Page 27 - Latest Updates on Shaktikanta Das
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
 "RBI Guv Das launches advanced supervisory monitoring system DAKSH")
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
 "67% of fall in forex reserves due to valuation changes: RBI governor Das")
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 to publish paper on expected loss-based approach for loan provisioning")
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")
RBI monetary policy: Repo rate hiked by 50 bps, here is what it tells us
RBI Policy: Shaktikanta Das announced the RBI MPC's decision to hike the repo rate by 50 basis points to 5.9% and slash the GDP forecast for FY23 to 7% from 7.2% earlier
 "RBI monetary policy: Repo rate hiked by 50 bps, here is what it tells us")
RBI policy: Repo rate hiked by 50 bps to 5.9%; FY23 GDP forecast cut to 7%
CPI inflation for the current financial year is seen at 6.7%, with the price gauge seen at 7.1% in July-September
RBI policy review LIVE: Inflation forecast for FY23 remains unchanged
RBI Monetary Policy Live update: This would be the fourth hike in the policy repo rate by the Reserve Bank of India, which is currently at 5.4%
 "RBI policy review LIVE: Inflation forecast for FY23 remains unchanged")
India's forex reserves fell the most among emerging economies: Report
Since the beginning of 2022, India's reserves have fallen 13.88 per cent from $633.6 billion to $545.6 billion
 "India's forex reserves fell the most among emerging economies: Report")
RBI policy: How inflation, repo rate and demand are linked to each other
With the RBI MPC expected to announce its decision on Friday, we explain how inflation, repo rate and demand are linked to each other
RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps
The Reserve Bank of India's six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to 24 of 35 economists surveyed by Bloomberg as of Wednesday.
 "RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps")
RBI MPC: Experts see a 50 bps hike, pressure on the real estate sector
Costlier EMIs and the limited ability of banks to transmit the rate hikes to customers may lead to the real estate sector becoming among the worst impacted sectors
 "RBI MPC: Experts see a 50 bps hike, pressure on the real estate sector")