Page 22 - Shaktikanta Das

RBI monetary policy: Will the central bank hike repo rate again tomorrow?

RBI MPC: If the RBI announces another rate hike tomorrow, it will take the repo rate to the highest level since April 2016, when it was 6.75 per cent

RBI has a responsibility to promote sustainable economic growth: DG Rao

Says banks have a role to play by making finance available to incentivise sustainable initiatives

Governor Das calls for augmenting computing infrastructure of RBI

Reserve Bank Governor Shaktikanta Das on Wednesday stressed the need for augmenting the central bank's existing computing infrastructure supported by cutting-edge facilities for research and capacity building in emerging areas. In his remarks after laying the foundation stone for a greenfield data centre and enterprise computing & cybersecurity training institute in Bhubaneswar, Das acknowledged the critical role played by technology in supporting the activities of the financial sector and RBI over the years and recently, in facilitating a robust recovery from the pandemic. "He highlighted the need for augmenting the existing computing infrastructure of the RBI supported by cutting-edge facilities for research and capacity building in emerging areas straddling central banking, technology and cybersecurity for a future ready RBI," an official release said. The new data centre and the training institute spread over 18.55 acre, when commissioned, will cater to the emerging ...

RBI to start new data centre, governor stresses on tech, cybersecurity role

Shaktikanta Das lays foundation of the new greenfield data centre and enterprise computing and cybersecurity training institute in Bhubaneshwar

Indian banking system is stable, resilient: RBI governor Shaktikanta Das

Highlighting the developments in the United States banking system over the past weeks, wherein few banks have gone belly up, RBI Governor Shaktikanta Das said

Banking system remains stable, resilient: RBI governor Shaktikanta Das

RBI governor Das cautions banks against any build-up of asset-liability mismatches

'Governor of the Year' award for RBI Guv matter of immense pride: PM Modi

Prime Minister Narendra Modi said on Thursday that it was a matter of immense pride for the country that RBI Governor Shaktikanta Das has been awarded the 'Governor of the Year' award for 2023 by international publication Central Banking. The award, announced on Wednesday, recognised Das for captaining the financial markets through the turbulent periods of the COVID-19 pandemic and the crippling impact of the Ukraine war. Modi tweeted, "It is a matter of immense pride for our country that the RBI Governor, Shri Shaktikanta Das Ji has been conferred with the 'Governor of the year' Award in the Central Banking Awards 2023. Congratulations to him." Awarding 66-year-old Das, who is into his second term at the Mint Road, the publication said the governor helped manoeuvre the ship as it faced multiple obstacles since his appointment in December 2019, the pandemic and the Russia-Ukraine war being the two major tests.

Central Banking publication names Shaktikanta Das governor of the year

It says Das faced many challenges; he was a 'voice of calm' amid Covid-19 crisis

Inspection & supervision: RBI dons new clothes

The Reserve Bank has not changed the objectives of supervision but how it supervises the system. And, the change is dramatic

Shaktikanta Das, Bill Gates discuss financial inclusion, microfinance

"Mr Bill Gates visited RBI Mumbai today and held wide ranging discussions with Governor Shaktikanta Das," the RBI said on its official Twitter handle

Bill Gates visits RBI office in Mumbai, holds talks with Shaktikanta Das

Microsoft co-founder Bill Gates on Tuesday visited the Reserve Bank of India (RBI) office in Mumbai, where he held wide-ranging discussions with Governor Shaktikanta Das.

India's G20 presidency received strong support for all our priorities: FM

Finance Minister also said that she is grateful for the USA and UK, who were very supportive of the global coordination framework, particularly on the crypto

G20 nations must address challenges faced by global economy, says RBI Guv

RBI Governor Shaktikanta Das on Friday called upon G20 nations to resolutely address the challenges, like threats to financial stability and debt distress that confront the global economy. Addressing the inaugural session of the meeting of G20 finance ministers and central bank governors, Das said although the outlook for the global economy has improved in recent months and there is now greater optimism that the world may avoid a deep recession and only experience slow growth or softer recession,"yet uncertainties lie ahead of us." "Together we must resolutely address the challenges that confront us, including those that are of medium to long-term nature such as threat to financial stability, debt distress, climate finance, fractures in global trade and strains on global value chains. We must promote greater global economic cooperation and position the global economy on a trajectory of strong sustainable balanced and inclusive growth," Das said. This is the first meeting of the ...

RBI MPC minutes show deepening concerns over inflation pressures

Disinflation can't rely only on food, must be firm in inflation fight, says RBI Das

SBI loans to get costlier as bank hikes key lending rate; Details here

Following the RBI MPC's repo rate hike earlier this month, many banks like Bank of Baroda, Bank of India, and Punjab National Bank have also hiked their key lending rates

Companies get bank loans based on fundamentals, not m-cap: RBI Governor Das

Exposure of domestic banks to the shares of Adani Group is insignificant: DG Jain

25 bps hike: No change in stance, par for the course

One cannot completely rule out the possibility that the pause button would be pressed at the next MPC meet. Future actions, both for policy rate and stance, will depend on evolving data

MeitY only wants apps not run by regulated firms removed: RBI Dy Governor

Says central bank merely provided ministry a list of apps operated by regulated entities, had not suggested any ban

MPC meet: No change in stance, RBI hints at more policy rate hikes

Policy rate increased by 25 bps to a 4-year high of 6.5%

RBI's approach to help set stage for a soft landing

The RBI's caution on inflation and its relatively hawkish position demonstrate its steadfast commitment to achieving the inflation target of 4%