Page 19 - Latest Updates on Shaktikanta Das
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
 "Banks to begin reporting on new data warehouse CIMS: RBI Governor Das")
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
More than two-thirds of Rs 2,000 notes returned within one month: Das
In a surprise move, but as part of the clean note policy, the Reserve Bank had on May 19 ordered the recall of the Rs 2,000 banknotes worth around R 3.62 trillion
 "More than two-thirds of Rs 2,000 notes returned within one month: Das")
Will strive to get CPI to 4%, El Nino a challenge for food inflation: Das
Governor Shaktikanta Das has said the Reserve Bank will strive to get headline inflation to its 4 per cent target but flagged El Nino as a challenge to its efforts
 "Will strive to get CPI to 4%, El Nino a challenge for food inflation: Das")
RBI governor Das says job half done as MPC focuses on 4% inflation target
External members, however, point out high real rate, minutes show
 "RBI governor Das says job half done as MPC focuses on 4% inflation target")
Even at 4.25% inflation rate, Das sees disinflation process as protracted
Waning of base effect and uncertainty over monsoon may come in the way of disinflation, going forward
RBI Governor Shaktikanta Das named 'Governor of the Year' in London
The organisers of the award said that Das' tenure which began in 2018, has been marked by a series of grave challenges, starting with the collapse of a major non-banking firm
 "RBI Governor Shaktikanta Das named 'Governor of the Year' in London")
Disinflation process is likely to be slow and protracted, says RBI Governor
Reserve Bank Governor Shaktikanta Das on Tuesday said the disinflation process in India will be slow
 "Disinflation process is likely to be slow and protracted, says RBI Governor")
Going to the bank with Rs 2,000 notes? Things you should keep in mind
The I-T department is keeping a close watch on cash transactions that deposit more than Rs 10 lakh in a saving account or more than Rs 50 lakh in current accounts
RBI needs monsoon to deliver before weighing rate cuts in next MPC meet
The weather announcement on Thursday provided some relief to the rate-setters and millions of farmers across India, but the concerns are not quite over
 "RBI needs monsoon to deliver before weighing rate cuts in next MPC meet")
RBI comes out with framework to permit default loss guarantee to fintechs
Followed by the RBI decision, fintech companies were forced to look at alternate options like co-lending small ticket loans, co-branded partnerships and revenue-sharing models