Who decides CRR and SLR in India?
The Reserve Bank of India
The Reserve Bank of India is authorised to make monetary policy under the Reserve Bank of India Act, 1934 and can set the cash reserve ratio between 3% and 15%
The Reserve Bank of India
The Reserve Bank of India is authorised to make monetary policy under the Reserve Bank of India Act, 1934 and can set the cash reserve ratio between 3% and 15%
What is the upcoming RBI policy 2023?
In the April 2023 policy, the RBI had paused its rate hike cycle after raising the key lending rate for six consecutive times since May 2022. The RBI retained the real GDP growth projection at 6.5 per cent for FY2024 but cut the inflation projection marginally from 5.2 per cent to 5.1 per cent for the current fiscal.
What is the monetary policy in June 2023?
In June 2023, the Monetary Policy Committee decided to keep the benchmark repo rate unchanged for the second time in a row, amid easing inflation and steady GDP growth in the Indian economy. RBI Governor Shaktikanta Das, however, was ready to act should the situation so warrant.
How many times MPC is conducted in a year?
The MPC is required to meet at least four times in a year. The quorum for the meeting of the MPC is four members.
In June 2023, the Monetary Policy Committee decided to keep the benchmark repo rate unchanged for the second time in a row, amid easing inflation and steady GDP growth in the Indian economy. RBI Governor Shaktikanta Das, however, was ready to act should the situation so warrant.
How many times MPC is conducted in a year?
The MPC is required to meet at least four times in a year. The quorum for the meeting of the MPC is four members.
What is the date of monetary policy in June 2023?
The Monetary Policy Committee (MPC) met on 6th, 7th and 8th June 2023. Based on an assessment of the macroeconomic situation and the outlook, the MPC decided unanimously to keep the policy repo rate unchanged at 6.50 per cent.
The Monetary Policy Committee (MPC) met on 6th, 7th and 8th June 2023. Based on an assessment of the macroeconomic situation and the outlook, the MPC decided unanimously to keep the policy repo rate unchanged at 6.50 per cent.
How many times RBI announces monetary policy in a year?
The Reserve Bank of India (RBI) has announced that its rate-setting panel, the Monetary Policy Committee (MPC), will meet six times in the next financial year (FY24). The first meeting of the MPC is scheduled to take place from April 3-6, followed by meetings in June, August, October, December, and February 2024.
The Reserve Bank of India (RBI) has announced that its rate-setting panel, the Monetary Policy Committee (MPC), will meet six times in the next financial year (FY24). The first meeting of the MPC is scheduled to take place from April 3-6, followed by meetings in June, August, October, December, and February 2024.
How many members are there in a Monetary Policy Committee?
There are six members in the RBI's Monetary Policy Committee (MPC) of which three are from RBI and three are appointed by the Central government. The Members of the Monetary Policy Committee appointed by the Central Government shall hold office for a period of four years.
There are six members in the RBI's Monetary Policy Committee (MPC) of which three are from RBI and three are appointed by the Central government. The Members of the Monetary Policy Committee appointed by the Central Government shall hold office for a period of four years.
Who are the members of the monetary policy in 2023?
All members of the MPC, including Dr. Shashanka Bhide, Dr. Ashima Goyal, Jayanth R. Varma, Rajiv Ranjan, Michael Debabrata Patra, and Shaktikanta Das, unanimously voted to keep the policy repo rate unchanged at 6.5% for the second time.
All members of the MPC, including Dr. Shashanka Bhide, Dr. Ashima Goyal, Jayanth R. Varma, Rajiv Ranjan, Michael Debabrata Patra, and Shaktikanta Das, unanimously voted to keep the policy repo rate unchanged at 6.5% for the second time.
Who are the 4 deputy governors of RBI?
One post of Deputy Governor is reserved for a commercial banker out of the four Reserve Bank of India Deputy Governors for which SBI MD Swaminathan Jankiraman has been appointed. The other three deputy governors are Michael Debabrata Patra, M Rajeshwar Rao and T Rabi Sankar
One post of Deputy Governor is reserved for a commercial banker out of the four Reserve Bank of India Deputy Governors for which SBI MD Swaminathan Jankiraman has been appointed. The other three deputy governors are Michael Debabrata Patra, M Rajeshwar Rao and T Rabi Sankar
Who was the first female governor of RBI?
RBI has never had a female Governor. The Reserve Bank of India has not had a female Governor ever since it was formed on April 1, 1935. However, the apex bank had three female Deputy Governors, KJ Udeshi being the first appointed in 2003.
RBI has never had a female Governor. The Reserve Bank of India has not had a female Governor ever since it was formed on April 1, 1935. However, the apex bank had three female Deputy Governors, KJ Udeshi being the first appointed in 2003.
Who is the first woman Deputy Governor of RBI?
KJ Udeshi
KJ Udeshi
KJ Udeshi is the first woman to hold the position of Deputy Governor in the Reserve Bank of India (RBI).
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