Tag: Shaktikanta Das

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

Arun Jaitley to address RBI Central Board of Directors today

In a post-budget exercise, the Finance Minister may discuss among other issues an action plan for the fiscal consolidation for the coming months

February 18, 2019

Loans may get cheaper as RBI cuts repo rate by 25 basis points to 6.25%; stance changed to ‘neutral’

Addressing the media on monetary policy, Das said the GDP growth has been projected at 7.4 per cent for 2019-20.

February 7, 2019

RBI Governor says central bank will look into issues of MSMEs

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday that the central bank has formed a committee to look into issues of the Micro, Small and Medium Enterprises (MSMEs).

January 7, 2019

Prompt corrective action?

That two economists of international eminence have found it impossible to serve as its governors under the current dispensation is self-revealing of the narrow straits into which India’s central bank is being forced into, which is far from edifying.

December 17, 2018

Appointment of Shaktikanta Das as RBI Governor ‘dangerous’ for country: Shiv Sena

Questioning Das' credentials for the crucial post, the Sena said while the two previous RBI governors - Raghuram Rajan and Urjit Patel - were world-renowned economists, the current incumbent is only a graduate with no "known" knowledge of economics and is an IAS officer (bureaucrat) with specialisation in history.

December 15, 2018

RBI Governor Shaktikanta Das to steer first central board meet today amid autonomy row

The meeting comes in the backdrop of surprise resignation by Urjit Patel earlier this week citing personal reasons.

December 14, 2018

RBI’s outreach effort, lower inflation pushes up Sensex

Foreign Institutional Investors (FII) bought shares worth Rs 675.14 crore on Thursday while Domestic Institutional Investors (DII) sold stocks worth Rs 51.86 crore, provisional data from the BSE showed.

December 13, 2018

Shaktikanta Das for ‘frank’ discussions with government

New RBI Governor says he will 'uphold professionalism, values, credibility and autonomy of the institution'; has called a meeting of the heads of state-run banks on Friday

December 13, 2018

P Chidambaram, Subramanian Swamy criticise appointment of Shaktikanta Das as RBI Governor

While former Finance Minister P Chidambaram alleged that Das would play to the tunes of the central government, Rajya Sabha MP Subramanian Swamy raising questions on the RBI Governor’s proximity to Chidambaram.

December 12, 2018

Sensex, Nifty soar as Shaktikanta Das appointed RBI Governor, poll results declared

Meanwhile, the Indian rupee opened lower by 35 paise at 72.20 per dollar on Wednesday versus yesterday's 71.85.

December 12, 2018