Page 19 - Rbi Governor

FSDC-SC resolves to remain vigilant against external vulnerabilities

RBI Governor Shaktikanta Das-headed Sub-Committee of the Financial Stability and Development Council (FSDC-SC) on Monday resolved to remain vigilant against any build-up in vulnerabilities in the financial system as well as in the broader economy amid uncertain global environment. With a view to strengthening and institutionalising the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting financial sector development, the FSDC was set up by the government as the apex level forum in December 2010. The FSDC Sub-Committee has been set up under the chairmanship of governor, RBI. It meets more often than the full Council. The Sub-Committee reviewed major global and domestic macroeconomic and financial developments, issues of inter-regulatory coordination relating to the Indian financial sector activities of various technical groups under its purview, the Reserve Bank said in a statement on 30th Meeting of the FSDC Sub-Committee. It also ...

UPI can play vital role as a global public asset: RBI Governor Das

RBI governor asks private sector to engage in provision of global public goods

Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%

CLOSING BELL ON AUGUST 10, 2023: Private bank and select auto stocks ended with notable losses after the RBI on Thursday asked banks to maintain Incremental Cash Reserve Ratio (ICRR) at 10 per cent.

RBI press conference LIVE: Currency circulation will pick up soon, says Guv

RBI MPC Meeting Live Updates: Governor Shaktikanta Das begins policy statement, catch all the latest updates here

Banks to begin reporting on new data warehouse CIMS: RBI Governor Das

Reserve Bank Governor Shaktikanta Das on Friday said commercial banks will first begin reporting on the central bank's latest next-generation data warehouse, the Centralised Information Management System' (CIMS), followed by urban cooperative banks and non-banking financial companies. Das was addressing the 17th statistics day conference at the RBI headquarters, which also marks the birth anniversary of Prof Prasanta Chandra Mahalanobis--the best-known mind in the field. Launching the new system he said the latest CIMS, which is the central bank's next-generation data warehouse, is starting with reporting by commercial banks which will be gradually extended to urban cooperative banks (UCBs) and non-banking financial companies (NBFCs). Das also said incidentally, with the CIMS going live, the first weekly statistical supplement, which is the RBIs weekly data release on its own operations and on developments in banking and financial markets, was compiled and processed in the CIMS for

The new world of public interest directors

In his twin interactions with bank boards, RBI governor did not ask them to maximise profits or shareholder value. He instead urged them to prioritise the stability and growth of the financial system

Top headlines: Go First lenders approve $55 mn infusion, Vi turnaround soon

Business Standard brings you the top headlines at this hour

RBI to engage external managers for very small part of FX reserves: Das

CBDC going to be future of money: RBI guv

RBI deputy governor Swaminathan Janakiraman gets supervision department

Swaminathan, a former managing director of State Bank of India, replaced M.K. Jain whose term ended on Jun 21

'RBI need not rush to ease rates unless certain of stable-low inflation'

Bhide's comments echo that of Governor Shaktikanta Das that a pivot can be considered when price-gains settle near the mid-point of its 2%-6% range on a durable basis

Govt appoints SBI MD Janakiraman as RBI deputy governor with 3-year tenure

First SBI MD to helm for the post in more than 20 years

Telangana High Court issues notice to RBI Governor in Mahesh Bank case

Directing that senior bank officials be consulted for policy decisions, the court said the move is to protect the interests of shareholders and to run daily operations

Raghuram Rajan under fire for his remarks on India; here's what he said

This is the second time in the last one week that Rajan's statements have led to his criticism

RBI Governor Shaktikanta Das named 'Governor of the Year' in London

The organisers of the award said that Das' tenure which began in 2018, has been marked by a series of grave challenges, starting with the collapse of a major non-banking firm

India will be among fastest growing economies in 2023: RBI Governor

RBI Governor Shaktikanta Das on Tuesday expressed confidence that India will be among fastest growing economies in the world in 2023 which would grow at the rate of 6.5 per cent in the current fiscal

RBI Monetary Policy set to be announced today; here's what to expect

RBI Monetary Policy: This will be the third time in 2023 that the MPC will announce its policy decision

RBI raises the governance premium for PSU banks on the road to 2047

The Governor of the RBI has for the first time provided a peek into the power structures within bank boards

Fintech companies in talks to decide on rules for self-regulation

The RBI proposed the creation of a self-regulatory organisation (SRO) in March during a conference hosted by the Department of Payment and Settlement Systems

Governor Das calls for augmenting computing infrastructure of RBI

Reserve Bank Governor Shaktikanta Das on Wednesday stressed the need for augmenting the central bank's existing computing infrastructure supported by cutting-edge facilities for research and capacity building in emerging areas. In his remarks after laying the foundation stone for a greenfield data centre and enterprise computing & cybersecurity training institute in Bhubaneswar, Das acknowledged the critical role played by technology in supporting the activities of the financial sector and RBI over the years and recently, in facilitating a robust recovery from the pandemic. "He highlighted the need for augmenting the existing computing infrastructure of the RBI supported by cutting-edge facilities for research and capacity building in emerging areas straddling central banking, technology and cybersecurity for a future ready RBI," an official release said. The new data centre and the training institute spread over 18.55 acre, when commissioned, will cater to the emerging ...

Govt invites application for RBI deputy governor post; M K Jain to retire

The finance ministry has initiated the process to appoint a new Reserve Bank deputy governor in place of MK Jain, whose extended term is coming to an end in June. The applicant should have an experience of 15 years in banking and financial market operations, said a public notice, indicating that candidates from the private sector will also be considered for the appointment. Traditionally, one of the four deputy governors is from the public sector banking industry. If the government decides to appoint someone from the private sector, it would be a first for the Reserve Bank of India. Jain, a senior public sector banker, was appointed deputy governor for an initial period of three years in 2018 and extended by another two years in 2021. The central bank has four deputy governors - two from within the ranks and one commercial banker and an economist to head the monetary policy department. "It may be noted that the Financial Sector Regulatory Appointments Search Committee (FSRASC) is