Page 11 - Latest Updates on Shaktikanta Das
Indian economy likely to grow close to 8% in FY24, says RBI Governor
RBI governor says 85% Paytm wallet users won't face disruption
 "Indian economy likely to grow close to 8% in FY24, says RBI Governor")
85% of Paytm wallet users unaffected, rest to link apps to banks: RBI Guv
The Reserve Bank of India on January 31 barred Paytm Payments Bank Ltd (PPBL) from accepting deposits, credit transactions, or top-ups in any customer accounts
 "85% of Paytm wallet users unaffected, rest to link apps to banks: RBI Guv")
Annual GDP growth for current FY could be very close to 8%: RBI chief Das
Das said rural demand had been improving and was much stronger than a year ago, while urban demand continued to be very strong
 "Annual GDP growth for current FY could be very close to 8%: RBI chief Das")
Interoperability of internet banking system in 2024: RBI's Shaktikanta Das
Shaktikanta Das said there's considerable scope for expanding digital payments
 "Interoperability of internet banking system in 2024: RBI's Shaktikanta Das")
Liquidity deficit narrows to less than Rs 1 trn as govt spending picks up
Liquidity may not improve immediately as tax outflows of around Rs 1.25 trn are scheduled in March, says one expert
 "Liquidity deficit narrows to less than Rs 1 trn as govt spending picks up")
Financial markets must play long term, like Rahul Dravid: Shaktikanta Das
Das spoke on a host of issues: talent retention and salaries of bank chief executives, potential risks to growth, cryptocurrencies, corporate governance and internationalisation of the rupee
 "Financial markets must play long term, like Rahul Dravid: Shaktikanta Das")
The Das approach: The RBI governor does what he does, and listens too
As RBI Governor Shaktikanta Das is accessible and pragmatic, he is also a reformer who stands his ground
 "The Das approach: The RBI governor does what he does, and listens too")
International mutual fund schemes see fresh round of restrictions
Nippon India, Mirae Asset stop taking fresh investments in their international schemes
 "International mutual fund schemes see fresh round of restrictions")
Premature move on monetary policy could hurt inflation efforts: RBI Guv
He stressed that the MPC must remain committed to successfully navigate the "last mile" of disinflation that can be sticky
 "Premature move on monetary policy could hurt inflation efforts: RBI Guv")
Govt appoints non-executive chairmen in Bank of India, IOB, Uco Bank
Ex-LIC head MR Kumar appointed as non-exec chairman of Bank of India
 "Govt appoints non-executive chairmen in Bank of India, IOB, Uco Bank")
FSDC meet discusses ways for simplification, digitisation of KYC process
Take more steps to curb illegal lending apps: FM
 "FSDC meet discusses ways for simplification, digitisation of KYC process")
Indian banks' rush for clients set for reckoning after Paytm fiasco
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank
 "Indian banks' rush for clients set for reckoning after Paytm fiasco")
Green capital flows into emerging mkts must be bolstered: RBI governor
Vigilant in navigating final stretch of disinflation: Das
 "Green capital flows into emerging mkts must be bolstered: RBI governor")
RBI Governor asks bank CEOs to maintain vigil around risks build-up
Das also highlighted the issue of high growth in personal loans, which has been an outlier among other categories. He also talked about banks' exposure to non-banking finance companies
 "RBI Governor asks bank CEOs to maintain vigil around risks build-up")
No review of action on Paytm Payments Bank: RBI governor Shaktikanta Das
RBI governor says decision follows full evaluation of the firm's ops
 "No review of action on Paytm Payments Bank: RBI governor Shaktikanta Das")
RBI Guv rules out possibility of review in action taken against Paytm PB
The governor said any decision against entities regulated by the RBI is taken after a comprehensive assessment
FM Nirmala Sitharaman addresses Reserve Bank of India board of directors
The Board also reviewed the global and domestic economic situation and outlook, including the challenges posed by geopolitical developments and global financial market volatility
 "FM Nirmala Sitharaman addresses Reserve Bank of India board of directors")
RBI to meet NHAI, NPCI to discuss rescue plan for Paytm PB users: Report
NPCI oversees the United Payments Interface payments, and NHAI operates the FASTag service
 "RBI to meet NHAI, NPCI to discuss rescue plan for Paytm PB users: Report")
Monetary policy: RBI dashes early rate-cut hopes, maintains status quo
RBI says lending rates not hiked enough
 "Monetary policy: RBI dashes early rate-cut hopes, maintains status quo")
Monetary policy: New rules for verification of digital payments on cards
Central bank also suggested streamlining of AePS to address frauds
 "Monetary policy: New rules for verification of digital payments on cards")
