Page 55 - Latest Updates on Shaktikanta Das
Top headlines: Das clarifies on repo rate; wholesale inflation rises in Nov
From Moody's comment on weak household consumption in India to Modi's comment on Citizenship Act protests, Business Standard brings you the top headlines of the day
 "Top headlines: Das clarifies on repo rate; wholesale inflation rises in Nov")
RBI acted ahead of time by cutting rates from Feb: Das on economic slowdown
The comments from Das come following a series of five consecutive rate cuts by RBI starting February this year by a cumulative 1.35 per cent
 "RBI acted ahead of time by cutting rates from Feb: Das on economic slowdown")
The uncertain times continue for banks
It is difficult to say whether the banking sector will see the worst behind it by March 2020
 "The uncertain times continue for banks")
Das meets heads of PSBs, discusses transmission of rates, stressed assets
The meeting focused on credit flow to the 'productive sectors' which include micro, small and medium enterprises and non-banking financial companies
 "Das meets heads of PSBs, discusses transmission of rates, stressed assets")
Part Panglossian, part floccinaucinihilipication: Governor Das marches on
Sachin Chaturvedi, a member of the Central Board of RBI, describes Das as a person who brings in pragmatism, commitment, transparency and sincerity to the table.
 "Part Panglossian, part floccinaucinihilipication: Governor Das marches on")
One year of Guv Shaktikanta Das at RBI: Keep calm and do what's needed
RBI and the government had differences on many occasions, but the governor didn't let it play them out in public
 "One year of Guv Shaktikanta Das at RBI: Keep calm and do what's needed")
First year of Das: Floccinaucinihilipilification or Panglossian?
The no-rate-cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate Shaktikanta Das is maturing in his new role.
 "First year of Das: Floccinaucinihilipilification or Panglossian?")
Raghuram Rajan urges scrutiny of NBFCs lending to stressed realty sector
The Reserve Bank of India should carry out an asset quality review of the non-bank finance companies, Rajan said.
 "Raghuram Rajan urges scrutiny of NBFCs lending to stressed realty sector")
RBI keeps repo rate unchanged at 5.15%, stance stays accommodative
The market and economists were expecting a sure cut in the policy review, considering the weak growth rate
Inflation warrior
RBI's next move will depend on the Budget
 "Inflation warrior")
PMC Bank scam: RBI expects forensic audit report by end of this month
The multi-state co-operative bank has been under the RBI restriction since September 23, after it had found financial irregularities
Telecom tariff hike may add to inflation, cautions RBI Governor Das
All the three private telecom players Vodafone Idea, Bharti Airtel and Jio has raised their taiff plans pre-paid tariff plans and the increase has been as high as 40-50%
Can't cut rates mechanically every time: RBI Governor Shaktikanta Das
'We expect a gradual recovery in income growth right into the second half of next year', said Das
 "Can't cut rates mechanically every time: RBI Governor Shaktikanta Das")
Monetary Policy: Reserve Bank picked a heck of a time to slow things down
If Reserve Bank's rate cut pause has shocked you, blame it on inflation
 "Monetary Policy: Reserve Bank picked a heck of a time to slow things down")
RBI unexpectedly hits pause on rate cut; lowers FY20 GDP forecast to 5%
The 6-member Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, unanimously voted to hold the key repo rate at 5.15% and reverse repo rate at 4.90%
 "RBI unexpectedly hits pause on rate cut; lowers FY20 GDP forecast to 5%")
RBI is completely against private digital currencies, says Shaktikanta Das
The comments come a year after the government tagged Bitcoins and other crypto-currencies illegal and following which the RBI banned trading on them
 "RBI is completely against private digital currencies, says Shaktikanta Das")
RBI hits pause after five straight rate cuts: Top highlights from MPC meet
The RBI said the monetary transmission has been "full and reasonably swift across various money market segments and the private corporate bond market".
 "RBI hits pause after five straight rate cuts: Top highlights from MPC meet")
Forex reserves hit a new high of $451 billion as of Dec 3: RBI governor
Since the beginning of the current financial year, the forex kitty has gained by $38.8 billion as of December 3, the largest in recent year, the governor added
With rate cuts not helping, here's an unconventional step that RBI can try
The central bank, which reviews policy on Thursday, should look to pull down long-term yields by selling short-tenor bonds and reinvesting in longer-term ones, said Suyash Choudhary
RBI likely to cut rates for sixth time this year, try help growth
RBI has delivered 135 basis points of interest-rate easing this year, but lenders have only transmitted a fraction of that to borrowers.
 "RBI likely to cut rates for sixth time this year, try help growth")