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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.
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.
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.
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.
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.
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.
Updated on Dec 07, 2022 04:57 PM IST
Aniruddha Dhar, 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.
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.
Published on Nov 02, 2022 11:43 AM IST
HT News Desk | 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.
Published on Oct 30, 2022 12:50 PM IST
HT News Desk | 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.
Published on Oct 16, 2022 12:05 PM IST
Harshit Sabarwal | 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.
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.
Updated on Sep 30, 2022 12:46 PM IST
HT News Desk, 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
Updated on Sep 30, 2022 12:14 PM IST
Swati Bhasin, 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.
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.
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”.
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.
Updated on Aug 05, 2022 11:57 AM IST
HT News Desk | 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.
Published on Aug 04, 2022 11:02 PM IST
HT News Desk, 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.
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.
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.
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.
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.
Published on Jun 08, 2022 10:05 AM IST
HT News Desk | 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.
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.
Updated on May 04, 2022 03:10 PM IST
HT News Desk, 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.
Published on Mar 22, 2022 07:00 PM IST
HT 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.
Published on Feb 14, 2022 01:32 PM IST
hindustantimes.com, 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.
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.
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.
Updated on Oct 30, 2021 06:57 AM IST
HT Correspondent, New Delhi
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