Page 18 - Latest Updates on Shaktikanta Das
RBI Governor Das pitches for expeditious completion of quota review at IMF
According to him, there is also an urgent need to enhance green capital flows especially to emerging countries
 "RBI Governor Das pitches for expeditious completion of quota review at IMF")
Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%
CLOSING BELL ON AUGUST 10, 2023: Private bank and select auto stocks ended with notable losses after the RBI on Thursday asked banks to maintain Incremental Cash Reserve Ratio (ICRR) at 10 per cent.
 "Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%")
May need to go beyond keeping Arjuna's eye to tame inflation: RBI governor
"We have to stand in readiness to go beyond keeping Arjuna's eye to deploying policy instruments, if necessary" to contain inflation, said Reserve Bank Governor Shaktikanta Das on Thursday.
 "May need to go beyond keeping Arjuna's eye to tame inflation: RBI governor")
Incremental CRR to suck out liquidity of over Rs 1 trn: RBI governor Das
During the RBI MPC announcement, Shaktikanta Das had said that I-CRR is intended to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes to the banks
 "Incremental CRR to suck out liquidity of over Rs 1 trn: RBI governor Das")
RBI press conference LIVE: Currency circulation will pick up soon, says Guv
RBI MPC Meeting Live Updates: Governor Shaktikanta Das begins policy statement, catch all the latest updates here
 "RBI press conference LIVE: Currency circulation will pick up soon, says Guv")
You may soon be able to make UPI payments by talking or just tapping phone
RBI governor Shaktikanta Das in the MPC decision announcement on Thursday, proposed to enable 'conversational' payments on UPI using AI
 "You may soon be able to make UPI payments by talking or just tapping phone")
RBI retains FY24 GDP forecast at 6.5%, raises inflation projection to 5.4%
"Headwinds from weak global demand, volatility in global financial markets, geopolitical tensions and geoeconomic fragmentation, however, pose risks to the outlook," Das said
 "RBI retains FY24 GDP forecast at 6.5%, raises inflation projection to 5.4%")
RBI Policy: With unanimous vote, MPC keeps repo rate unchanged at 6.5%
RBI policy meet: Shaktikanta Das also announced a revised retail inflation projection for FY24 at 5.4 per cent from 5.1 per cent earlier
RBI likely to keep rate and policy stance unchanged to control inflation
The RBI is likely to retain its "withdrawal of accommodation" stance introduced in April last year, according to 19 of 20 economists who shared their forecast on the stance
 "RBI likely to keep rate and policy stance unchanged to control inflation")
India rate panel to dial up hawkishness even as it holds policy steady
The MPC at its June policy meeting also reiterated its intent of nudging inflation towards its medium-term target of 4% and not just holding it below 6%
 "India rate panel to dial up hawkishness even as it holds policy steady")
Test results: More than Rs 1 trillion AUM of debt mutual funds under stress
The test is conducted to evaluate the effect of various risk factors such as rate risk, credit risk, liquidity risk, and redemption risk
 "Test results: More than Rs 1 trillion AUM of debt mutual funds under stress")
PSBs stepping up recovery of bad loans to meet FinMin's 40% target: Report
In the five years that ended on March 31, 2022, the PSBs were able to recover only 14 per cent, Rs 1.03 trillion, out of the total written-off loans of Rs 7.34 trillion
 "PSBs stepping up recovery of bad loans to meet FinMin's 40% target: Report")
RBI Governor meets Swiss National Bank's Thomas Jordan during G20 summit
Earlier in the day, the third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting commenced in Gandhinagar. The two-day event will culminate on July 18
 "RBI Governor meets Swiss National Bank's Thomas Jordan during G20 summit")
RBI governor Shaktikanta Das asks bank CEOs to focus on governance
Discusses large exposures, recoveries from written-off accounts
 "RBI governor Shaktikanta Das asks bank CEOs to focus on governance")
RBI governor asks banks to remain extra careful, focus on governance
The governor held meetings with the MD and CEOs of public sector banks and select private sector banks
 "RBI governor asks banks to remain extra careful, focus on governance")
Banks to begin reporting on new data warehouse CIMS: RBI Governor Das
Das noted that the Reserve Bank was a pioneer to set up its data warehouse over two decades ago
GNPAs fall to decadal best of 3.9% in March; set to improve further: RBI
Das said that the balance sheets of corporates and banks have strengthened, which present a "twin balance sheet advantage" for growth going forward
Indian economy makes solid recovery despite global headwind: RBI Governor
Economic fragmentation is threatening macroeconomic prospects, especially among emerging market and developing economies (EMDEs), he said
 "Indian economy makes solid recovery despite global headwind: RBI Governor")
Top headlines: Go First lenders approve $55 mn infusion, Vi turnaround soon
Business Standard brings you the top headlines at this hour
 "Top headlines: Go First lenders approve $55 mn infusion, Vi turnaround soon")
'RBI need not rush to ease rates unless certain of stable-low inflation'
Bhide's comments echo that of Governor Shaktikanta Das that a pivot can be considered when price-gains settle near the mid-point of its 2%-6% range on a durable basis
