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178 ArticlesRBI

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You Can Opt Out of OTP for Small Transactions, But You Should Not.

Sick of OTPs? RBI has a new notification. You can say NO to the One Time Passwords that you need to key in every time you do an online transaction, but only ...
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RBI Increases CRR, Takes 300,000 Cr. From Banks For No Interest For A Fortnight

The RBI has decided to go ballistic on liquidity. There’s just too much cash in the system. People deposit money and there are withdrawal limits, so cash ...
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RBI Allows 60 Day More Time for Small Borrowers. This is NOT a Corporate Bailout.

In view of the major change in the economy due to the withdrawal of 500/1000 notes, the RBI has decided to give finance companies a reprieve on recording NPAs. ...
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RBI Policy: We Are Not Giving You 50 Lakh Rupees But We Will Buy Lots Of Bonds

In Raghuram Rajan’s last policy statement, he hasn’t changed rates at all. We spoke of this in our (premium) post and many things that’s been ...
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Macronomics: There Are Many Reasons to Cut Rates, But 3 Solid Reasons Not To

Raghuram Rajan's last monetary policy statement as governor comes tomorrow, and the big question is: Will he go out with a bang, by cutting ...
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Banks: MCLR Update – Aug 1, 2016

As a follow-up note on MCLR (Marginal Cost of funds based Lending Rate) and how it is changing the way banks lend in India, we are publishing the rates of ...
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RBI Opens Government Bonds and T-Bills to Retail Investors: Will You Buy?

RBI has opened up the government bond market to retail investors. We at Capital Mind have been waiting for Rajan to do this for years. When Raghuram Rajan ...
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Banks: MCLR Update – June 30, 2016

As a follow-up note on MCLR (Marginal Cost of funds based Lending Rate) and how it is changing the way banks lend in India, we are publishing the rates of ...
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Rajan Will Not Continue, But Let Us Believe The Next Person Will Not Be A Doofus

Raghuram Rajan’s term will not continue after September 4, 2016 because he doesn’t want to. In his letter to RBI staff, he writes:  I am an ...
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Chart: If Interest Rates Fall, Markets Also Seem To Fall!

Do interest rates really work opposite to market moves? Apparently, not quite so in India. We tracked repo rates (RBI) from 2001 and mapped it with the Nifty ...
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