In an encouraging development, RBI’s deputy governor S.S. Mundra underscored economic growth gradually picking up and India to meet the Reserve Bank of India’s (RBI)’s inflation target of 6% by January 2016. He also pointed to the possibility of some global uncertainty, but at the same time highlighted that system was well prepared to deal with systematic shocks.
Bolstering prospects for further interest rate cuts, India’s consumer prices inflation accelerated to 5.11% in January, after shifting to a new base year for calculating prices, but stayed well below the central bank`s target.
The deputy government further stated that the state run banks would require Rs 2.5 trillion in capital to meet Basel III requirements by 2019, which is higher than the requirement of Rs 2.4 trillion envisaged for these banks earlier.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: