Page 7 - Latest Updates on Shaktikanta Das
RBI Guv headed FSDC reviews overall macroeconomic, financial developments
It also reviewed issues relating to inter-regulatory coordination in the Indian financial sector, the RBI said in a statement after the 31st meeting of the FSDC Sub-Committee
 "RBI Guv headed FSDC reviews overall macroeconomic, financial developments")
Provide more employment opportunities to women, RBI Guv Das tells banks
In his inaugural address at the Annual FIBAC 2024 Conference organised jointly by Ficci and IBA, Das said India's female labour force participation remains lower than the global average
 "Provide more employment opportunities to women, RBI Guv Das tells banks")
GDP to expand 7.2% in FY25 despite lower Q1 growth, says RBI Guv Das
Das said agriculture should perform better during the rest of the year due to a good monsoon and aid a further pick-up in rural demand
 "GDP to expand 7.2% in FY25 despite lower Q1 growth, says RBI Guv Das")
RBI board reviews global, domestic economy, associated challenges
The Board also reviewed various areas of operations of the Reserve Bank of India including the functioning of Local Boards and activities of select central office departments, RBI said
 "RBI board reviews global, domestic economy, associated challenges")
Trigger happy regulator? RBI Dy Guv says action to protect customers
In recent years, the regulator has imposed business restrictions and barred entities from onboarding new customers for violating norms and causing customer inconvenience
 "Trigger happy regulator? RBI Dy Guv says action to protect customers")
UPI likely to grow further in several countries, says RBI Guv Das
UPI is already present in many countries through QR codes and the linkage of fast payments systems, and discussions are underway with several other nations
 "UPI likely to grow further in several countries, says RBI Guv Das")
RBI to launch Unified Lending Interface to transform lending space: Das
There should not be in any rush to roll out system-wide CBDC before one acquires a comprehensive understanding of its impact, Das said
 "RBI to launch Unified Lending Interface to transform lending space: Das")
Bandhan Bank announces launch of exclusive savings account for women 'Avni'
The launch comes on the back of the Reserve Bank of India governor Shaktikanta Das asking banks to offer innovative products and service offerings
 "Bandhan Bank announces launch of exclusive savings account for women 'Avni'")
RBI guv Shaktikanta Das ranked as top central banker for 2nd straight year
Grades are based on a scale from A to F for success in inflation control, economic growth goals, currency stability and interest rate management
Cannot cut rates due to one-off inflation dip, says RBI governor Das
The six-member Monetary Policy Committee of the RBI has kept the policy repo rate unchanged at 6.5% since February 2023
PSBs target healthcare, housing to boost deposits with new lucrative deals
RBI Governor Shaktikanta Das highlighted at the press briefing that interest rates are deregulated and banks are free to decide on interest rates
 "PSBs target healthcare, housing to boost deposits with new lucrative deals")
PSBs trim branch network but private sector spreads its net, shows data
Das asked banks to use their branches effectively to mobilise deposits, highlighting the importance of brick-and-mortar structures
 "PSBs trim branch network but private sector spreads its net, shows data")
Sovereign green bonds trading at IFSC to start in 2nd half of FY25: RBI Guv
The government has been raising funds through green bonds since 2022-23 and has raised a total of Rs 36,000 crore in the last two years
 "Sovereign green bonds trading at IFSC to start in 2nd half of FY25: RBI Guv")
Today, India is far more resilient than what it was earlier, says RBI
India has improved its resilience vis-a-vis external shocks quite a bit, Das said
 "Today, India is far more resilient than what it was earlier, says RBI")
Monetary policy: RBI holds repo rates again, cites food inflation risks
Policy must stay the course with close vigil on inflation trajectory, says governor
Food inflation can't be ignored, need to remain vigilant: RBI Governor Das
Economic Survey had suggested exploring whether inflation targeting framework of the central bank should exclude food
 "Food inflation can't be ignored, need to remain vigilant: RBI Governor Das")
Staying the course
Mr Das has set the record straight
Banks should offer innovative products, service to garner deposits: Das
However, the governor did not give any specific instructions as far as interest rates on deposits are concerned
RBI to set up public repository of digital lending apps to help customers
It will help people find out of a digital lender has a relationship with a bank or NBFC
 "RBI to set up public repository of digital lending apps to help customers")
Is the US heading towards recession? What RBI Governor Shaktikanta Das said
The RBI MPC on Thursday decided to keep its repo rate unchanged at 6.5 per cent for the ninth consecutive time, RBI Governor Shaktikanta Das announced
 "Is the US heading towards recession? What RBI Governor Shaktikanta Das said")