In line with expectations, the RBI kept Repo, CRR and SLR rates unchanged in its Fourth Bi-Monthly Monetary Policy. In the accompanying policy statement, three announcements assume importance:
Largely the policy declarations are in line with our expectations. Inflation targets for 2015 and 2016 appear to be within reach as of now. RBI has reconfirmed GDP expectations at 5.50% for the curren...
The Central Board of the State Bank of India (SBI), at its meeting held on 24.09.2014, has approved to reduce the face value of equity shares of the bank from Rs...
