Page 58 - Shaktikanta Das

More rate cuts? RBI vows to ease monetary policy as 'long as necessary'

The Reserve Bank of India lowered its benchmark repurchase rate by 25 basis points to 5.15 per cent on Friday, in line with the forecasts of a majority of economists

RBI won't let any cooperative bank collapse, banking sector stable: Das

Since the Punjab National Bank scam came to light in February 2018, the banking sector has been hit with two other major crises - IL&FS and DHFL crisis

Shortfall due to corporate tax cut can be made up by other sources: Das

The RBI will not allow any cooperative bank to collapse, said Das

No need to panic as banking sector remains sound, stable: Shaktikanta Das

The RBI is reviewing the existing regulatory framework for cooperative banks and will discuss the matter with the government, Das said

No call on Lakshmi Vilas Bank-Indiabulls merger made yet: RBI Governor

Das explained placing a lender under PCA framework is normal with lot of precedents

RBI monetary policy: Here's what experts say about the latest rate cut

The six-member Monetary Policy Committee (MPC) cut the repo rate by 25 basis points to 5.15 per cent

RBI policy: A cut in rate was expected; a cut in GDP growth target was not

The cut in GDP projection for FY20 is curious because it is also an admission that these 135 bps cuts in interest rates will not have a major impact on growth this year

Monetary policy review: RBI set to cut rate. Question is by how much?

The policy decision will be announced at 11:45 a.m. in Mumbai, followed by a press conference 15 minutes later by Das

Monetary policy review: Another rate cut may not help Indian economy

The larger problem here is that government finances are already in a hole; that would be a problem even if the tax cut were the best-designed in history

FSDC sub-committee discusses developing stressed assets markets

The sub-committee meeting, which was chaired by RBI Governor Shaktikanta Das, also discussed about measures to strengthen the systems against frauds

Linking loans to external benchmark: Why it won't be easy for banks

Banks in India are not wholesale-funded entities as in developed markets, but deposit-taking. Only a percentage of their books is linked to borrowing at the repos window

Corporate tax cut to make India a hub of investment: Shaktikanta Das

In the biggest reduction in 28 years, the government on Friday cut corporate tax rate by almost 10 percentage points as it looked to pull the economy out of a six-year low growth

It's a bold move: RBI Guv Shaktikanta Das welcomes corporation tax cuts

The measures will augur extremely well and will be highly positive for our economy, Shaktikanta Das said at an event in Delhi

Experience more relevant than what you learnt 35-40 yrs ago: RBI governor

Das pulled out from retirement and dashed to the Mint Road within two days of Urijit Patel quit on December 10, 2018, after many a run-in with the government

Steps being taken to create conducive climate for exports: Shaktikanta Das

With regard to foreign portfolio investment (FPI), several measures have been undertaken to create an investor-friendly regime and to put in place a more predictable policy environment

New corporate tax rates closer to global ones, says Shaktikanta Das

The finance minister on Friday slashed the effective corporate tax rates to 25.17 per cent (inclusive of all cess and surcharges) from 30 per cent for all domestic companies

More rate cut hinges on incoming dataprints, says Shaktikanta Das

Since February, the RBI has reduced repo rate by 110 basis points in four successive actions

RBI in talks with govt to ensure mega bank mergers are non-disruptive: Das

The critical issue is to ensure that the process of transition following the merger should be in the most non- disruptive manner, he said

Nobody interferes in my decision-making, but govt is sovereign: RBI Guv

Das said there has to be exchanges of ideas and explaining one's position to the other is necessary as it creates a harmonious and healthy relationship

Shaktikanta Das expects growth to pick up from Q2 on govt spending

In a major fiscal booster, the government slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies