In April, the six-member monetary policy committee had voted unanimously for a status quo on the key rates
Despite admitting to price pressures both from food items and input prices, RBI Governor Shaktikanta Das hoped that a normal Southwest monsoon will have a "soothing impact" on inflation pressures
Reserve Bank is running some of its key operations from a 250-member-strong quarantine centre -- a souped-down version of war-room it had set up in mid-March last year, says Governor Shaktikanta Das
The RBI has announced a few steps to encourage small finance banks (SFBs) to increase the credit flow to small borrowers
Unless the Reserve Bank comes forward and helps banks to handhold the MSME borrowers, bad loans will swell in the September quarter
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Narasimham also founded the credit planning cell in RBI, which became the monetary policy department
What really became the centerpiece of the policy outcome was the announcement of the secondary market G-sec acquisition programme which the bond market needed the most
The Reserve Bank of India has retained the economic growth projection for the current financial year at 10.5%. In a statement after the first Monetary Policy Committee (MPC), RBI Governor Shaktikanta Das said the recent surge in Covid-19 infections adds uncertainty to the domestic growth outlook amidst tightening of restrictions by some state governments. In this comprehensive video, we have compiled all the important announcements in eleven different points. Watch it now.
The Reserve Bank of India (RBI) has expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat to growth due to the resurgence of coronavirus cases. The Monetary Policy Committee (MPC) also kept its estimate for economic growth unchanged at 10.5 per cent for the current fiscal. Watch the video for the major highlights of RBI Governor Shaktikanta Das's statement on policy.
Chakrabarty was the deputy governor of the central bank between June 15, 2009 and April 25, 2014 when he left office three months before to his term ended
The sector has been rendered vulnerable by the pandemic necessitating concerted effected effects to combat the stress and focus on the revival of the sector
Das said the momentum is likely to sustain
This is the fourth time in a row that MPC has decided to keep the policy rate unchanged at 4%. The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
RBI governor warned earlier this week about the rally, citing the disconnect between the markets and the economy as well as expectations that bad-loan ratios at lenders will almost double this year
Economists praise Shaktikanta Das for his pragmatism and willingness to face challenges head on
Reserve Bank Governor on Friday said growth rate is likely to turn positive in the second half of the current financial year.
Shaktikanta Das said that monetary policy guidance in October emphasised the need to see through temporary inflation pressures
Reserve Bank of India Governor Shaktikanta Das said he has turned coronavirus negative and will join office next week
He was speaking at a panel discussion organised by the central bank as part of the ''Vigilance Awareness Week 2020''