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The committee held the lending rate, or the repo rate , at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35%
Central bank maintains FY22 GDP forecast at 9.5 per cent and projected retail inflation to be at 5.3 per cent.
Here is the best of Business Standard's opinion pieces for Friday
Boards' role in challenging management proposal critical: Das
The central bank is closely monitoring the business models and strategies of banks, Reserve Bank of India Governor Shaktikanta Das said on Tuesday. He, however, clarified that the central bank's move is not intended at interfering in banks' commercial decisions, but it will red flag lenders if there is any risk building up. At the RBI, we have started taking a closer look at the business models and strategies of banks. Take your commercial decisions, we will not interfere, but we will see what kind of vulnerabilities and what kinds of risks are building up, and our first priority would be to caution banks themselves, Das said at the SBI's Banking and Economic Conclave. He said the RBI's supervision is now almost on a real-time basis and is not an annual exercise anymore. Technology has enabled a more intensive look towards the supervision process. While banks take their commercial decisions, they should also factor in the available liquidity and also the kind of interest rate ...
Shaktikanta Das on Tuesday asked banks to be investment-ready when the private Capex cycle picks up, as the pandemic-battered economy is on a strong recovery path
For growth to be sustainable and reach its potential, private capital investment has to resume, the Reserve Bank Governor said on Tuesday
RBI Governor Shaktikanta Das has again said that cryptocurrencies pose a threat to India's financial stability. Amid growing interest, what does the RBI's tough stance mean for virtual currencies?
Govt must address regulatory concerns
Stating that growth impulses and the fast-moving economic indicators are strong, RBI Governor Shaktikanta Das exuded confidence in the economy clipping at the projected 9.5% growth this fiscal
The monetary authority again reiterated its strong views against cryptocurrencies saying they pose serious threats to the macroeconomic and financial stability of the country
India's record forex reserve also gives a lot of confidence and security to the foreign exchange market, he said
Watch Business Standard's BFSI Insight Summit as RBI Guv Shaktikanta Das talks about the Indian banking system, followed by a panel discussion
The RBI data showed that credit growth is improving, albeit at a slower pace
An open letter to Reserve Bank of India Governor Shaktikanta Das
The central bank will have to revive credit growth, drain liquidity and keep inflation on hold: that's just the beginning of his tasks.
A three-year extension for Shaktikanta Das as RBI Governor signals the govt's endorsement of his policies. Now, what does his extension mean for the markets? This report examines
What can India hope to achieve at COP26 summit? What does Shaktikanta Das' reappointment as RBI Governor mean for markets? Which will be investment-worthy sectors in Samvat 2078? Get all answers here
RBI should focus more on inflation management