Page 27 - Rbi Governor

FM Sitharaman to review state of economy at FSDC meeting on Nov 7

The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs, sources added.

US Treasury Secretary discusses economy with RBI Governor Shaktikanta Das

The two discussed "global and domestic macro-economic scenario in both countries and regulatory developments", according to an official statement from the central bank

Will safeguard depositors' interests, PMC Bank management assures RBI

Administrator J B Bhoria and his team met Shaktikanta Das and other senior officials on Wednesday to apprise them of the position of the bank after relaxation of the withdrawal limit to Rs 40,000

RBI governor Shaktikanta Das discusses rate transmission with PSBs

The RBI governor also reviewed the credit off-take situation prevailing in the economy amid a slowdown, said sources

Best of BS Opinion: The antibiotics challenge, warship woes, and more

Is size an advantage for pursuing the objectives of public sector banking? What is the role of India's financial sector in achieving the $5-trillion economy target? Alokananda Chakraborty sums up.

Room for rate cuts, not fiscal expansion, says RBI governor Shaktikanta Das

He was not willing to comment about the potential real interest rate of India that the central bank should fixate upon as the MPC cannot pursue multiple targets

Banks will have to take balanced call on NBFC crisis: RBI's Shaktikanta Das

It means the existing promoters should go for a stake sale, bring in new promoters or new money into their NBFCs

Room for more rate cuts but govt has little room for fiscal expansion: Das

"Despite rising external risks, domestic economy is resilient as foreign debt is only 19.7 per cent of GDP," said the RBI governor

Utilising RBI's revaluation balances a moral hazard: Bimal Jalan panel

The committee said it will become a precedent for using rupee depreciation to fund fiscal expenditure

Time to formally link rates to repo, says RBI Governor Shaktikanta Das

Shaktikanta Das likely to initiate required steps in coming weeks

The importance of being Acharya's successor

There have been many instances of the deputy governor in charge of monetary policy moving into the corner room in RBI

RBI Governor Shaktikanta Das takes public sector banks to task on rate cut

Das says banks must improve their recovery mechanism

Banks so far passed on only 29 bps to borrowers of RBI's 75 bps cuts: Das

He said banks have taken this stance despite financial markets, on which they depend for money, moving in tandem with the RBI actions and fully absorbing them rate cuts

Uncertain times ahead, EMs lack safety net: RBI governor Shaktikanta Das

The general government debt of AEs as a group has surpassed 100 per cent of gross domestic product (GDP), whereas the fiscal space is also constrained in many of these countries

Can't say when NBFC crisis will finish; trying to avoid contagion: RBI Guv

"We have to only see our domestic demand continues to be robust and ensure that there is a domestic demand revival and that remains strong"

The governor and the media

In India, always late to catch up, the 1980s continued along the old lines - near zero mention of the governor's name even when the RBI was being covered

RBI Governor Shaktikanta Das to meet MSME, NBFC representatives next week

Reserve Bank Governor Shaktikanta Das Wednesday said he will meet representatives of MSMEs and non-banking financial companies (NBFC) next week. A day after the RBI announced a one-time loan restructuring scheme for the MSME sector, Das in a tweet said, "Will hold meetings with MSME associations and representatives of NBFCs next week." The RBI's board in its crucial meeting held on November 19, 2018, had advised the central bank examine a scheme for the restructuring of stressed standard assets of MSME borrowers with aggregate credit facilities of up to Rs 25 crore, subject to such conditions as are necessary for ensuring financial stability. The liquidity problem in the non-banking financial companies and housing finance companies came to the fore after series of loan defaults by IL&FS, one of the largest NBFCs in the country. The government has superseded the board of IL&FS, and the debt-ridden company has already started the process to monetise its several assets.

Raghuram Rajan and Urjit Patel: Differing styles and a common mission

It is often difficult to separate the terms of the two RBI Governors, except that while Rajan was eloquent, Patel was quietly aggressive

Modi's cashflow woes get more bearable with new RBI governor in place

Getting the RBI to share its capital will help the government boost growth without missing its budget deficit goal of 3.3% of gross domestic product

Shaktikanta Das: New RBI Governor's journey from North Block to Mint Street

Mild-mannered, Shaktikanta Das is known to rarely lose his cool and focus mostly on looking at solutions through consensus