Page 11 - Shaktikanta Das

India building up gold reserves as part of forex deployment: RBI Guv Das

Reserve Bank Governor Shaktikanta Das on Friday said India has been building up gold reserves as part of its forex deployment. "We are building up gold reserves that is a part of our reserve deployment," Das told reporters at the customary post-policy review press conference here. He did not give any specifics on the quantum of gold buys, but pointed to the official data which shows an increase in the value of gold reserves. As per official data, the value of gold in the forex reserves stood at USD 51.487 billion as on March 22, which is USD 6.287 billion higher than the value as at end-March 2023. As per a recent news report, RBI bought 8.7 tonne of gold in January alone which is the highest in two years. The central bank's gold holdings had touched 812.3 tonne at the end of January from 803.58 tonne in the preceding month, as per the World Gold Council. The price of gold has also seen a rally over the last few months. Earlier in the day, Das announced that the overall forex ..

RBI monetary policy highlights: Last mile of disinflation is always challenging, sticky, says Governor Das

RBI MPC highlights: Catch all the highlights related to RBI's Monetary Policy Committee announcements here

RBI MPC: Here are the major announcements made by Governor Shaktikanta Das

The Reserve Bank of India put the estimated real GDP growth for FY25 at 7 per cent

Inflation targeting framework is the focus: RBI governor Shaktikanta Das

The RBI projects CPI will be 4.5 per cent for the whole year, and growth will be 7%

RBI MPC FY25: Repo rate kept unchanged at 6.5% for seventh consecutive time

The RBI MPC has also decided to keep its stance of "withdrawal of accommodation" unchanged with a majority of 5-1

RBI MPC: Indian bond yields expected to be steady ahead of announcement

Das stressed that RBI may consider rate cuts only once retail inflation eases towards the RBI's 4% target on a sustainable basis

First FY25 RBI MPC meeting: When, where to watch RBI governor's speech

RBI monetary policy: The MPC decision will be announced by Shaktikanta Das at 10 am on Friday, followed by a press conference at noon

First RBI MPC meet for FY25 starts today: Here is all you need to know

RBI Policy Meet: Experts believe the RBI will keep the repo rate unchanged at 6.5% and focus on bringing inflation towards the 4% target

RBI has transitioned into being enabler for market economy: Shaktikanta Das

Shaktikanta Das stated that the RBI has evolved from a central bank focused on resource allocation during the planning era to an enabler for the market economy

RBI is evolving with time, in sync with emerging trends

April 1, 2024 marks the 90th year since the Reserve Bank of India commenced its operations.

RBI's journey of 90 years: The building of India's financial fortress

Prime Minister Narendra Modi will join the commemoration at the National Centre for Performing Arts in Mumbai

RBI board reviews domestic economic situation, outlook and challenges

The Reserve Bank of India's (RBI) central board on Friday reviewed the domestic economic situation and outlook, including the challenges posed by the global financial market volatility. The board also approved the bank's budget for the accounting year 2024-25, the central bank said in a statement. The 607th meeting of the Central Board of Directors of the RBI took place in Nagpur under the chairmanship of Governor Shaktikanta Das. "The Board reviewed the global and domestic economic situation and outlook, including the challenges posed by geopolitical developments and global financial market volatility," the RBI said. Further, the board also discussed the RBI's activities, including the progress made in digital payments, consumer education and awareness during the current accounting year 2023-24. Directors of the central board Satish K Marathe, Revathy Iyer, Sachin Chaturvedi, Venu Srinivasan, and Ravindra H Dholakia attended the meeting. Deputy governors Michael Debabrata Patra,

Sebi directs mutual funds to stop inflows into ETF-based overseas schemes

Sebi and some of the MFs have made representations to the Reserve Bank of India (RBI) seeking new limits but the central bank is yet to take a call

As regulatory regime tightens in country, fintech has a long march

Pressure is mounting on companies to get cracking on corporate governance with top-class independent directors on their boards

RBI, Bank Indonesia agree to use local currencies for bilateral trade

This framework would enable exporters and importers to invoice and pay in their respective domestic currencies, which in turn would enable the development of an INR-IDR foreign exchange market

Indian economy likely to grow close to 8% in FY24, says RBI Governor

RBI governor says 85% Paytm wallet users won't face disruption

85% of Paytm wallet users unaffected, rest to link apps to banks: RBI Guv

As many as 80-85 per cent Paytm wallet users will not face any disruption because of regulatory actions, and the remaining users have been advised to link their apps to other banks, RBI Governor Shaktikanta Das said on Wednesday. The Reserve Bank of India on January 31 barred Paytm Payments Bank Ltd (PPBL) from accepting deposits, credit transactions, or top-ups in any customer accounts. The deadline for linking the wallet attached with PPBL with other banks has been fixed for March 15, the governor said, ruling out any further extension. The time given up to March 15 is sufficient and there is no need for further extension, he said, adding that 80-85 per cent Paytm wallets are linked to other banks, and the remaining 15 per cent have been advised to move on to other banks. He said that the RBI has taken action against a regulated entity, which in this case is PPBL and has nothing against Fintech companies. Instead, Das stressed that the RBI favours innovation in the financial ...

Annual GDP growth for current FY could be very close to 8%: RBI chief Das

Das said rural demand had been improving and was much stronger than a year ago, while urban demand continued to be very strong

Interoperability of internet banking system in 2024: RBI's Shaktikanta Das

Shaktikanta Das said there's considerable scope for expanding digital payments

Liquidity deficit narrows to less than Rs 1 trn as govt spending picks up

Liquidity may not improve immediately as tax outflows of around Rs 1.25 trn are scheduled in March, says one expert