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shaktikanta das

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India's economic recovery now ‘taking hold’, confirms RBI governor

Das said that the recent cut in excise duty on petrol and diesel by the central government and in the value-added tax (VAT) by the several state governments will augment the purchasing power of the people, which, in turn, will create space for additional consumption.
Reserve Bank of India (RBI) governor Shaktikanta Das (REUTERS / File Photo)
Reserve Bank of India (RBI) governor Shaktikanta Das (REUTERS / File Photo)
Updated on Nov 16, 2021 05:51 PM IST
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Written by Joydeep Bose | Edited by Avik Roy, Hindustan Times, New Delhi

RBI governor Shaktikanta Das to remain in office for three more years

A postgraduate from St. Stephen’s College in New Delhi, Das has more than four decades of experience in various areas of governance as a career bureaucrat.
haktikanta Das has also served as India’s alternate governor in the World Bank and Asian Development Bank.
haktikanta Das has also served as India’s alternate governor in the World Bank and Asian Development Bank.
Updated on Oct 30, 2021 06:57 AM IST
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ByHT Correspondent, New Delhi

Shaktikanta Das reappointed as RBI governor for another 3 years

Das was previously the department of economic affairs secretary at the finance ministry and was appointed as the head of the central bank on December 11, 2018, for three years.
The decision was approved by the appointments committee of the cabinet late on Thursday. (File photo)
The decision was approved by the appointments committee of the cabinet late on Thursday. (File photo)
Published on Oct 29, 2021 07:42 AM IST
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Byhindustantimes.com | Written by Meenakshi Ray, New Delhi

Global trade vital for economic recovery; need to bolster export: RBI governor

RBI governor Shaktikanta Das underlined the need for increased investment in healthcare, education, digital and physical infrastructure to ensure sustainable growth and generate employment opportunities. 
RBI governor Shaktikanta Das stressed sustainable growth should entail meeting on macro fundamentals via medium-term investments, sound financial systems and structural reforms.(File photo)
RBI governor Shaktikanta Das stressed sustainable growth should entail meeting on macro fundamentals via medium-term investments, sound financial systems and structural reforms.(File photo)
Published on Sep 22, 2021 05:05 PM IST
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Byhindustantimes.com, New Delhi

RBI will conduct fine-tuning operations to manage unanticipated liquidity flows

Governor Shaktikanta Das said that it is also an opportune time to consider new instruments to facilitate hedging of long-term interest rate and re-investment risk by market participants such as insurance companies, provident and pension funds and corporates.
Shaktikanta Das, Reserve Bank of India (RBI) Governor, was speaking at a conference organised by Fixed Income Money Market and Derivatives Association of India (FIMMDA) and Primary Dealers' Association of India (PDAI).(REUTERS)
Shaktikanta Das, Reserve Bank of India (RBI) Governor, was speaking at a conference organised by Fixed Income Money Market and Derivatives Association of India (FIMMDA) and Primary Dealers' Association of India (PDAI).(REUTERS)
Published on Aug 31, 2021 09:58 PM IST
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PTI | , Mumbai

American Express may partially resume operation in India from today: Report

The RBI has been taking strict actions against financial entities like Mastercard and American Express over non-compliance to regulatory guidelines in the country.
American Express logo as seen in this illustration. (File Photo / REUTERS)
American Express logo as seen in this illustration. (File Photo / REUTERS)
Published on Aug 07, 2021 05:46 AM IST
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Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

Financial inclusion will continue to be a policy priority: Das

  • RBI chief said that greater focus is now being given to addressing the weaker sections of the economy
Das also said that greater focus is now being given to addressing the vulnerable segments of the economy and population.(REUTERS)
Das also said that greater focus is now being given to addressing the vulnerable segments of the economy and population.(REUTERS)
Published on Jul 16, 2021 01:44 AM IST
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ByGopika Gopakumar, Livemint, New Delhi

Interest rates, inflation, GDP growth: RBI Governor on Covid 2nd wave & economy

RBI Governor Shaktikanta Das said that Covid 2nd wave hit economy less than 1st wave (Agencies)
RBI Governor Shaktikanta Das said that Covid 2nd wave hit economy less than 1st wave (Agencies)
Published on Jun 04, 2021 02:45 PM IST
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RBI announces additional measures to mitigate impact of second Covid-19 wave

The measures were listed by RBI governor Shaktikanta Das on Friday as part of his announcement on the central bank’s monetary policy.
Reserve Bank of India (RBI)
Reserve Bank of India (RBI)
Published on Jun 04, 2021 12:27 PM IST
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Byhindustantimes.com | Written by Karan Manral, New Delhi

RBI MPC highlights: From unchanged repo rate to reduced economic growth forecast

  • RBI Monetary Policy: The committee forecasted economic growth at 9.5 per cent for the current fiscal from the previous 10.5 per cent.
Reserve Bank of India Governor Shaktikanta Das. (PTI)
Reserve Bank of India Governor Shaktikanta Das. (PTI)
Updated on Jun 04, 2021 11:12 AM IST
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Byhindustantimes.com | Written by Deepali Sharma | Edited by Meenakshi Ray, Hindustan Times, New Delhi

Keep strengthening balance sheets, Das tells private banks

The call comes barely a week after RBI governor Shaktikanta Das met heads of state-owned banks. Going by statements issued on Tuesday and on May 19, he discussed near-identical issues with both sets of bankers.
RBI governor Shaktikanta Das' call on balance sheets comes amid the second wave of the covid-19 pandemic, which has presented another round of asset quality concerns for banks.(File photo)
RBI governor Shaktikanta Das' call on balance sheets comes amid the second wave of the covid-19 pandemic, which has presented another round of asset quality concerns for banks.(File photo)
Published on May 25, 2021 11:43 PM IST
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ByShayan Ghosh, Mumbai

RBI announces moratorium on loans, fresh lending to vaccine makers, hospitals

The moratorium of up to two years will be available to individuals and small and medium enterprises that did not restructure their loans in 2020 and were classified as standard accounts till March 2021, RBI Governor Shaktikanta Das in an unscheduled address.
RBI Governor Shaktikanta Das addressed a conference on Wednesday(ANI)
RBI Governor Shaktikanta Das addressed a conference on Wednesday(ANI)
Published on May 05, 2021 01:58 PM IST
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PTI | | Posted by Prashasti Singh, Mumbai

RBI asks banks to build Covid loan book for vaccine makers, hospitals

Reserve Bank of India governor Shaktikanta Das on Wednesday announced a host of measures to ameliorate the impact of the second wave of the pandemic on the finances. For banks offering Covid loans, the top bank announced some relief measures.
RBI Governor Shaktikanta Das addresses a press conference in Mumbai on Wednesday. (ANI Photo)
RBI Governor Shaktikanta Das addresses a press conference in Mumbai on Wednesday. (ANI Photo)
Published on May 05, 2021 10:24 AM IST
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Byhindustantimes.com | Edited by Poulomi Ghosh

RBI Governor Shaktikanta Das to make unscheduled speech today at 10am

The address will be broadcast at 10 am local time, the RBI said on Twitter, without providing further details.
RBI Governor Shaktikanta Das will address a press conference at 10am on Wednesday.(ANI/ File Photo)
RBI Governor Shaktikanta Das will address a press conference at 10am on Wednesday.(ANI/ File Photo)
Published on May 05, 2021 07:58 AM IST
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Bloomberg | | Posted by Prashasti Singh

RBI retains FY22 outlook, cautions on uncertainties

The rise in global commodity prices, coupled with the volatility in financial markets, accentuates risks and lockdowns in certain states could dampen the gradual revival of growth impulses, RBI governor Shaktikanta Das said.
The focus must now be on containing the spread of coronavirus and economic revival, according to the RBI governor.(ANI file photo)
The focus must now be on containing the spread of coronavirus and economic revival, according to the RBI governor.(ANI file photo)
Published on Apr 08, 2021 07:42 AM IST
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ByShayan Ghosh, Livemint, Mumbai

Local lockdowns, inflation, GDP growth: What RBI governor Shaktikanta Das said

RBI monetary policy: The governor of the central bank said the projection of the real GDP growth for the fiscal period of 2021-2020 is retained at 10.5 per cent.
RBI Governor Shaktikanta Das.(File photo)
RBI Governor Shaktikanta Das.(File photo)
Updated on Apr 07, 2021 12:18 PM IST
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Byhindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi

Monetary policy review: RBI likely to maintain status quo amid Covid-19 surge

The RBI is slated to announce its first bi-monthly monetary policy of the 2021-22 fiscal on April 7, 2021 after a three-day meeting of the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das.
RBI Governor Shaktikanta Das addresses media conference, in Mumbai on Friday. (ANI Photo)
RBI Governor Shaktikanta Das addresses media conference, in Mumbai on Friday. (ANI Photo)
Updated on Mar 28, 2021 02:32 PM IST
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PTI | | Posted by Prashasti Singh, Mumbai

RBI Governor sticks to growth forecast amid virus surge

Speaking at the India Economic Conclave, Das said while the growing number of Covid-19 cases is a matter of concern, he expects the situation to be different this time compared to last year.
Reserve Bank of India governor Shaktikanta Das.pti(MINT_PRINT)
Reserve Bank of India governor Shaktikanta Das.pti(MINT_PRINT)
Published on Mar 26, 2021 05:41 AM IST
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ByGopika Gopakumar, Mumbai

Surge in bond yields may hit growth: RBI

  • RBI said that while it is doing all that it could to ensure an orderly evolution of the yield curve, bond vigilantes could, however, unsettle financial markets and trigger capital outflows from emerging markets.
RBI said while there is a “restless urgency in the air” in India to return to high growth, the bond market has remained unyielding, despite its efforts.(Reuters)
RBI said while there is a “restless urgency in the air” in India to return to high growth, the bond market has remained unyielding, despite its efforts.(Reuters)
Published on Mar 20, 2021 07:16 AM IST
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ByGopika Gopakumar, Livemint, Mumbai

Fuel price hike not only affects those with cars, bikes: RBI Guv Shaktikanta Das

"We realise that states and Centre have their revenue pressures and require high sums of money to enable the country and people to come out Covid-19 stress," the RBI Governor said commenting on fuel price hike.
RBI Governor Shaktikanta Das on Friday was delivering the keynote address of the 185th foundation day celebration of the Bombay Chamber of Commerce and Industry.
RBI Governor Shaktikanta Das on Friday was delivering the keynote address of the 185th foundation day celebration of the Bombay Chamber of Commerce and Industry.
Updated on Feb 25, 2021 12:38 PM IST
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Byhindustantimes.com | Edited by Poulomi Ghosh

Retail investors can now buy G-Securities directly

Allowing retail investors to invest in sovereign debt will broaden the investor base and help absorb the government’s 12 lakh crore borrowing plan to fund higher healthcare and infrastructure spending.
RBI doesn’t expect the move to squeeze inflows into investment options such as bank deposits, mutual funds or small-savings schemes.(MINT_PRINT)
RBI doesn’t expect the move to squeeze inflows into investment options such as bank deposits, mutual funds or small-savings schemes.(MINT_PRINT)
Updated on Feb 06, 2021 05:02 AM IST
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ByTinesh Bhasin, Mumbai

Key rates unchanged, GDP projected at 10.5%: Major announcements by RBI

While announcing the decisions, RBI governor Shaktikanta Das said that the Monetary Policy Committee (MPC) had voted unanimously to keep the repo rate unchanged at 4 per cent.
“It is our strong conviction, backed by forecast, that in 2021-22 we will undo the damage inflicted by Covid-19 on the economy,
“It is our strong conviction, backed by forecast, that in 2021-22 we will undo the damage inflicted by Covid-19 on the economy," Das said.(ANI file photo)
Published on Feb 05, 2021 11:56 AM IST
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Byhindustantimes.com | Written by Harshit Sabarwal, New Delhi

Hopes fade for turnaround in Asia’s worst-performing currency of 2020

India’s forex reserves consequently rose to a record $586 billion, catching up with Russia, which has the world’s fourth-largest stockpile.
The rupee appreciated by 4 paise to 73.51 against the US dollar in opening trade on Monday as sustained foreign fund inflows and strong domestic equities strengthened investor sentiment.(PTI)
The rupee appreciated by 4 paise to 73.51 against the US dollar in opening trade on Monday as sustained foreign fund inflows and strong domestic equities strengthened investor sentiment.(PTI)
Published on Jan 21, 2021 12:35 PM IST
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Bloomberg |

Open to examine proposal on bad banks: RBI governor Shaktikanta Das

Talking about the governance reforms Das said integrity and quality of governance are keys to good health and robustness of banks and non-banking financial companies (NBFCs).
Reserve Bank of India (RBI) governor Shaktikanta Das also said that the current COVID-19 pandemic-related shock will place greater pressure on the balance sheets of banks in terms of non-performing assets, leading to erosion of capital.
Reserve Bank of India (RBI) governor Shaktikanta Das also said that the current COVID-19 pandemic-related shock will place greater pressure on the balance sheets of banks in terms of non-performing assets, leading to erosion of capital.
Published on Jan 16, 2021 02:27 PM IST
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ANI | , New Delhi

Need to support economic revival, financial stability: RBI Governor

The regulated entities on their part need to strengthen their internal defences to identify emerging risks early and manage them effectively.
RBI Governor Shaktikanta Das addresses media conference, in Mumbai on Friday. (ANI Photo)
RBI Governor Shaktikanta Das addresses media conference, in Mumbai on Friday. (ANI Photo)
Published on Jan 16, 2021 02:23 PM IST
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PTI | , Chennai

Emerging markets need reserves as shock buffers, says RBI governor Das

India’s rupee was Asia’s worst performer last year, as the central bank countered relentless foreign investment inflows with dollar purchases.
RBI Governor Shaktikanta Das addresses media conference, in Mumbai on Friday. (ANI Photo)
RBI Governor Shaktikanta Das addresses media conference, in Mumbai on Friday. (ANI Photo)
Published on Jan 16, 2021 01:03 PM IST
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Bloomberg |

Focus on fund raise: RBI chief Shaktikanta Das to banks

During the two-day meeting, governor Das, along with his deputy governors, discussed the economic situation with bank chiefs and emphasised the role of the banking sector in supporting the ongoing revival in economic activity.
The Reserve Bank of India (RBI) Governor Shaktikanta Das greets the media as he arrives at a news conference after a monetary policy review in Mumbai.(REUTERS)
The Reserve Bank of India (RBI) Governor Shaktikanta Das greets the media as he arrives at a news conference after a monetary policy review in Mumbai.(REUTERS)
Updated on Dec 24, 2020 05:48 AM IST
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Livemint, New Delhi | ByGopika Gopakumar

RBI governor ask banks to strengthen lending capacity by raising capital

During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need to remain vigilant and make provisions against bad loans proactively. The meetings were also attended by the RBI’s deputy governors.
With specific reference to the financial sector,Shaktikanta Das highlighted the measures taken by the central bank since the onset of the pandemic to stabilise the economy and ensure financial stability(REUTERS)
With specific reference to the financial sector,Shaktikanta Das highlighted the measures taken by the central bank since the onset of the pandemic to stabilise the economy and ensure financial stability(REUTERS)
Updated on Dec 23, 2020 06:34 PM IST
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Mumbai | ByPress Trust of India | Posted by Ayshee Bhaduri

Addressing cyber security, data protection issues important for financial inclusion, says RBI governor

“Technology, though being a great enabler, can also lead to exclusion of certain segments of society,” Das said in his keynote address at a webinar on ‘Investing in Investor Education in India: Priorities for Action’, organised by the NCAER.
The RBI Governor added that it was imperative to build trust in formal financial services among the hitherto excluded population.(PTI)
The RBI Governor added that it was imperative to build trust in formal financial services among the hitherto excluded population.(PTI)
Published on Dec 16, 2020 07:15 PM IST
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New Delhi | ByPress Trust of India | Posted by Srivatsan K C

24x7 RTGS payment system available from today

RBI Governor Shaktikanta Das had announced in October that the system will be available at all times from December 2020 to make online fund transfer smooth.
In October, the Reserve Bank of India had announced that RTGS will be available round-the-clock on all days of the year.(Reuters image)
In October, the Reserve Bank of India had announced that RTGS will be available round-the-clock on all days of the year.(Reuters image)
Updated on Dec 14, 2020 10:37 AM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Prashasti Singh
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Tuesday, November 30, 2021