Podcast
Questions and Answers
What is the current benchmark repo rate as announced by the Reserve Bank of India?
What is the current benchmark repo rate as announced by the Reserve Bank of India?
- 6.5% (correct)
- 7.0%
- 6.75%
- 6.25%
Which new policy stance was adopted by the RBI Monetary Policy Committee?
Which new policy stance was adopted by the RBI Monetary Policy Committee?
- Expansionary
- Withdrawal of Accommodation
- Contractionary
- Neutral (correct)
What was retained for FY25 GDP growth estimates?
What was retained for FY25 GDP growth estimates?
- 7.5%
- 7.2% (correct)
- 7.0%
- 6.5%
What was the CPI inflation forecast for FY25 as announced by the RBI?
What was the CPI inflation forecast for FY25 as announced by the RBI?
Which quarter had its GDP growth estimate cut to 7% from 7.2%?
Which quarter had its GDP growth estimate cut to 7% from 7.2%?
Which measure was not included in the additional policy measures by the RBI?
Which measure was not included in the additional policy measures by the RBI?
In the latest monetary policy meeting, how did the MPC members vote regarding maintaining the status quo?
In the latest monetary policy meeting, how did the MPC members vote regarding maintaining the status quo?
Which rate remained unchanged at 6.75% during the RBI's policy announcement?
Which rate remained unchanged at 6.75% during the RBI's policy announcement?
Flashcards
Retail Lending Segment
Retail Lending Segment
Loans and advances used for personal consumption, financial life cycle needs, and purposes other than business (excluding C&IC, MSME, and Rural & Agri).
Repo Rate (FY25)
Repo Rate (FY25)
The benchmark interest rate set by the RBI. Kept unchanged at 6.5% for tenth consecutive meeting.
Policy Stance Change to 'Neutral'
Policy Stance Change to 'Neutral'
The RBI shifted its stance on monetary policy from 'Withdrawal of Accommodation' to 'Neutral'.
FY25 GDP Growth Estimate
FY25 GDP Growth Estimate
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CPI Inflation Forecast (FY25)
CPI Inflation Forecast (FY25)
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Responsible Lending Conduct Norms
Responsible Lending Conduct Norms
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Capital Raising Avenues
Capital Raising Avenues
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Reserve Bank Climate Risk Information System
Reserve Bank Climate Risk Information System
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Study Notes
Retail Lending Segment
- Loans and advances for personal consumption, meeting financial needs, and non-business purposes fall under Retail Lending.
- This segment includes existing and new products, approved by relevant authorities.
RBI Monetary Policy (October 9, 2024)
- The Reserve Bank of India (RBI) kept the benchmark repo rate unchanged at 6.5%.
- The policy stance shifted from 'withdrawal of accommodation' to 'neutral'.
- FY25 GDP growth estimate is projected at 7.2%.
- FY25 CPI inflation forecast is 4.5%.
GDP Growth Estimates (FY25)
- Q2FY25 GDP growth estimate reduced to 7% from 7.2%.
- Q3FY25 GDP growth estimate increased to 7.4% from 7.3%.
- Q4FY25 GDP growth estimate increased to 7.4% from 7.2%.
- Q1FY26 GDP growth estimate increased to 7.3% from 7.2%.
CPI Inflation Forecast (FY25)
- Q2FY25 CPI inflation estimate decreased to 4.1% from 4.4%.
- Q3FY25 CPI inflation estimate increased to 4.8% from 4.7%.
- Q4FY25 CPI inflation estimate decreased to 4.2% from 4.3%.
- Q1FY26 CPI inflation forecast decreased to 4.3% from 4.4%.
Additional Policy Measures
- Responsible Lending Conduct norms broadened to include Micro, Small and Medium Enterprises (MSMEs).
- A discussion paper was issued on capital raising avenues for primary urban cooperative banks.
- A Reserve Bank Climate Risk Information System was created.
- UPI transaction and wallet limits were enhanced.
- A beneficiary account name look-up facility was introduced for RTGS and NEFT.
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Description
This quiz covers the Reserve Bank of India's monetary policy decisions and economic forecasts for FY25, including GDP growth and CPI inflation estimates. Test your understanding of the Retail Lending segment and the implications of these economic indicators.
