Page 45 - Latest Updates on Shaktikanta Das
Sensex gains 447 pts, ends at 45,080 as RBI revises FY21 GDP growth outlook
All that happened in the markets today
 "Sensex gains 447 pts, ends at 45,080 as RBI revises FY21 GDP growth outlook")
Growth prospects have brightened with vaccine progress: RBI Governor Das
Reserve Bank Governor on Friday said growth rate is likely to turn positive in the second half of the current financial year.
 "Growth prospects have brightened with vaccine progress: RBI Governor Das")
RBI proposes liquidity enhancing measures for RRBs, directions to come soon
After banks and NBFCs, the Reserve Bank of India (RBI) has now decided to facilitate a more efficient liquidity management in Regional Rural Banks
 "RBI proposes liquidity enhancing measures for RRBs, directions to come soon")
RBI to introduce digital payment security control directions: Governor Das
RBI Governor Shaktikanta Das said the central bank will be introducing digital payment security control directions for regulated entities
 "RBI to introduce digital payment security control directions: Governor Das")
RBI asks banks to retain profit, not make any dividend payment for FY20
In view of the economic shock caused by Covid-19, the Reserve Bank of India asked scheduled commercial banks and co-operative banks not to make any dividends for the financial year ended March 2020
 "RBI asks banks to retain profit, not make any dividend payment for FY20")
RTGS to be made available 24X7 in next few days: RBI Governor
RBI said that the Real Time Gross Settlement (RTGS) system, used for large value transactions, will be made available round-the-clock in the next few days
 "RTGS to be made available 24X7 in next few days: RBI Governor")
RBI pegs retail inflation at 6.8 percent for the December quarter
The Reserve Bank of India said retail inflation is likely to remain elevated and pegged it at 6.8 per cent for the third quarter of the current fiscal
 "RBI pegs retail inflation at 6.8 percent for the December quarter")
RBI strengthens grievance redress framework of banks for better service
RBI has decided to put in place a comprehensive framework to strengthen and improve the efficacy of the internal grievance redress mechanism of the banks and to provide better customer service
 "RBI strengthens grievance redress framework of banks for better service")
Economy to contract at 7.5 per cent for FY21 due to Covid-19 impact: RBI
The Reserve Bank of India revised its forecast of economic growth for the current fiscal year (2020-21) to minus 7.5 per cent compared to its earlier forecast of minus 9.5 per cent
 "Economy to contract at 7.5 per cent for FY21 due to Covid-19 impact: RBI")
Sensex, Nifty hit record highs as RBI kept rates steady amid high inflation
Indian shares hit record highs after the country's central bank kept interest rates steady in the face of stubbornly high inflation, while also retaining its accommodative monetary policy stance
 "Sensex, Nifty hit record highs as RBI kept rates steady amid high inflation")
RBI Monetary policy LIVE: FY21 GDP contraction outlook revised to 7.5%
RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned for all the LIVE updates
Economic recovery stronger than expected: RBI governor Shaktikanta Das
The RBI is scheduled to announce its monetary policy next week where it is expected to give its outlook on growth
Indian economy exhibited stronger pick up than expected: RBI Governor
Shaktikanta Das said that monetary policy guidance in October emphasised the need to see through temporary inflation pressures
 "Indian economy exhibited stronger pick up than expected: RBI Governor")
A glut of cash chasing assets in India causes short-term rates to plunge
Banks have parked 6.1 trillion rupees ($82.5 billion) of excess cash with the central bank at the reverse repo rate of 3.35%
 "A glut of cash chasing assets in India causes short-term rates to plunge")
Banking reforms: The real metrics
Under Shaktikanta Das, RBI has been moving speedily on banking reforms. The most crucial question is, will any of this mean a big difference to the quality and cost of banking services for depositors?
 "Banking reforms: The real metrics")
Sensex to rise 15% more to 50,000 by December 2021: Morgan Stanley Report
The report by American brokerage Morgan Stanley comes at a time when many experts, including RBI Governor Shaktikanta Das, have noted the disconnect between the real economy and the markets
 "Sensex to rise 15% more to 50,000 by December 2021: Morgan Stanley Report")
RBI policymakers spar over high inflation forecasts, steep yield curve
For months now, inflation has exceeded the central bank's tolerance band and held it back from cutting rates
 "RBI policymakers spar over high inflation forecasts, steep yield curve")
RBI Governor Das recovers from Covid-19, will join office next week
Reserve Bank of India Governor Shaktikanta Das said he has turned coronavirus negative and will join office next week
 "RBI Governor Das recovers from Covid-19, will join office next week")
RBI Governor stresses need for strengthening preventive vigilance framework
He was speaking at a panel discussion organised by the central bank as part of the ''Vigilance Awareness Week 2020''
 "RBI Governor stresses need for strengthening preventive vigilance framework")
How Covid-19 disruptions and food inflation have worsened RBI's trilemma
In India, with supply chain disruptions and food prices pushing inflation stubbornly above target, handling the trinity is looking tougher