Page 56 - Shaktikanta Das

Top headlines: Das clarifies on repo rate; wholesale inflation rises in Nov

From Moody's comment on weak household consumption in India to Modi's comment on Citizenship Act protests, Business Standard brings you the top headlines of the day

RBI acted ahead of time by cutting rates from Feb: Das on economic slowdown

The comments from Das come following a series of five consecutive rate cuts by RBI starting February this year by a cumulative 1.35 per cent

The uncertain times continue for banks

It is difficult to say whether the banking sector will see the worst behind it by March 2020

Das meets heads of PSBs, discusses transmission of rates, stressed assets

The meeting focused on credit flow to the 'productive sectors' which include micro, small and medium enterprises and non-banking financial companies

Part Panglossian, part floccinaucinihilipication: Governor Das marches on

Sachin Chaturvedi, a member of the Central Board of RBI, describes Das as a person who brings in pragmatism, commitment, transparency and sincerity to the table.

One year of Guv Shaktikanta Das at RBI: Keep calm and do what's needed

RBI and the government had differences on many occasions, but the governor didn't let it play them out in public

First year of Das: Floccinaucinihilipilification or Panglossian?

The no-rate-cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate Shaktikanta Das is maturing in his new role.

Raghuram Rajan urges scrutiny of NBFCs lending to stressed realty sector

The Reserve Bank of India should carry out an asset quality review of the non-bank finance companies, Rajan said.

RBI keeps repo rate unchanged at 5.15%, stance stays accommodative

The market and economists were expecting a sure cut in the policy review, considering the weak growth rate

Inflation warrior

RBI's next move will depend on the Budget

PMC Bank scam: RBI expects forensic audit report by end of this month

The forensic audit report on the scam-hit Punjab & Maharashtra Co-operative Bank is expected by the end the month, Reserve Bank governor Shaktikanta Das said on Thursday. The multi-state co-operative bank has been under the RBI restriction since September 23, after it had found financial irregularities, including huge under-reporting of loans and non-performing assets to real estate developer HDIL to the tune of Rs 6,500 crore using hundreds of dummy accounts. The central bank also sacked the board of the bank and appointed an administrator. "There is a forensic audit which is underway. The final report of the forensic audit is expected by the end of this month," Das told reporters at the post-policy press conference. In September, PTI had reported that the co-operative lender's actual exposure to HDIL was over Rs 6,500 crore -- which is 73 percent of its entire assets of Rs 8,880 crore. Das said PMC, with the help of professional valuers, is also assessing the ...

Telecom tariff hike may add to inflation, cautions RBI Governor Das

All the three private telecom players Vodafone Idea, Bharti Airtel and Jio has raised their taiff plans pre-paid tariff plans and the increase has been as high as 40-50%

Can't cut rates mechanically every time: RBI Governor Shaktikanta Das

'We expect a gradual recovery in income growth right into the second half of next year', said Das

Monetary Policy: Reserve Bank picked a heck of a time to slow things down

If Reserve Bank's rate cut pause has shocked you, blame it on inflation

RBI unexpectedly hits pause on rate cut; lowers FY20 GDP forecast to 5%

The 6-member Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, unanimously voted to hold the key repo rate at 5.15% and reverse repo rate at 4.90%

RBI is completely against private digital currencies, says Shaktikanta Das

The comments come a year after the government tagged Bitcoins and other crypto-currencies illegal and following which the RBI banned trading on them

RBI hits pause after five straight rate cuts: Top highlights from MPC meet

The RBI said the monetary transmission has been "full and reasonably swift across various money market segments and the private corporate bond market".

Forex reserves hit a new high of $451 billion as of Dec 3: RBI governor

Since the beginning of the current financial year, the forex kitty has gained by $38.8 billion as of December 3, the largest in recent year, the governor added

With rate cuts not helping, here's an unconventional step that RBI can try

The central bank, which reviews policy on Thursday, should look to pull down long-term yields by selling short-tenor bonds and reinvesting in longer-term ones, said Suyash Choudhary

RBI likely to cut rates for sixth time this year, try help growth

RBI has delivered 135 basis points of interest-rate easing this year, but lenders have only transmitted a fraction of that to borrowers.