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Indian economy presents a picture of resilience amid global shocks: RBI Governor

Food and energy supplies and prices are under strain, debt distress is staring at many emerging market and developing economies, and every economy is grappling with multiple challenges, Shaktikanta Das said.

Reserve Bank of India (RBI) Governor Shaktikanta Das.(ANI)
Reserve Bank of India (RBI) Governor Shaktikanta Das.(ANI)
Published on Dec 29, 2022 07:00 PM IST
PTI |

'Was Messi…': RBI Guv to critics cornering him over his educational background

Shaktikanta Das is the first non-economist governor of the RBI in 28 years. He was brought in as the RBI governor after the sudden exit of Urjit Patel in December 2018 following differences with the government.

Reserve Bank of India (RBI) Governor Shaktikanta Das has done master's degree in history from Delhi University's St Stephen's College.(PTI file photo)
Reserve Bank of India (RBI) Governor Shaktikanta Das has done master's degree in history from Delhi University's St Stephen's College.(PTI file photo)
Updated on Dec 21, 2022 03:14 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

RBI to add feature in UPI platform to make online shopping, investment easier

“It has…been decided to introduce a single-block-and-multiple-debits functionality in UPI, which will significantly enhance the ease of making payments in e-commerce space and towards investments in securities,” RBI Governor Shaktikanta Das said after announcing the bi-monthly policy review.

The UPI's BHIM app is backed by the central government.( HT Photo)
The UPI's BHIM app is backed by the central government.( HT Photo)
Published on Dec 07, 2022 02:41 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

"Remain watchful," RBI Governor tells heads of banks amid global headwinds

RBI Governor Shaktikanta Das further stated that despite challenges, the Indian banking sector has remained resilient and continued to improve in various performance parameters.

Governor Das acknowledged the crucial role played by the commercial banks in supporting economic growth.(Mint Archives)
Governor Das acknowledged the crucial role played by the commercial banks in supporting economic growth.(Mint Archives)
Published on Nov 17, 2022 08:37 AM IST
ANI |

‘Less costly…’: at HTLS, RBI governor backs digital currency

The Reserve Bank of India in a statement had announced that the e-rupee will be test launched for retail use in select users and locations within a month.

RBI governor Shaktikanta Das speaks at the HT Leadership Summit
RBI governor Shaktikanta Das speaks at the HT Leadership Summit
Published on Nov 12, 2022 04:09 PM IST

‘Indian economy remains resilient': Shaktikanta Das at HTLS 2022 | Top points

Shaktikanta Das said after the Ukraine war, the sudden spike in the prices of essentials led to uncertainty, which triggered inflation worldwide and our country was also affected.

RBI governor Shaktikanta Das at Hindustan Times Leadership Summit 2022 on Saturday.(Vipin Kumar/HT Photo)
RBI governor Shaktikanta Das at Hindustan Times Leadership Summit 2022 on Saturday.(Vipin Kumar/HT Photo)
Updated on Dec 07, 2022 04:57 PM IST
By, New Delhi

RBI won't immediately make letter on inflation response public, says governor

RBI governor Shaktikanta Das said the central bank is monitoring the impact of past measures on price trends and its policy will balance the demand situation in the country.

RBI governor Shaktikanta Das said that he expects inflation to moderate, adding that curtailing price pressures sooner would have resulted in very high costs for the economy.(ANI file photo)
RBI governor Shaktikanta Das said that he expects inflation to moderate, adding that curtailing price pressures sooner would have resulted in very high costs for the economy.(ANI file photo)
Updated on Nov 02, 2022 03:08 PM IST
Reuters | | Posted by Aryan Prakash

‘Landmark achievement’: RBI governor says digital currency launch in near future

The Reserve Bank of India launched the trial of central bank digital currency on Tuesday for select banks.

RBI governor Shaktikanta Das.(HT_PRINT)
RBI governor Shaktikanta Das.(HT_PRINT)
Published on Nov 02, 2022 11:43 AM IST
By | Written by Aryan Prakash

‘Be sensitive’: RBI governor to ombudsmen addressing customer grievances

Addressing an annual conference of RBI ombudsmen in Jodhpur, RBI governor Shaktikanta Das called upon the central bank's ombudsmen and the regulated entitles to first identify the root causes of the customer complaints and then take necessary systemic measures to correct them.

Reserve Bank of India governor Shaktikanta Das.(ANI file photo)
Reserve Bank of India governor Shaktikanta Das.(ANI file photo)
Published on Oct 30, 2022 12:50 PM IST
By | Written by Aryan Prakash

'75 digital banking units set up in record 6 months': RBI Governor

“Seventy-five DBUs were set up in a record six months in 75 districts spread across the country to commemorate 75 years of independence,” the RBI governor said in a virtual address. The establishment of the DBUs, Reserve Bank of India (RBI) Governor Shaktikanta Das said.

The establishment of the DBUs, Das said, is a step forward to augment the digital infrastructure in the country.(AFP file photo)
The establishment of the DBUs, Das said, is a step forward to augment the digital infrastructure in the country.(AFP file photo)
Published on Oct 16, 2022 12:05 PM IST
By | Edited by Swati Bhasin, New Delhi

Amid inflation, here's what RBI governor said on India's economic growth

On September 30, the six-member Monetary Policy Committee (MPC), headed by Das, had raised the short-term lending rate for the third consecutive time by 50 basis points to take the repo rate to 5.9 per cent. In May, the repo rate was hiked by 40 basis points.

To be sure, RBI governor Shaktikanta Das had said that economic activity was steadily improving, though there were mixed signals.(ANI file photo)
To be sure, RBI governor Shaktikanta Das had said that economic activity was steadily improving, though there were mixed signals.(ANI file photo)
Published on Oct 14, 2022 08:06 PM IST
PTI | | Posted by Aryan Prakash

‘Global economy in eye of storm but…’: RBI governor Shaktikanta Das | Top quotes

RBI Monetary Policy announcement: The central bank has hiked the key lending rate – the repo rate – by 50 basis points to a 3-year-high of 5.9 per cent, Das announced on Friday.

RBI Governor Shaktikanta Das at an event earlier this month. (ANI)
RBI Governor Shaktikanta Das at an event earlier this month. (ANI)
Updated on Sep 30, 2022 12:46 PM IST
By, New Delhi

RBI hikes repo rate by 50 bps to 3-year high of 5.9%, GDP expected to grow at 7%

RBI Monetary Policy Decision: Last month, the Monetary Policy Committee (MPC) of the RBI had also announced an increase of the repo rate by 50 basis points

RBI governor Shaktikanta Das in Mumbai on Friday. (PTI PHOTO)(HT_PRINT)
RBI governor Shaktikanta Das in Mumbai on Friday. (PTI PHOTO)(HT_PRINT)
Updated on Sep 30, 2022 12:14 PM IST
By, New Delhi

RBI heads for its third half-point hike as rupee slumps: Report

The rupee is down about 10% this year and trading near a record low even after the RBI mounted a staunch currency defence in the past year -- evident from an almost $100 billion drop in its foreign-currency reserves, with some of the decline attributed to revaluation.

With oil prices falling below $80 a barrel from more than $120 in June, the RBI will probably revise its oil price assumption on Friday from the $105 level it factored in previously.(Reuters)
With oil prices falling below $80 a barrel from more than $120 in June, the RBI will probably revise its oil price assumption on Friday from the $105 level it factored in previously.(Reuters)
Published on Sep 29, 2022 01:03 PM IST
Bloomberg | | Posted by Aryan Prakash

Banks, markets strong enough to withstand extreme volatility: RBI Governor

He also warned of the pains that such monetary policy actions would create on growth and jobs. In the previous policy meeting, Powell had sort of sounded dovish on interest rates.

RBI Governor Shaktikanta Das.
RBI Governor Shaktikanta Das.
Published on Sep 05, 2022 10:51 PM IST
PTI | , Mumbai

‘Unacceptably, uncomfortably high’: RBI governor on unabating inflation

At the 37th MPC meeting held earlier this month, RBI governor Shaktikanta Das said sustained high inflation could cause “unanchoring of inflation expectations and their second order effects”.

The Reserve Bank of India (RBI) governor Shaktikanta Das. (Photo by Indranil MUKHERJEE/AFP)
The Reserve Bank of India (RBI) governor Shaktikanta Das. (Photo by Indranil MUKHERJEE/AFP)
Published on Aug 19, 2022 10:57 PM IST
Written by Sharangee Dutta | Edited by Sohini Goswami, New Delhi

RBI expected to hike policy rates for 3rd time in row in fight against inflation

India's inflation currently stands at 7 per cent and finance minister Nirmala Sitharaman said earlier this week that government has been trying to keep it under 6 per cent. 

The second bi-monthly meeting of the RBI Monetary Policy Committee started on Wednesday.(Mint Archives)
The second bi-monthly meeting of the RBI Monetary Policy Committee started on Wednesday.(Mint Archives)
Updated on Aug 05, 2022 11:57 AM IST
By | Edited by Swati Bhasin, New Delhi

RBI set to hike policy repo rate tomorrow; your home loan EMIs may go up

The second bi-monthly meeting of the RBI Monetary Policy Committee started on Wednesday. RBI governor Shaktikanta Das is scheduled to announce the Monetary Policy Committee decisions on Friday morning.

If the repo rate increases, it will lead to a higher EMI for home loan borrowers.(Getty Images/iStockphoto)
If the repo rate increases, it will lead to a higher EMI for home loan borrowers.(Getty Images/iStockphoto)
Published on Aug 04, 2022 11:02 PM IST
By, New Delhi

Cryptocurrencies are a clear danger says RBI Governor Shaktikanta Das

Reserve Bank of India has been flagging concerns about cryptocurrencies, which are seen as a highly speculative asset.

FILE PHOTO: Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration(REUTERS)
FILE PHOTO: Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration(REUTERS)
Updated on Jun 30, 2022 05:47 PM IST
PTI |

RBI governor says businesses should avoid short-term reward-seeking culture

RBI governor Shaktikanta Das said the common characteristics of some of the inappropriate business models or strategies that have come to the RBI's notice includes inappropriate funding structure, building asset liability mismatches, which are highly risky and not sustainable.

RBI Governor Shaktikanta Das said doing business involves risk taking. But before taking the risk, the upside and downside will have to be carefully considered.
RBI Governor Shaktikanta Das said doing business involves risk taking. But before taking the risk, the upside and downside will have to be carefully considered.
Published on Jun 09, 2022 03:03 PM IST
PTI |

Reserve Bank hikes rates for 2nd straight month; no 'accommodative' in stance

"Upside risks to inflation as highlighted in last policy meetings have materialized earlier than expected," RBI Governor Shaktikanta Das said after the policy decision.

The Reserve Bank of India. (file image)
The Reserve Bank of India. (file image)
Published on Jun 08, 2022 11:51 AM IST
Reuters |

RBI maintains India's GDP growth estimate at 7.2% for 2022-23

RBI governor Shaktikanta Das said that the real GDP growth for the four quarters has been estimated at 16.2%,6.2%, 4.1%, and 4.0% for Q1, Q2,and Q3 and Q4, respectively.

RBI governor Shaktikanta Das. (PTI PHOTO)
RBI governor Shaktikanta Das. (PTI PHOTO)
Published on Jun 08, 2022 10:56 AM IST

Repo rate hiked again; RBI retains GDP growth forecast at 7.2%

RBI Monetary Policy: The real GDP growth for the current year has been retained at 7.2%, RBI governor Shaktikanta Das said. Inflation has been revised to 6.7% from 5.7% earlier for the current year.

RBI Governor Shaktikanta Das addresses a press conference on Wednesday.
RBI Governor Shaktikanta Das addresses a press conference on Wednesday.
Published on Jun 08, 2022 10:05 AM IST
By | Written by Poulomi Ghosh

RBI may hike policy interest rates, inflation forecast tomorrow: Top points

The RBI is likely to revise the inflation forecast for the current financial year to above 6 per cent, considering the recent uptick in inflationary pressure.

RBI governor Shaktikanta Das.(ANI file photo)
RBI governor Shaktikanta Das.(ANI file photo)
Published on Jun 07, 2022 11:13 PM IST

RBI hikes repo rate to 4.0% in a surprise move, EMIs likely to go up 

RBI governor Shaktikanta Das said all six members of the Monetary Policy Committee (MPC) unanimously voted for a rate hike while maintaining the accommodative stance.

RBI governor Shaktikanta Das. (PTI PHOTO)
RBI governor Shaktikanta Das. (PTI PHOTO)
Updated on May 04, 2022 03:10 PM IST
By, New Delhi

Bad loans: Why, this time, it’s different

It is lack of demand rather than past baggage of bad loans that is holding back investment and demand for credit.

Some of the bad loans have been written off, the cost being borne by the exchequer. (PTI)
Some of the bad loans have been written off, the cost being borne by the exchequer. (PTI)
Published on Mar 22, 2022 07:00 PM IST
ByHT Editorial

Nirmala says govt, RBI on same page on cryptos, Das adds internal talks underway

Finance minister Nirmala Sitharaman said there is a respect towards each other’s domain and priorities keeping the nation’s interests in mind.

File photo of finance minister Nirmala Sitharaman.
File photo of finance minister Nirmala Sitharaman.
Published on Feb 14, 2022 01:32 PM IST
By, New Delhi

Shaktikanta Das to start his extended 3-year tenure as RBI governor

During his ongoing role as the central bank's governor, Das played a crucial role in steering the Indian economy amid the coronavirus disease (Covid-19) pandemic.

Shaktikanta Das was appointed as the central bank's governor in December 2018.(File photo)
Shaktikanta Das was appointed as the central bank's governor in December 2018.(File photo)
Updated on Dec 10, 2021 07:22 AM IST
Written by Harshit Sabarwal | Edited by Meenakshi Ray, New Delhi

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
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
By, New Delhi
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