Business

RBI monetary policy Highlights: Governor Shaktikanta Das keeps repo rate unchanged at 4% | All points in br… – Zee Business

RBI monetary policy Highlights: Governor Shaktikanta Das today announced that repo rate has been kept unchanged at 4%. The Reserve Bank of India`s (RBI) Monetary Policy Committee voted unanimously to keep the policy repo rate unchanged at 4 per cent, said RBI Governor Shaktikanta Das on Friday. “The Monetary Policy Committee met on 3rd, 4th and 5th February and deliberated on current and evolving macroeconomic and financial developments both domestic and global. The MPC voted unanimously to leave the policy repo rate unchanged at 4 per cent,” said Das.

See Zee Business Live TV Streaming Below:

Check RBI monetary policy Highlights: 

1. Stance of liquidity management continues to remain accommodative in line with monetary policy.

2. The MPC voted unanimously to leave the policy repo rate unchanged at 4 percent.

3. The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with RBI.

4. Cash reserve ratio to be gradually restored to 4 percent by May 27, 2021.

5. Vegetables prices likely to remain soft in near term; inflation to be revised to 5.2 percent in Q4 of FY21.

6. RBI extends deadline for meeting capital conservation buffer of 0.625 pc till October 2021.

7. RBI to allow retail investors to directly access G-sec market. 

8. RBI to ensure government’s market borrowing programme functions in non-disruptive manner: RBI Guv. 9. RBI keeps policy rate unchanged fourth time in a row.

10. Integrated Ombudsman Scheme for customer grievance redressal to be rolled out by June 2021.

11. GDP growth projected at 10.5 percent for next fiscal. Outlook on growth turns positive; signs of recovery strengthen further. Inflation has returned to tolerance band (of 4 percent)

12. Central bank to maintain accommodative monetary policy stance to support growth, keep inflation at targeted level

13. Integrated Ombudsman Scheme for customer grievance redressal to be rolled out by June 2021

14. Financal help to be provided to NBFC through TLTRO scheme

15. Banks will get relaxation for new MSME loan up to 25 lakhs

16. New Expert Committee to be created for equality between Urban Corporate Bank and Commercial Banks.

You may also like