Page 12 - Shaktikanta Das

Financial markets must play long term, like Rahul Dravid: Shaktikanta Das

Das spoke on a host of issues: talent retention and salaries of bank chief executives, potential risks to growth, cryptocurrencies, corporate governance and internationalisation of the rupee

The Das approach: The RBI governor does what he does, and listens too

As RBI Governor Shaktikanta Das is accessible and pragmatic, he is also a reformer who stands his ground

International mutual fund schemes see fresh round of restrictions

Nippon India, Mirae Asset stop taking fresh investments in their international schemes

Premature move on monetary policy could hurt inflation efforts: RBI Guv

The Reserve Bank of India's job to bring down inflation is not over, and any premature move on the policy front could undermine the success achieved so far on the price situation, according to RBI Governor Shaktikanta Das. According to the minutes of the February Monetary Policy Committee (MPC) meeting released by the central bank on Thursday, Das had said at this juncture, monetary policy must remain vigilant and "not assume that our job on the inflation front is over". He stressed that the MPC must remain committed to successfully navigate the "last mile" of disinflation that can be sticky. Das made the remarks while voting for status quo in the key interest rate earlier this month. "As markets are front-running central banks in anticipation of policy pivots, any premature move may undermine the success achieved so far," the governor said, as per the minutes.

Govt appoints non-executive chairmen in Bank of India, IOB, Uco Bank

Ex-LIC head MR Kumar appointed as non-exec chairman of Bank of India

FSDC meet discusses ways for simplification, digitisation of KYC process

Take more steps to curb illegal lending apps: FM

Indian banks' rush for clients set for reckoning after Paytm fiasco

India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank

Green capital flows into emerging mkts must be bolstered: RBI governor

Vigilant in navigating final stretch of disinflation: Das

RBI Governor asks bank CEOs to maintain vigil around risks build-up

Das also highlighted the issue of high growth in personal loans, which has been an outlier among other categories. He also talked about banks' exposure to non-banking finance companies

No review of action on Paytm Payments Bank: RBI governor Shaktikanta Das

Says the decision was made after a thorough evaluation of its operations

RBI Guv rules out possibility of review in action taken against Paytm PB

Reserve Bank of India Governor Shaktikanta Das on Monday said there was "hardly any room" to review the action taken against Paytm Payments Bank. In a major action against Paytm Payments Bank (PPBL), RBI, on January 31, directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTTags and other instruments after February 29. Talking to reporters in the national capital on Monday, Das said there was "hardly any room" to review the action taken against Paytm Payments Bank. He also said that RBI takes action against regulated entities only after a comprehensive assessment. While emphasising that RBI is supportive of the fintech sector, Das said it is also committed to protect the interest of customers as well as ensure financial stability. The central bank is expected to soon issue a set of FAQs (Frequently Asked Questions) on the Paytm matter.

FM Nirmala Sitharaman addresses Reserve Bank of India board of directors

The Board also reviewed the global and domestic economic situation and outlook, including the challenges posed by geopolitical developments and global financial market volatility

RBI to meet NHAI, NPCI to discuss rescue plan for Paytm PB users: Report

NPCI oversees the United Payments Interface payments, and NHAI operates the FASTag service

Monetary policy: RBI dashes early rate-cut hopes, maintains status quo

RBI says lending rates not hiked enough

Monetary policy: New rules for verification of digital payments on cards

Measures to address frauds in the financial system

RBI policy: Stance in terms of rates, transmission incomplete, says Das

Das had clarified the RBI would try to keep liquidity at a level wherein the overnight call rate, the operating target of the monetary policy, remained around the repo rate

Have to remain vigilant about incoming data and outlook, says RBI

RBI governor Shaktikanta Das responded to a range of issues during the post policy media interaction

A pragmatic policy

Growth prospects are robust domestically. Key drivers on the demand side, household consumption will improve further, while prospects of fixed investment remain bright

RBI MPC: Repo rate kept at 6.5%; Q4FY24 inflation forecast lowered to 5%

RBI policy meet: The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged

PPBL crisis: We give enough time to comply with rules, says RBI Governor

Paytm Payments Bank crisis: Das said, 'The RBI is and will continue to encourage and support innovation and technology in the financial sector'