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Publication : The Central Chronicle City : Raipur Date : August 8, 2019 Page : 1+15
Publication : The Tribune City : New Delhi Date : August 8, 2019 Page : 12
Publication : The Statesman City : New Delhi Date : August 8, 2019 Page : 11
Publication : The Millennium Post City : New Delhi Date : August 8, 2019 Page : 12
Publication : The Rashtriya Sahara City : New Delhi Date : August 8, 2019 Page : 15
Publication : The Dainik Jagran City : New Delhi Date : August 8, 2019 Page : 10
Publication : The Dainik Jagran City : New Delhi Date : August 8, 2019 Page : 10
Publication : The Jansatta City : New Delhi Date : August 8, 2019 Page : 11
Asia central banks stun markets with series of rate cuts amid slow growth
Banks must transmit RBI rate cut to hike consumption, investment: India Inc The Reserve Bank of India's (RBI) Monetary Policy Committee on Wednesday cut the interest
rate by 35 basis points -- the fourth successive reduction -- to a nine-year-low level
Press Trust of India | New Delhi Last Updated at August 7, 2019 19:33 IST
ALSO READ
Too little, too late: Why experts not happy with RBI's rate cut gift to PM? RBI likely to cut repo rate by 25 bps in April policy: Goldman Sachs report Repo rate at lowest level in 9 years. Key takeaways from RBI's policy meet Economists call for at least 25 bps rate cut by RBI in April policy meet RBI cuts repo rate by 25 bps to 5.75%, changes stance to accommodative
With the RBI slashing the repo rate by 35 basis points, India Inc on Wednesday said its
swift and full transmission by banks in the form of lower lending rates will be crucial to lift
consumption and investment in the economy.
The Reserve Bank of India's (RBI) Monetary Policy Committee on Wednesday cut the
interest rate by 35 basis points -- the fourth successive reduction -- to a nine-year-low
level, in an attempt to boost an economy growing at its slowest pace in nearly five years.
The central bank reduced its growth projection for the Indian economy to 6.9 per cent for
the current financial year, from 7 per cent forecast in June, due to a slowdown in
demand and investments.
"With today's (Wednesday's) cut, the RBI has lowered the policy rate (repo) by 110 basis
points in the current calendar year. The central bank has also kept liquidity in the surplus
mode, and it is now critical for banks to move fast and transmit this ease in policy rate in
the form of lower lending rates.
"Unless the transmission is swift and full, we may not see a change in the consumption
and investment trajectory," Ficci President Sandip Somany said.
PHD Chamber of Commerce and Industry President Rajeev Talwar said the repo
rate cut will help rejuvenate consumption and increase competitiveness of the producers
with reduced cost of capital.
"However, at this juncture, transmission of the cut in repo rate with an effective
reduction in lending rates by the banking sector would be crucial to materialise the
benefits at the ground level," said Talwar.
"Going ahead, we expect repo rate to come down to 5 per cent in the coming quarters
for enhanced liquidity and availability of credit to the industry especially to the MSMEs
(micro, small and medium enterprises) with a significant reduction in the cost of capital,"
he added.
The repo rate is the rate at which the RBI lends to banks.
According to the Indian Chamber of Commerce, reduction in the repo rate will transmit to
cheaper loans which will boost the economy at large, especially sectors such as real
estate and automobiles, and spur the latent consumer demand in these segments.
Higher disposable income in the hands of consumer will also fuel the growth in domestic
demand going forward.
"In a scenario where there is pressure on GDP (gross domestic product) growth, the
move will spur investment and boost consumption activity in the economy.
We believe that this announcement might result in a further reduction in home loan rates
and will provide an impetus to the government's initiative of affordable housing,"
Anshuman Magazine, chairman and chief executive officer (India, South East Asia,
Middle East & Africa), CBRE, said.
Exporter's body EEPC India Chairman Ravi Sehgal said the central bank should also
ensure easy credit disbursal to the exporters, especially in the MSME sector and
transmission by the banks of the earlier reductions in the lending rates.
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repo rate cut: India Inc
Banks must transmitRBI repo rate cut: IndiaInc
New Delhi: With the RBI slashing the repo rate by 35basis points, India Inc on Wednesday said its swift andfull transmission by banks in the form of lower lendingrates will be crucial to lift consumption and investmentin the economy. The central bank reduced its growthprojection for the Indian economy to 6.9 per cent for thecurrent financial year, from 7 per cent forecast in June,due to a slowdown in demand and investments.
"With Wednesday's cut, the RBI has lowered the policyrate (repo) by 110 basis points in the current calendaryear. The central bank has also kept liquidity in thesurplus mode, and it is now critical for banks to movefast and transmit this ease in policy rate in the form oflower lending rates.
Also Read - Rupee rebounds 18 paise to 70.71against USD in early trade (/business/rupee-rebounds-18-paise-to-7071-against-usd-in-early-trade-367875)
Team MP (/) 7 Aug 2019 10:24 PM
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"Unless the transmission is swift and full, we may notsee a change in the consumption and investmenttrajectory," Ficci President Sandip Somany said.
PHD Chamber of Commerce and Industry PresidentRajeev Talwar said the repo rate cut will help rejuvenateconsumption and increase competitiveness of theproducers with reduced cost of capital.
"However, at this juncture, transmission of the cut inrepo rate with an effective reduction in lending rates bythe banking sector would be crucial to materialise thebenefits at the ground level," said Talwar.
Also Read - Banks have passed on only 29 of RBI's75 bps cuts: Guv Das (/business/banks-have-passed-on-only-29-of-rbis-75-bps-cuts-guv-das-367770)
"Going ahead, we expect repo rate to come down to 5per cent in the coming quarters for enhanced liquidityand availability of credit to the industry especially to theMSMEs (micro, small and medium enterprises) with asignificant reduction in the cost of capital," he added.The repo rate is the rate at which the RBI lends to banks.
According to the Indian Chamber of Commerce,reduction in the repo rate will transmit to cheaper loanswhich will boost the economy at large, especiallysectors such as real estate and automobiles, and spurthe latent consumer demand in these segments. Higherdisposable income in the hands of consumer will alsofuel the growth in domestic demand going forward.
In a scenario where there is pressure on GDP (grossdomestic product) growth, the move will spurinvestment and boost consumption activity in theeconomy.
Last Updated : Aug 07, 2019 05:23 PM IST | Source: PTI
Banks must transmit repo rate
cut by RBI to boost
consumption, investment:
India Inc The repo rate is the rate at which the RBI lends to banks. PTI@moneycontrolcom
With the RBI slashing the repo rate by 35 basis points, India Inc on August 7 said
its swift and full transmission by banks in the form of lower lending rates will be
crucial to lift consumption and investment in the economy.
The Reserve Bank of India's (RBI) Monetary Policy Committee on August 7 cut
the interest rate by 35 basis points -- the fourth successive reduction -- to a nine-
year-low level, in an attempt to boost an economy growing at its slowest pace in
nearly five years.
The central bank reduced its growth projection for the Indian economy to 6.9
percent for the current financial year, from 7 percent forecast in June, due to a
slowdown in demand and investments.
"With today's (Wednesday's) cut, the RBI has lowered the policy rate (repo) by 110
basis points in the current calendar year. The central bank has also kept liquidity in
the surplus mode, and it is now critical for banks to move fast and transmit this
ease in policy rate in the form of lower lending rates.
"Unless the transmission is swift and full, we may not see a change in the
consumption and investment trajectory," Ficci President Sandip Somany said.
PHD Chamber of Commerce and Industry President Rajeev Talwar said the repo
rate cut will help rejuvenate consumption and increase competitiveness of the
producers with reduced cost of capital.
"However, at this juncture, transmission of the cut in repo rate with an effective
reduction in lending rates by the banking sector would be crucial to materialise the
benefits at the ground level," said Talwar.
"Going ahead, we expect repo rate to come down to 5 percent in the coming
quarters for enhanced liquidity and availability of credit to the industry especially
to the MSMEs (micro, small and medium enterprises) with a significant reduction
in the cost of capital," he added.
The repo rate is the rate at which the RBI lends to banks.
According to the Indian Chamber of Commerce, reduction in the repo rate will
transmit to cheaper loans which will boost the economy at large, especially sectors
such as real estate and automobiles, and spur the latent consumer demand in these
segments.
Higher disposable income in the hands of consumer will also fuel the growth in
domestic demand going forward.
"In a scenario where there is pressure on GDP (gross domestic product) growth,
the move will spur investment and boost consumption activity in the economy.
We believe that this announcement might result in a further reduction in home loan
rates and will provide an impetus to the government's initiative of affordable
housing," Anshuman Magazine, chairman and chief executive officer (India, South
East Asia, Middle East & Africa), CBRE, said.
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"In a scenario where there is pressure on GDP (gross
domestic product) growth, the move will spur investment
and boost consumption activity in the economy.
Banks must transmit repo rate cut byboost consumption, investment: IndiaThe Reserve Bank of India's (RBI) Monetary Policy Committee on Wednesinterest rate by 35 basis points -- the fourth successive reduction -- to a ninlevel.
New Delhi: With the RBI slasrate by 35 basis points, India Wednesday said its swift andtransmission by banks in the lending rates will be crucial toconsumption and investment The Reserve Bank of India's Policy Committee on Wednesinterest rate by 35 basis poinsuccessive reduction -- to a nlevel, in an attempt to boost agrowing at its slowest pace inyears.
Th t l b k d d it th j ti f th I di t 6
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The central bank reduced its growth projection for the Indian economy to 6the current financial year, from 7 per cent forecast in June, due to a slowdoand investments. "With today's (Wednesday's) cut, the RBI has lowered the policy rate (repopoints in the current calendar year. The central bank has also kept liquidity mode, and it is now critical for banks to move fast and transmit this ease inthe form of lower lending rates. "Unless the transmission is swift and full, we may not see a change in the cand investment trajectory," Ficci President Sandip Somany said. PHD Chamber of Commerce and Industry President Rajeev Talwar said thewill help rejuvenate consumption and increase competitiveness of the prodreduced cost of capital.
"However, at this juncture, transmission of the cut in repo rate with an effeclending rates by the banking sector would be crucial to materialise the beneground level," said Talwar. "Going ahead, we expect repo rate to come down to 5 per cent in the comienhanced liquidity and availability of credit to the industry especially to the small and medium enterprises) with a significant reduction in the cost of ca
CBRE Group Gross Domestic Product New Delhi Ravi S
Monetary Policy Committee
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The repo rate is the rate at which the RBI lends to banks. According to the Indian Chamber of Commerce, reduction in the repo rate wcheaper loans which will boost the economy at large, especially sectors suestate and automobiles, and spur the latent consumer demand in these segdisposable income in the hands of consumer will also fuel the growth in domgoing forward. "In a scenario where there is pressure on GDP (gross domestic product) grwill spur investment and boost consumption activity in the economy. We believe that this announcement might result in a further reduction in hoand will provide an impetus to the government's initiative of affordable housAnshuman Magazine, chairman and chief executive officer (India, South EaEast & Africa), CBRE, said. Exporter's body EEPC India Chairman Ravi Sehgal said the central bank sensure easy credit disbursal to the exporters, especially in the MSME sectotransmission by the banks of the earlier reductions in the lending rates.
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Read more on
The Financial Express
Banks must transmit repo rate cut
by RBI to boost consumption,
investment: India Inc By: PTI |
Published: August 7, 2019 5:37:10 PM
The central bank reduced its growth projection for the Indian economy to 6.9 per
cent for the current financial year, from 7 per cent forecast in June, due to a
slowdown in demand and investments.
The Reserve Bank of India’s (RBI) Monetary Policy Committee on Wednesday cut the interest rate by 35 basis points — the fourth successive reduction — to a nine-year-low level, in an attempt to boost an economy growing at its slowest pace in nearly five years.
With the RBI slashing the repo rate by 35 basis points, India Inc on Wednesday said
its swift and full transmission by banks in the form of lower lending rates will be
crucial to lift consumption and investment in the economy. The Reserve Bank of
India’s (RBI) Monetary Policy Committee on Wednesday cut the interest rate by 35
basis points — the fourth successive reduction — to a nine-year-low level, in an
attempt to boost an economy growing at its slowest pace in nearly five years.
The central bank reduced its growth projection for the Indian economy to 6.9 per
cent for the current financial year, from 7 per cent forecast in June, due to a
slowdown in demand and investments. “With today’s (Wednesday’s) cut, the RBI has
lowered the policy rate (repo) by 110 basis points in the current calendar year. The
central bank has also kept liquidity in the surplus mode, and it is now critical for
banks to move fast and transmit this ease in policy rate in the form of lower lending
rates. “Unless the transmission is swift and full, we may not see a change in the
consumption and investment trajectory,” Ficci President Sandip Somany said.
PHD Chamber of Commerce and Industry President Rajeev Talwar said the repo
rate cut will help rejuvenate consumption and increase competitiveness of the
producers with reduced cost of capital. “However, at this juncture, transmission of
the cut in repo rate with an effective reduction in lending rates by the banking sector
would be crucial to materialise the benefits at the ground level,” said Talwar.
“Going ahead, we expect repo rate to come down to 5 per cent in the coming
quarters for enhanced liquidity and availability of credit to the industry especially to
the MSMEs (micro, small and medium enterprises) with a significant reduction in the
cost of capital,” he added.
The repo rate is the rate at which the RBI lends to banks. According to the Indian
Chamber of Commerce, reduction in the repo rate will transmit to cheaper loans
which will boost the economy at large, especially sectors such as real estate and
automobiles, and spur the latent consumer demand in these segments. Higher
disposable income in the hands of consumer will also fuel the growth in domestic
demand going forward.
“In a scenario where there is pressure on GDP (gross domestic product) growth, the
move will spur investment and boost consumption activity in the economy. We
believe that this announcement might result in a further reduction in home loan rates
and will provide an impetus to the government’s initiative of affordable housing,”
Anshuman Magazine, chairman and chief executive officer (India, South East Asia,
Middle East & Africa), CBRE, said.
Exporter’s body EEPC India Chairman Ravi Sehgal said the central bank should also
ensure easy credit disbursal to the exporters, especially in the MSME sector and
transmission by the banks of the earlier reductions in the lending rates.
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Banks must transmit repo rate cut by RBI to boostconsumption, investment: India Inc
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New Delhi, Aug 7 () With the RBI slashing the repo rate by 35 basis points, IndiaInc on Wednesday said its swift and full transmission by banks in the form of lowerlending rates will be crucial to lift consumption and investment in the economy.The Reserve Bank of India's (RBI) Monetary Policy Committee on Wednesday cutthe interest rate by 35 basis points -- the fourth successive reduction -- to a nine-year-low level, in an attempt to boost an economy growing at its slowest pace innearly five years.The central bank reduced its growth projection for the Indian economy to 6.9 percent for the current financial year, from 7 per cent forecast in June, due to aslowdown in demand and investments."With today's (Wednesday's) cut, the RBI has lowered the policy rate (repo) by 110basis points in the current calendar year. The central bank has also kept liquidity inthe surplus mode, and it is now critical for banks to move fast and transmit thisease in policy rate in the form of lower lending rates."Unless the transmission is swift and full, we may not see a change in theconsumption and investment trajectory," Ficci President Sandip Somany said.PHD Chamber of Commerce and Industry President Rajeev Talwar said the reporate cut will help rejuvenate consumption and increase competitiveness of theproducers with reduced cost of capital."However, at this juncture, transmission of the cut in repo rate with an effectivereduction in lending rates by the banking sector would be crucial to materialise thebenefits at the ground level," said Talwar."Going ahead, we expect repo rate to come down to 5 per cent in the comingquarters for enhanced liquidity and availability of credit to the industry especiallyto the MSMEs (micro, small and medium enterprises) with a significant reductionin the cost of capital," he added.The repo rate is the rate at which the RBI lends to banks.According to the Indian Chamber of Commerce, reduction in the repo rate willtransmit to cheaper loans which will boost the economy at large, especially sectorssuch as real estate and automobiles, and spur the latent consumer demand in these