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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Long the lone dissenting voice in the committee, he warns against the repeated use of the bogey of inflation.
Jayanth R. Varma, one of the three external members of the Reserve Bank of India’s Monetary Policy Committee (MPC), has told Mint in an interview that the rate-setting panel’s “words must match its actions”.
“I believe that words must match actions, and if the MPC has no real intention to raise repo rates—as evidenced by the lack of such an action for over a year now—it is not appropriate to keep repeating a stance that suggests further rate hikes.”
“...a real policy rate of 1.0-1.5% is sufficient to glide inflation to the target. The current real rate, which is around …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
