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RBI's asset purchases did not dilute its balance sheet: Governor Das
PTI, Mumbai
PUBLISHED ON FEB 25, 2021 06:41 PM IST
In the wake of the pandemic, the RBI undertook several conventional and unconventional measures.
MSME sector emerges as growth engine of economy, says RBI Governor
ANI, New Delhi
PUBLISHED ON FEB 25, 2021 01:19 PM IST
Das called for increasing digital payment and digital penetration across the country.
RBI currency strategy is drawing hot money, complicating policy
Bloomberg
PUBLISHED ON FEB 12, 2021 11:15 AM IST
Its balancing act to keep the rupee stable amid heavy foreign inflows while also keeping excess liquidity in check is flooding the market with more foreign funds, prompting a vicious cycle of interventions.
RBI keeps repo rate unchanged, stance ‘accommodative’
By hindustantimes.com | Edited by Meenakshi Ray | Hindustan Times, New Delhi
UPDATED ON DEC 04, 2020 12:15 PM IST
The Reserve Bank of India (RBI) governor Shaktikanta Das said that the Monetary Policy Committee (MPC) voted unanimously to keep the repo rate unchanged.
RBI likely to maintain status quo in upcoming policy review
By Press Trust of India | Posted by Arpan Rai | New Delhi
UPDATED ON SEP 27, 2020 04:52 PM IST
RBI Governor Shaktikanta Das had earlier said although there was headroom for further monetary policy action, it was important to keep “our arsenal dry and use it judiciously.”
Raghuram Rajan says fall in GDP alarming; time for bureaucracy to take meaningful action
By Press Trust of India | Posted by Arpan Rai | New Delhi
UPDATED ON SEP 07, 2020 05:12 PM IST
Rajan, currently a professor at the University of Chicago, said the Covid-19 pandemic is still raging in India, so discretionary spending, especially on high-contact services like restaurants, and the associated employment, will stay low until the virus is contained.
‘Haven’t exhausted our ammunition in fight against Covid-19’: RBI Governor
By hindustantimes.com | Edited by: Amit Chaturvedi | Hindustan Times, New Delhi
UPDATED ON AUG 27, 2020 12:45 PM IST
Shaktikanta Das had held a three-day brainstorming session of the Monetary Policy Committee earlier this month after which the RBI opted for a status quo and left interest rates unchanged.
RBI pushes loans against gold to 90% of value amid Covid-19 crisis
By hindustantimes.com | Edited by Sparshita Saxena | Hindustan Times, New Delhi
UPDATED ON AUG 06, 2020 01:11 PM IST
As per the latest guidelines, loans against gold have been upped to 90 percent, as opposed to previously fixed 75 percent, of the value of the precious metal.
RBI governor to announce key policy decision at 12 noon: All you need to know
By hindustantimes.com | Edited by Sparshita Saxena | Hindustan Times, New Delhi
UPDATED ON AUG 06, 2020 10:08 AM IST
Experts are of the view that the MPC is likely to keep the interest rates unchanged and that a cut would come as a surprise.
Current crisis worst of century: RBI
By HT Correspondent | Hindustan Times, Mumbai, Mumbai
UPDATED ON JUL 12, 2020 12:28 AM IST
The economic fallout of the coronavirus disease pandemic may lead to higher non-performing assets, or bad loans, and capital erosion at Indian banks, he warned, terming the Covid-19 outbreak the worst economic and health crisis in a century.
Indian economy showing signs of returning to normalcy: RBI Governor
By Press Trust of India | Mumbai
UPDATED ON JUL 11, 2020 03:36 PM IST
The Indian economy has started showing signs of returning to normalcy in response to the staggered easing of lockdown restrictions, RBI Governor Shaktikanta Das said on Saturday.
‘Covid-19 biggest test of robustness, resilience of our economic system’: RBI Governor
By hindustantimes.com | Edited by Sparshita Saxena | Hindustan Times, New Delhi
UPDATED ON JUL 11, 2020 11:33 AM IST
Das’s comments came during his keynote address at the 7th SBI Banking and Economics Conclave on Saturday.
RBI guv calls for ‘full throttle’ on easing financial conditions
By Gopika Gopakumar | Hindustan Times, Mumbai
PUBLISHED ON JUN 06, 2020 04:51 AM IST
The monetary policy committee (MPC) meeting, which was scheduled from June 3 to 5, was advanced to May 20-22 as macroeconomic conditions deteriorated.
Nirmala Sitharaman chairs FSDC meeting, takes stock of economy amid Covid-19
By Press Trust of India | New Delhi
PUBLISHED ON MAY 28, 2020 05:03 PM IST
The 22nd meeting of the FSDC, which was held via video conferencing, assumes a greater significance considering that the economy is expected to contract by 5 per cent by some estimates amid the virus crisis.
In RBI Governor’s address on Covid-19 crisis, a thank you note for officials
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON APR 17, 2020 05:28 PM IST
He also thanked the policemen, doctors and other who are on the frontline of India’s fight against the coronavirus infection.
‘Financial landscape has deteriorated but light shines through,’ says RBI Governor: 10 points
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON APR 17, 2020 05:26 PM IST
“It has been decided to reduce the fixed reverse repo rate under liquidity adjustment facility (LAF) by 25 basis points from 4% to 3.75%, with immediate effect,” Das announced.
Covid-19: India projected to grow at 1.9%, turnaround expected next year, says RBI Governor
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON APR 17, 2020 02:41 PM IST
Shaktikanta Das also said that RBI has been very proactive and has been monitoring evolving situation due to Covid-19 very closely.
RBI Guv to address media on Covid-19 pandemic today. Here’s what’s on agenda
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON MAR 27, 2020 08:33 AM IST
Covid-19 update: The government had on Thursday announced a relief package that offers relief to millions of poor people hit by a nationwide lockdown triggered by the coronavirus pandemic.
YES Bank to get RBI’s liquidity boost if needed, says Das
By Gopika Gopakumar | Livemint, Mumbai
UPDATED ON MAR 17, 2020 01:32 AM IST
On March 5, RBI imposed a moratorium on YES Bank and superseded its board, capping all withdrawals by depositors at Rs 50,000.
India not immune to covid-19 pandemic, growth momentum to be impacted: RBI Governor
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON MAR 16, 2020 08:10 PM IST
RBI governor said India is not immune to this pandemic as he pointed out that more than 100 cases have been reported.
‘Yes Bank moratorium to be lifted on March 18 at 6 pm’: RBI governor Shaktikanta Das
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON MAR 16, 2020 04:47 PM IST
The hurriedly called press conference in Mumbai comes amid widespread call for a rate cut following similar steps by the world’s leading central banks. The US Federal Reserve has cut the policy rates to near-zero levels in a span of 10 days.
RBI assures deposits in banks safe after Yes Bank crisis
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON MAR 08, 2020 09:53 PM IST
RBI’s moratorium on the crisis-ridden Yes Bank limiting withdrawals to Rs 50,000 for a month had triggered panic among account holders who lined up before branches and ATMs to withdraw their money
Yes Bank resolution will be done swiftly, 30 days is outer limit: RBI Governor
By HT Correspondent | Press Trust of India
UPDATED ON MAR 06, 2020 01:24 PM IST
Yes Bank shares tumbled to at least 25% as markets took a hit and banking stocks came under pressure after RBI actions over the crisis.
RBI to be ‘proactive’ in tackling coronavirus, says governor Shaktikanta Das
By Anirban Nag | Bloomberg, Mumbai
UPDATED ON MAR 06, 2020 12:11 PM IST
“If required, the RBI will act as and when required and, as in the past, the RBI will be proactive and act in time,” Das said, when asked if the central bank needs to make an emergency move.
Coronavirus outbreak to have limited impact on India, says RBI Governor
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON FEB 19, 2020 06:38 PM IST
The virus outbreak, which originated in China in December last year, has killed more than 2,000 people, and caused huge disruptions in movements of goods and people.
Green shoots of recovery need to sustain: Shaktikanta Das
By Press Trust of India | New Delhi
UPDATED ON FEB 17, 2020 08:04 PM IST
In an interview with PTI, RBI Governor Shaktikanta Das says that structural reforms are required to support the economy.
Transmission of rate cuts to improve further, says RBI governor
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON FEB 15, 2020 06:33 PM IST
Earlier this month, the central bank opted for a status quo on the benchmark interest rate, amid signs of soaring inflation and an uncertain global environment.
As budget falls short, RBI governor may focus on US-style operation twist
By Anirban Nag | Bloomberg
UPDATED ON FEB 03, 2020 11:15 AM IST
The burden of recovery now falls solely on the Reserve Bank of India. With inflation breaching RBI’s target at present, any rate cuts by the central bank are likely to be delayed and contingent upon inflation falling below the upper end of its 2%-6% target range.
Starting point to address slowdown would be to acknowledge it: Raghuram Rajan
By Press Trust of India | New Delhi
UPDATED ON DEC 08, 2019 03:16 PM IST
The former RBI governor urged India to join free trade agreements judiciously in order to boost competition and improve domestic efficiency.
Banks went through their worst phase under Manmohan Singh, Raghuram Rajan: Nirmala Sitharaman
By HTC and Agencies | New York
UPDATED ON OCT 17, 2019 12:09 AM IST
Nirmala Sitharaman was speaking at Columbia University’s School of International and Public Affairs, when she hit out at the former RBI governor for his recent comments regarding the state of India’s economy, which has slowed down to its lowest pace in more than five years.
