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Shaktikanta Das

What caused RBI to shift from convention on rate cut

RBI Governor Shaktikanta Das, according to the minutes of the meeting released on Wednesday, said that "the economy needs a larger push" and a reduction in the policy repo rate by conventional 25 bps will be inadequate.

Aug 22, 2019, 11:12 AM IST

Risk burning monetary policy room by 35 bps cut: MPC member

At its last bi-monthly monetary policy review meeting here earlier this month, the Reserve Bank of India's (RBI) MPC voted by a 4:2 margin to cut its repo, or short-term lending rate for commercial banks, by an unprecedented 35 bps to 5.40 per cent.

Aug 22, 2019, 11:06 AM IST

Amid slowdown, RBI Governor hints at softer approach on rates

In his inaugural address at the Indian Banks' Association annual flagship conference, FIBAC 2019, here, the Reserve Bank of India (RBI) Governor also said the real test for public sector banks (PSBs) is their ability to tap the capital market to raise funds.

Aug 19, 2019, 16:03 PM IST

RBI revises GDP growth forecast for 2019-20 to 6.9% from 7.0%

In the MPC’s June resolution, real GDP growth for 2019-20 was projected at 7.0 percent – in the range of 6.4-6.7 percent for H1:2019-20 and 7.2-7.5 percent for H2 – with risks evenly balanced.

Aug 07, 2019, 12:16 PM IST

RBI cuts repo rate by 35 basis points in third bi-monthly monetary policy

The move is expected to lead to reduction of lending rate by banks leading to lower EMI for housing, car loan and corporate borrowers. This is RBI's second monetary policy after Modi 2.0 took charge in May.

Aug 07, 2019, 11:49 AM IST

Bank lending to non-bank firms set to gather pace: Shaktikanta Das

The central bank was closely monitoring and scrutinising the top 50 NBFCs, and had a good understanding of what were the numbers and cash flows of these firms, Das was quoted as saying.

Jul 26, 2019, 11:13 AM IST

RBI's change in stance as good as additional 25 bps rate cut: Shaktikanta Das

While the RBI has cut rates 75 bps since the start of 2019, banks have only eased their key rate by 15-20 bps.

Jul 22, 2019, 10:21 AM IST

Economic activity clearly losing traction: Das said at MPC meet

Das, as per the minutes of the June 3-6 Monetary Policy Committee, said that since the last meeting of the rate-setting panel in April 2019, greater clarity has emerged about the evolving macroeconomic situation.

Jun 21, 2019, 11:07 AM IST

Economic activity losing traction, needs decisive monetary policy: RBI Governor at MPC meet

The Indian economy has been clearly losing traction and needs a decisive monetary policy to promote growth, said Reserve Bank of India Governor Shaktikanta Das while voting for a 25 basis points (bps) rate cut along with other five members at the MPC meet earlier this month.

Jun 20, 2019, 20:27 PM IST

Nirmala Sitharaman to attend G-20 Finance Ministers' meeting in Japan

Besides Sitharaman, RBI Governor Shaktikanta Das is also likely to attend the meeting at Fukuoka in Japan.

Jun 05, 2019, 11:41 AM IST

India to cut rates in June, but analysts split on if it should: Poll

Under Governor Shaktikanta Das, who took over as RBI governor from Urjit Patel in December last year, the central bank delivered rate cuts at its previous two meetings, in February and April.

May 29, 2019, 10:02 AM IST

Home, auto loans set to be cheaper as RBI cuts repo rate by 25 bps to 6%

After the rate reductions, the reversed repo rate stands adjusted at 5.75 percent.

Apr 04, 2019, 11:54 AM IST

RBI to announce first bi-monthly monetary policy of 2019-20 shortly

The Monetary Policy Committee headed by RBI Governor Shaktikanta Das will announce the resolution of the meeting at around 11.45 today.

Apr 04, 2019, 10:06 AM IST

RBI to issue guidelines on regulatory sandbox in next two months: Das

A regulatory sandbox is a framework set up by a regulator that allows FinTech startups to conduct live experiments in a controlled environment under supervision.

Mar 25, 2019, 14:41 PM IST

RBI Governor to meet heads of payments banks later this week

As many as seven payments banks have commenced their operations.

Mar 25, 2019, 12:22 PM IST

RBI board warned of noteban's short-term impact on economy; no material effect on black money

Curbing black money was one of the prime objectives of the shock move to junk old Rs 500 and 1,000 notes.

Mar 11, 2019, 18:08 PM IST

Rating agencies play critical role in providing stability to financial sector: RBI Guv

Das Thursday held a meeting with top officials of credit rating agencies as part of stakeholder consultation exercise.

Mar 08, 2019, 18:10 PM IST

Will meet bank heads on Feb 21 on transmission of rate cut, says RBI Guv

Earlier this month, the Reserve Bank cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.

Feb 18, 2019, 13:32 PM IST

After a surprise rate cut, Das promises more if inflation falls

The surprise 25 basis points rate cut to 6.25 percent is a measure to broad base credit growth across all the sectors of the economy that's gathering more steam now, the governor said.

Feb 08, 2019, 10:01 AM IST

Chanda Kochhar case: RBI says law will take its own course

The role of the regulator is limited to looking at the violations of its regulations by individuals or groups, and act on the same, governor Shaktikanta Das said.

Feb 08, 2019, 09:59 AM IST