Page 26 - Latest Updates on Shaktikanta Das
Our aim is to keep 'Arjuna's eye' on inflation, says RBI Governor Das
Das also defended RBI's strategies in the recent past amid criticism over price rise
 "Our aim is to keep 'Arjuna's eye' on inflation, says RBI Governor Das")
Retail e-rupee trials will start this month itself, says RBI governor Das
The broader wish of the RBI is to execute a full-fledged launch of the CBDC "in the near future", Das said, choosing not to share a timeline for the same
 "Retail e-rupee trials will start this month itself, says RBI governor Das")
Missed inflation target, but acting early would have exerted costs: RBI Guv
"We prevented a 'complete collapse of the economy' by keeping rates lower and stayed away from premature tightening," Das said.
 "Missed inflation target, but acting early would have exerted costs: RBI Guv")
Top Headlines: CBIC seeks details on digital assets, govt to form GACs
Business Standard brings you the top headlines at this hour
 "Top Headlines: CBIC seeks details on digital assets, govt to form GACs")
Foreign exchange reserves fall to $525 billion, lowest since July 2020
So far in 2022, the Indian currency has weakened 9.9 per cent against the US dollar
 "Foreign exchange reserves fall to $525 billion, lowest since July 2020")
RBI governor Shaktikanta Das cautions on backdoor entry in financial space
Although some number of complaints is expected from such a large financial system, the concerning fact is much of the complaints pertain to traditional banking
India to be among fastest growing economies despite global challenges: RBI
India is expected to be among the fastest growing major economies this fiscal, geopolitical turbulence notwithstanding, RBI Governor Shaktikanta Das opined at last month's meeting
As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier
The central bank will now have to provide a report to the government explaining the reasons for the failure and the steps to be taken
 "As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier")
RBI Guv Das launches advanced supervisory monitoring system DAKSH
Reserve Bank Governor Shaktikanta Das on Thursday launched a new 'SupTech' initiative DAKSH - the bank's Advanced Supervisory Monitoring System, which is expected to make supervisory processes robust
Loan for 20 years, EMIs for 24: RBI rate hikes leave borrowers in a fix
If a person took a 20-year home loan of Rs 50 lakh in April 2019, their number of EMIs will now be 60 more than the original because of the recent repo rate hikes
 "Loan for 20 years, EMIs for 24: RBI rate hikes leave borrowers in a fix")
67% of fall in forex reserves due to valuation changes: RBI governor Das
Das reiterated on Friday the RBI does not target any particular level for the domestic exchange rate and only intervenes in the market to smoothen out excessive volatility
India's core sector output growth slips to nine-month low in August
The Reserve Bank of India (RBI) on Friday pared its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier
 "India's core sector output growth slips to nine-month low in August")
Rupee fluctuations not a factor for MPC's consideration, says RBI
'Net LAF continues to be in surplus for the past two years, except for 2-3 days when because of SLF for the primary dealers it became deficit'
 "Rupee fluctuations not a factor for MPC's consideration, says RBI")
Banks can boost liquidity by drawing down on CRR: RBI governor Das
The fall in the liquidity surplus is owing to multiple factors, including the RBI's interventions in the forex market and a sharp pick-up in bank credit growth, which is currently at nine-year highs
 "Banks can boost liquidity by drawing down on CRR: RBI governor Das")
Currency movements not guiding factors for monetary policy: Shaktikanta Das
Reserve Bank of India Governor Shaktikanta Das on Friday said that currency movements are not the guiding factors for monetary policy decisions
RBI may adopt expected loss approach for banks' loan provisioning: Guv Das
Governor Shaktikanta Das on Friday said the Reserve Bank is mulling to adopt the "expected loss" approach for loan provisioning.
 "RBI may adopt expected loss approach for banks' loan provisioning: Guv Das")
Regulations for offline payment aggregators to be same as online peers: RBI
Offline payment aggregators (PAs) who aid in face-to-face transactions at merchant outlets will now come under the regulatory purview of RBI, Governor Shaktikanta Das announced on Friday.
RBI policy projections: Sept inflation to hit five-month high of 7.6%
Central bank will have to write to government explaining the reasons of its failure to contain inflation up to 6%
 "RBI policy projections: Sept inflation to hit five-month high of 7.6%")
RBI to publish paper on expected loss-based approach for loan provisioning
Banks now make loan loss provisions on incurred loss model, wherein provisions are made after defaults
RBI Monetary Policy: Repo rate up by 50bps; here's how it will impact you
On Friday, RBI increased the repo rate by 50 basis points taking the key repo rate to 5.9%; here is why it should matter to you
 "RBI Monetary Policy: Repo rate up by 50bps; here's how it will impact you")
