Page 58 - Latest Updates on Shaktikanta Das
Best of BS opinion: Working towards a sane society will bring prosperity
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS opinion: Working towards a sane society will bring prosperity")
Room for rate cuts, not fiscal expansion, says RBI governor Shaktikanta Das
He was not willing to comment about the potential real interest rate of India that the central bank should fixate upon as the MPC cannot pursue multiple targets
 "Room for rate cuts, not fiscal expansion, says RBI governor Shaktikanta Das")
Banks will have to take balanced call on NBFC crisis: RBI's Shaktikanta Das
It means the existing promoters should go for a stake sale, bring in new promoters or new money into their NBFCs
 "Banks will have to take balanced call on NBFC crisis: RBI's Shaktikanta Das")
Banks will have to take more haircuts in NBFC resolution process: Das
Das' comment on non-banking finance companies (NBFCs) comes at a time when banks are grappling with the resolution of stressed cases
Room for more rate cuts but govt has little room for fiscal expansion: Das
"Despite rising external risks, domestic economy is resilient as foreign debt is only 19.7 per cent of GDP," said the RBI governor
 "Room for more rate cuts but govt has little room for fiscal expansion: Das")
5% GDP growth in Q1 a surprise, but govt's steps will help economy: RBI Guv
Expressing concern over the first quarter GDP numbers, the RBI Governor said the numbers definitely looked much worse because the RBI had projected 5.8 per cent
 "5% GDP growth in Q1 a surprise, but govt's steps will help economy: RBI Guv")
Current account maybe impacted if oil crisis continues: Shaktikanta Das
Drone attack damaged the world's biggest crude oil processing plant in Saudi Arabia and led to a 19 per cent surge in oil prices.
Das' capital: Whose money is it anyway?
As a result of this transfer, the RBI's ability to help a set of collapsing banks has come down and the govt's ability to pay its creditors has gone up
 "Das' capital: Whose money is it anyway?")
RBI's bonanza to give govt ammunition to fight slowdown, boost capex
This comes at a time when the economic growth rate has slumped to a five-year low after accelerating in the first few years of Modi 1.0 regime
RBI's bonanza is an umbrella to a govt that denied existence of clouds
The central bank is coming to its rescue, and without running any immediate risk of exposure to its own credibility
Business energy to power India to become $5-trillion economy: RBI Governor
The RBI chief said the slight slowdown in the last quarter was a temporary one and the economy is likely to end the fiscal with higher growth rate of close to 7 per cent
Harmonise liquidity norms between banks and NBFCs, says Shaktikanta Das
In recent years, India's external sector has benefited from a sustainable level of current account deficit, largely financed by robust foreign direct investment inflows
RBI MPC minutes reveal why Shaktikanta Das opted for rate cut of 35 bps
Two of his RBI colleagues and an independent member in the rate-setting MPC had also favoured a 35-basis point reduction, against the normal practice of 25 or 50 basis points change
 "RBI MPC minutes reveal why Shaktikanta Das opted for rate cut of 35 bps")
Linking loans to repo not the only way for faster transmission: Axis Bank
The comments come at a time when pushing up the sagging economic growth has become the biggest focus for the policymakers
 "Linking loans to repo not the only way for faster transmission: Axis Bank")
Time to formally link rates to repo, says RBI Governor Shaktikanta Das
Shaktikanta Das likely to initiate required steps in coming weeks
RBI Guv Shaktikanta Das rules out asset quality review of NBFCs for now
He said the RBI is keeping a close watch on the interconnectedness of banks and non-banking finance companies and reiterated that the monetary authority will not let any of the top 50-odd NBFCs fail
 "RBI Guv Shaktikanta Das rules out asset quality review of NBFCs for now")
After SBI, RBI Guv says all banks should link loans, deposits to repo rate
Calling for radical corporate governance reforms at state-run banks, Das said their real test would be their ability to access capital from the markets rather than depending on the govt
Growth is highest priority, every policymaker concerned with it: RBI's Das
Das said that weaker-than-expected growth with signs of a slowdown was the key risk to global financial stability, though banks were more resilient to shocks
RBI Governor Shaktikanta Das takes public sector banks to task on rate cut
Das says banks must improve their recovery mechanism
 "RBI Governor Shaktikanta Das takes public sector banks to task on rate cut")
India's interest-rate stance now depends on data, says Shaktikanta Das
Das said he sees signs of a recovery in economic growth and further monetary policy steps will depend on incoming data