At the post policy meeting with media persons, Governor Das said, the investors who invest in cryptocurrencies should keep in mind that they are doing so at their own risk
RBI has the repo rate (the rate at which the RBI infuses liquidity into the system) and the reverse repo rate (the rate at which it sucks out liquidity) unchanged at 4 per cent and 3.35 per cent
The rates - whether repo or reverse repo - present a particular stance. They are reflective of the stance adopted by the RBI, said RBI Governor Shaktikanta Das
Rampant corruption, double digit inflation, policy paralysis were part of the dark age under Congress rule, says Sitharaman
In the previous fortnight ended January 14, bank credit had risen by 8.01 per cent and deposits by 9.28 per cent
RBI has been watchful of the impact of the pandemic on the banking and NBFC sectors when the effects of regulatory reliefs and resolutions fully work their way through said Shaktikanta Das
Here are the top headlines on Thursday
The rates represent a particular stance with regard to the monetary policy and the committee decided to continue with the accommodative stance, said RBI Governor Shaktikanta Das
RBI monetary policy 2022: 'India is charting a different course of recovery than the rest of the world, to be the fastest-growing economy,' says RBI governor
RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Thursday
The FSDC sub-committee reviewed the economic situation in the backdrop of the COVID pandemic and resolved to keep a close watch on the unfolding developments with a view to ensure financial stability
From crypto concerns to policy normalisation, deposit insurance, Shaktikanta Das' reappointment as RBI governor and Citi's India exit, here are the key developments in for the financial sector in 2021
Policy makers will stick to their resolve of keeping their stance easy to achieve the growth goal for now, said economists, including Standard Chartered Plc's Anubhuti Sahay
Being an economist might be desirable but parachuting one in certainly isn't
He also said that RBI remains committed to ensuring that the banking system remains robust and resilient
Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors to be careful while chasing high returns as it comes with higher risk. Das said high returns come with higher risk, so depositors should be discerning enough while chasing returns. Speaking at the 'Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 lakh', he said the RBI remains committed to ensuring that the banking system remains robust and resilient.
Having kept the main interest rates steady on Wednesday, Das starts his next three-year term Dec. 11 with some in the bank already calling for unwinding the ultra-loose policies.
The comments came after the RBI's Monetary Policy Committee (MPC) left the key policy rates unchanged for the ninth time in a row
Fitch increases FY23 GDP growth forecast to 10.3%; Shriram Properties IPO nearly sales through on day 1
Reserve Bank's Governor Shaktikanta Das on Wednesday said that India's economy is on the path of recovery.