Tag: Shaktikanta Das

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 […]

Washington: RBI Governor Shaktikanta Das on Friday proposed to his peers on the sidelines of an International Monetory Fund (IMF) event here that the monetary policy can be well served by calibrating the size of the policy rate, instead of the 25 basis points (bps) unit. Das said that “if the unit of 25 basis […]

New Delhi: The Supreme Court on Friday gave the RBI “one last opportunity” to disclose annual inspection reports of banks as it just stopped short of issuing a contempt notice against RBI Governor Shaktikanta Das, and ordered the Reserve Bank of India to diclose the wilful defaulters’ list under the Right To Information Act. The […]

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: 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 […]

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 […]

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 […]

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 […]

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 […]

Bhubaneswar: Reserve Bank of India (RBI) Governor Shaktikanta Das and Odisha Chief Minister Naveen Patnaik discussed several issues on Thursday, including financial inclusion programmes. “A lot of issues, including financial inclusion programmes, banking presence, digital payments, streamlining agriculture loans and direct transfer benefits were discussed,” Das told mediapersons here. Das met the Chief Minister ahead […]

Mumbai: RBI Governor Shaktikanta Das on Monday said the central bank had acted ahead of time by starting to slash rates in February this year, and hoped the decision to pause the cuts earlier this month will prove to be a right call over time. He also hoped for the US-China truce on trade tariffs, […]

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 […]

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 […]

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 […]

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 […]