Page 59 - Latest Updates on Shaktikanta Das
RBI keeps retail inflation within target level for over 12 months
CPI-based inflation for first half of the next fiscal, beginning April 2020, has been projected at 3.6 per cent
 "RBI keeps retail inflation within target level for over 12 months")
Banks so far passed on only 29 bps to borrowers of RBI's 75 bps cuts: Das
He said banks have taken this stance despite financial markets, on which they depend for money, moving in tandem with the RBI actions and fully absorbing them rate cuts
 "Banks so far passed on only 29 bps to borrowers of RBI's 75 bps cuts: Das")
Jalan committee finalises report on RBI reserves; board meet on Aug 23
The Jalan committee report will not have the views of former finance and economic affairs secretary Subhash Chandra Garg
 "Jalan committee finalises report on RBI reserves; board meet on Aug 23")
RBI's Usha Thorat panel for easier foreign play in currency market
The committee submitted its report to the RBI governor on Thursday
 "RBI's Usha Thorat panel for easier foreign play in currency market")
In policy making, you have to take a call beyond numbers: Shaktikanta Das
Numbers are paramount, what our assessment of the incoming data is, and how we see the incoming data, Das said
Repo rate at nine-year low after RBI announces first-ever cut of 35 bps
FY20 growth projection cut to 6.9%; RBI Governor Shaktikanta Das says slowdown cyclical
 "Repo rate at nine-year low after RBI announces first-ever cut of 35 bps")
RBI policy: More rate cuts likely ahead as MPC prefers growth to inflation
The MPC has also brought down the projection of GDP growth of 6.9 per cent from 7 per cent, which is not significant but definitely does affect sentiment
 "RBI policy: More rate cuts likely ahead as MPC prefers growth to inflation")
Hobson's choice before the Reserve Bank...
... between a harder forward premium and a sharp decline in the domestic rates
 "Hobson's choice before the Reserve Bank...")
RBI monetary policy poll: Majority see 25 bps cut, more can be in store
Of the 15 economists and market players who participated in the poll, two predicted a 50-basis point cut, while the rest anticipated a rate reduction by 25 bps
 "RBI monetary policy poll: Majority see 25 bps cut, more can be in store")
RBI Governor asks private banks to pass on rate cut benefits faster
RBI is widely expected to go in for a 50 basis points rate cut at its review next week
 "RBI Governor asks private banks to pass on rate cut benefits faster")
Deposit rate cuts at private banks likely to lag State Bank of India
Having cut rates, they may use this to strategically raise more term-liabilities
 "Deposit rate cuts at private banks likely to lag State Bank of India")
Uncertain times ahead, EMs lack safety net: RBI governor Shaktikanta Das
The general government debt of AEs as a group has surpassed 100 per cent of gross domestic product (GDP), whereas the fiscal space is also constrained in many of these countries
 "Uncertain times ahead, EMs lack safety net: RBI governor Shaktikanta Das")
Currency manipulation charges reek of bilateral hegemony: Shaktikanta Das
Das' statement comes in the wake of the US treasury department's recent currency report to the Congress
 "Currency manipulation charges reek of bilateral hegemony: Shaktikanta Das")
There is definitely a case for bigger and faster transmission of rates: Das
"It is necessary to have An effective interaction between the government and the RBI in the interests of the economy and the overall financial sector"
 "There is definitely a case for bigger and faster transmission of rates: Das")
Bank lending to NBFCs set to gather pace: RBI Governor Shaktikanta Das
RBI's June 7 circular places onus on banks to take informed decisions while taking on exposure to the sector
 "Bank lending to NBFCs set to gather pace: RBI Governor Shaktikanta Das")
RBI set to cut interest rate in August for the fourth time in a row: Report
They are going to cut rates in August and again later, mainly due to low growth and weak inflation, said an economist
 "RBI set to cut interest rate in August for the fourth time in a row: Report")
Sovereign bond yields to consolidate ahead of monetary policy review: DBS
The Reserve Bank's next policy review meet is scheduled to be held from August 5th to 7th
 "Sovereign bond yields to consolidate ahead of monetary policy review: DBS")
Markets extend sell-off after RBI governor Shaktikanta Das sounds caution
HDFC twins lose over Rs 45,000 cr in market cap
 "Markets extend sell-off after RBI governor Shaktikanta Das sounds caution")
Can't say when NBFC crisis will finish; trying to avoid contagion: RBI Guv
"We have to only see our domestic demand continues to be robust and ensure that there is a domestic demand revival and that remains strong"
 "Can't say when NBFC crisis will finish; trying to avoid contagion: RBI Guv")
RBI blames banks for Mudra loan defaults; bankers say can't help
Banks, according to the RBI, did not follow adequate credit appraisals, did not ensure the end-use of funds, or monitor the loans
 "RBI blames banks for Mudra loan defaults; bankers say can't help")