Shaktikanta Das said the launch of the Central Bank Digital Currency (CBDC) is a landmark moment in the history of currency in the country and will lead to a major transformation of the way business is done.
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.
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.
RBI Governor Visits Lord Jagannath Temple In Puri.
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 […]
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 […]
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. […]
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 […]
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 […]
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
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
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
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 […]
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 […]
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- […]