Page 16 - Shaktikanta Das

Save the date: It's time for India's biggest BFSI Summit of the year

RBI Governor Shaktikanta Das could speak about the central bank's constant vigil on inflation and the way forward

CBDC pilot projects show promising results: RBI governor Shaktikanta Das

Furthermore, Das said that the ongoing conflict in Ukraine has significantly influenced the central bank's recent strategies in combating inflation

Top-flight PSB boards needed for resilience

Asset quality of lenders has improved, but financial resilience in a system is best built in good times. It is time for the RBI to press the governance accelerator

Many faces of OMO

The OMO sale is quite an innovative way to address the concerns around currency

Weekend Bites: More trouble in IT paradise, RBI's plans, and taxing expats

In which we munch over the week's platter of news and views

RBI Governor Shaktikanta Das sticks to stand on crypto assets ban

G20 recently adopted road map on such assets

RBI Governor Shaktikanta Das cautions against large supply shocks

External member Goyal says increase risk weight, LTV rather interest rates to restrain over-enthusiasm

Monetary policy ought to remain actively disinflationary: RBI Governor Das

Reserve Bank Governor Shaktikanta Das on Friday stressed that the monetary policy must remain actively disinflationary to ensure that the decline in inflation from its peak of 7.44 per cent in July continues smoothly. Addressing the Kautilya Economic Conclave 2023, he also said price stability and financial stability complement each other and it has been an endeavour at RBI to manage both efficiently. Retail inflation declined to a three-month low of 5.02 per cent annually in September on account of moderation in vegetables and fuel prices, and was back within the Reserve Bank's comfort level. The inflation based on Consumer Price Index (CPI) was 6.83 per cent in August and 7.41 per cent in September 2022. In July, inflation touched a peak of 7.44 per cent. The Reserve Bank has raised the key policy rate (repo) by 250 basis points since May 2022 to tame inflation. However, it pressed the pause button on rate hike in February this year. "We have maintained a pause on policy rate. S

US should rethink currency manipulator list: RBI governor Shaktikanta Das

There has to be a two-sided appreciation of the challenges" emerging markets face dealing with spillover effects of advanced economy policies, said

Banking system liquidity bounces back to surplus after three weeks

The RBI Governor, Shaktikanta Das, had said on Friday that the central bank might conduct open market operations to mop up excess liquidity

FM to attend World Bank-IMF meet, G20 FMBCBG in Morocco from Oct 11

Finance Minister Nirmala Sitharaman will embark on a six-day official visit on Tuesday to Marrakech, Morocco, to attend the World Bank-International Monetary Fund annual meet, along with the G20 FMCBG meeting. Besides, bilateral meetings with Indonesia, Morocco, Brazil, Switzerland, Germany and France are scheduled to take place on October 11-15, 2023, in Marrakech. The Indian delegation for the annual meetings will be led by the Finance Minister, and comprise officials from the Ministry of Finance and the Reserve Bank of India, an official statement said on Monday. During the visit, it said, Sitharaman and RBI Governor Shaktikanta Das will co-chair the fourth G20 Finance Ministers and Central Bank Governors (FMCBG) meeting. The G20 FMCBG meeting under India's presidency will witness the participation of 65 delegations from G20 countries, invitee countries, and international organisations in multilateral discussions centred around a broad spectrum of important global issues, it ...

Select unsecured loans up by nearly Rs 7 trillion since 2019, shows data

Value has nearly doubled in the period after the Covid-19 pandemic

Call money rates may ease after RBI guv Das urges to lend in overnight mkt

The SDF rate is 6.25 per cent, which is lower than the call money rate

RBI MPC meet: How many Rs 2,000 bank notes are still in circulation?

Das said that it will 'actively' manage the liquidity in the economy. The central bank will undertake open market operations to do so

RBI to issue framework for SRO recognition for regulated entities

Regulator will also harmonise rules for internal ombudsman mechanism of REs

Monetary policy: RBI expects banks to fully transmit rate-hike impact

Market participants believe that the transmission did not occur because surplus liquidity in the banking system remained high due to several reasons, including the withdrawal of the Rs 2,000 banknote

Monetary policy review: We use one stone to kill one bird, says RBI

There are several moving parts in the whole liquidity scenario. We will watch the evolving trends and notify as and when necessary: Das

Monetary policy review: RBI keeps OMO sword hanging on bond market

The central bank has not given any timeline for OMO sales and said it would depend on the ongoing liquidity situation

India poised to become new growth engine of world, says RBI Governor

India is poised to become the new growth engine of the world, Reserve Bank of India Governor Shaktikanta Das said on Friday as the central bank retained the country's GDP growth forecast at 6.5 per cent for 2023-24, notwithstanding the slowing global economy. Invoking Kautilya's Arthashastra, Das said macroeconomic stability and inclusive growth are the fundamental principles underlying a country's progress. "The policy mix that we have pursued during the recent years of multiple and unparalleled shocks has fostered macroeconomic and financial stability," he said, while unveiling the bi-monthly monetary policy review. He said the external sector also remains eminently manageable. Das further said the twin balance sheet stress that was encountered a decade ago has now been replaced by a twin balance sheet advantage with healthier balance sheets of both banks and the corporate. "India is poised to become the new growth engine of the world," he said, observing the global economy is ..

No major problem with central govt finances: RBI governor Shaktikanta Das

Governor Shaktikanta Das on Friday said the RBI does not see "any major problem" or any other worries with the central government finances. The government has promised to stick to the fiscal deficit targets laid down in the budget as part of the consolidation roadmap, Das told reporters at the RBI headquarters at the customary post-policy press conference. Replying to a specific question on the state of government finances, Das said, "So far as central government finances are concerned, I do not see any major problem or anything that you know that worries the central bank". He said the government is, by and large, sticking to the fiscal consolidation roadmap after the end of the pandemic, which had seen some expansion because of the high spending. Even during the pandemic, the government's spending was "calibrated and targeted", Das noted. "After the pandemic, the government has announced a fiscal consolidation roadmap. And by and large, they're sticking to that," he said. The ..