Tag: Shaktikanta Das
17 Results
-
Retail inflation to remain elevated in third quarter: RBI
RBI Governor Shaktikanta Das said that inflation is likely to remain elevated, barring transient relief in the winter months from prices of perishables.
December 4, 2020 -
RBI maintains accommodative stance; keeps repo rate unchanged, reverse repo rate at 3.35%
RBI 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 -
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 -
RBI Governor tests positive of COVID-19, to work from isolation
"I have tested COVID-19 positive. Asymptomatic. Feeling very much alright. Have alerted those who came in contact in recent days," he said in a tweet.
October 25, 2020 -
India at the doorstep of economic revival, says RBI Guv Das
He further said that the central bank has asked all the banks and NBFCs to undertake stress test internally.
October 22, 2020 -
RBI to conduct OMOs in SDLs worth Rs 10,000 cr
Accordingly, RBI will purchase the SDLs... through a multi-security auction using the multiple price method.
October 17, 2020 -
RTGS system to be available 24×7 from December 2020
While making the announcement noted that India will be among very few countries globally with '24x7x365' large value real-time payment system.
October 9, 2020 -
Will introduce on-tap TLTRO worth Rs 1 lakh crore, says RBI
The liquidity availed under the scheme can also be used to extend bank loans and advances to these sectors.
October 9, 2020 -
RBI raises retail exposure threshold for banks to improve credit flow
Under the extant framework, the maximum aggregated retail exposure to one counterparty should not exceed the absolute threshold limit of Rs 5 crore.
October 9, 2020 -
RBI ready to conduct market operations to dispel any illiquidity in fin markets: Das
Three auctions of government securities conducted by RBI got devolved as market participants stayed away from buying bonds.
October 9, 2020 -
Equity benchmarks surge after RBI policy; financial, realty stocks gain
At 1.20 p.m., Sensex was trading 283.74 points higher at 40,466.41 levels while the Nifty was at 11,903.70, up by 69.10 points.
October 9, 2020 -
RBI keeps repo rate unchanged at 4%, GDP to contract 9.5% in current FY
Consequently, the reverse repo rate, at which the RBI borrows from lenders, stood at 3.35 per cent.
October 9, 2020 -
Recovery of the pandemic-hit Indian economy will be gradual, says RBI Guv Shaktikanta Das
The Governor also assured the industry that "RBI is battle ready... whatever measures are required will be taken by the RBI".
September 16, 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 -
Forex reserves soars by $11.9 billion to record peak of $534.568 billion
Governor Shaktikanta Das said the reserves at $534.6 billion are equivalent to 13.4 months of imports.
August 8, 2020 -
GDP growth rate expected to be negative in FY21: RBI
1. Governor Das said that the Reserve Bank of India (RBI) expects country’s real GDP growth rate for the first half of FY21 to remain in the negative territory. 2. The MPC expects elevated inflation levels during the second quarter but may ease in the second half of the current fiscal year.
August 6, 2020 -
RBI expects elevated inflation levels during Q2
Das made the comments while he was announcing the decisions taken by the central bank's MPC.
August 6, 2020