Page 5 - Latest Updates on Shaktikanta Das
BFSI summit highlights: Not acquisition but integration a challenge, says Razorpay's MD
Business Standard BFSI Summit 2024 updates: Catch all the updates related to the BFSI summit here
 "BFSI summit highlights: Not acquisition but integration a challenge, says Razorpay's MD")
RBI 'watchful' of unsecured loan flows into stock market: Shaktikanta Das
RBI Governor Shaktikanta Das discusses the difficulty in monitoring unsecured loans at the Business Standard BFSI Insight Summit
 "RBI 'watchful' of unsecured loan flows into stock market: Shaktikanta Das")
Sep inflation was 5.5%; Oct may be higher: RBI Governor Shaktikanta Das
RBI Governor Shaktikanta Das discusses inflation outlook and economic resilience at the Business Standard BFSI Insight Summit
 "Sep inflation was 5.5%; Oct may be higher: RBI Governor Shaktikanta Das")
RBI's 'cease and desist' directive on NBFCs not arbitrary: Shaktikanta Das
RBI Governor explains regulatory actions in conversation with Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit
 "RBI's 'cease and desist' directive on NBFCs not arbitrary: Shaktikanta Das")
Rupee hits record low as US election news boosts dollar, RBI steps in
The dollar index climbed 1.5 per cent to a four-month high of 105.19 as trends signalled an edge for Republican candidate Donald Trump, prompting interest in so-called 'Trump trades.
 "Rupee hits record low as US election news boosts dollar, RBI steps in")
RBI to cut rates in Dec to 6.25%, say narrow majority of economists: Poll
The central bank has held interest rates at their highest since early 2019 for the past 10 meetings
 "RBI to cut rates in Dec to 6.25%, say narrow majority of economists: Poll")
Shaktikanta Das receives A+ grade in the central bank report cards 2024
RBI Governor Das gets the A+ grade for second consecutive year; key areas, including inflation control and economic growth targets, evaluated
 "Shaktikanta Das receives A+ grade in the central bank report cards 2024")
RBI Governor Shaktikanta Das gets top central banker award by US magazine
This is the second consecutive year that he has been ranked as the top central banker globally
 "RBI Governor Shaktikanta Das gets top central banker award by US magazine")
Inflation to moderate from 4th quarter but global conflicts pose risks: Das
Balance between inflation & growth is well-poised, the Indian economy reflects a picture of stability and strength, said Shaktikanta Das
Cryptocurrencies huge risks to financial stability, says RBI Guv Das
There has to be (an) international understanding on this issue, being fully mindful of the huge risks associated with cryptocurrencies
 "Cryptocurrencies huge risks to financial stability, says RBI Guv Das")
We don't want to join any party: RBI Guv on rate cut by other central banks
We are not managing the exchange rate, Das clarified
RBI cracks down on shadow banks over high-interest loans, rule violations
The Reserve Bank of India ordered four shadow banks to stop sanctioning new loans because of high interest rate charges to customers
 "RBI cracks down on shadow banks over high-interest loans, rule violations")
Over-reliance on AI poses financial stability risks: RBI Governor Das
Feasibility of expanding RTGS to settle transactions in USD, Euro, GBP can be explored
Inflation horse brought to the stable, has to be kept on a tight leash: RBI
While the September inflation print may see a significant pick-up as base effects turn adverse and food prices register an upturn, food inflation, the RBI said, is expected to ease by Q4:2024-25
 "Inflation horse brought to the stable, has to be kept on a tight leash: RBI")
Heavy reliance on AI can lead to concentration risks, says RBI governor
Banks have to ride on the advantages of AI and Bigtech and not allow the latter to ride on them, says Das
Feasibility of expanding RTGS to settle transactions can be explored: Das
Divergence in global monetary policies can be expected to lead to volatility in capital flows and exchange rates, which may disrupt financial stability, says Das
RBI decides to hold policy repo rate; changes stance gear to neutral
Das says inflation-growth balance well-poised; rates may start falling from Dec
RBI holds repo rate, adopts neutral stance, opens door for rate cut
If we see higher inflation in September-October and 7% GDP growth in September quarter, will the RBI go for a rate cut in December? Or, will that be pushed to February?
 "RBI holds repo rate, adopts neutral stance, opens door for rate cut")
Growth at any cost approach of some NBFCs poses risks: RBI Governor
Governor Das warns of action for failure to do so; directs them to review compensation practices linked to targets
 "Growth at any cost approach of some NBFCs poses risks: RBI Governor")
Greater confidence that inflation moderating in Q3...but risks remain: Das
We have to be very careful because there is every chance that inflation will simply bolt again, says Das
 "Greater confidence that inflation moderating in Q3...but risks remain: Das")