RBI Deputy Governor Viral Acharya | Zee News

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NewsRBI Deputy Governor Viral Acharya

RBI Deputy Governor Viral Acharya News

02 Aug 2017

RBI forms group to improve marginal cost of lending rate system

As per RBI guidelines, banks have to prepare MCLR which will be the internal benchmark lending rate. Based upon this MCLR, interest rates for different categories of customers are fixed in accordance with their degree of risk.

02 Aug 2017

RBI comfortable with repo rate vs CPI target rate: Deputy Governor

The difference now stands at 2 percent, after the RBI cut the repo rate by 25 basis points to 6 percent, above the central bank`s inflation target of 4 percent.

RBI Deputy Governor Viral Acharya

22 Jul 2017

Cleaning of banks' balance sheet top priority: Viral Acharya

Last month, he had said that targeted interventions like reducing standard asset provisions for home loans, which will make them cheaper, will help revive the sagging growth rather than rate cuts.

22 Jul 2017

Money flow into financial savings increased post note ban: Viral Acharya

However, the Harvard professor said it will take years to judge the full impact of India`s demonetisation move in accelerating electronic payments and the larger picture is that the government has done much to promote financial inclusion.

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