Page 48 - Latest Updates on Shaktikanta Das
Unlock BFSI 2.0: Time for banks to look 'deeply within', says RBI Guv Das
Current pandemic-related shock has placed a greater pressure on banks, and this may lead to an erosion of their capital. Tune in to this podcast to know Governor Shaktikanta Das' take on the matter
 "Unlock BFSI 2.0: Time for banks to look 'deeply within', says RBI Guv Das")
Indian bankers seek to counter RBI Governor on 'risk aversion' comment
Heads of various banks sought to present a counter narrative on Shaktikanta Das warning lenders about the perils of risk aversion in the pandemic-stricken environment where credit demand is waning
 "Indian bankers seek to counter RBI Governor on 'risk aversion' comment")
Top headlines: States to borrow Rs 2.35 trn, Ladakh situation 'serious'
Here are the top headlines of the day
 "Top headlines: States to borrow Rs 2.35 trn, Ladakh situation 'serious'")
RBI still has enough firepower left to handle the situation: Governor Das
There would be a very careful recalibration of emergency measures once an end to Covid-19 was in sight, RBI Shaktikanta Das said while delivering the keynote address at the BS Unlock BFSI 2.0 webinar
 "RBI still has enough firepower left to handle the situation: Governor Das")
'Banks need to look within': Here's the full text of RBI Governor's speech
He was speaking on the theme "It is Time for Banks to Look Deeply Within: Reorienting Banking Post-Covid"
Banks 'prudent, careful' as economic recovery will take long: CEOs
The bankers were responding to RBI governor Shaktikanta Das's statement that banks risked their own growth by being "extremely risk averse"
 "Banks 'prudent, careful' as economic recovery will take long: CEOs")
Can the Reserve Bank talk the bond yield down?
Why are the bond yields hardening when there is ample liquidity in the system and RBI is willing to do anything to ensure a non-disruptive market borrowing by the government?
Best of BS Opinion: Fort Narendra Modi, old times in Sri Lanka, and more
Business Standard opinion pieces for the day talk about, among other things, how the government is performing
 "Best of BS Opinion: Fort Narendra Modi, old times in Sri Lanka, and more")
Bank moratorium was a temporary solution: RBI governor Shaktikanta Das
On rate cuts, governor says RBI will intervene when needed
Kamath committee recommendations will be out by September 6: RBI Governor
The committee on business loan resolution would submit its recommendations within one month and the central bank will soon release its final guidelines on the issue
 "Kamath committee recommendations will be out by September 6: RBI Governor")
RBI governor for judicious use of monetary action in future: MPC minutes
After a three-day brainstorming earlier this month, all the six members of the Das-headed Monetary Policy Committee (MPC) had opted for a status quo and left interest rates unchanged
RBI governors don't need an MPC but a helpful finance minister
An Monetary Policy Committee is not needed unless you want to decorate your central bank
 "RBI governors don't need an MPC but a helpful finance minister")
How long will it take for RBI's loan-recast plan to see the light of day?
It will take some effort to ensure that the RBI's one-time loan recast scheme works satisfactorily, reports Raghu Mohan
 "How long will it take for RBI's loan-recast plan to see the light of day?")
RBI's payout unlikely to plug the huge govt revenue hole created by Covid
Last year the RBI's board approved a record payment of Rs 1.76 trillion ($23.5 billion) to the government, which included Rs 1.23 trillion as dividend and Rs 526.4 billion from its surplus capital
 "RBI's payout unlikely to plug the huge govt revenue hole created by Covid")
Wanted: An MPC with more power and 'flexibility'
The members can come from diverse backgrounds such as finance, labour and economics, and must have a say in the entire interest-rate architecture
Monetary policy: RBI measures preserved financial stability, says Das
The RBI's monetary policy committee has kept the repo rate unchanged at 4 per cent, amid rising inflationary pressure and a grim economic outlook
 "Monetary policy: RBI measures preserved financial stability, says Das")
A non-monetary policy, par for the course
Rate cut off the table for now; focus is on other measures to ease stress in system
RBI allows offline payments of up to Rs 200 through cards on pilot basis
The scheme is aimed at encouraging customers to opt for digital payments even in those places where the internet connectivity is poor
 "RBI allows offline payments of up to Rs 200 through cards on pilot basis")
RBI governor announces 'positive pay' feature to help avert cheque frauds
Under the 'positive pay' system, a customer who issues the cheque clicks a picture of the cheque before handing it over to the beneficiary and uploads the same on the bank's mobile application
 "RBI governor announces 'positive pay' feature to help avert cheque frauds")
No current accounts for clients with cash credit, overdraft facilities: RBI
In a notification, the central bank said that rather than opening a new current account, all transactions should be routed through Cash Credit (CC) or OverDraft (OD) account
 "No current accounts for clients with cash credit, overdraft facilities: RBI")