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Tag: Rbi Governor

RBI Governor Shaktikanta Das
Big tech's financial services play poses systemic concerns like overleverage: RBI Governor

Such companies can include entities in e-commerce, search engines and social media platforms that have started to offer financial services in a "big way" on their own or through tie-ups, he said, adding this is leading to the use of new methodologies in credit assessment.

  • Friday, 17 June 2022
Shaktikanta Das
India's FY23 GDP Growth Projected At 7.8%: RBI Guv

In a statement after the Monetary Policy Committee's bi-monthly meet, RBI Governor Shaktikanta Das said the real GDP growth is projected at 17.2 per cent in Q1FY23, at 7 per cent in Q2; at 4.3 per cent in Q3 and Q4 at 4.5 per cent.

  • Thursday, 10 February 2022
RBI Governo at Lord Jagannath Temple
RBI Governor Visits Lord Jagannath Temple In Puri

RBI Governor Visits Lord Jagannath Temple In Puri.

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  • Monday, 22 November 2021
RBI-Guv
Rising Covid Cases A Concern, But Lockdowns Unlikely: RBI Guv

Mumbai: The rising COVID-19 infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, Reserve Bank Governor Shaktikanta Das said on Thursday. The economic revival will continue “unabated”, Das said, asserting that there is no need for a downward revision of […]

  • Friday, 02 April 2021
RBI-Guv
RBI Maintains Status Quo Third Time In A Row, Keeps Policy Rate Unchanged At 4%

Mumbai: Concerned over elevated inflation, Reserve Bank of India on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying more rate cuts in the future if need arises to support the economy hit by the COVID-19 pandemic. The benchmark repurchase (repo) rate has been left unchanged […]

  • Thursday, 08 April 2021
RBI Guv Shaktikanta Das Tests COVID-19 Positive
RBI Guv Shaktikanta Das Tests COVID-19 Positive

Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday said that he has tested positive of novel coronavirus infection. Das, however, said that he is asymptomatic and is feeling alright. #BreakingNews: RBI Governor Shaktikanta Das tests positive for #Covid19; says he is asymptomatic (PTI) pic.twitter.com/Rj4ySJrhqN — OTV (@otvnews) October 25, 2020 “I have […]

  • Saturday, 10 April 2021
India At Doorstep Of Economic Revival: RBI Governor

New Delhi: Reserve Bank Governor Shaktikanta Das on Wednesday said the country is at the doorstep of economic revival on the back of accommodative monetary and fiscal policies being pursued by the central bank and the government. Das was speaking at the launch of the book ‘Portraits of Power: Half a Century of Being at […]

  • Saturday, 10 April 2021
RBI-Governor
RBI Guv Says, Extreme Risk Aversion To Have Adverse Outcomes

New Delhi: As the economy reels under the pandemic and post lockdown woes, Reserve Bank of India (RBI) Governor Shaktikanta Das is of the view that extreme risk aversion by financial institutions will have adverse outcomes for all. Noting that India’s financial system remains sound, Das, in his foreword to the RBI‘s latest Financial Stability […]

  • Wednesday, 14 April 2021
RBI-Guv
Economy Showing Signs Of Getting Back To Normalcy: RBI Governor

Mumbai: India’s economy is showing signs of getting back to normalcy, Reserve Bank of India Governor Shaktikanta Das said on Saturday. In a keynote address at the 7th SBI Banking and Economics Conclave, Das noted that medium term outlook still remains uncertain. “Despite the substantial impact of pandemic in our daily lives, the financial system […]

  • Thursday, 15 April 2021
RBI-Governor
RBI to soon come up with scheme for Yes Bank revival

Mumbai: The Reserve Bank of India (RBI) will soon come out with a scheme to revive the capital-starved Yes Bank, RBI Governor Shakti Kanta Das said on Friday. “We took the step (of putting it under moratorium) when we found that Yes Bank efforts were not working. Depositors’ interests will be fully protected,” Das told […]

  • Monday, 19 April 2021
Shaktikanta-Das
Top 50 NBFCs' Asset-Liability Status Under RBI Lens: Shaktikanta Das

Mumbai: The top 50 non-banking finance companies (NBFCs) were being monitored closely, said Reserve Bank of India Governor Shaktikanta Das, here on Monday, hinting at the RBI’s focus on early detection of risks signs or any contagion effect on the credit system. “The asset-liability management (ALM) position and other relevant aspects of the top 50 […]

  • Monday, 19 April 2021
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Coronavirus Outbreak To Hit Global Growth; To Have Limited Impact On India: RBI Governor

New Delhi: The coronavirus outbreak will have a limited impact on India but the global GDP and trade will definitely get affected due to the large size of the Chinese economy, RBI Governor Shaktikanta Das has said. Only a couple of sectors in India are likely to see some disruptions but alternatives are being explored […]

  • Monday, 19 April 2021
Shaktikanta-Das
RBI Guv: Govt Must Continue Reforms; Green Shoots Of Recovery Need To Sustain

New Delhi: Reserve Bank Governor Shaktikanta Das on Monday said the government will have to use structural reforms to revive demand and support the sagging economy, and green shoots of the recovery visible now need to be sustained to pull India out of its worst slowdown in 11 years. In an interview with PTI, he […]

  • Monday, 19 April 2021
Shaktikanta-Das
Transmission Of Rate Cuts To Improve Further, Says RBI Governor

New Delhi: Reserve Bank Governor Shaktikanta Das on Saturday said transmission of rate cuts is expected to improve further in the coming days and that momentum is gathering pace on credit growth. Earlier this month, the central bank opted for a status quo on the benchmark interest rate, amid signs of hardening inflation and an […]

  • Monday, 19 April 2021
Shaktikanta-Das
Budget unlikely to have much inflationary impact: RBI Governor

New Delhi: RBI Governor Shaktikanta Das on Saturday said the budget proposals will not have much inflationary impact as the government has by and large remained within the fiscal deficit roadmap set under the FRBM Act. The Union Budget earlier this month raised the fiscal deficit target to 3.8 per cent of the GDP for […]

  • Monday, 19 April 2021
RBI-governor-Shaktikanta-Da
RBI Has Many Other Tools To Revive Growth, Not Just Interest Rates: RBI Guv Shaktikanta Das

Mumbai: After leaving benchmark interest rates unchanged in the second consecutive policy review, RBI governor Shaktikanta Das on Thursday said the central bank has many other instruments to address the sluggishness the economy, not just interest rates. The Reserve Bank of India (RBI) in its sixth bi-monthly monetary policy pegged GDP growth for FY21 at […]

  • Tuesday, 20 April 2021
RBI-Governor
Weak governance in PSBs resulting in high NPAs: Shaktikanta Das

Ahmedabad/New Delhi: Reserve Bank of India Governor Shaktikanta Das on Saturday called for strong corporate governance culture and accountability in public sector banks (PSBs) to check ballooning non-performing assets (NPAs). “Many of the problems that currently seem to affect the PSBs such as the elevated levels of NPA, capital shortfalls, frauds and inadequate risk management […]

  • Friday, 23 April 2021
Shaktikanta-Das-pti-LL-1
Policy space exists to address growth concerns: RBI Governor

Mumbai: In what could mean further rate cuts by India’s central bank, RBI Governor Shaktikanta Das has said at the bi-monthly monetary policy committee (MPC) meeting here earlier this month that “there is policy space to address growth concerns”, according to the minutes of the MPC meeting released on Friday. In 2019, the Reserve Bank […]

  • Saturday, 24 April 2021
Shaktikanta-Das
Next MPC Meet May Take Call On Lower Repo Rate: RBI Chief

Mumbai: RBI Governor Shaktikanta Das has said till the growth is revived, the RBI will continue to remain in an accommodative mode and therefore a conclusion on what is the minimum repo rate where the central bank will take a pause cannot be concluded at this stage and will again depend on the next deliberations […]

  • Saturday, 24 April 2021
Shaktikanta-Das
RBI Guv: Nothing To Panic About Banking System; To Review Coop Banks Regulations Soon

Mumbai: Allaying fears of any threat to the banking system, Reserve Bank governor Shaktikanta Das on Friday asked the public not to panic as the entire banking system, including cooperative ones, continue to remain sound and stable. Das also said in the wake of the crisis at Punjab & Maharashtra Cooperative (PMC) Bank, the RBI […]

  • Saturday, 24 April 2021
Shaktikanta-Das-pti-LL-1
RBI Is More Than Autonomous, But Govt Is The Sovereign: Das

Mumbai: Asserting that the Reserve Bank is more than autonomous, governor Shaktikanta Das Friday said though the central bank engages with the government in free and frank discussions, there is no interference from it when it comes to taking decisions. Das said the differences of opinion between the government and the monetary authority happens in […]

  • Sunday, 25 April 2021
Reserve-Bank-governor-Shakt
Banks with exposure to poorly-run NBFCs will have to take larger haircuts, warns RBI governor

Mumbai: Banks will have to take more haircuts while resolving the stressed loans extended to non- banking lenders who are found wanting on the corporate governance front, Reserve Bank governor Shaktikanta Das warned Thursday. On the government move to have merge 10 banks to four larger ones, Das said the amalgamations ought to be non- […]

  • Sunday, 25 April 2021
Rahul Gandhi
Rahul writes to RBI Guv, seeks relief for flood-hit Kerala farmers

New Delhi: Congress leader Rahul Gandhi has written to RBI Governor Shaktikanta Das, urging that the moratorium on repayment of crop loans be extended to December 31 for farmers in Kerala in the wake of floods in the state. The death toll in the Kerala floods is 95, as per government figures, and over 1.89 […]

  • Tuesday, 27 April 2021
rbi
Industry urges RBI Governor to cut interest rate to boost growth

Mumbai: Ahead of the Reserve Bank of India’s (RBI) monetary policy review early in February, India Inc on Thursday urged the central bank to cut its interest rate and the cash reserve ratio (CRR) in order to boost growth. In a meeting here with the new RBI Governor Shaktikanta Das, who will preside over his […]

  • Friday, 09 July 2021
Shaktikanta-Das
Op-Ed: Unfair to judge Das even before he has settled down

The appointment of Odisha born retired Tamil Nadu cadre IAS officer Shaktikanta Das as the Reserve Bank of India (RBI) Governor a day after the sudden and unexpected resignation of Urjit Patel, who still had nine month of his three-year term left, appears to have riled a lot of people. Given the unseemly tug of […]

  • Thursday, 10 June 2021
Urjit
RBI Governor Urjit Patel resigns from his post

New Delhi: The Reserve Bank of India (RBI) Governor Urjit Patel resigned from his post on Monday with immediate effect, citing “personal reasons”, setting of a major crisis in India’s politico-economic sphere. Patel’s resignation comes in the backdrop of the ongoing tiff between the government and the central bank over the liquidity and credit crunch […]

  • Friday, 09 July 2021
RBI-Governor-Urjit-Patel
RBI Governor called by parliamentary panel on May 17

New Delhi: A parliamentary panel has called RBI Governor Urjit Patel on May 17 to answer queries on banking frauds and the powers that the central bank needs for better regulation of public sector banks (PSBs). Sources said the decision was taken at a meeting of the Standing Committee on Finance, headed by Congress’ M. […]

  • Wednesday, 07 July 2021
'Raghuram Rajan among probables for Nobel Prize in economics'

New Delhi: Former RBI Governor Raghuram Rajan features in the list of probables for this year’s Nobel Prize in Economics, The Wall Street Journal has reported. He is one of the six economists on the list of probable winners complied by Clarivate Analytics, a company that does academic and scientific research and maintains a list […]

  • Tuesday, 29 June 2021
Deposited demonetised notes still being counted: RBI Governor

New Delhi: RBI Governor Urijit Patel on Wednesday told a parliamentary committee that the amount of junked notes deposited after demonetisation was still being counted. Patel gave this information at a meeting of the Parliamentary Standing Committee on Finance when a member specifically asked him to give details of the value of the Rs 500 […]

  • Monday, 05 July 2021
RBI governor questions farm debt waiver schemes

Putting a question mark on the effectiveness of government's farm debt waiver programmes, RBI Governor Raghuram Rajan on Saturday said such schemes have constrained flow of credit to farmers

  • Sunday, 27 June 2021
Raghu ram Rajan
Economic recovery in India still uneven: Rajan

Stating Indian economic recovery is still uneven, RBI governor Raghuram Rajan has exuded optimism that the country will be "solidly" in the 5 per cent growth bracket during the course of this fiscal and accelerate further in the next financial year

  • Saturday, 26 June 2021
Raghu ram Rajan
I decide monetary policy, govt can fire me if it wanted: Rajan

Asserting independence of the central bank, Reserve Bank Governor Raghuram Rajan on Friday said it is he who determines the monetary policy and the government can fire him if it wanted

  • Friday, 25 June 2021
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