Home / News

Finance

  • 0

Reaction Quote of Kotak Mahindra Bank Limited on RBI Monetary Policy

Reaction Quote of Kotak Mahindra Bank Limited on RBI Monetary Policy

Kochi, April 12, 2023: “Very balanced and prudent approach taken by RBI in deciding to pause, keeping in mind both inflation control (price stability) & supporting GDP growth (financial stability). At the same time, reiterating & reinforcing the fact that sticky inflation & international markets will continue to be closely watched by them for future decisions – hence, keeping their options open. I believe, easing global situation, including some cool-off in inflation, leading to possibility of slower Fed hikes + domestically, a reasonably comfortable CAD & Forex Reserves position + overall consumption demand still in the positive territory – led the MPC to take this decision! Two key things to watch out for – unfolding of the monsoon (El Nino effect) and financial stability of the global markets. As things stand, I am hopeful that this rate hike pause will help in creating a positive mindset (in general), which can lead to some growth in both investment & consumption demand. Also, this being an election year + a strong capex expenditure budgetary plan announced by the Govt. should aid this.” says Mr.  Manish Kothari, President & Head – Commercial Banking, Kotak Mahindra Bank Limited on RBI Monetary Policy.

Previous News

Technology News

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Gurugram, India – October 11, 2023: Samsung announced exciting offers

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G

IN-SPACe unveils Decadal Vision & Strategy for Indian Space Economy

IN-SPACe unveils Decadal Vision & Strategy for Indian Space Economy

Bengaluru, October 10, 2023  IN-SPACe (Indian National Space Promotion and

Philips OneBlade Partners with College Rivals for an Epic Gaming Journey Enabling Gen Z to ‘Move Fearlessly’

Philips OneBlade Partners with College Rivals for an Epic Gaming Journey Enabling Gen Z to ‘Move Fearlessly’

New Delhi, October 3, India- Philips India announces an exciting co

Latest Business News

CSMIA's cargo operations thrive in FY 2024, driven by 10% rise in international volumes

CSMIA's cargo operations thrive in FY 2024, driven by 10% rise in international volumes

  • CSMIA witnessed a substantial 6% year-on-year growth in overall cargo volumes, with international cargo volume

NIQ Announces Inaugural ‘NIQ Founders Pitch Slam’ Competition for Emerging CPG Brands in India

NIQ Announces Inaugural ‘NIQ Founders Pitch Slam’ Competition for Emerging CPG Brands in India

One of the largest CPG Pitch Slams in India, offering participants a chance to win one year of free access to NIQ data, valued at $30,000!<

MasterChow taps renowned Chef Ranveer Brar as its Brand Ambassador to champion Asli Chinese

MasterChow taps renowned Chef Ranveer Brar as its Brand Ambassador to champion Asli Chinese

Through this exciting initiative, the brand aims to emerge as the go-to purveyor of authentic Chinese in India

New D