Page 43 - Latest Updates on Shaktikanta Das
RBI's monetary and Centre's fiscal policy are moving hand-in-glove
RBI has done exceptionally well in managing government's extended borrowing this year when fiscal deficit has shot-up to 9.5 per cent of GDP
 "RBI's monetary and Centre's fiscal policy are moving hand-in-glove")
RBI Monetary Policy: Rate sensitive sectors may have been disappointed
The MPC meet outcome is neutral to different sectors. Although some sectors were eyeing for cut in rates, this was impractical going by the large spend envisaged by the Budget
 "RBI Monetary Policy: Rate sensitive sectors may have been disappointed")
Three offers received for PMC Bank resolution: RBI Governor Das
Das said three investors have submitted their offers for reconstruction of crisis-ridden Punjab and Maharashtra Co-operative (PMC) Bank and evaluation for those are underway
 "Three offers received for PMC Bank resolution: RBI Governor Das")
RBI monetary policy announcements: Highlights and key takeaways
This is the fourth time in a row that MPC has decided to keep the policy rate unchanged at 4%. The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
 "RBI monetary policy announcements: Highlights and key takeaways")
LIVE: RBI says will undo damage inflicted on economy by Covid-19 in FY21-22
RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned for all the LIVE updates
One nation one ombudsman: RBI to integrate consumer grievance redressal
There are dedicated ombudsman schemes devoted to consumer grievance redressal in banking, non-bank finance companies and digital transactions, respectively, at present
 "One nation one ombudsman: RBI to integrate consumer grievance redressal")
RBI extends deadline for last tranche of capital conservation buffer
The capital conservation buffer ensures that banks have an additional layer of usable capital that can be drawn down when losses are incurred
 "RBI extends deadline for last tranche of capital conservation buffer")
Economic growth will only move upwards in FY21-22, says Shaktikanta Das
The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week
Inflation, Budget and its implications: RBI's two guiding forces on rates
The other signals expected from the policy related to the rollback of measures announced during the pandemic
 "Inflation, Budget and its implications: RBI's two guiding forces on rates")
RBI MPC highlights: Rates, stance unchanged, CRR to be restored, and more
Projection for CPI-based inflation revised to 5.2% for Q4 of FY21, for H1 of FY22 at 5% to 5.2%, and for Q3 of FY22 at 4.3%
RBI maintains status quo for fourth time, keeps policy rate unchanged at 4%
The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with the RBI
 "RBI maintains status quo for fourth time, keeps policy rate unchanged at 4%")
RBI keeps policy rate unchanged fourth time, maintains accommodative stance
The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
India's massive borrowing puts RBI under pressure to keep yields in check
India will borrow a gross Rs 12 trillion ($164 billion) via bonds in the fiscal year beginning April, Finance Minister Nirmala Sitharaman said on Monday
Thoughts on Budget and monetary policy
Beyond hype, if the Budget creates a platform for growth, the RBI will have to change the policy's stance, but that won't happen - now or even in April
 "Thoughts on Budget and monetary policy")
Turnaround hopes for rupee fade over RBI's stance on forex reserves
The rupee is under pressure to rise on heavy foreign inflows
 "Turnaround hopes for rupee fade over RBI's stance on forex reserves")
Best of BS Opinion: Start-up's flights of fancy, powering mobility & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Start-up's flights of fancy, powering mobility & more")
A poor idea
Bad bank will only kick the can down the road
 "A poor idea")
Indian budgets have supplied an invaluable public good, a stable democracy
It is not just RBI which has delivered stability but also Indian budgets which have delivered social and political stability through fiscal policy
 "Indian budgets have supplied an invaluable public good, a stable democracy")
No choice but to build reserves despite US monitoring list : RBI Governor
The US Treasury in December included India in the currency manipulator watchlist with nine others for one-sided intervention preventing rupee appreciation
 "No choice but to build reserves despite US monitoring list : RBI Governor")
RBI's red flag
Recognition of NPAs in PSBs must be swift
 "RBI's red flag")