Page 4 - Shaktikanta Das

Reserve Bank defends forex policy as India attempts to avert global risks

The RBI has used its nearly $700 billion forex pile to prevent wild swings in the rupee, making it one of the least volatile currencies in the world

Govt likely to extend RBI Governor Shaktikanta Das's term for second time

Das has already been the RBI's governor for longer than the typical five-year maximum of recent decades and a further extension would make him the longest-serving since Benegal Rama Rau

Be vigilant for concentrations in biz models: RBI Guv Das to bank boards

Says need to curb unethical practices such as mis-selling of products

India's economy strong, inflation moderating, says RBI Governor Das

Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that the Indian economy and financial sector are well placed to handle any kind of spillovers from global events. The country's external sector is also strong and our current account deficit has remained within manageable limits and stood at 1.1 per cent. "Today, the growth of the Indian economy presents a picture of stability and strength," he said, while addressing a programme as part of the launch of the Kochi International Foundation here. Earlier, in 2010 and 2011 it was in the range of six to seven per cent, he pointed out. Das also cited that India has one of the largest foreign exchange reserves in the world at about USD 675 billion. On inflation, the RBI Governor said, "it is expected to be moderate despite periodic humps," India's inflation rose to 6.2 per cent in October from 5.5 per cent in September because of food inflation. He compared inflation to an elephant in the room. "Now the elephant has

Market sets exchange rate, RBI acts to curb undue volatility: Governor Das

Important to note that the exchange is a barometer of the economy's strength, Governor Shaktikanta Das says

Piyush Goyal wants RBI to cut rates, questions food inflation-driven policy

RBI's Monetary Policy Committee has kept the repo rate at 6.5% since February 2023. Retail inflation hit a 14-month high in October

India's financial regulatory pillars set for a leadership shake-up

Four key positions will become vacant over the next four months, marking a potential reshuffle by the end of the current financial year

BS BFSI summit highlights: 'Data science can help pre-identify those vulnerable to cyber fraud'

Business Standard BFSI Summit 2024 highlights: Catch all the updates related to the BFSI summit here

BS BFSI Day 1 Wrap: Positives outweigh negatives in economy, says RBI guv

A change in stance does not signal an immediate rate cut, the Governor said

Our action against NBFCs not punitive but corrective: RBI Guv at BS BFSI

He said the Indian financial sector is resilient enough to deal with any spillover from the external world on a day markets turned volatile following the US election results

Positives outweigh negatives, though inflation is a worry: RBI Guv Das

Positives outweigh the negatives in India’s economy, though inflation upside risks are growing and the October print is expected to be “much higher” than the September data, according to Reserve Bank

Watch: Fireside chat with Shaktikanta Das, Governor of RBI

Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.

BFSI summit highlights: Not acquisition but integration a challenge, says Razorpay's MD

Business Standard BFSI Summit 2024 updates: Catch all the updates related to the BFSI summit here

RBI 'watchful' of unsecured loan flows into stock market: Shaktikanta Das

RBI Governor Shaktikanta Das discusses the difficulty in monitoring unsecured loans at the Business Standard BFSI Insight Summit

Sep inflation was 5.5%; Oct may be higher: RBI Governor Shaktikanta Das

RBI Governor Shaktikanta Das discusses inflation outlook and economic resilience at the Business Standard BFSI Insight Summit

RBI's 'cease and desist' directive on NBFCs not arbitrary: Shaktikanta Das

RBI Governor explains regulatory actions in conversation with Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

Rupee hits record low as US election news boosts dollar, RBI steps in

The dollar index climbed 1.5 per cent to a four-month high of 105.19 as trends signalled an edge for Republican candidate Donald Trump, prompting interest in so-called 'Trump trades.

RBI to cut rates in Dec to 6.25%, say narrow majority of economists: Poll

The central bank has held interest rates at their highest since early 2019 for the past 10 meetings

Shaktikanta Das receives A+ grade in the central bank report cards 2024

RBI Governor Das gets the A+ grade for second consecutive year; key areas, including inflation control and economic growth targets, evaluated

RBI Governor Shaktikanta Das gets top central banker award by US magazine

Reserve Bank of India Governor Shaktikanta Das has been ranked the top central banker by the US-based Global Finance magazine. This is the second consecutive year that he has been ranked as the top central banker globally. "Governor @DasShaktikanta received the award for A+ grade in Central Bank Report Cards 2024, for the second consecutive year. Presented by Global Finance at an event held today in Washington DC, USA," RBI said in a post on X. Das has been placed at the top of the list of three central bank governors, who have been rated A+. Grades are based on a scale from A to F for success in inflation control, economic growth goals, currency stability and interest rate management, according to a statement by Global Finance magazine. An 'A' represents excellent performance, while an 'F' for outright failure. Denmark's Christian Kettel Thomsen, and Switzerland's Thomas Jordan have also been ranked under the 'A+' category of central bankers.