Page 56 - Latest Updates on Shaktikanta Das
RBI MPC begins deliberations on monetary policy, another rate cut expected
If the Reserve Bank of India (RBI) cuts the repo rate on Thursday, it would be the sixth reduction in the short-term lending rate in 2019
 "RBI MPC begins deliberations on monetary policy, another rate cut expected")
RBI's Dec policy move could turn real interest rate negative: Economists
Even as market rates have fully reflected the rate cuts, companies are not necessarily in the mood for borrowing, as they face a slump in consumption demand and investment in the country
 "RBI's Dec policy move could turn real interest rate negative: Economists")
It will need more than a rate cut to salvage India's sputtering economy
It wasn't too long ago that economic aspirations for India echoed China's. Now this young country of 1.4 billion people is looking more like Indonesia, Malaysia or the Philippines
 "It will need more than a rate cut to salvage India's sputtering economy")
With growth this bad, India will need more than rate cuts to help economy
The five reductions Shaktikanta Das's overseen haven't given the economy back its groove.
 "With growth this bad, India will need more than rate cuts to help economy")
IL&FS was a Lehman-like moment
Now that the consequences of the collapse of IL&FS are before us, the question worth asking is: Was the decision to let IL&FS fail a policy blunder as the Lehman decision was?
 "IL&FS was a Lehman-like moment")
Need to institutionalise state finance panels: RBI Governor Shaktikanta Das
He said fiscally strong states and Centre is the "essence" of Indian federalism and weakness at either end poses a slew of challenges for the country
Best of BS Opinion: J&K occupying public discourse, but what about economy?
The opinion pages set out some of the critical issues that policy-makers need to confront, says Kanika Datta
 "Best of BS Opinion: J&K occupying public discourse, but what about economy?")
RBI plans 'college of supervisors' to prevent 'PMC Bank-like crisis'
He said the RBI is focusing on governance, risk management, internal audit and compliance functions in banks more closely
 "RBI plans 'college of supervisors' to prevent 'PMC Bank-like crisis'")
Slowdown to bad debts: Shaktikanta Das's balancing act is becoming tougher
As the economy slows, the Reserve Bank governor will find it tough to keep all the balls in the air in the many roles he performs.
 "Slowdown to bad debts: Shaktikanta Das's balancing act is becoming tougher")
RBI governor for tighter controls at PSBs, proactive independent directors
Blames lack of it for elevated levels of NPAs, capital shortfalls, fraud
Closely monitoring situation at PMC Bank, forensic audit underway, says Das
PMC Bank was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans
 "Closely monitoring situation at PMC Bank, forensic audit underway, says Das")
FM Sitharaman to review state of economy at FSDC meeting on Nov 7
The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs, sources added.
 "FM Sitharaman to review state of economy at FSDC meeting on Nov 7")
US Treasury Secretary discusses economy with RBI Governor Shaktikanta Das
The two discussed "global and domestic macro-economic scenario in both countries and regulatory developments", according to an official statement from the central bank
 "US Treasury Secretary discusses economy with RBI Governor Shaktikanta Das")
Will protect depositors' interests, PMC chief assures RBI governor
The meeting with Das, deputy governor and other senior officials of the Central bank came after police authorities confirmed the death of one more depositor, Fattomal Punjabi (61) due to natural cause
 "Will protect depositors' interests, PMC chief assures RBI governor")
Will safeguard depositors' interests, PMC Bank management assures RBI
Administrator J B Bhoria and his team met Shaktikanta Das and other senior officials on Wednesday to apprise them of the position of the bank after relaxation of the withdrawal limit to Rs 40,000
 "Will safeguard depositors' interests, PMC Bank management assures RBI")
RBI monetary policy panel's worries about growth signals more rate cuts
MPC concern explains Governor Shaktikanta Das's statement that the Reserve Bank of India would keep its policy stance accommodative.
Spoken to RBI guv, concerns of PMC Bank's customers will be addressed: FM
PMC is in bad health allegedly due to its exposure to near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances
 "Spoken to RBI guv, concerns of PMC Bank's customers will be addressed: FM")
RBI governor Shaktikanta Das discusses rate transmission with PSBs
The RBI governor also reviewed the credit off-take situation prevailing in the economy amid a slowdown, said sources
 "RBI governor Shaktikanta Das discusses rate transmission with PSBs")
Shaktikanta Das to meet heads of public sector banks on Tuesday
Bankers' parleys with top policymakers come at a time when growth has slowed to a six-year low due to consumption slowdown and lack of private sector investments
Why ration out rate cuts when slowdown is so sharp?
The direction is clear -- there will be more rate cuts but the pace will depend on the incoming data
 "Why ration out rate cuts when slowdown is so sharp?")