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 his opening remarks, the Governor touched upon the current economic situation and emphasised the importance of the banking sector in supporting the ongoing revival in economic activities. The virtual meeting, also attended by the Deputy Governors of the central bank, also discussed progress in the implementation of Resolution Framework for Covid-related stressed assets and progress in making the identified districts in states and UTs 100 per cent digitally enabled among other issues.

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RBI governor Shaktikanta Das, who kept a hawk’s eye on inflation, ends innings
Top News
2 weeks ago

RBI governor Shaktikanta Das, who kept a hawk’s eye on inflation, ends innings

Hindustan Times  

NEW DELHI: Achieving the right balance between inflation and growth, a key tradeoff for all economies, is “the most important task for the Reserve Bank of India ”, Shaktikanta Das, the outgoing governor of India’s central bank, said on Tuesday. The government on Dec 9 appointed revenue secretary Sanjay Malhotra as the new central bank governor, surprising markets, which expected …

RBI Governor Shaktikanta Das bids adieu on X, talks of ‘unprecedented global shocks’
2 weeks ago

RBI Governor Shaktikanta Das bids adieu on X, talks of ‘unprecedented global shocks’

Live Mint  

Reserve Bank of India Governor Shaktikanta Das is stepping down today, December 10. ‘Benefitted from PM Modi's Thoughts and Ideas’ Thanking the prime minister, Das added, “Immensely grateful to the Hon’ble PM Narendra Modi for giving me this opportunity to serve the country as Governor RBI and for his guidance and encouragement. Benefited a lot from his ideas and thoughts.” …

Shaktikanta Das: Six major policy decisions in six years as RBI Governor
2 weeks ago

Shaktikanta Das: Six major policy decisions in six years as RBI Governor

India TV News  

Outgoing Reserve Bank of India Governor Shakti Kant Das has guided the country’s monetary policy through turbulent times during his six-year tenure. The central bank also announced a monetary policy including a Targeted Long-Term Repo Operations of Rs 1 lakh crore aimed at supporting critical sectors like MSMEs and NBFCs. Indian digital currency revolution Under Das’s leadership, India made significant …

RBI monetary policy meeting: Will governor Shaktikanta Das announce a rate cut? What to expect?
2 weeks, 4 days ago

RBI monetary policy meeting: Will governor Shaktikanta Das announce a rate cut? What to expect?

Hindustan Times  

The Reserve Bank of India is set to announce its interest rate decision on Friday, December 6, following a three-day monetary policy meeting. "Coming up: Monetary Policy Statement by #RBI Governor @DasShaktikanta on December 06, 2024, at 10:00 am," the Reserve Bank announced on social media platform 'X'. Reserve Bank governor Shaktikanta Das, headed a six-member Monetary Policy Committee, started …

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?
2 weeks, 4 days ago

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?

India Today  

The Reserve Bank of India’s Monetary Policy Committee is set to make key announcements on Friday after its three-day meeting today. Others suggest a "dovish hold," where the RBI signals a willingness to cut rates in the future while maintaining the current rate. "A rate cut is more likely at the February meeting, but the recent GDP miss might push …

'RBI Governor Shaktikanta Das discharged from hospital, health condition fine', says Central bank
4 weeks ago

'RBI Governor Shaktikanta Das discharged from hospital, health condition fine', says Central bank

India TV News  

Shaktikanta Das, the Governor of the Reserve Bank of India, got discharged form the hospital on Tuesday evening, the central bank spokesperson said. After his hospitralisation, the Central bank issued a health bulleting on its chief stating that there was no cause for concern and he would be discharged in a few hours. The RBI in a statement had said, …

RBI Governor Shaktikanta Das ranked among top 3 central bankers: Who are other two?
4 months ago

RBI Governor Shaktikanta Das ranked among top 3 central bankers: Who are other two?

India TV News  

RBI Governor Shaktikanta Das has been rated as one of the top central bankers in the world for the second consecutive year, receiving an "A+" rating from the Global Finance magazine. Shaktikanta Das achieves top global ranking again For the second consecutive year, Shaktikanta Das, the Governor of the Reserve Bank of India, has been ranked as one of the …

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 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 …

Financial information registry will help expedite credit flows: RBI Governor
1 year, 10 months ago

Financial information registry will help expedite credit flows: RBI Governor

The Hindu  

The national financial information registry announced in the 2023-24 Union Budget is aimed at expediting loan sanctions and credit flows by offering lenders a “360 degree” perspective on potential borrowers, Reserve Bank of India Governor Shaktikanta Das said on Saturday. The idea is to create one registry where, to the extent possible considering issues of privacy and other things, the …

MSME margins badly hit by commodity price surge: PHDCCI
3 years, 1 month ago

MSME margins badly hit by commodity price surge: PHDCCI

The Hindu  

Industry chamber PHD Chamber of Commerce and Industry on Wednesday said skyrocketing commodity prices are severely impacting the price cost margins of businesses, especially MSMEs, observing that the RBI has a crucial role to play in balancing inflation and maintaining currency stability. The assertion is a part of the chamber's five suggestions outlining the focus areas for RBI Governor Shaktikanta …

RBI Governor Shaktikanta Das pitches for higher investment in infrastructure, health post pandemic
3 years, 3 months ago

RBI Governor Shaktikanta Das pitches for higher investment in infrastructure, health post pandemic

India TV News  

Reserve Bank Governor Shaktikanta Das on Wednesday pitched for higher investment in infrastructure and reforms in labour and product markets to achieve sustainable growth post-pandemic. Addressing AIMA National Management Convention, Das underlined the need for increased investment in healthcare education, digital and physical infrastructure to ensure sustainable growth and generate employment opportunities. Noting that the pandemic has affected the poor …

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 …

Will take necessary measures to promote growth: RBI Governor
4 years, 3 months ago

Will take necessary measures to promote growth: RBI Governor

India TV News  

RBI Governor Shaktikanta Das on Wednesday assured the industry that the central bank will take all necessary measures to ensure liquidity in the system and promote economic growth. Addressing a virtual conference organised by industry body Ficci, Das said that Gross Domestic Product data released by the government was a "reflection of the ravages of the COVID-19". Observing that the …

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 Monetary Policy: Shaktikanta Das leaves repo rate unchanged
4 years, 4 months ago

RBI Monetary Policy: Shaktikanta Das leaves repo rate unchanged

Live Mint  

After a three-day meeting of the Monetary Policy Committee, RBI Governor Shaktikanta Das today announced that the key repo rate will be kept unchanged at 4%. Operational guidelines in this regard will be issued separately: RBI -RBI will set up an innovation hub: Das -Priority sector lending is also being given to startups: RBI -Stressed MSME borrowers will be eligible …

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. …

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