Letters to Editor dated Oct 3, 2022

Capital market reforms Apropos the editorial ‘Taking stock’ (October 3), the slew of reforms unveiled by the capital market regulator are timely and, to a large extent, address the IPO related disclosures and the front-running issues in respect of mutual fund personnel that lead two insider trading. The mandatory requirement of furnishing the details of … Read more

Three stocks that shone in a volatile market

The week that went by was a turbulent one for Indian equities. After falling sharply in the first half of the week, bellwether indices witnessed some recovery towards the end of the week, to close the week with a decline of about a per cent. While the RBI’s monetary policy announcement was on expected lines, … Read more

Banks’ loan rates rise post 50 bps rate hike by RBI

The lending rate of banks is set to rise following the 50 bps repo rate hike by the Reserve Bank of India on Friday. The immediate impact will be on floating rate loans, which are linked to the repo rate or an external benchmark. The external benchmark-based lending rate (EBPL) for the country’s largest lender, … Read more

Kisan drones getting a leg up as RBI asks banks to finance agri drones

In a move that can boost technology driven farming, the Reserve Bank of India (RBI) has asked banks to start financing the purchase of Kisan Drones. “RBI has advised State Level Bankers Committees across the country to encourage banks to lend for purchase of Kisan Drones,” a senior RBI official told business line. The RBI’s … Read more

bagga: Why is Ajay Bagga cautioning to stay away from the markets for now

“October is not looking good to me at all. Do not take positions, the longs especially can get cut very badly,” says market expert Ajay Bagga. In September, we have two big events were held, the Federal Open Market Committee meet and the RBI Monetary Policy Committee deliberations. In October, we have Diwali. So, what … Read more

The Reserve Bank’s cautious and nimble stance

The hike in the repo rate by another 50 bps and maintaining the stance of “withdrawal of accommodation” are on the expected lines. The RBI commentary has been a balanced one — while global risks have been taken into account, the central bank appears confident of the growth momentum. The modest downward revision in GDP … Read more

The Reserve Bank’s cautious and nimble stance

The hike in the repo rate by another 50 bps and maintaining the stance of “withdrawal of accommodation” are on the expected lines. The RBI commentary has been a balanced one — while global risks have been taken into account, the central bank appears confident of the growth momentum. The modest downward revision in GDP … Read more

Letters to Editor dated September 30, 2022

Inflation versus growth Speaking of ‘RBI hikes repo rate by 50 bps to 5.9’ (September 30), it should not be construed as an ordinary development that the repo rate has gone up by 190 basis points since May 2022. Notably, five out of six members voted to remain focused on withdrawal of accommodation to ensure … Read more