Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao as the fourth deputy governor of the central bank
RBI governor Shaktikanta Das held a meeting with the CEOs of small finance banks (SFBs) through video conference
More than banks, most of which have the balance sheet strength to stomach bad loans, it is the borrowers who will suffer once they are branded as defaulters since no lender will give them fresh money
Takes stock of the progress in implementing Covid resolution framework
RBI Governor Das asked banks to remain watchful of the evolving situation
We are giving up this discretion to give an explicit assurance to the markets that we will assist them in the conduct of the borrowing programme, said Patra
Payment banks can now hold Rs 2 lakh instead of Rs 1 lakh as end-day balance per customer
Stating that "growth is of paramount importance now", the Reserve Bank Governor Das said it will do whatever it takes to sustain the fledgling recovery
Among other things, the policy provides much needed visibility on central bank's balance sheet support for the bond market
The Reserve Bank of India has retained the economic growth projection for the current financial year at 10.5%. In a statement after the first Monetary Policy Committee (MPC), RBI Governor Shaktikanta Das said the recent surge in Covid-19 infections adds uncertainty to the domestic growth outlook amidst tightening of restrictions by some state governments. In this comprehensive video, we have compiled all the important announcements in eleven different points. Watch it now.
RBI Monetary policy: RBI today decided to keep rates unchanged today amid rising inflation, lockdowns and Covid surge. Stay tuned for all the LIVE updates
Stocks like SBI and Bank of Baroda can expect a surge of over 5 per cent in coming sessions.
The Reserve Bank of India (RBI) has expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat to growth due to the resurgence of coronavirus cases. The Monetary Policy Committee (MPC) also kept its estimate for economic growth unchanged at 10.5 per cent for the current fiscal. Watch the video for the major highlights of RBI Governor Shaktikanta Das's statement on policy.
Status quo expected on Wednesday, but guidance will hold the key for bond market
The government needs to realise that cryptocurrencies today are what stocks were in the 17th century. They cannot be ignored and the door cannot be shut on them in the long run
Kanungo was in charge of currency management, IT, payments, forex, legal, other departments
The disconcertingly sharp new wave of Covid-19 cases has reignited uncertainty regarding the economic outlook in the immediate term
There should be an orderly evolution of the yields, says Shaktikanta Das
The comments come in light of what has been termed as confusing signals from the government on the cryptocurrencies
India's revival of economic activity is expected to be "unabated", despite a rise in coronavirus infections in many areas and 2022 growth projections might not need to be cut, Das said