Page 6 - Shaktikanta Das

RBI's MPC meeting today: Will there be a rate cut? Key points to watch

For the last nine consecutive meetings, the RBI has maintained the repo rate at 6.50 per cent, balancing inflation control with economic growth objectives

Forex reserves surged $311 billion under RBI Governor Shaktikanta Das

Latest RBI data showed, India's foreign exchange reserves surpassed the $700 billion mark

Govt picks three new external members for MPC ahead of key RBI meet

Govt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy Committee

Govt announces 3 new external members ahead of key RBI MPC meet

Govt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy Committee

Policy evolution: Despite challenges, central banks must keep adapting

Most large central banks have been grappling with high inflation rates over the past couple of years after having misjudged the early warning signs

Strong fundamentals crucial amid global unrest: RBI Guv Shaktikanta Das

Have larger responsibility of maintaining financial stability'

RBI Guv Das stabilises volatile rupee with $689 billion forex reserves

India's current account deficit has also narrowed recently thanks to cheaper oil from Russia and global firms setting up service hubs

Rate cut hinges on inflation trajectory: RBI Governor Shaktikanta Das

Rupee strength driven by strong fundamentals, not because of artificial intervention

Rupee has been among the least volatile currencies since 2023: RBI governor

Our stated policy is to prevent excessive volatility of the rupee, said Reserve Bank of India governor Shaktikanta Das

Short-sellers may target banks with large CRE exposure: RBI governor Das

'We still have distance to cover,' Das says on inflation

Have distance to cover on inflation, can't look other way: RBI Governor

Central bank in no rush to cut rates as projections say inflation is moderating, says Shaktikanta Das

'India's growth potential is above 7.5%': RBI Governor Shaktikanta Das

At a Singapore forum, RBI Governor Shaktikanta Das projected that India has a growth potential of at least 7.5%, slightly above the RBI's official 7.2% forecast for 2024-25

Strong fundamentals keep growth story intact: RBI guv Shaktikanta Das

"The potential of external demand can be leveraged by integrating into global supply chains," he said

Expect new members in MPC to be appointed in time, says RBI Guv Das

Reserve Bank Governor Shaktikanta Das on Thursday said he expects new external members of the monetary policy committee to be appointed in time. Speaking to reporters on the sidelines of the annual Fibac event here, Das said the meeting of the Monetary Policy Committee (MPC) -- scheduled to take place from October 7 -- can only take place when the members are in place. "New members obviously have to be appointed then only we can hold the meeting. It should happen. We expect the new members to be in place in time," the governor said. The four-year term of three external members -- Ashima Goyal, Jayanth Varma and Shashank Bhide -- is coming to an end on October 4. The appointments to the panel are made by the government. The MPC is chaired by the governor and has six members. The RBI has three representatives, including the governor, while the other three are external members. The members vote on the rate call before the resolution is made public, and the governor has the casting vo

RBI Guv headed FSDC reviews overall macroeconomic, financial developments

Reserve Bank Governor Shaktikanta Das headed the Sub-Committee of the Financial Stability and Development Council (FSDC-SC) on Thursday reviewed global and domestic macroeconomic and financial developments. It also reviewed issues relating to inter-regulatory coordination in the Indian financial sector, the RBI said in a statement after the 31st meeting of the FSDC Sub-Committee. "Members shared their assessments of potential risks to financial stability and discussed various issues that may have financial stability implications," it said. The Sub-Committee also reviewed the activities of various technical groups under its purview and the functioning of State-level Coordination Committees (SLCCs) in states/Union territories (UTs). It resolved to continue its focus on improving financial sector resilience through inter-regulatory coordination, while remaining watchful of emerging challenges to the economy and the financial system, including those from global spillovers, cyber hazard

Provide more employment opportunities to women, RBI Guv Das tells banks

Reserve Bank Governor Shaktikanta Das on Thursday said the financial sector can help in bridging the gender gap by providing more employment opportunities to women and creating tailored schemes for businesses promoted by them. Highlighting the importance of inclusive growth, the governor said a truly developed India must ensure that every citizen, regardless of their socio-economic status, has access to financial services and has the required financial literacy. In his inaugural address at the Annual FIBAC 2024 Conference organised jointly by FICCI and IBA, Das said India's female labour force participation remains lower than the global average. This gap, he said underscores the urgent need for targeted initiatives such as improving girls' education, skill development, workplace safety, and addressing societal barriers. He said entrepreneurship is a vital component of economic empowerment, yet in India, less than one fifth of micro, small and medium enterprises (MSMEs) are owned by

GDP to expand 7.2% in FY25 despite lower Q1 growth, says RBI Guv Das

Das said agriculture should perform better during the rest of the year due to a good monsoon and aid a further pick-up in rural demand

RBI board reviews global, domestic economy, associated challenges

The central board of the Reserve Bank of India on Wednesday reviewed the global and domestic economic scenario and outlook, including associated challenges. The 610th meeting of the Central Board of Directors of the Reserve Bank of India was held here under the chairmanship of Governor Shaktikanta Das, it said in a statement. "The Board also reviewed various areas of operations of the Reserve Bank of India including the functioning of Local Boards and activities of select central office departments," the RBI said. Deputy governors Michael Debabrata Patra, M Rajeshwar Rao, and T Rabi Sankar attended the meeting. Other directors of the central board Satish K Marathe, Revathy Iyer, Sachin Chaturvedi, Venu Srinivasan, Pankaj Ramanbhai Patel and Ravindra H Dholakia also attended the meeting. Ajay Seth, Secretary, the Department of Economic Affairs and Nagaraju Maddirala, Secretary, the Department of Financial Services, too attended the meeting.

Trigger happy regulator? RBI Dy Guv says action to protect customers

In recent years, the regulator has imposed business restrictions and barred entities from onboarding new customers for violating norms and causing customer inconvenience

UPI likely to grow further in several countries, says RBI Guv Das

Reserve Bank Governor Shaktikanta Das on Friday evening said he is optimistic that the Unified Payments Interface (UPI) will grow further in several countries. Das, who is on a five-day visit to the state, said UPI is already present in many countries through QR codes and the linkage of fast payments systems, and discussions are underway with several other nations. We expect this to grow further at the global level and internationalise in future, he told reporters here. Speaking at an event in Mumbai on Wednesday, Das had said that notable progress in this direction has already been made with countries like Bhutan, Nepal, Sri Lanka, Singapore, the UAE, Mauritius, Namibia, Peru, France and a few others for acceptance of RuPay cards and payments through the UPI network. These endeavours, he said, underscore collaborative efforts for the adoption of India's initiatives across the globe.