India’s economic growth is likely to decline on account of the impact of coronavirus pandemic and the consequent lockdown. Various financial institutions have been cutting India’s economic growth forecast. The rating agency Moody’s slashed India’s GDP growth rate estimate for the year 2020 to 2.5 % from 5.3% estimated just 2 weeks back. Foreign brokerage …
Yes Bank, one of India’s leading private banks, was put under moratorium by the RBI on 5th March 2020. Several restrictions were put on the functioning of the bank, and deposits were limited to Rs. 50,000 per day up to 3rd April with a maximum limit of Rs. 5 Lakhs. Meanwhile, the Government approved the …
International oil prices have been declining since January 2020. Brent crude has slid from $65 in December 2019 to below $30 in March. On 18th March, Brent crude fell more than 14 % to $24.52 barrels per day. Analysts expect the prices to touch $20 per barrel mark. [Brent crude and West Texas Intermediate (WTI) …
We already know that banks haven’t been passing down the RBI’s rate cuts to the borrowers. Therefore, the RBI took certain steps to drive up monetary policy transmission in its recent monetary policy review in February 2020. Highlights of the Monetary Policy Review: The RBI kept the repo rate unchanged at 5.15 %. It hadn’t …
LTRO: What is Long Term Repo Operations?- Explained Read More »
Contrary to the expectations, the RBI did not cut the Repo rate in its monetary policy review in December. The current repo rate stands at 5.15%. The analysts expected RBI to cut the Repo rate to spur economic growth given that India’s GDP fell to 4.5 % in July-Sept quarter 2019-20. [Read: Repo, CRR, SLR, …
Bharat Bond ETF, India’s first corporate bond ETF recently hit the market. What is it? How does it work? This article explains in a simplified manner. Exchange-Traded Fund(ETF)- What is it? ETF is a security that tracks the performance of an index, a commodity or a basket of assets. [Read: Decoding Bharat 22 ETF] For …
Bharat Bond ETF: India’s First Corporate Bond ETF- Explained Read More »
In October 2019, India moved up 14 spots to 63 on World Bank’s Ease of Doing Business (EDB) rankings. This was perceived as a huge positive for the economy amidst a record slowdown. What remained hidden though, was India’s rank in ‘Commercial Contract Enforceability’(one of the criteria for EDB). It remained at a rather appalling …