Page 15 - Latest Updates on Shaktikanta Das
RBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%
RBI MPC: Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%
 "RBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%")
RBI monetary policy announcement: When, where to watch and what to expect?
RBI MPC meeting: The meeting of the six-member committee started on December 6 in Mumbai and will end with the announcement of Governor Shaktikanta Das on December 8
 "RBI monetary policy announcement: When, where to watch and what to expect?")
On a hat-trick: Will RBI Governor Shaktikanta Das throw another surprise
RBI has maintained a hawkish tone in the last two policy reviews, and those steps were to further reinforce the point that the central bank is not dropping its guard on inflation any time soon
 "On a hat-trick: Will RBI Governor Shaktikanta Das throw another surprise")
India's GDP grew 7.6% in Jul-Sep quarter, higher than RBI MPC projection
At the Business Standard BFSI Summit last month, RBI Governor Shaktikanta Das said that the Q2 GDP figure is likely to surprise everyone on the upside
 "India's GDP grew 7.6% in Jul-Sep quarter, higher than RBI MPC projection")
Rein in enthusiasm to lend: FM Sitharaman to NBFCs, small finance banks
RBI Governor Shaktikanta Das on Wednesday said the central bank's tougher stance on unsecured loans is a "preemptive" move aimed at ensuring financial stability
 "Rein in enthusiasm to lend: FM Sitharaman to NBFCs, small finance banks")
NBFCs should remain cautious on lending as suggested by RBI, says FM
Speaking at 'DATE with Tech' event here, Sitharaman cautioned that NBFCs and small finance banks should respect the red line and should not go too far in their enthusiasm
 "NBFCs should remain cautious on lending as suggested by RBI, says FM")
Songs, cricket metaphors: RBI governor's way of conveying complex issues
Das has often cited the example of Arjuna's eye to communicate that the central bank is completely focused on bringing down inflation
 "Songs, cricket metaphors: RBI governor's way of conveying complex issues")
RBI Guv asks NBFC-MFIs to be wise in using flexibility on interest rates
Speaking at the annual Fibac event, Das said the microlending segment serves marginalised clientele and has emerged as an important financial conduit to foster financial inclusion
 "RBI Guv asks NBFC-MFIs to be wise in using flexibility on interest rates")
Rupee volatility low, exhibits orderly movements relative to peers: RBI Guv
He said this is courtesy the strength of the underlying macro-fundamentals of our economy and the reassuring forex buffers
 "Rupee volatility low, exhibits orderly movements relative to peers: RBI Guv")
Banks, NBFCs need to be watchful of stress building up: Shaktikanta Das
'Banks and NBFCs must continue to do stress tests of their books,' RBI Governor Shaktikanata Das said on Wednesday
Unsecured risk
Retail loan growth needed to be checked
 "Unsecured risk")
RBI remains watchful, monetary policy actively disinflationary: Das
Das said the Monetary Policy Committee (MPC) in its October meeting projected CPI inflation at 5.4 per cent for 2023-24, a moderation from 6.7 per cent in 2022-23
 "RBI remains watchful, monetary policy actively disinflationary: Das")
India vulnerable to recurring, overlapping food price shocks: RBI Guv Das
India's retail inflation eased to a three-month low of 5.02 per cent in September on the back of softer vegetable prices, but remained above the RBI's 4 per cent target
 "India vulnerable to recurring, overlapping food price shocks: RBI Guv Das")
HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on
Bank has hired over 56K since March 2022; focus on reining in attrition, women re-hiring
 "HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on")
Rupee, government bond gain post favorable US non-farm payroll data
The central bank had not given any timeline for OMO sales and said it will depend on the ongoing liquidity situation
 "Rupee, government bond gain post favorable US non-farm payroll data")
Let bankers play like Rahul Dravid
RBI Governor Shaktikanta Das's message to the financial sector
 "Let bankers play like Rahul Dravid")
Best of BS Opinion: Vote of confidence, engagement discontent & more
Here is the best of Business Standard's opinion pieces for today
RBI may hold fire even if Fed hikes rates twice: CEA V Anantha Nageswaran
RBI Governor Shaktikanta Das recently said at the Business Standard's BFSI Insight Summit domestic factors determined India's monetary policy
 "RBI may hold fire even if Fed hikes rates twice: CEA V Anantha Nageswaran")
Vote of confidence
RBI has done well, but new external challenges can emerge
 "Vote of confidence")
Attrition high in private banks, they need to build core team: RBI's Das
Indian banking system and NBFC sectors at the moment are healthy and robust, said Das
 "Attrition high in private banks, they need to build core team: RBI's Das")