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ARTICLE · 12 JUNE 2024

AKP Banking & Finance Digest- June 10, 2024

AK & Partners
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In its recent meeting, the Monetary Policy Committee ("MPC") decided to keep the policy repo rate unchanged at 6.50%.

GlobalFinance and Banking
Anuroop Omkar
Anuroop Omkar

1. Regulatory Updates

1.1. India

1.1.1. MPC maintains repo rate amidst growth and inflation concerns

In its recent meeting, the Monetary Policy Committee ("MPC") decided to keep the policy repo rate unchanged at 6.50%. Despite resilient economic activity and signs of revival in private consumption, inflation remains a concern, particularly due to elevated food prices. MPC reaffirms its commitment to aligning inflation with the 4% target while supporting growth, opting to maintain a disinflationary stance. RBI

1.1.2. RBI's 2023-24 survey on foreign liabilities and assets of mutual funds and AMCs

Reserve Bank of India ("RBI") has commenced its annual survey for 2023-24 on foreign liabilities and assets of mutual funds and Asset Management Companies ("AMC"). This survey gathers data from mutual funds and AMCs regarding their external financial liabilities and assets as of the end of March of the latest financial year. Submission deadlines for AMCs and

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