Page 9 - Latest Updates on Shaktikanta 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
 "Must invest adequately in IT systems: RBI Governor Shaktikanta Das to banks")
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.
 "Last mile journey to 4% inflation target is sticky: RBI Governor Das")
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")
RBI brings gold reserve to India; nothing more should be read into it: Das
The quantum of gold stored outside was static for a long time, Reserve Bank of India Governor Das said here
RBI hikes threshold for bulk fixed deposit to Rs 3 crore from Rs 2 crore
Bulk fixed deposits earn slightly higher interest rate than retail term deposits as banks offer different rates as part of their liquidity management exercise
 "RBI hikes threshold for bulk fixed deposit to Rs 3 crore from Rs 2 crore")
Assessing need for more measures to slow unsecured lending: RBI Guv Das
The Reserve Bank of India has warned lenders against "all forms of exuberance" due to worries about the rising risks
 "Assessing need for more measures to slow unsecured lending: RBI Guv Das")
RBI keeps repo rate unchanged, hikes FY25 GDP growth forecast: Details here
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
 "RBI keeps repo rate unchanged, hikes FY25 GDP growth forecast: Details here")
RBI monetary policy: When and where to watch the governor's announcement?
RBI Monetary Policy Committee meeting LIVE updates: Economists expect the central bank to maintain the repo rate at 6.5 per cent for the eighth consecutive time
 "RBI monetary policy: When and where to watch the governor's announcement?")
RBI MPC June meeting underway: It's goal, members; everything explained
The RBI MPC is entrusted with the responsibility of monetary policy in India with the primary objective of maintaining price stability while keeping in mind the objective of growth
 "RBI MPC June meeting underway: It's goal, members; everything explained")
RBI may keep interest rates on hold as slim Modi win boosts fiscal risks
Economists had already been pushing their forecasts for rate cuts to later in the year, predicting the RBI won't move until the US Federal Reserve pivots
 "RBI may keep interest rates on hold as slim Modi win boosts fiscal risks")
RBI Monetary Policy June 2024: Check date, time and what to expect
RBI Policy: The six-member committee tasked with setting India's benchmark interest rate, the repo rate, will meet from June 5 to June 7
 "RBI Monetary Policy June 2024: Check date, time and what to expect")
RBI's Monetary Policy Committee second meeting of FY25 from June 5-7
A poll by Bloomberg revealed that economists expected the India's central bank to maintain the repo rate at 6.5 per cent for the eight consecutive time