Friday, March 06, 2026 | 05:23 PM ISTहिंदी में पढें

Page 19 - Rbi Governor

Bill Gates visits RBI office in Mumbai, holds talks with Shaktikanta Das

Microsoft co-founder Bill Gates on Tuesday visited the Reserve Bank of India (RBI) office in Mumbai, where he held wide-ranging discussions with Governor Shaktikanta Das.

Updated On : 28 Feb 2023 | 4:59 PM IST

Not sufficient emphasis on jobs in FY24 budget, Ex-RBI Governor Subbarao

Former RBI governor D Subbarao on Thursday said there was not 'sufficient emphasis' on jobs in the Budget for 2023-24 and it failed to grapple with the unemployment problem head on, except to believe that growth itself will generate jobs. Subbarao noted that the unemployment problem was quite bad even before the Covid and it has become alarming as a result of the pandemic. "I was disappointed that there was not sufficient emphasis on jobs (in the Budget for 2023-24) ...mere growth will not do; we need job intensive growth," he told PTI in an interview. The former RBI governor was asked what was his biggest disappointment with the Budget. According to Subbarao, roughly a million people join the labour force every month and India is not able to create even half as many jobs. "As a result, the unemployment problem is not just growing but is becoming a crisis," he pointed out. While noting that there is no single or simple solution to problem as big and complex as unemployment, Subba

Updated On : 23 Feb 2023 | 4:45 PM IST

No proposal to increase overseas investment limits for MFs: RBI Governor

There is no proposal to increase the overseas investment limits for domestic mutual funds at the moment, Reserve Bank Governor Shaktikanta Das said on Wednesday. Speaking to reporters at the customary post-policy review press conference, Das acknowledged that there have been requests from mutual funds and other market players for relaxations of the limits. "We have examined that. But we have not taken a positive decision on it yet. There is no proposal to increase the limits at the moment," Das said. Deputy Governor T Rabi Sankar said the same issue had come up a year ago as well and it was decided to maintain the status quo then. It can be noted that there is an overall industry-level limit of USD 7 billion for mutual funds. The RBI regulates the fund inflows and outflows into the country. Capital markets regulator Sebi had in June last year permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of USD 7 billion after a correction in stocks.

Updated On : 08 Feb 2023 | 5:43 PM IST

One client will not affect Indian banking system: RBI Guv on Adani row

An individual client -- Adani Group -- will not bring down the Indian banking system as the country's banking sector is resilient and strong, Reserve Bank of India (RBI) Governor Shaktikanta Das said.

Updated On : 08 Feb 2023 | 4:26 PM IST

Amid Adani Group's turmoil, RBI chief says Indian banking system stronger

Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger "to be affected by a case like this" in reference to the developments at Adani Group. Concerns have been raised in various quarters about Adani Group companies, including about the exposure of lenders to the conglomerate, in the wake of an adverse report by US-based short seller Hindenburg Research that also triggered a massive sell-off in the shares of the companies. To queries related to the Adani Group, Das said the Reserve Bank of India (RBI) has made its own assessment to come out with the statement on Friday, where it termed the banking sector as strong and resilient. "The strength, size and the resilience of the Indian banking system now are much stronger and larger to be affected by a case like this," Das said without directly mentioning about the Adani Group. He was responding to a query on whether the RBI will be giving an