent * Negative inflation only a statistical phenomenon * Balance between liquidity and inflation main concern * India's growth now forecast at 6 percent with upward bias * More scope for cutting rates by commercial banks * Money supply may grow 18 percent this fiscal * Policy will ensure enough commercial credit

June 11th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee Wednesday pushed for commercial banks to cut interest rates, saying the measures announced by the central bank to ease their burden were not getting adequately reflected. Between September 2008 and April 2009, RBI reduced the key policy rates and also reduced the CRR (cash reserve ratio) and SLR (statutory liquidity ratio) requirements for banks," Mukherjee told heads of public sector banks here.

April 21st, 2009 NEW DELHI - India's central bank Tuesday predicted the economy would grow by 6 percent in the current fiscal. It cut key rates by 25 basis points and asked commercial banks to provide cheaper loans to industry and consumers.

April 21st, 2009 MUMBAI - India's economy will grow by six percent this fiscal while inflation would rise to around four percent, the central bank said here Tuesday while announcing a 25 basis points cut in key rates in its annual economic policy review. 'With the assumption of normal monsoon, real GDP growth for 2009-10 is placed at around 6.0 percent,' said Reserve Bank of India Governor D.

April 21st, 2009 MUMBAI - The Reserve Bank of India (RBI) revealed the annual monetary policy here on Tuesday. According to the report, the short-term lending (repo) rate and borrowing (reverse repo) rates have been reduced by 25 basis points.

April 20th, 2009 MUMBAI - The Reserve Bank of India (RBI) has painted a bleak forecast for the economy in its macro-economic report released Monday, saying business expectations for the coming months were 'less than optimistic' and that economic growth would continue to be moderate on account of the global financial crisis. 'Reflecting global developments and their impact on the Indian economy, as well as domestic cyclical factors, the various surveys of economic activity point towards prevalence of less than optimistic sentiment for the outlook of the Indian economy in the coming months,' RBI said in the report.

April 20th, 2009 MUMBAI - The Reserve Bank of India (RBI) will present the annual review of its monetary policy here Tuesday, even as stakeholders saw the central bank leaving key rates untouched and an overall status quo on the measures. RBI Governor D.

April 8th, 2009 MUMBAI - Concerned over the rising non-performing assets (NPA) and high cost of deposits, India's bankers Wednesday told the Reserve Bank of India (RBI) that there was not much room for lending rates to go down. 'If there is a sharper downturn, it can further impact the asset quality.

March 31st, 2009 MUMBAI - Reserve Bank of India (RBI) Deputy Governor Rakesh Mohan has said that triad banking model - state-run, private and foreign banks - is working well in India. Mohan said that the growth of each sector has spurred healthy competition.

January 26th, 2009 MUMBAI - India's central bank Tuesday left all key interest rates unchanged and lowered the country's growth target to 7 percent for this fiscal, even as it promised to act 'swiftly' as and when the situation demands. In a quarterly review of the monetary policy, Reserve Bank of India (RBI) D.

January 26th, 2009 MUMBAI - Following are some key points made by Reserve Bank of India (RBI) Governor D. Subbarao in his quarterly monetary policy review before the chief executives of commercial banks here Tuesday: - This quarterly review is set in the context of a deteriorating global economic outlook and heightened uncertainty about the global financial sector.

January 26th, 2009 MUMBAI - Following are the highlights of the quarterly monetary policy review conducted by the Reserve Bank of India (RBI) here Friday in which some key rates were left unchanged and the country's growth targeted was lowered for this fiscal: - Bank rate kept unchanged at 6 percent. - Repo rate has been kept unchanged at 5.5 percent.

January 26th, 2009 MUMBAI - India's central bank decided to maintain status quo on key rates and lowered the country's growth target for this fiscal to seven percent as it presented the third quarter review of its monetary policy here Tuesday. The benchmark bank rate, the repurchase rate, the reverse repurchase rate, the cash reserve ratio (CRR) and the statutory liquidity ratio (SLR) were all kept unchanged by Reserve Bank of India (RBI) Governor D.