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.
Read moreOctober 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.
Read moreOctober 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.
Read moreOctober 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.
Read moreOctober 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.
Read moreOctober 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.
Read moreSeptember 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.
Read moreSeptember 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.
Read moreAugust 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.
Read moreAugust 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.
Read moreAugust 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.
Read moreAugust 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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