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RBI Governor News

31 Aug 2024

Q1 GDP Dip Due to Elections Code, Limited Govt Spending: RBI Governor

The Governor also showed confidence that in the coming quarters when the government spending will increase the RBI will be able to achieve the target of 7.2 per cent growth projection for this fiscal year.

RBI Bomb Threat

26 Dec 2023

Email Bomb Threat Sends RBI, Banks In panic; FM And RBI Governor Asked To Quit

The email warned that if the demands were not met, the bombs would explode at 11 locations in Mumbai, including the RBI office, HDFC bank, ICICI bank, and Axis bank.

18 Nov 2023

State Bank of India Sees Minimal Hit From Tighter Rules For Personal Loans

The Reserve Bank of India (RBI) asked banks on Thursday to set aside more capital, following repeated warnings about rapid growth in some personal loans. Governor Shaktikanta Das had in the recent monetary policy review said banks should strengthen internal processes to curb risks.

25 Jun 2023

Central Bank Will Strive To Get CPI Down To 4%; El Nino A Challenge: RBI Gov

The central bank's rate hikes by a cumulative 2.50 per cent since May last year, coupled with supply-side measures from the government, have helped get the inflation down to 4.25 per cent in May from a peak of 7.8 per cent in April last year, Das said.

500 and 1000 currency news

08 Jun 2023

RBI's big disclosure regarding 1000 rupee notes?

500 and 1000 rupees notes: RBI governor has made a big disclosure this morning about 500 and 1000 rupees notes.

22 May 2023

Will ₹1,000 Currency Notes Make a Comeback? RBI Governor Breaks Silence

RBI governor says there's no concrete plan regarding bringing Rs 1,000 denomination notes. He says, "that's speculative". Banks will start exchanging or depositing Rs 2000 notes from tomorrow.

28 Feb 2023

Bill Gates Visits RBI HQ In Mumbai; Meets Governor ShaktiKanta Das

Bill Gates visited Reserve Bank of India (RBI) Mumbai on Tuesday. The meet was confirmed by RBI official twitter handle. Gates in his latest blog ‘My Message in India: TO fight climate change, improve global health’ said India as a whole gives him hope for the future.

RBI monetary policy 2023

08 Feb 2023

RBI MPC Meet Concludes Today - Here are 5 Key Takeaways

RBI increases Repo rate by 25 basis points to 6.50%. MPC took the decision with the majority vote of 4 against 2 in the meeting between February 6-8. Earlier, RBI MPC hiked repo rate by 35 bps in December 2022.

14 Jan 2023

Cryptocurrencies are equivalent to gambling: RBI Governor

Crypto currencies are equivalent to gambling: RBI Governor. Those supporting it call it an asset or a financial product, but there is no underlying value in it, he added. To counter the growth of cryptocurrencies, the central bank recently launched in pilot mode, its own e-rupee or central bank digital currency (CBDC).

Reserve Bank of India

06 Dec 2022

Parliamentary panel report recommends 6-year term for RBI Governor

According to highly placed sources, the Parliamentary panel which is headed by BJP MP Jayant Sinha has prepared a comprehensive report on RBI, suggesting sweeping reforms in it.

Reserve Bank of India

13 Nov 2022

Inflation above 6 percent would be detrimental to India's growth: RBI Governor

RBI said that inflation above 6 per cent would be detrimental to India's growth. RBI is required to ensure that retail inflation remains at 4 per cent with a margin of 2 per cent on either side. RBI Governor Shaktikanta Das said there was no need to change the inflation target.

30 Sep 2022

Regulations for offline payment aggregators to be at par with online peers

Das said there will be "convergence on standards of data collection and storage" after the move. Meanwhile, Das also announced that the criteria for regional rural banks (RRBs) to be eligible to provide internet banking to their customers are being rationalised.

30 Sep 2022

RBI slashes India's growth forecast to 7% from 7.2%; Check details

RBI slashes growth projection to 7% for the current fiscal. Earlier, it was forecasted to 7.2%. RBI cites the reason of aggressive tightening of monetary policies globally and moderation demand.

30 Sep 2022

RBI keeps inflation projection for FY23 to 6.7%

Reserve Bank on Friday retained its inflation projection for current fiscal year at 6.7 per cent. 'The impact of inflation globally is weighing heavily on the domestic market': RBI Governor. For first quarter of next fiscal year, retail inflation is forecast at 5 per cent.

03 Sep 2022

Domestic banks should keep more capital for worst-case scenario: RBI governor

RBI governor stressed banks should raise more capital due to uncertain global financial environment. He assures RBI keeps track of excessive lending in any sector - NBFCs, small financial banks, etc. India's inflation has reached to peak and now it is in declining phase, said Das.

Shaktikanta Das

03 Sep 2022

India’s inflation will go downward in future, says RBI governor

According to the RBI governor, there will be minor ups and downs in the coming months, but the overall trend will be downward. Das, on the other hand, refused to comment on initiatives that might be announced following the upcoming policy meeting.

Reserve Bank of India

09 Jul 2022

RBI Governor says inflation expected to ease in 2nd half of 2022-23

The retail inflation has been over upper tolerance band of 6 per cent for the fifth consecutive month. RBI`s mandate is to keep retail inflation at 4 per cent with a tolerance band of 2 percentage points.

08 Apr 2022

CPI inflation projected at 5.7%, says RBI Governor Shaktikanta Das

Macroeconomic outlook is undergoing tectonic upheavals, necessitating proactive measures. RBI's approach will remain sophisticated and nimble, added Das.

RBI MPC meeting

08 Apr 2022

RBI MPC Meet: RBI to unveil monetary policy today

A poll suggests that RBI is expected to increase interest rates in August MPC meeting. The MPC meeting will begin at 10 a.m. RBI governor will announce the interest rate trajectory.

Reserve Bank of India

24 Feb 2022

Continued policy support crucial for sustained economic recovery: RBI Governor

The governor said the renewed surge in international crude oil prices, however, requires close monitoring. RBI decided to keep its key lending rates steady at record low levels for the 10th straight time to support a durable recovery of the economy from the pandemic. The six-member MPC, which has been on pause since August 2020.

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