Page 49 - Shaktikanta Das

RBI governor for judicious use of monetary action in future: MPC minutes

After a three-day brainstorming earlier this month, all the six members of the Das-headed Monetary Policy Committee (MPC) had opted for a status quo and left interest rates unchanged

RBI governors don't need an MPC but a helpful finance minister

An Monetary Policy Committee is not needed unless you want to decorate your central bank

How long will it take for RBI's loan-recast plan to see the light of day?

It will take some effort to ensure that the RBI's one-time loan recast scheme works satisfactorily, reports Raghu Mohan

RBI's payout unlikely to plug the huge govt revenue hole created by Covid

Last year the RBI's board approved a record payment of Rs 1.76 trillion ($23.5 billion) to the government, which included Rs 1.23 trillion as dividend and Rs 526.4 billion from its surplus capital

Wanted: An MPC with more power and 'flexibility'

The members can come from diverse backgrounds such as finance, labour and economics, and must have a say in the entire interest-rate architecture

Monetary policy: RBI measures preserved financial stability, says Das

The RBI's monetary policy committee has kept the repo rate unchanged at 4 per cent, amid rising inflationary pressure and a grim economic outlook

A non-monetary policy, par for the course

Rate cut off the table for now; focus is on other measures to ease stress in system

RBI allows offline payments of up to Rs 200 through cards on pilot basis

The scheme is aimed at encouraging customers to opt for digital payments even in those places where the internet connectivity is poor

RBI governor announces 'positive pay' feature to help avert cheque frauds

Under the 'positive pay' system, a customer who issues the cheque clicks a picture of the cheque before handing it over to the beneficiary and uploads the same on the bank's mobile application

No current accounts for clients with cash credit, overdraft facilities: RBI

In a notification, the central bank said that rather than opening a new current account, all transactions should be routed through Cash Credit (CC) or OverDraft (OD) account

Easy liquidity led to faster money transmission, helped private sector: RBI

The RBI since February 2019 has slashed the benchmark lending rate by 250 basis points (bps). Of this, 115 bps cut has taken place this year

Easy liquidity policies have helped NBFCs, aided faster transmission: Das

There has been a criticism that the excess liquidity framework helps lower the cost of borrowing for the government as the yields on bonds go down

RBI adds glitter to gold, allows 90% loans against jewellery till Mar 2021

At present, loans sanctioned by banks against pledge of gold ornaments and jewellery is up to 75% of the value of such items

RBI holds rates amid rising inflation: Key announcements and takeaways

Here are 10 key takeaways from the RBI governor's presser

Pragmatic view taken by the RBI; still expect rate cuts going ahead

The repo rate call was a tough one to take considering that inflation is high and at the upper level of the band

RBI monetary policy review: Repo rate unchanged at 4%; stance accommodative

Lenders allowed to provide a restructuring facility on some loans that were standard as on March 1 this year

RBI monetary policy: Rate cut too close to call on CPI risks, says survey

Governor Das has recently turned his attention toward the fragile financial sector amid forecasts for a sharp rise in bad loans

Rate cut unlikely but a dovish policy on the cards

For RBI Governor Shaktikanta Das, this is probably the toughest monetary policy. The message it sends out is more important than the action

The not so green shoots of rural revival

Rural rebound and its role in reviving the economy are overstated

Top Headlines: Divestment of 23 PSUs, pay cuts at IndiGo, and more

Here are the top business headlines on Tuesday morning