Tag: RBI Governor

India’s GDP growth may even cross 7% in FY23: RBI Governor

There are chances of India's gross domestic product (GDP) for FY23 crossing the estimated 7 per cent growth going by the trends, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday.

May 25, 2023

India’s 2022-23 GDP growth may breach estimated 7 pc: RBI Governor

Reserve Bank of India governor Shaktikanta Das said this on the basis of strength in various macro fundamentals.

May 24, 2023

“System has adequate currency notes, no reason to worry”: RBI Governor on move to withdraw Rs 2000 notes

There has been some speculation that the decision to withdraw Rs 2000 note may put a strain on the overall money supply.

May 22, 2023

“Do not rush to banks:” RBI governor says Rs 2000 notes will continue to be legal tender

The Governor said the Rs 2000 note was primarily issued to replenish money, taken out from the system during the demonetisation of Rs 500 notes and Rs 1,000 notes.

May 22, 2023

RBI governor says looking at business models of banks more closely

A resilient bank needs to be financially, operationally and organisationally resilient and should have adequate capital buffers to be able to generate earnings even in times of severe macroeconomic shocks, said Reserve Bank of India governor Shaktikanta Das.

April 27, 2023

RBI Governor: Policy repo rate to remain unchanged at 6.50%

Shaktikanta Das assured that war against inflation, which is above the target, will continue.

April 6, 2023

India has well-regulated and well-supervised banking sector: RBI Governor

Reserve Bank of India Governor Shaktikanta Das on Friday gave a thumbs up to the country's banking system, while stressing how recent developments in the US have brought to the fore the criticality of banking sector regulation and supervision.

March 18, 2023

Digital payments ecosystem transformed governance, financial inclusion in India: PM Modi

"We need to collectively work to strengthen multilateral development banks for many global challenges, like climate change," PM Modi said during the meeting.

February 24, 2023

Growth impulses strengthening, inflation trajectory favourable: RBI Governor

"Recovery in demand gathered pace in August-September. Pick-up in import of capital goods point to some recovery in activity," Das said while hoping to sail towards normal times.

October 8, 2021

Inflation reignited debate on monetary policy response: RBI Guv

As per the RBI's assessment of the resurgence in inflation in India since the June 2021 policy is that it is driven largely by adverse supply-side drivers impinging on food, fuel and core groups due to multifarious disruptions caused by the pandemic.

August 20, 2021

RBI Governor says global trade rebounding; pitches for policy support for exports sector

Further, the governor said that India's exports in March, April and May this year have seen an upswing, which is evident of the sector's potential.

June 4, 2021

RBI Guv Das says country’s economic recovery stronger than expected

It can be noted that the Indian economy contracted by 23.9 per cent in the first quarter of the fiscal year, and the RBI expects the economy to shrink by 9.5 per cent in FY21.

November 26, 2020

Extreme risk aversion can be self-defeating, says RBI Guv Shaktikanta Das warns banks

The governor said, rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, and also build sufficient resilience.

August 27, 2020

RBI may go in for further 25 bps rate cut, feel experts

Union Bank of India managing director and CEO Rajkiran Rai said, There is a possibility of 25 basis points cut or they may hold on (the rate).

July 27, 2020

RBI working to find ‘workable solution’ for PMC Bank: Guv Das

Das made the statement while he was delivering a keynote at the 7th State Bank of India Banking and Economics conclave.

July 11, 2020

GDP growth for FY20-21 likely to remain in negative territory: Shaktikanta Das

The outlook of inflation also remains "highly uncertain", RBI Governor Shaktikanta Das said while announcing a 40-basis point cut in the repo rate as part of the monetary measures to deal with the current crisis.

May 22, 2020

All-out efforts to protect economy from Covid-19 pandemic’s impact, says Shaktikanta Das

To mitigate the economic difficulties arising out of the virus outbreak, the Government of India has announced a comprehensive package of ₹1.70 lakh crore.

April 13, 2020