RBI Governor Shaktikanta Das on Wednesday replied to the 'history major central bank governor' taunt faced by him, questioning if Argentinian football legend Lionel Messi is also a post-graduate in history. An interviewer anchoring a fireside chat at a summit organised by Business Standard compared his position to an opponent facing Messi at a football arena in Qatar, to which Das replied with wit. "Don't mind it, but was Messi also a post-graduate in history? Not often, but I am sometimes reminded by people that I am supposed to have done history," Das said. Das, a bureaucrat who has done master's degree in history from Delhi University's St Stephen's College, was brought in as the RBI governor after the sudden exit of Urjit Patel in December 2018 following differences with the government. The first non-economist governor of the RBI in 28 years, Das recently completed four years at the helm, captaining the ship amid choppy waters and taking on crises like the Covid pandemic and th
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Business Standard's BFSI Insight Summit kicked off on Wednesday with a keynote fireside chat with the RBI Governor Shaktikanta Das, moderated by consulting editor Tamal Bandhopadhyay. Excerpts here
Here is the best of Business Standard's opinion pieces for today
Direction and speed of inflation important, not just number: Shaktikanta Das
'Loan-deposit growth gap due to base effect; high-frequency indicators in green zone'
Business Standard BFSI Insight Summit 2022: Das said that these currencies have "no underlying whatsoever" and pose a threat to macroeconomic stability
Governor Das said due to persistent core inflation, there is no room for complacency and the battle against inflation is not over
MPC minutes show Das saying that in a tightening cycle, especially in a world of high uncertainty, giving out explicit forward guidance on the future path of monetary policy would be counterproductive
RBI Governor Shaktikanta Das will share his views on key aspects of the economy in a fireside chat
Das as the RBI Governor is widely credited with having spearheaded RBI's proactive approach in handling the economic impact of the Covid-19 pandemic with 'whatever it takes' approach
The country's biggest BFSI Summit will feature some of the most prominent voices in India's economic landscape, including RBI Governor Shaktikanta Das, Deputy Governors, and SBI chairman
Tax outflows drive tightness; banks face pressure to raise deposit rates
It has taken nearly two decades for RRA 2.0 to be set up under Shaktikanta Das in November 2021; and its recommendations in June this year must surely go down as a major reform
Shaktikanta Das is nimble-footed and open to ideas - a trapeze artist, and a master of the finest balancing act who listens to all but takes his own decisions
Das advised fintechs to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation frameworks
The Reserve Bank on Monday permitted resident entities to hedge their exposure to price risk of gold on exchanges in the International Financial Services Centre (IFSC). Resident entities in India are currently not permitted to hedge their exposure to price risk of gold in overseas markets. "On a review, it has been decided to permit eligible entities to hedge their exposure to price risk of gold on exchanges in the IFSC recognised by the International Financial Services Centres Authority (IFSCA)," the RBI said in a circular. An announcement in this regard was made by Reserve Bank Governor Shaktikanta Das while unveiling the bi-monthly monetary policy last week. Hedging refers to the activity of undertaking a derivative transaction to reduce an identifiable and measurable risk.
Does sticky core inflation mean more rate hikes by RBI? Will a warm winter affect Indian farm output? Is it time to pick fixed-income securities? What is ELSS? Listen to this podcast to know
Main risk is core inflation remaining sticky: Governor
According to the RBI governor, persistent and sticky core inflation remains a cause for concern