Indian Banks Remain Resilient, Not Adversely Impacted by Recent Global Events: RBI Governor Shaktikanta Das
1 year, 7 months ago

Indian Banks Remain Resilient, Not Adversely Impacted by Recent Global Events: RBI Governor Shaktikanta Das

News 18  

RBI Governor Shaktikanta Das on Thursday said there is a renewed focus on the resilience and stability of the financial sector, and a resilient future-ready bank needs to be financially, operationally and organisationally resilient. He also said the Indian banking system remains resilient, and stress tests show Indian banks will be able to maintain capital adequacy above minimum requirement even in the situation of severe distress. They should have the inner strength to withstand even the most stressful times,” the RBI governor said on Thursday while addressing the ‘Global Conference on Financial Resilience’, which was organised by RBI-promoted College of Supervisors in Mumbai. Das also said, “The Indian banking system has remained resilient and has not been affected adversely by the recent sparks of financial instability seen in some advanced economies.” He also said stress tests show Indian banks will be able to maintain their capital buffers above the minimum requirements even in the case of the most distressing of events.

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History of this topic

Climate change poses severe risks to financial stability: RBI Deputy Governor
2 weeks, 6 days ago

Climate change poses severe risks to financial stability: RBI Deputy Governor

New Indian Express  

MUMBAI: Warning of the increasing intensity and severity of climate risks, Reserve Bank of India Deputy Governor M Rajeshwar Rao has called for a regulatory response to mitigate these challenges, emphasising their impact on price and financial stability. Speaking at an international conference on "Mitigating Climate Change Risks and Fostering a Robust Ecosystem for Sustainable Finance", organised by the Institute …

India Has Navigated Global Turbulence With Resilience Says RBI Governor
1 month, 1 week ago

India Has Navigated Global Turbulence With Resilience Says RBI Governor

Deccan Chronicle  

Mumbai: Amid global headwinds and contradictions, the Indian economy is sailing through smoothly, powered by buffers like strong macroeconomic fundamentals, stable financial system and resilient external sector, said the Reserve Bank of India governor Shaktikanta Das on Thursday. Speaking on the theme Sailing Through Turbulence: India’s Tryst with Financial Stability at a media event, Das said, “India’s economic growth remains …

Economic Survey 2023-24: Displaying stellar show banking, financial sectors must brace for likely vulnerabilities
5 months ago

Economic Survey 2023-24: Displaying stellar show banking, financial sectors must brace for likely vulnerabilities

The Hindu  

With India’s banking and financial sectors displaying a stellar performance in FY24 and as India’s financial sector undergoes critical transformation, it must brace for likely vulnerabilities originating globally or locally, the Economic Survey 2023-24 has cautioned. Economic Survey 2023-24 LIVE updates In FY24 bank credit witnessed double digit and broad-based growth and asset quality improved dramatically with gross and net …

Indian economy, financial system remain robust despite global economy facing heightened risks: FSR
5 months, 3 weeks ago

Indian economy, financial system remain robust despite global economy facing heightened risks: FSR

The Hindu  

The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability, the Reserve Bank of India said in the 29th issue of the Financial Stability Report which was released on June 27. SCBs’ gross non-performing assets ratio fell to a multi-year low of 2.8 per cent and the net non-performing assets ratio to 0.6 …

RBI to act early to prevent any risk to India's fastest growth potential: Guv Shaktikanta Das
11 months, 3 weeks ago

RBI to act early to prevent any risk to India's fastest growth potential: Guv Shaktikanta Das

The Hindu  

Reserve Bank Governor Shaktikanta Das on Thursday said India is one of the fastest growing major economies in the world with a rising potential growth profile, and stressed that the central bank remains committed to act early and decisively to prevent any build-up of risks. In his foreword to the RBI's 28th issue of the Financial Stability Report, Mr. Das …

Indian economy, domestic financial system remain resilient on strong macroeconomic fundamentals: RBI
11 months, 3 weeks ago

Indian economy, domestic financial system remain resilient on strong macroeconomic fundamentals: RBI

India TV News  

The Reserve Bank of India Governor Shaktikanta Das on Thursday said that India is one of the fastest-growing major economies in the world with a rising potential growth profile. He further said that the Indian economy, domestic financial system remain resilient on strong macroeconomic fundamentals. He further said that Banks' gross non-performing assets ratio has declined to multi-year low of …

Indian economy makes solid recovery despite global headwind: RBI Governor Das
1 year, 5 months ago

Indian economy makes solid recovery despite global headwind: RBI Governor Das

The Hindu  

Reserve Bank Governor Shaktikanta Das on June 28 said that the Indian economy has made a solid recovery and is among the fastest-growing large economies despite heightened uncertainties and formidable headwinds. The global financial system has been impacted by significant strains since early March 2023 from the banking turmoil in the U.S. and Europe. Since the last issue of the …

Indian economy, domestic financial system remain resilient despite global headwinds: RBI Governor Das
1 year, 5 months ago

Indian economy, domestic financial system remain resilient despite global headwinds: RBI Governor Das

India TV News  

Reserve Bank Governor Shaktikanta Das on Wednesday said that the Indian economy has made a strong recuperation and is among the quickest developing enormous economies in spite of elevated vulnerabilities and considerable headwinds. The global and Indian financial systems have traveled somewhat divergent paths since the FSR's last issue in December 2022. Since the beginning of March 2023, the turmoil …

’Market mood positive but keep valuations in mind; IT can be a good bet’
1 year, 7 months ago

’Market mood positive but keep valuations in mind; IT can be a good bet’

Live Mint  

In an interview with Mint, Arpit Jain, Joint MD at Arihant Capital said capital goods, railways, defence, hotels, FMCG and banking are some of the sectors that look attractive for the medium term. The prevailing market mood in India is positive, with many companies posting strong results in the last quarter of FY23 and the beginning of the new financial …

First Adani and then SVB have left India stirred but not shaken
1 year, 9 months ago

First Adani and then SVB have left India stirred but not shaken

Live Mint  

India has faced many tough situations. However, the country’s long-term resilience, macro policy reform opportunities and improving standards of regulatory governance have ensured that India has always recovered from a crisis. As the former Reserve Bank of India governor Raghuram Rajan remarked in his maiden speech as the central bank’s chief, the words ‘India’ and ‘crisis’ should never be used …

Silicon Valley Bank jitters likely to be felt in the Indian banking system?
1 year, 9 months ago

Silicon Valley Bank jitters likely to be felt in the Indian banking system?

Live Mint  

Friday's implosion of Silicon Valley Bank has sparked widespread fears of a spillover into the broader banking sector. The Reserve Bank of India has has learnt its lessons from the recent bank failures and has put measures in place that have made sure financial stability is not at risk for the Indian banking system. We are in a credit upcycle," …

Indian banking system won\'t be impacted by case like this: RBI governor on Adani row
1 year, 10 months ago

Indian banking system won\'t be impacted by case like this: RBI governor on Adani row

Deccan Chronicle  

Mumbai: Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger "to be affected by a case like this" in reference to the developments at Adani Group. Concerns have been raised in various quarters about Adani Group companies, including about the exposure of lenders to the …

RBI lifts loan costs to tame inflation
1 year, 10 months ago

RBI lifts loan costs to tame inflation

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on Wednesday raised the benchmark lending rate by 25 basis points to 6.5% as the RBI targets persistently high core or underlying inflation that it sees as a risk to the improving outlook for the economy. Observing that the rate increases since May were still working their way through the …

RBI must keep playing it safe
2 years ago

RBI must keep playing it safe

Hindustan Times  

The last three years have shown why fiscal and monetary policy have to remain conservative and nimble, and why policymakers themselves have to be resolute. Last week, the monetary policy committee of the Reserve Bank of India raised the interest rate by 0.35 percentage points to 6.25% and, according to its policy statement, “decided to remain focused on withdrawal of …

Economy resilient, on course to acheive 7% growth in FY23: RBI article
2 years, 1 month ago

Economy resilient, on course to acheive 7% growth in FY23: RBI article

The Hindu  

With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient and on course for about 7% GDP growth in the current fiscal though India is still sensitive to global headwinds, according to an article released by the RBI on Friday. In the article, the authors - led by RBI Deputy Governor Michael Debabrata …

Indian Economy Resilient But Sensitive To Global Headwinds, On Way To Post 7% Growth In FY23: RBI
2 years, 1 month ago

Indian Economy Resilient But Sensitive To Global Headwinds, On Way To Post 7% Growth In FY23: RBI

News 18  

India’s Q2 GDP Growth Forecast: The Reserve Bank of India on Friday said the Indian economy is resilient but also “sensitive to formidable global headwinds”. The central bank pegs the country’s GDP for the July-September 2022 quarter between 6.1 per cent and 6.3 per cent based on economic prediction models and high-frequency indicators, like IIP, PMI, core sector data and …

India likely to remain fastest growing major economy: RBI Guv Das
2 years, 1 month ago

India likely to remain fastest growing major economy: RBI Guv Das

Deccan Chronicle  

NEW DELHI: Reserve Bank Governor Shaktikanta Das on Saturday exuded confidence that India will continue to be the fastest growing major economy with a likely growth rate of 7 per cent in 2022-23 on the back of strong macroeconomic fundamentals and financial sector stability. The Governor said the financial market turmoil is mainly emanating from the synchronised monetary policy tightening …

RBI MPC: Here's All What RBI Governor Shaktikanta Das Said On India's Economic Situation
2 years, 4 months ago

RBI MPC: Here's All What RBI Governor Shaktikanta Das Said On India's Economic Situation

News 18  

RBI Governor Shaktikanta Das on Friday said the central bank has retained its FY23 GDP forecast at 7.2 per cent and added that the Indian financial system remains resilient. Rural demand indicators, however, exhibited mixed signals – while two-wheeler sales increased, tractor sales contracted in June over a high base though.” He said investment activity is also picking up – …

reserve bank of india 25th financial stability report
2 years, 5 months ago

reserve bank of india 25th financial stability report

The Hindu  

The Reserve Bank of India on Thursday said the Indian economy is well on the path of recovery even though inflationary pressures and geopolitical risks warrant careful handling and close monitoring of the situation. The RBI's 25th Financial Stability Report also said banks as well as non-banking financial institutions have sufficient capital buffers to withstand shocks. "Notwithstanding the challenges from …

RBI shows resilience in the face of shocks
2 years, 6 months ago

RBI shows resilience in the face of shocks

Hindustan Times  

A remarkable feature of India’s governance model in the last few years has been its ability to provide relative resilience in the face of unanticipated shocks. But, as RBI has also made clear, while it is fighting to check inflation, most of the shocks to prices have emanated from factors beyond India’s control. And with RBI’s peers also fighting inflation …

Economic Activity Recovering Since Late-May, Rising Cyber Attacks a Risk: RBI Guv
3 years, 5 months ago

Economic Activity Recovering Since Late-May, Rising Cyber Attacks a Risk: RBI Guv

News 18  

The second wave of the pandemic took a “grievous toll” on India, but the dented economic activity has started recovering from late-May, Reserve Bank Governor Shaktikanta Das said on Thursday. In a first, Das flagged the rising data breaches and cyber attacks as a risk facing the economy, along with others like firming global commodity prices. “The recovery that had …

The Hindu Explains | What has the RBI cautioned against in its latest Financial Stability Report?
3 years, 11 months ago

The Hindu Explains | What has the RBI cautioned against in its latest Financial Stability Report?

The Hindu  

The story so far: On Monday, the Reserve Bank of India released the 22nd issue of its biannual Financial Stability Report outlining the risks to financial stability as well as the resilience of the financial system in the contemporary context. In his foreword, RBI Governor Shaktikanta Das flagged the many risks ahead, including the recent, accentuating “disconnect between certain segments …

Stretched valuations threaten stability: Shaktikanta Das
3 years, 11 months ago

Stretched valuations threaten stability: Shaktikanta Das

The Hindu  

Reserve Bank of India Governor Shaktikanta Das has flagged the growing disconnect between exuberant equity markets and real economic activity and warned that the ‘stretched valuations of financial assets’ threaten overall financial stability. “The disconnect between certain segments of financial markets and the real economy has been accentuating in recent times, both globally and in India,” Mr. Das wrote in …

The Hindu Explains | Why is the RBI worried when volume of bad loans declined in the September quarter?
3 years, 11 months ago

The Hindu Explains | Why is the RBI worried when volume of bad loans declined in the September quarter?

The Hindu  

The story so far: After losses in two consecutive years, India’s scheduled commercial banks turned profitable in 2019-20. The Reserve Bank of India reckons that the first half of 2020-21 saw even greater improvements in banks’ vital statistics, with non-performing assets falling to 7.5% of outstanding loans by September 2020. What former Chief Economic Adviser Arvind Subramanian had called India’s …

Policy roll-back may dent banks’ health, says RBI
3 years, 11 months ago

Policy roll-back may dent banks’ health, says RBI

The Hindu  

In 2020-21, as policy support is rolled back, the impact of the COVID-19 pandemic may dent the health of the banks and non-banks, the Reserve Bank of India said in its Report on Trend and Progress of Banking in India 2019-20. This is a statutory publication in compliance with Section 36 of the Banking Regulation Act, 1949 and this Report …

RBI Governor Shaktikanta Das Discusses Credit Flow, Rate Cut Transmission With Bank MDs
4 years ago

RBI Governor Shaktikanta Das Discusses Credit Flow, Rate Cut Transmission With Bank MDs

News 18  

Reserve Bank Governor Shaktikanta Das continued discussions with MDs and CEOs of both public and private sector banks on Wednesday. The discussions, which began Tuesday, included the assessment of the current economic situation and outlook, monetary policy transmission, credit flows to different sectors of the economy including stressed sectors and MSMEs, among other matters. An RBI statement said that in …

Economic Recovery Stronger Than Expected, Rising Covid Cases Downside Risk to Growth: Shaktikanta Das
4 years ago

Economic Recovery Stronger Than Expected, Rising Covid Cases Downside Risk to Growth: Shaktikanta Das

News 18  

After the 23.9 per cent GDP contraction in the April-June quarter following the COVID-19 pandemic, economic recovery momentum has been stronger than expected, Reserve Bank Governor Shaktikanta Das said on Thursday. After witnessing a sharp contraction in the economy by 23.9 per cent in Q1 and a multi-speed normalisation of activity in Q2, the Indian economy has exhibited stronger than …

Banking System Stable But Risk Averseness Will Be 'Self-defeating': RBI Governor Shaktikanta Das
4 years, 3 months ago

Banking System Stable But Risk Averseness Will Be 'Self-defeating': RBI Governor Shaktikanta Das

News 18  

Reserve Bank of India Governor Shaktikanta Das said on Thursday that the country’s banking system “continues to be sound and stable” during the covonavirus pandemic. Das further added, “While the moratorium on loans was a temporary solution in the context of lockdown, resolution framework is expected to give a durable relief to borrowers facing COVID19 related stress” “Measures taken by …

RBI keeps key policy rates unchanged
4 years, 4 months ago

RBI keeps key policy rates unchanged

The Hindu  

The Reserve Bank of India kept its powder dry in the third review of the monetary policy since the COVID-19 pandemic spread in the country, leaving key policy rates unchanged in the face of rising inflation pressures but asserted that propping up economic recovery has assumed “primacy” in the “worst peace-time health and economic crisis of the last 100 years”. …

RBI Governor Shaktikanta Das asks banks to raise capital in advance, build buffers to ensure credit flow
4 years, 5 months ago

RBI Governor Shaktikanta Das asks banks to raise capital in advance, build buffers to ensure credit flow

The Hindu  

As the COVID-19 outbreak has caused unprecedented uncertainties and exposed the country’s financial system to vulnerability, the Reserve Bank of India has asked lending institutions to conduct periodic “Covid stress tests” on their balance sheets to always remain alert and take timely action to raise capital and mitigate the risk as the economic outlook remains uncertain in the medium term. …

PMC Bank crisis: Engaged with all stakeholders for resolution, says RBI Guv Shaktikanta Das
4 years, 5 months ago

PMC Bank crisis: Engaged with all stakeholders for resolution, says RBI Guv Shaktikanta Das

Live Mint  

The Reserve Bank of India is working with all stakeholders for resolution for Punjab and Maharashtra Cooperative Bank, the central bank governor said on Saturday. "RBI is engaged with all stakeholders for resolution for Punjab and Maharashtra Cooperative Bank," RBI Governor Shaktikanta Das said. "The Indian economy's medium-term outlook remains uncertain even though the country has started re-opening after over …

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