The Repo Rate Hike: Inflation Gave the Cover, the Rupee Gave the Reason

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence RBI Policy Decoded The Repo Rate Hike: Inflation Gave the Cover, the Rupee Gave the Reason The RBI raised the repo rate by 25 basis points to 5.50 percent on 7 October 2026. With the rupee at ₹96.78 to the dollar, the Fed at 3.75–4.00 percent and bank credit growing near 18 percent, the fuller story is bigger than August CPI of 4.8 percent. The Reserve Bank of India raised the repo rate by 25 basis points to 5.50 percent on 7 October 2026. It is the first hike since February 2023, and the stance has moved from neutral to calibrated tightening. The rate decision was unanimous. The Governor cited inflation. The Monetary Policy Committee said the inflation outlook is no longer as comfortable as it was last year, and near-term rate cuts were taken off the table. That is the official story, and it is not wrong. But it is incomplete. Look at what surrounds the decision: a rupee near its record...
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Punjab National Bank Ltd on path to cut NPAs: MD
Photo: The Economic Times
May 24, 2016: Punjab National Bank Ltd (Rs.71.95) has already recovered Rs.1,800 crore in 54 days of Q1 FY17 against the targeted Rs.5,000 crore in the first quarter, MD and CEO Usha Ananthasubramanian said.

“You must see the robustness of the bank. The bank is very solid, otherwise it would not have made Rs.12,000-crore operating profit. We would like to resolve and minimise NPAs,” she said while addressing media persons in Mumbai on Tuesday.

PNB would be cautious about lending to sectors such as steel and textiles, she observed.

She said that the bank was undertaking a cost-cutting exercise and expected to maintain its cost-to-income ratio just above 40% for the next couple of years. 

PNB’s cost-to-income ratio for FY16 stood at 44.94% compared with 46.74% in FY15.

Courtesy: The Hindu Business Line

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