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[hfe_template id='11223'] [ad_1] Reserve Bank of India's new Governor, Sanjay Malhotra, announced on Friday that the RBI will set up a panel to conduct a comprehensive review of trading and settlement timings for markets regulated by the central bank. At the end of the three-day meeting of the Monetary Policy Committee (MPC), Malhotra stated that a working group, with representation from various stakeholders, will be formed to carry out the review in light of recent developments in financial markets and market infrastructure. The panel will submit its report by April 30th of this year. The RBI acts as a regulator for both the money market and the forex market. "Synchronized and complementary market and settlement timings across various financial market segments can facilitate efficient price discovery and optimize liquidity requirements," the RBI said. Also read | RBI MPC cuts repo rate for first time in 5 years Over the last few years, there have been seve...

[hfe_template id='11223'] [ad_1] As yet another Finance Ministry insider and revenue secretary Sanjay Malhotra takes charge of the Reserve Bank of India (RBI) from Wednesday, market experts say the selection of two career bureaucrats as RBI Governor in a row indicates the government's comfort with having a bureaucrat rather than a technocrat at the central bank's helm. "In the past, when bureaucrats have joined the RBI, we have observed a greater alignment with the government’s way of thinking in the initial period, but over time this changes with more alignment seen with the RBI’s institutional thinking," Nomura's Sonal Varma said. Pointing out that a whole lot is known about Malhotra’s views on current economic issues, the brokerage firm said three potential changes could occur under the new RBI Governor. 1) Shift towards more accommodative monetary policy With the new RBI governor from the Finance Ministry and with fresh thinking at hand, a rate ...