Snehal khanna Blog

RBI's MPC meet begins; decision on rates on August 2 LATEST NEWS :     The six-member Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Urjit Patel on Tuesday started two-day deliberations for its monetary policy review. The RBI will announce the bi-monthly monetary policy on Wednesday. Experts expect a reduction of 25 basis points in key lending rate this time, as inflation has cooled to record low levels. The meeting's outcome on Wednesday is being keenly awaited by all stakeholders, including industry and stock markets. Encouraged by significant price improvement, bankers expect RBI to change its monetary stance and cut benchmark lending rate by at least 0.25 per cent. Some expect that the central bank may go for an even more aggressive rate cut as the retail inflation touched a historic low of 1.54 per cent in June. The panel, in its previous bi-monthly review in June, had retained the repo rate at 6.25 ...

Her current term comes to an end in June 2018 LATEST NEWS :      Shikha Sharma has been re-appointed as MD&CEO of Axis Bank for three-year term from June 2018, putting to rest rumours about her being sounded out to head Tata's financial services vertical. Axis Bank informed Bombay Stock Exchange that board of directors has approved the re-appointment. The board held its meeting on 26th July, 2017. The appointment is subject to compliance with the prescribed formalities and receipt of requisite regulatory/ statutory approvals, the private lender said. Axis  had appointed an executive search firm to carry work on zeroing in on CEO to head the bank after her current term was to end in June 2018. Earlier in the day Sharma told media:  “The appointment of a search firm was in the interest of best governance, given that I would have done nine years with the bank in June 2018. It does not preclude anything about whether I will d...