Tag: Shaktikanta Das
17 Results
-
Global economy likely in recession amid uncertainty due to coronavirus: Shaktikanta Das
The panic caused by the virus is clear in the stocks, bonds and other commodity prices.
March 27, 2020 -
RBI allows 3-month moratorium on EMIs of all term loans; NITI Aayog chief lauds move
The RBI made it clear that this will not affect the credit history of people and neither will it let to asset classification.
March 27, 2020 -
‘Growth momentum in India would be affected’: RBI Governor on COVID-19 impact on economy
RBI governor told that sectors such as tourism, airlines, hospitality, and domestic trade and transport are suffering the loss of activity.
March 16, 2020 -
YES Bank crashes 85% after moratorium; RBI says taking ‘very swift action’ to revive bank
Meanwhile, Chief Economic Advisor Krishnamurthy Subramanian on Friday assured all depositors of YES Bank that their funds will remain safe and there is no need to panic.
March 6, 2020 -
Telcos pay off Rs 14,700 cr AGR dues; RBI says ‘no red flags’ raised, but closely monitoring
The Supreme Court, last Friday, came down heavily on the telecom companies for not paying dues to the tune of Rs 1.47 lakh crore to the government.
February 18, 2020 -
Transmission rates steadily improving, inflation spike factored in, says RBI Guv
He added that the said the transmission of rate cuts have improved by 69 bps from earlier 35 bps and will improve further.
February 15, 2020 -
RBI keeps repo rate unchanged at 5.15% in last monetary policy for FY20 amid slowdown
Meanwhile, the apex bank has projected the GDP growth for FY21, starting April 1, at 6 per cent while retaining the estimate for the current financial year at 5 per cent.
February 6, 2020 -
RBI Governor stresses on need for more structural reforms to revive growth
Among the most important fiscal measures the government has taken so far is the cut in corporate taxes, apart from a host of sectoral measures.
January 25, 2020 -
Need to institutionalise state finance commissions: RBI Chief Shaktikanta Das
The governor also said that GST introduction and formation of Niti Aayog give a greater role to the states in our federal set up
November 23, 2019 -
Farm loans to be recovered earlier, Kerala team will meet RBI Governor
'The meeting will be a follow-up on an advertisement given by the State Level Banker's Committee (SLBC) in leading dailies last month that announced recovery of loans from farmers from August 1.'
July 1, 2019 -
Nailed RBI turns blase on IL&FS charge sheet despite court acceptance
The charge sheet clearly articulates that IL&FS kept functioning despite RBI's strictures and SFIO now maintains that the rot could have been prevented had the central bank acted with haste to cauterise the wound, knowing fully well the extent of the malaise.
June 9, 2019 -
Home, auto loans to get cheaper as RBI cuts repo rate by 25 basis points to 5.75%
Amid reluctance by banks to pass on the benefits of lower lending rate, RBI Governor Shaktikanta Das on Thursday said the central bank would make sure that transmission of reduced repo rate would be faster and higher.
June 6, 2019 -
Will continue to lower tax rates if voted to power: Arun Jaitley after RBI’s big interest rate cut
The minister said that over the last 5 years the government did not increase tax rates, and in some cases doubled tax base and increased tax collection.
April 5, 2019 -
RBI cuts key interest rate by 25 basis points to 6%, loan EMIs likely to get cheaper
This is the second consecutive rate cut from RBI under new chief Shaktikanta Das, after a surprise rate cut in February.
April 4, 2019 -
RBI’s dollar-rupee swap to release Rs 35,000 cr liquidity
Under the new swap arrangement, the RBI plans to buy dollars from banks instead of bonds, but will return these dollars at the end of three years for a forward premium.
March 25, 2019 -
State Bank of India to lower interest rates for short-term borrowers
SBI said it will link the savings bank deposits, with balance above Rs 1 lakh to the repo rate with current effective rate being 3.50 per cent per annum, which is 2.75 per cent below the present repo rate.
March 9, 2019 -
Ahead of elections, RBI board approves Rs 28000 crore interim dividend to government
This is the second successive year that the RBI will be transferring an interim surplus; the government received Rs 40000 crore from the central bank during fiscal 2018-19
February 19, 2019