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RBI Governor Shaktikanta Das gets top central banker award

RBI Governor Shaktikanta Das gets top central banker award

October 27, 2024, 04:44 PM - 2 min read

Reserve Bank of India Governor Shaktikanta Das has been ranked as the world's top central banker for the second consecutive year by US-based *Global Finance* magazine.

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Cryptocurrencies huge risks to financial stability: RBI Guv

Cryptocurrencies huge risks to financial stability: RBI Guv

October 26, 2024, 11:57 AM - 4 min read

RBI Governor Shaktikanta Das warned that cryptocurrencies pose significant risks to financial and monetary stability, advocating for strict regulation to prevent central banks from losing control over money supply and inflation.

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Rate cut at this stage ‘very premature, risky’: RBI Guv Das

Rate cut at this stage ‘very premature, risky’: RBI Guv Das

October 19, 2024, 04:05 PM - 2 min read

Reserve Bank Governor Shaktikanta Das said that this stage would have been "premature" and "very very risky" as the retail inflation is still high, and future monetary policy action would depend upon the income data and outlook.

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RBI not police; takes action when needed, says RBI Guv Das

RBI not police; takes action when needed, says RBI Guv Das

October 18, 2024, 05:06 PM - 2 min read

Reserve Bank Governor Shaktikanta Das's comments followed the central bank's directive for Sachin Bansal's Navi Finserv and three other NBFCs to stop sanctioning and disbursing loans from October 21 due to supervisory concerns, including usurious pricing.

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Why RBI kept Repo rate unchanged for the tenth time?

Why RBI keeps Repo rate unchanged for tenth time?

October 9, 2024, 01:43 PM - 4 min read

While inflation is projected to moderate in Q4 FY25, factors like volatile crude oil prices, weather events and international geopolitical tensions remain concerns.

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Status-quo on interest rate likely in upcoming RBI review

Status-quo on interest rate likely in upcoming RBI review

October 6, 2024, 03:07 PM - 3 min read

Earlier this month, the government reconstituted the Reserve Bank's rate-setting panel -- Monetary Policy Committee (MPC). The reconstituted panel, with three newly appointed external members, will commence its maiden meeting on Monday.

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India's growth shows strong macro fundamentals, says RBI Guv

India's growth shows strong macro fundamentals: RBI Guv

September 13, 2024, 03:06 PM - 3 min read

RBI Governor Shaktikanta Das stated on Friday that India's growth outlook highlights the strength of the country’s macroeconomic fundamentals, with private consumption and investment driving the expansion.

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India’s growth story remains intact, says RBI Guv Das

India’s growth story remains intact, says RBI Guv Das

September 5, 2024, 02:21 PM - 2 min read

Reserve Bank Governor Shaktikanta Das on Thursday said the Indian growth story remains intact with consumption and investment demand growing in tandem, and emphasised that past reforms need to be augmented by reforms in land, labour and agricultural markets.

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India’s GDP growth hits 15-month low of 6.7%

India’s GDP growth hits 15-month low of 6.7%

August 31, 2024, 03:25 PM - 2 min read

The slowing of India's economic growth to a 15-month low of 6.7 per cent in the April-June quarter was due to "lower" government spending in the wake of the enforcement of the model code of conduct for the recent Lok Sabha polls, RBI Governor Shaktikanta Das said here on Saturday.

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UPI likely to grow further in several countries: RBI Guv

UPI likely to grow further in several countries: RBI Guv

August 31, 2024, 02:58 PM - 2 min read

Reserve Bank Governor Shaktikanta Das expressed optimism on Friday about the further international expansion of Unified Payments Interface (UPI), noting its current presence through QR codes and fast payment system linkages, with ongoing discussions with additional countries.

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Union Finance Minister Nirmala Sitharaman along with RBI Governor Shaktikanta Das and Finance MoS Pankaj Chaudhary addresses a press conference after the Central Board of Directors meeting of the Reserve Bank of India in the customary post-budget meet, at Reserve Bank of India in New Delhi, Saturday, Aug.10, 2024.

FM calls for banks to revisit traditional deposit methods

August 10, 2024, 05:30 PM - 2 min read

During a post-budget meeting with the central board of the Reserve Bank of India (RBI) on Saturday, Sitharaman highlighted the need for banks to adopt “old-fashioned” methods to attract deposits through innovative and appealing schemes.

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RBI Aims to Expedite Cheque Clearing Process to a Few Hours

Cheque clearing time cut to hours from 2 days: RBI Guv

August 8, 2024, 03:32 PM - 2 min read

Currently, cheque clearing via the Cheque Truncation System (CTS) takes up to two working days. The RBI plans to introduce continuous clearing with 'on-realisation-settlement,' reducing the cycle to a few hours on the same day. This will expedite payments, benefiting both payers and payees, said the RBI chief.

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