Discover and read the best of Twitter Threads about #RBI

Most recents (24)

#JustIn | Finance Minister #NirmalaSitharaman said that the entire duty reduction in petrol and diesel has been done out of the RIC component of the taxes levied on petroleum products so the burden of the tax cuts will be borne solely by the Centre. | @tragicosmicomic reports
Allaying concerns that the duty cuts will lower the devolution of taxes to States, Finance Minister #NirmalaSitharaman said that the basic excise duty on petro products, which is sharable with states 'has not been touched'. | @tragicosmicomic reports
Total taxes levied on petrol and diesel include a Basic Excise Duty, a Special Additional Excise duty, the Road & Infrastructure Cess and Agriculture & Infrastructure Development Cess, of which only BED is sharable with States, the minister pointed out. | @tragicosmicomic reports
Read 5 tweets
The banking sector has been an underperformer since COVID. What makes it so interesting now? (1/8)

#bankingsector #COVID19 #investing
The banking sector is the backbone of our economy. The health of our banks has always played a major role in our economic growth journey. (2/8)

#india #economy #banks
With the introduction of the Asset quality review in FY15-16, banks' asset quality has been under pressure. This was further aggravated by events such as demonetisation, GST, and the IL&FS crisis. As a result, the GNPA ratio for Banks rose to 11.2% in FY18 vs 4.3% in FY15. (3/8)
Read 8 tweets
𝑾𝑯𝒀 #𝑰𝑵𝑫𝑰𝑨𝑵 #𝑹𝑼𝑷𝑬𝑬 (₹) 𝑰𝑺 𝑭𝑨𝑳𝑳𝑰𝑵𝑮 𝑨𝑮𝑨𝑰𝑵𝑺𝑻 #𝑼𝑺 #𝑫𝑶𝑳𝑳𝑨𝑹 ($)?

In this #Thread 🧵we will answer this question.

Like ❤️and Retweet 🔄for Wider Reach and if you find the thread informative and useful. Image
Our Indian Rupee has hit an all-time low against US Dollar plummeting to ₹77.42 per US $.

The fall of Rupee can be associated with two major reasons-
🔴 US Fed Interest Rate Hike.
🔴 Foreign Investors Dumping Indian Stocks.
🔴 US Fed Interest Rate Hike:

It was the biggest hike in two decades when US Fed raised interest rates by half percentage to fight #inflation.

Moreover, it is likely that more rate hikes will occur in the coming months.

As a result, the 10-year US yield has risen to 3.17%.
Read 7 tweets
#MCExclusive ⚡️ @bankofbaroda Chief Economist Madan Sabnavis said that if #inflation is left unchecked, there would be a tendency for overall consumption in the economy & that could, in turn, be debilitating for growth.

Full interview by @siddhiVnayak 🔽
moneycontrol.com/news/business/…
Catch @bankofbaroda Chief Economist, Madan Sabnavis, on @RBI’s inflation forecast for FY23, in conversation with @siddhiVnayak.

Read at 👇
moneycontrol.com/news/business/…

#Inflation #RBI Image
Read 4 tweets
After a really long time, the #RBI has made significant updates to their Master Direction on issuance and management of credit cards and debit cards 💳

A quick🧵on some of the major provisions and how they impact us: 1/
Card issuers must provide a one-pager on important aspects + benefits of the card, along with the interest rate and other charges. In case a credit card application is rejected, the card issuer has to provide specific reasons for the rejection. 2/
Explicit (and not implied) consent to be obtained in case card issuers are offering any insurance cover towards protection against frauds or any other liabilities on the card. Check your statement to verify if unwanted charges/premium for such insurance is levied 3/
Read 18 tweets
#Alert
आजकाल ऑनलाईन आणि फोन वरून बँक फ्रॉड मोठ्या प्रमाणात होतात पण असं आपल्यासोबत झाल्यावर काय करायचं ? फक्त रडत बसायचं की गेलेले पैसे आपल्याला परत मिळवता येतील ?
आपले पैसे आपल्याला १००% रिफंड मिळू शकतात ते कसे हे जाणून घेण्यासाठी पूर्ण थ्रेड नक्की वाचा 👇
#१
#मराठी #म
RBI च्या गाईडलाईन्स नुसार 'तुमच्या बँक खात्यातून तुमच्या नकळत कोणताही अनधिकृत इलेक्ट्रॉनिक व्यवहारामुळे तुमचं नुकसान होत असेल तर तुम्हाला त्वरित-तीन दिवसांच्या आत बँकेला या व्यवहाराची सूचना द्यावी, बँकेला तुमची तक्रार मिळाल्यानंतर १० दिवसांच्या आत तुम्हाला पूर्ण...
#२
#माहिती
पूर्ण रिफंड देणे बंधनकारक आहे' लक्ष्यात ठेवा बँक अश्या फ्रॉड व्यवहारांसाठी विमा करून ठेवते, जेव्हा आपण अश्या व्यवहाराबद्दल त्वरित तक्रार करतो तेव्हा बँक विमा कंपनीकडून नुकसानाचे पैसे वसूल करते, आणि आपल्याला रिफंड वेळेत मिळतो.
हे E-Fraud आणि ATM Fraud साठी सुद्धा लागू आहे.
#३
Read 5 tweets
A thread on my piece on the RBI. Full story link here:
But the central ( pun unintended) question here is, what should the Reserve Bank be doing in this environment, and is it doing what it should/could ? 1/n
#inflation #RBI #UkraineRussianWar #CrudeOil
scroll.in/article/101869…
Last RBI meeting saw inflation being termed as not a big worry and that action will be taken when necessary. Let’s examine what has happened with some of the elements that add to the inflation/ cost pressures of a household 2/n
#inflation #RBI #UkraineRussianWar #CrudeOil
Nomura says we've had high inflation for 2 years already. Retail fuel prices are on freeze since Nov'21 thanks to state elections. A recalibration means upping petrol/diesel prices by at least 10%, 30% plus price hike for LPG. 3/n
#inflation #RBI #UkraineRussianWar #CrudeOil
Read 8 tweets
RBI keeps the #RepoRate unchanged!

What is Repo & how does it mean for investors, borrowers and customers?

Read the 🧵to make sense

Do ‘re-tweet’ & help us educate more investors

(1/12)

#RBI #RBIMonetaryPolicy #investing
Repo rate is a type of interest rate!

Interest rate influences the willingness to save and borrow money and also gives insight into future economic and financial market activity.

(2/12)
What interest rates mean to different stakeholders :

- Borrower : It the price he pays for the use of money (loan)

- Lender like banks : The "fee" earned for taking the risk to extend loan

- Saver & investor : The return on investment from savings a/c ,FD or bond

(3/12)
Read 13 tweets
Address by Governor, Reserve Bank of India Shri Shaktikanta Das to start shortly

LIVE Link:

@FinMinIndia @DDNewslive @airnews_mumbai

Follow @PIBMumbai for updates
Address by Governor, Reserve Bank of India Shri Shaktikanta Das is LIVE now

Link:

Follow @PIBMumbai for LIVE updates
The pandemic holds world economy hostage, economic activity especially in contact-intensive sectors being dented worldwide: RBI Governor
Read 42 tweets
.@RBI गव्हर्नर @DasShaktikanta आज सकाळी 10 वाजता द्वैमासिक पतधोरण आढावा जाहीर करणार.

थेट पहा 🎥

थेट ताजी माहिती @PIBMumbai येथे उपलब्ध

@FinMinIndia @ddsahyadrinews
@airnews_pune
भारतीय रिझर्व बँकेचे गव्हर्नर शक्तिकांत दास संबोधित करत आहेत

थेट पहा

@FinMinIndia @DDNewslive @airnews_mumbai

ताज्या माहितीसाठी @PIBMumbai ला भेट द्या
महामारीने जागतिक अर्थव्यवस्थेला वेठीस धरले आहे, संपर्क आधारित व्यवहारांवर जागतिक पातळीवर विपरित परिणाम झाला आहे.

- आरबीआय गव्हर्नर
Read 32 tweets
#Banks: Central Bank #DigitalCurrency, #blockchain, #RBI, National Bank for Financing Infrastructure and Development, 100% of post offices will be connected to the core banking system

#Telecom: Rollout of 5G, Production Linked Incentive Scheme, Optical Fibre in villages
#Health: National #DigitalHealth Ecosystem Platform and National Tele #MentalHealth Programme

#Education: 'One class-one TV channel' Programme, #DigitalUniversity, 750 virtual labs, Foreign institutions in #GIFTCity
Read 7 tweets
LIVE UPDATES of Union Budget 2022

Watch live here: bit.ly/3riMAms

#Budget2022 #UnionBudget
LIVE UPDATES of Union Budget 2022

Watch live here: bit.ly/3riMAms

#Budget2022 #UnionBudget2022 #PMGatiShakti
LIVE UPDATES of Union Budget 2022

Watch live here: bit.ly/3riMAms

#Budget2022 #UnionBudget2022 #DigitalBanking
Read 17 tweets
If a private enterprise sees an opportunity to make profits it will take up the venture and will to the bank to borrow the money for the new venture. If the bank is convinced about the returns, it will grant banks ₹ out of the thin air(and this is NOT intermediation) and them to
the private enterprise. The bank does not calculate whether it has enough ₹ in its reserve account at the RBI(India's Central Bank) nor does it dig into the money deposited by people to provide loans to support the claims. If it needs more reserves later the bank will borrow!
In aggregate, then, the private banks decide how many bank-₹ are issued (based on their calculations for potential profits) and the #RBI responds by creating any new Reserve fiat rupees necessary to cover the resulting “clearing” processes in the system. The new Reserves are
Read 5 tweets
💳 மாறும் கார்டு பேமென்ட் விதிமுறைகள்; ஜனவரி 1-க்குப் பிறகு என்னாகும்?

👉 வரும் ஜனவரி 1, 2022-லிருந்து டெபிட் மற்றும் கிரெடிட் கார்டு பேமென்ட்களுக்கான ரிசர்வ் வங்கியின் புதிய விதிமுறைகள் அமலாகின்றன. இதனால், ஆன்லைன் கார்டு பேமென்ட்களில் பெரியளவில் மாற்றங்கள் நடக்கவிருக்கின்றன.
🔴என்ன மாற்றம்?

இதைப் புரிந்துகொள்வதற்கு முன்பு தற்போது ஆன்லைன் பேமென்ட்கள் எப்படி நடக்கின்றன என்பதை தெரிந்துகொள்ள வேண்டும். #TSLExplainer #Tokenization #RBI
👉 இப்போது, ஆன்லைனில் ஏதேனும் சேவைகளுக்காக (உதாரணம் ஸ்விக்கி, அமேசான்) பேமென்ட் மேற்கொள்ள வேண்டுமென்றால், பில்லிங் அல்லது செக் அவுட் பகுதிக்குச் சென்று 3 வேலைகளைச் செய்யவேண்டும்.
Read 33 tweets
Prime Minister Narendra Modi at the launch of two customer-centric initiatives of the Reserve Bank of India - the RBI Retail Direct Scheme and the Integrated Ombudsman Scheme. Image
Prime Minister Narendra Modi as he launched two customer-centric initiatives of the Reserve Bank of India. Image
Prime Minister Narendra Modi on India's banking sector at the launch of #RBI's customer-centric initiatives. Image
Read 4 tweets
LIVE: RBI Governor @DasShaktikanta on Monetary Policy

Image
@DasShaktikanta #RBI keeps repo rate unchanged at 4%, maintains accommodative stance; reverse repo rate remains unchanged at 3.35%
@DasShaktikanta RBI Governor @DasShaktikanta: Monetary Policy stance remains accommodative as long as necessary to revive and sustain growth and mitigate the impact of #COVID19Pandemic while ensuring inflation remains within the target
Read 8 tweets
Indian governments have always been circumspect around foreign investment #debt markets. The taper tantrum was one such event that added to this discomfort. However, over the years, the current political dispensation has been very pro-active and disciplined in its...(1/7)
...approach towards the fiscal. In hindsight, its call to not stretch its finances during the #COVID19 phase, but deliver targeted measures, has worked very well for the country from the eyes of rating agencies. The last couple of years have witnessed a shift in attitude...(2/7)
...towards foreign investments in fixed income. A key stumbling block towards bond inclusion has always been the fact that India does not have an fully convertible capital account. This means that India does not allow local currency to be exchanged freely for foreign...(3/7)
Read 7 tweets
बँकिंग रेगुलेशन ॲक्ट !!

केंद्र सरकारने बँकिंग रेगुलेशन् ॲक्ट लागू करा म्हणून आदेश दिले आहेत.राज्यात जिल्हा बँकेच्या निवडणूका सुरू आहेत.यात महाविकास आघाडीच्या नेत्यांची पार गोची होऊन बसली आहे.साहेब या साठीच मध्यंतरी दिल्ली वाऱ्या करून आलेत पण काही उपयोग झाला नाही.पण नवीन कायद्या
बाबत अजून पण संभ्रमावस्था आहे.त्या कायद्याचे नियम व निकष अजून प्राप्त झालेले नाहीत.तरी सध्या तरी जुन्याच कायद्याने ही निवडणूक होणार आहे.पण ही त्या राजकारणी लोकांची शेवटची निवडणूक असणार हे मात्र नक्की आहे.हे विधेयक पारित केल्यानंतर त्याचे आता कायद्यात रूपांतर झाले आहे.हा कायदा
१ एप्रिल २०२१ पासून देशात लागू झाला आहे.या कायद्या अंतर्गत सर्व सहकारी बँका येणार आहेत.तुम्हाला माहितीच आहे ३.५ जिल्ह्याच्या बँका कोणाच्या अधिपत्या खाली येतात.त्यामुळे इकडे सगळी भांभेरी उडाली आहे.राज्यसरकारचे या बँका वरील सर्व नियंत्रण जाणार आहेत.ते सर्व अधिकार आता आरबीआय च्या
Read 6 tweets
One 'hawk' does not initiate normalisation. The markets were keenly awaiting the #MPC #minutes. And one can comfortably say that the details of what was discussed was hardly as hawkish as the markets had assumed soon after the policy. Prof.Jayanth Varma was the single...(1/12)
...dissenter in the August monetary policy. He voted against the status-quo accommodative policy on the following key counts. Firstly, he believed that the reverse repo rate must not remain at current levels (3.35%) and that a phased normalisation was warranted. He...(2/12)
...remained concerned of the #RBI continuing its accommodative policy given his expectation that COVID-19 would last for another 3-5 years. He sees inflationary pressures turning persistent and also views the adverse effects of the pandemic to only be limited to select...(3/12)
Read 12 tweets
Is the #RBI's #VRRR move policy normalisation? Fridays' note argued that the upward calibration of the variable rate reverse repo (VRRR) was not a sign of normalisation of policy, especially when the Governor said it himself explicitly. The note argued that the VRRR...(1/12)
...calibration was just shifting of monies from one pocket to another, especially when the #callmoney rate is still 22bps below the reverse repo rate. The focus therefore is to bring the call rate closer to the policy rate, when system liquidity is on the rise. One can...(2/12)
...justify the market narrative on three counts. Firstly, the markets saw a surprise dissent against the policy decision (5:1) and noted that it was not unanimous. Secondly, the 60bps upward revision to inflation created a flutter especially when the RBI maintained a...(3/12)
Read 12 tweets
👉#RBI keeps interest rates unchanged at 4 pc; to continue with accommodative stance as long as necessary

👉Aggregate supply is still below pre-covid levels. There is a broad-based recovery in aggregate demand

#ShaktikantaDas #RBIPolicy
👉Consumer confidence for the year ahead has returned to 'optimistic' from historic lows

👉Projection for real GDP growth retained at 9.5% for FY22

#ShaktikantaDas #RBIPolicy
👉Interest rates unchanged, monetary policy stance remains 'accommodative' as five out of six MPC members vote in favour of it

👉Action aimed at prioritising growth and addressing distress in economy

#ShaktikantaDas #RBIPolicy
Read 8 tweets
#MonetaryPolicy विषयी @RBI चे गव्हर्नर @DasShaktikanta यांचे संबोधन

📅 - आज, 6 ऑगस्ट
⏰- सकाळी 10 वाजल्यापासून थेट

आर्थिक पतधोरण आढावा संबोधन🎥:

पतधोरणानंतर आज दुपारी 12 वाजता पत्रकार परिषद होईल

पत्रकार परिषद लिंक 👉
📡थेट पहा📡

#MonetaryPolicy विषयी @RBI चे गव्हर्नर @DasShaktikanta यांचे संबोधन

पहा
.@RBI ने रेपो दरात कोणताही बदल न करता रेपो दर 4% कायम राखला.

रिव्हर्स रेपो दरही कोणत्याही बदलाविना 3.35% वर कायम.

पतधोरण आढावा समितीची 4, 5 आणि 6 ऑगस्टला बैठक झाली.

- @DasShaktikanta , गव्हर्नर, आरबीआय

Read 24 tweets
Watch @RBI Governor @DasShaktikanta's address on #MonetaryPolicy, today at 10 AM

📅 - 06 August
Live from ⏰- 10 AM

Monetary Policy Address🎥:

Post policy Media conference today at 12:00 Noon
PC Link:
📡LIVE Now📡

#MonetaryPolicy Statement by @RBI Governor @DasShaktikanta

Watch
MPC voted unanimously to leave Policy Repo Rate unchanged at 4%

Also decided on a 5 to 1 majority to continue with the accommodative stands as long as necessary to revive growth on a durable basis and continue to mitigate the impact of #COVID19

- @RBI Governor @DasShaktikanta
Read 28 tweets
Does the #US10Y yield puzzle affect India? An earlier tweet covered the various angles to the US10Y yield puzzle. The perceived softness around #USgrowth appears to stand-out as a prominent reason. During the same time last week, we saw a sharp rise in the Indian 10Y...(1/12)
...yield to 6.18%. This appears to have been on the back of the #RBI's surprising (disappointing for traders/underwriters) choice of picking relatively illiquid papers for its new tranche of G-SAP 2.0. The announcement of a new 10Y benchmark paper auctioned on...(2/12)
...Friday, with a higher traded yield was another reason. Are the US and Indian bond markets related in anyway? The answer is an obvious yes. Given that the US is a key global driver, the #Fed's policy rates naturally push monetary policy of emerging markets and...(3/12)
Read 12 tweets

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