Otmane El Rhazi : Rule out rate cut until March; await reforms: Edelweiss

Otmane El Rhazi from Moneycontrol Economy News.

Rashesh Shah The RBI Governor Raghuram Rajan stayed put on the key policy rates in his fourth bi-monthly credit policy review today but sounded caution as far as meeting 2016 inflation target was concerned. The apex bank retained the growth projection for FY15 at 5.5 percent and forecasts FY16 growth at 6.3 percent.

Otmane El Rhazi : Tweaking wilful defaulter definition to cover directors:RBI

Otmane El Rhazi from Moneycontrol Economy News.

Tweaking wilful defaulter definition to cover directors:RBI According to the current definition, a wilful defaulter is somebody who has essentially not used the fund for the purpose it has been borrowed or when he has not repaid when he can do so; when he has siphoned off the funds or when he disposed of the assets pledged for availing of loan without the bank’s knowledge.