Page 22 - Rbi Governor

Early assessment of banking sector health encouraging: RBI deputy guv

"The asset quality of banks has improved and the gross NPAs and net NPAs of the banks have improved from the pre-pandemic levels," Rao said

RBI prioritising inflation over growth to maintain price levels: Official

The Reserve Bank of India is prioritising inflation over growth, which is manifested by the recent hikes in repo rate, an official of the central bank said on Friday. Speaking at an interactive session organised by the Merchants' Chamber of Commerce and Industry here, he also said financial markets across asset classes and geographies witnessed unprecedented volatility during the past two years due to the COVID-19 pandemic. "Central banks across the globe will raise interest rates in future owing to much higher than expected inflation. This is a major risk, said Radha Shyam Ratho, Executive Director, RBI. He said the RBI is giving priority to inflation over growth so that the level of price rise remains within targets without affecting growth. The apex bank had recently raised the interest rate by 50 basis points to a two-year high of 4.9 per cent. The rate hike came on the back of a 40 basis-point increase effected at an unscheduled meeting on May 4. Ratho said the bond market h

Expect current account deficit to remain at sustainable level: RBI Governor

The current account deficit (CAD) will remain at a sustainable level and the normal flows will help the Reserve Bank of India (RBI) to finance it, Governor Shaktikanta Das said on Wednesday. He also said the Indian economy is well placed to deal with geopolitical challenges. "We expect the current account deficit to remain at sustainable level and the normal flows will enable us to meet the financing of the current account deficit," Das told reporters during the post-policy press conference. The country's current account deficit increased to USD 23 billion, or 2.7 per cent of GDP, in the third quarter of FY 2021-22 from USD 9.9 billion or 1.3 per cent of GDP in the second quarter and USD 2.2 billion (0.3 per cent of GDP) in Q3 of fiscal 2020-21. The widening of CAD in Q3 FY22 was mainly on account of higher trade deficit. Das said there has been a rise in exports and imports. "Higher exports are the good signs of the economy. Higher imports also augur well and it means that there

I am sure govt is mindful of inflation situation: RBI Governor Das

RBI Guv Shaktikanta Das on Wednesday said the govt is "mindful" of the current inflation situation, and it is up to the Centre to take further supply-side measures to contain the price rise situation.

Ahead of consultation paper, RBI DG says CBDCs can kill case for cryptos

Ahead of the government coming out with a consultation paper on cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Thursday said the soon-to-be-introduced CBDCs can kill crypto prospects

Top headlines: RBI Governor on rate hike in June; metal stocks bleed

Business Standard brings you the top headlines on Monday

Remain watchful of recent geo-political developments: RBI Governor to banks

Urges lenders to take appropriate measures, including raising of capital, to shield their balance sheet against any potential impact these events might have

What explains RBI's 'near-unanimous' inaction even as inflation was rising?

For the RBI, a correct reading of its mandate would have been that the inflation target is 4%, not 6%. And action to raise interest rates should have begun last year, writes T N Ninan

Repo rate hike to liquidity surplus, here're the key parameters of RBI MPC

The MPC is faced with the grim prospect of missing its inflation mandate - which is to maintain average inflation between 2-6% for three consecutive quarters

Inflationary pressures likely to continue on geopolitical tensions: RBI

The adverse effects of the unprecedented high global food prices due to the ongoing geopolitical situation is reflecting in the domestic market as well

Rate hike impact: Rate sensitive shares tumble as RBI ups rate by 40bps

At 02:27 PM: Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Auto and Nifty Auto index were down between 1.3 per cent and 2 per cent on the NSE.

Quantum, timing of RBI rate hike has surprised the markets: Analysts

In the last policy meeting in April, the monetary policy committee (MPC) of the RBI had shifted its focus to tackle the rising inflation in India after the Russian invasion of Ukraine

Indian economy in good shape on high GDP growth, says Bimal Jalan

Notwithstanding economic uncertainties triggered by the Russia-Ukraine war that is also impacting the global supply chain, Jalan said it is not going to affect India's economic performance

A Panglossian countenance on inflation

Central bank communication had moved decisively from "secrecy" to "transparency and accountability" over the decades.

No prospect of Indian economy falling into stagflation vortex: RBI Governor

Shaktikanta Das was also quick to add that he expects retail inflation to moderate going forward

Decision on issuance of green bonds next month, says RBI Governor

The Budget had indicated that green bonds are part of the overall borrowing for the next financial year

Momentum of inflation on downward slope, says RBI Governor Shaktikanta Das

The Reserve Bank's inflation projections, Das said, are "robust" but contingent on downside and upside risks associated with the movement of global crude oil prices

Jan retail inflation likely rose to 6%, but no cause for panic: RBI Guv

There's a sort of major delicate balance between inflation and growth and the Reserve Bank is fully aware of its commitment to inflation, says Shaktikanta Das

Monetary and fiscal policies cannot be a 'question of either or': Das

'Our assessment and the resultant policy move are fully-geared by the evolving domestic inflation and growth scenarios'

Cautiously progressing to introduce CBDC; do not want to rush it: RBI Guv

In her Budget 2022-23 speech, Finance Minister Nirmala Sitharaman had announced that the RBI will introduce a digital currency in the next financial year beginning April 2022