Indian banks are facing liquidity constraints and are turning to certificates of deposit (CDs) as a solution for their short-term funding requirements. According to a report by Reuters, December is expected to witness the highest issuance of CDs since March. In November alone, banks raised ₹76,200 crore through the sale of CDs, marking the highest amount for this financial year, as reported by information provider Prime Database. Significant Increase in CD Fundraising in December As […]

RBI Warns Against Unauthorized Loan Waiver Campaigns: Public Urged to Exercise Caution The Reserve Bank of India (RBI) has issued a warning against misleading advertisement campaigns that claim to offer loan waivers. The central bank emphasizes the need for the public to be cautious and report such incidents to law enforcement agencies to prevent financial losses. Misleading Advertisements and Concerns The RBI has raised concerns after observing misleading advertisements related to loan waiver offers on […]

Expert Opinions on the RBI Monetary Policy Meeting: Will Interest Rates Remain Unchanged?   Introduction: The Reserve Bank of India (RBI) is set to convene its three-day Monetary Policy Committee (MPC) meeting on December 6, with the outcome expected to be announced on December 8. This article presents insights from five experts regarding the possible outcome of the meeting in terms of interest rates and policy stance.     Expert Opinions Rahul Bajoria, MD & […]

RBI Monetary Policy Committee Meeting: Dates, Time, Streams, and Expert Expectations   The Reserve Bank of India’s (RBI) upcoming Monetary Policy Committee (MPC) meeting is scheduled to take place from December 6 to December 8, 2023. RBI Governor Shaktikanta Das will lead the committee discussions and announce the committee’s decision on the morning of December 8. Determining the policy repo rate, which aims to achieve the targeted inflation rate while considering growth objectives, is the […]

RBI Governor Highlights Concerns Over Lending Practices and Fintech Models Reserve Bank of India (RBI) governor Shaktikanta Das has issued a cautionary statement regarding lending exuberance and overreliance on fintech models by financial institutions. In a recent speech at an event organized by industry lobby Ficci and the Indian Banks’ Association (IBA), Das emphasized the need for banks, non-banking financial companies (NBFCs), and other financial entities to account for risks while pricing loans and avoid […]