Page 8 - Latest Updates on Shaktikanta Das
India's credit ratings upgrade is long overdue: RBI Guv Shaktikanta Das
Governor of the Reserve Bank of India Shaktikanta Das said that India is capable of meeting its external payment obligations and a credit ratings upgrade should happen soon
 "India's credit ratings upgrade is long overdue: RBI Guv Shaktikanta Das")
Too early to talk rate cut, won't give guidance: RBI Governor Das
RBI guv says expected credit loss norms in final state of examination, should be out in current financial year
 "Too early to talk rate cut, won't give guidance: RBI Governor Das")
RBI governor Das asks banks to strengthen governance, risk management
The governor also noted the continued improvement in banks' asset quality, loan provisioning, capital adequacy, and profitability
Investor confidence
Index inclusion also has risks
 "Investor confidence")
RBI using alternative data sources for economic insights: Shaktikanta Das
World from moving from 'era of data scarcity to abundance', says central bank governor
India at cusp of structural growth shift, says RBI gov Shaktikanta Das
The Indian economy recorded a growth of 8.2 per cent in FY24 and averaged 8.3 per cent in the last three financial years
'We are positive about growth, disinflation', says RBI Governor Das
Addressing the 188th AGM of Bombay Chamber of Commerce & Industry, RBI Governor Shaktikanta Das says, "India is at the threshold of a major structural shift in its growth trajectory
 "'We are positive about growth, disinflation', says RBI Governor Das")
Growth is important, but not at cost of unacceptable risks: RBI governor
Business models designed for profitability could contain vulnerabilities that may not be apparent, says Shaktikanta Das
 "Growth is important, but not at cost of unacceptable risks: RBI governor")
Not acting on unsecured lending could have created bigger problem: Das
He expressed satisfaction that the RBI's action has had the desired impact, as the growth in unsecured lending has indeed slowed down
 "Not acting on unsecured lending could have created bigger problem: Das")
Rural demand picking up, likely to hold this year: RBI Governor Das
RBI guv says premature to change stance, FY24 CAD may be less than 1%
 "Rural demand picking up, likely to hold this year: RBI Governor Das")
India must avoid 'adventurism', focus on bringing down inflation: RBI chief
The central bank kept the key repo rate unchanged at 6.5% for an eighth straight policy meeting earlier this month saying robust economic growth will give it space to focus on bringing down inflation
 "India must avoid 'adventurism', focus on bringing down inflation: RBI chief")
Budget 2024: Will the govt provide income tax relief to salaried class?
A report by a leading national-daily claim the upcoming Budget for FY25 may emphasise tax reductions for low-income earners rather than increasing welfare expenditures
 "Budget 2024: Will the govt provide income tax relief to salaried class?")
RBI's reserve maintenance system for banks fails on Tuesday, say traders
Indian banks need to park 4.5 per cent of their net deposits with the central bank and must maintain at least 90 per cent of this requirement every day
 "RBI's reserve maintenance system for banks fails on Tuesday, say traders")
Must invest adequately in IT systems: RBI Governor Shaktikanta Das to banks
Underscores urgency to keep up with growth of digital payments
Last mile journey to 4% inflation target is sticky: RBI Governor Das
Even the high rates of growth are enabling us to catch up with that level. So, no, signs of over- heating. On rate hikes being off the table, nothing is off the table.
RBI asks banks to rework biz plan, flags gap in credit, deposit rates
Warns microfinance institutions, NBFCs against 'usurious' rates on small loans
Here's how industry leaders reacted to the RBI's June MPC decisions
The RBI MPC maintained its 'withdrawal of accommodation' stance and kept the repo rate unchanged at 6.5 per cent. The RBI revised FY25 GDP growth forecast to 7.2 per cent
 "Here's how industry leaders reacted to the RBI's June MPC decisions")
Banks need to revise plans to deal with credit and deposit growth gap: Das
Das said that the boards and top management of regulated entities should ensure that risk limits and exposures for each line of business are kept well within their respective risk appetite framework
Decoded: Why does the RBI keep gold abroad and why has it got some back?
With the transfer of around 100 metric tonnes of gold from the UK last week, India's gold reserves are now evenly distributed, with 400 tonnes each in India and abroad
 "Decoded: Why does the RBI keep gold abroad and why has it got some back?")
RBI MPC highlights: Last mile of our journey towards 4% inflation target is sticky, says Governor
RBI MPC Meeting highlights: RBI Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.5% for the eight consecutive time and will continue with its stance of 'withdrawal of accommodation.'
 "RBI MPC highlights: Last mile of our journey towards 4% inflation target is sticky, says Governor")
