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December 20, 2024, 08:20 PM - 5 min read
In its December bi-monthly monetary policy, the Reserve Bank of India (RBI) kept repo rate unchanged but cut the cash reserve ratio that banks are required to park with the central bank, as it did a balancing act between inflation management and supporting economic growth.
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December 10, 2024, 04:27 PM - 4 min read
Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country.
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December 9, 2024, 06:57 PM - 2 min read
Sanjay Malhotra, the current revenue secretary in the Ministry of Finance, has been appointed as the 26th governor of the Reserve Bank of India (RBI) for a term of three years, effective from Wednesday, December 11.
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December 6, 2024, 09:36 PM - 2 min read
The career bureaucrat-turned-central banker's term is ending on December 10. This is the second three-year-extension granted to Governor Shaktikanta Das and he is already one of the longest serving RBI governors in its 90-year history.
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December 6, 2024, 05:37 PM - 3 min read
The Reserve Bank's efforts are focused on keeping the inflation horse under a "tight leash", Governor Shaktikanta Das said on Friday as the central bank opted for a status quo in policy rates for the 11th consecutive time.
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December 6, 2024, 01:07 PM - 3 min read
The announcement comes at a time when the rupee has been hitting lifetime lows against the dollar.
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December 4, 2024, 05:22 PM - 3 min read
The government has tasked the Reserve Bank of India to ensure consumer price index (CPI) based inflation remains at 4 percent with a margin of 2 percent on the either side.
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November 26, 2024, 11:58 AM - 1 min read
“Reserve Bank of India Governor Shaktikanta Das experienced acidity and was admitted in Apollo Hospital, Chennai for observation. He is now doing fine and will be discharged in the next 2-3 hours,“ according to a statement by the RBI.
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November 18, 2024, 03:22 PM - 2 min read
RBI Governor Shaktikanta Das asked bank boards to carefully structure the incentives for bank staff and work on strengthening internal governance framework to curb unethical practices, such as mis-selling of products or opening of accounts without proper KYC verification.
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November 14, 2024, 03:33 PM - 5 min read
Reserve Bank Governor Shaktikanta Das said on Thursday that the Indian economy is navigating "smoothly" despite global challenges. He declined to comment on Union Commerce Minister Piyush Goyal's suggestion for a rate cut, stating that the rate-setting panel will make an appropriate decision at its next meeting in December.
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November 6, 2024, 03:50 PM - 4 min read
RBI Governor Shaktikanta Das dismissed concerns of a cyclical growth slowdown, describing India's economy as strong like a "tiger," with the RBI providing the "agility" to support it.
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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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