"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, 2023Reserve Bank of India Governor Shaktikanta Das said a synchronised tightening of monetary policy globally has progressively increased the risk of a hard landing, which is a recession to tame inflation. India, however, is differently placed.
November 20, 2022Prime Minister Narendra Modi on Sunday dedicated 75 Digital Banking Units (DBUs) across 75 districts via video conferencing. DBUs are specialized branches for delivering digital banking products where people can withdraw and deposit money 24*7.
October 16, 2022The governor of the Reserve Bank of India (RBI), Shaktikanta Das, launched a new 'SupTech' initiative Daksh - the central bank's advanced monitoring system - which is expected to make the supervisory processes more robust.
October 7, 2022Further, 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, 2021The decision was taken at the 589th meeting of the Central Board under the chairmanship of RBI Governor Shaktikanta Das, through video conference.
May 21, 2021The loans would be for tenors of up to three years, said the RBI Governor Shaktikanta Das during a virtual address.
May 5, 2021Das on Thursday said the RBI continues its work on a digital version of a fiat currency and is currently "assessing the financial stability implications of introducing such a Central Bank Digital Currency (CBDC)".
March 25, 2021Speaking at the India Economic Conclave, Das said that now the world knows the dangers of the Covid-19 pandemic and it is not as in the case of 2020 when there was complete uncertainty.
March 25, 2021The governor also said that maintaining banking sector health with a strong capital base and ethics-driven governance remains a policy priority.
March 25, 2021“We do realise that states and centre have their revenue pressures and require high sums of money to enable the country and people to come out COVID-19 stress,” Das said.
February 25, 2021The inflation (retail) projection is revised to 5.2 per cent for Q4 of the current fiscal, Das said, adding vegetable prices are likely to remain soft in near term on the back of fresh arrivals in the market.
February 5, 2021The scheme called, Retail Direct, will allow direct access to retail investors via the RBI in primary and secondary markets.
February 5, 2021Consumer confidence, it said is reviving and business expectations of manufacturing, services and infrastructure remain upbeat.
February 5, 2021Post the implementation of the law, these institutions have raised their concerns with the state government, RBI as well as with the central government.
February 5, 2021RBI Governor Shaktikanta Das said that inflation is likely to remain elevated, barring transient relief in the winter months from prices of perishables.
December 4, 2020RBI had last revised its policy rate on May 22, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.
December 4, 2020