Page 24 - Shaktikanta Das

Indian economy resilient in face of global headwinds, says RBI Governor

Amid global shocks and challenges, the Indian economy presents a picture of resilience and the regulators are ready to take appropriate actions to preserve financial stability, RBI Governor Shaktikanta Das said on Thursday. In his foreword to the 26th Financial Stability Report (FSR), Das said the international economic order stands challenged and financial markets are in turmoil due to monetary tightening in most parts of the world. Food and energy supplies and prices are under strain, debt distress is staring at many emerging market and developing economies, and every economy is grappling with multiple challenges, he said. "Amidst such global shocks and challenges, the Indian economy presents a picture of resilience. Financial stability has been maintained. Domestic financial markets have remained stable and fully functional. The banking system is sound and well-capitalised," Das said. In spite of formidable global headwinds, he said that India's external accounts remain ...

Best of BS Opinion: Realities of aviation, biodiversity targets, and more

Here is the best of Business Standard's opinion pieces for today

Costs and benefits

Cryptos are speculative but underlying tech has merits

I'm sometimes reminded I'm supposed to have done history; I don't mind: Das

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

TMS Ep330: SEBI on buybacks, BFSI Insight Summit, dairy stocks, Matter

Will Sebi's latest decisions enhance value for shareholders? Why is the RBI Guv worried about cryptocurrencies? Will the dairy sector see margin relief in FY23? What is Matter? All answers here

Why is the RBI Guv worried about cryptocurrencies?

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

Best of BS Opinion: Covid's China syndrome, hedging risks, and more

Here is the best of Business Standard's opinion pieces for today

Elections not a factor for monetary policy: RBI governor at BFSI Summit

Direction and speed of inflation important, not just number: Shaktikanta Das

BFSI Summit: Credit growth not exuberant, shows economic strength, says Das

'Loan-deposit growth gap due to base effect; high-frequency indicators in green zone'

Next financial crisis will come from crypto: RBI Guv Das at BFSI summit

Business Standard BFSI Insight Summit 2022: Das said that these currencies have "no underlying whatsoever" and pose a threat to macroeconomic stability

MPC members voice different views on interest rate and stance: RBI minutes

Governor Das said due to persistent core inflation, there is no room for complacency and the battle against inflation is not over

RBI governor Shaktikanta Das against pausing rate hikes: MPC minutes

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

Business Standard's BFSI Insight Summit kicks off today

RBI Governor Shaktikanta Das will share his views on key aspects of the economy in a fireside chat

BS BFSI Insight Summit 2022: Fireside chat with RBI Guv Shaktikanta Das

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

BS BFSI Insight Summit: India's biggest BFSI Summit to kick off on Dec 21

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

Liquidity slips into deficit; RBI cash injections at over one-month high

Tax outflows drive tightness; banks face pressure to raise deposit rates

Looking back at 2022: RBI's regulatory review 2.0 is a game-changer

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

Four years and four challenges of RBI governor

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

RBI advises fintechs to focus on governance, data protection issues

Das advised fintechs to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation frameworks

RBI circular permits resident entities to hedge gold price risks at IFSC

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.