World Media

RBI keeps repo rate unchanged at 6%, maintains neutral stance

RBI keeps repo rate unchanged at 6%, maintains neutral stance

The committee consists of three members from RBI and three independent members nominated by the central government.

Canara Bank is now trading at Rs362, down by Rs11.3 or 3.03% from its previous closing of Rs 373.3 on the BSE The scrip opened at Rs370 and has touched a high and low of Rs373.4 and Rs361.15 respectively.

Going forward, several analysts expect the RBI to keep rates on hold in the coming months, including at its next policy meeting, in February 2018. Inflation expectations of households surveyed by the Reserve Bank have already firmed up and any increase in food and fuel prices may further harden these expectations. That shows some traction in economic activity.

The central bank kept the economic growth forecast unchanged at 6.7 per cent for the fiscal ending March 31. It also pointed out about some uptick in credit growth which has been stagnant for quite some time.

Banking sector bled with medium-term rate cut hopes dashed, with RBI's move to maintain status quo sparking a sell-off in banking stocks.

Small plane crashes at gas station near Spirit Airport; 1 person dead
Wheetley said it was reported he received serious injuries, but they do not appear to be life-threatening. The plane was reported to be a small passenger aircraft.

"RBI's 2H inflation has been revised marginally higher by 10 bps to 4.3-4.7 percent even as they retained the GVA forecast of 6.7 percent as against our expectation of 6.5 percent", she said. It also retained neutral stance.

"Recapitalisation bonds will be front-loaded for banks that have managed their balance sheet strength more prudently and can use the injected capital to lend besides providing for legacy asset losses", Patel said after the RBI kept its key policy rate unchanged.

Meanwhile, the RBI has chose to rationalise charges on debit card transactions based on category of merchants. Debit card transactions accounted for 21.9 per cent of the total transactions at PoS (Point of Sale) terminals in FY17. On the under-reporting of bad loans by the banks, RBI clarified that it did not change any rules, but made it mandatory for banks to report discrepancies if any. "India Inc continues to remain over-leveraged while the consumer demand is still subdued". That led to increase in NPAs of some banks, affecting their bottom lines.

He said the recap plan will be differentiated across banks. But, a rate cut would have helped the economy and boost growth in Asia's third-largest economy.


  • Hull City confirm Nigel Adkins as their new manager

    Hull City confirm Nigel Adkins as their new manager

    Roots Hall - 30/3/16 Sheffield United manager Nigel Adkins before the match Mandatory Credit: Action Images / Matthew Childs Livepic EDITORIAL USE ONLY.
    Quake  of magnitude 5.1 hits Jammu and Kashmir

    Quake of magnitude 5.1 hits Jammu and Kashmir

    Official confirmation from the geological department on exact location and depth of epicentre is still awaited. EMSC located the epicentre between the hill shrine of Kedarnath and the town of Pipalkoti in Uttarakhand.
    GOP Lawmakers to Ryan: Save DACA Beneficiaries Before End of the Year

    GOP Lawmakers to Ryan: Save DACA Beneficiaries Before End of the Year

    She, too, was brought to the U.S.as a child from Mexico, and like Angeles was unsure how she'd ever afford college. We live in the age of migration: more people are crossing borders than any other time in human history.
  • Simmonds has goal and assist, Flyers beat Oilers 4-2

    Simmonds has goal and assist, Flyers beat Oilers 4-2

    At least, we hope they didn't listen because if they did, and they really were trying their hardest, the Edmonton Oilers are done. Brian Elliott came up big on several occasions and at key moments in the game that could've turned the tide in the Oilers favor.
    Sheetz testing blue lights to cut drug use

    Sheetz testing blue lights to cut drug use

    But some doctors argue against the plan, saying that drug users can feel for their veins when they can't see them. The county had a record 144 confirmed overdose deaths since December 1, with 179 deaths tracing back to November.

    Analyzing Analyst Recommendations: Cabot Oil & Gas Corporation (COG), CARBO Ceramics Inc. (CRR)

    Shares have moved $-0.73 over the past month and more recently, $-1.96 over the past week heading into the earnings announcement. The stock of Entravision Communications Corporation (NYSE:EVC) has "Neutral" rating given on Tuesday, January 17 by Wedbush.
  • Oladipo helps Pacers rally past Bulls 98-96

    Oladipo helps Pacers rally past Bulls 98-96

    The Bulls continued into the second quarter, pushing their lead up to 43-26 after threes from Paul Zipser and Valentine. IN trailed by as many as 17 points on Wednesday and by 15 points in the fourth quarter before mounting a major rally.
    Last date for mandatory linking Aadhaar to avail services extended

    Last date for mandatory linking Aadhaar to avail services extended

    It is also mandatory to link PAN Card with Aadhaar card. "So, all the Benami transactions will go", the official said. A bench headed by Chief Justice Dipak Misra was informed by attorney general K.

    Expedia INC Del (EXPE) Holding Has Upped by Steadfast Capital Management Lp

    Hanson Mcclain Inc increased its stake in Target Corp (TGT) by 450.29% based on its latest 2017Q2 regulatory filing with the SEC. The active investment managers in our partner's database now hold: 44.71 million shares, up from 44.40 million shares in 2017Q1.
  • House panel to reopen Dengvaxia probe

    House panel to reopen Dengvaxia probe

    The vaccine was to be administered in three phases at 6-month intervals beginning April 2016. The Philippines is one of 11 countries where Dengvaxia was introduced.

    Comparable Company Analysis: AGNC Investment Corp. (AGNC), Hanesbrands Inc. (HBI)

    Following the transaction, the insider now directly owns 99,997 shares in the company, valued at approximately $2,426,927.19. Brandywine Glob Investment Management Limited Liability has invested 0.35% of its portfolio in Hanesbrands Inc. (NYSE:HBI).
    Capitals top line starting to find rhythm after Blackhawks rout

    Capitals top line starting to find rhythm after Blackhawks rout

    Rookie sensation Alex DeBrincat will remain on the third line, with Lance Bouma and Nick Schmaltz taking over as his linemates. Oshie remains questionable with an upper body injury while Chandler Stephenson is probable with an upper body injury.