RBI Governor

Credit growth far away from being considered as 'exuberant', says RBI governor

Das said that just as the credit growth looks very high because of the low base effect of the previous years, the deposit growth is also pretty low because of the base effects of the previous years.

published on : 21st December 2022

Forex reserves decline by another USD 8 billion

Das added that the forex reserve is adequate. At USD 537.5 billion, India’s forex reserve covers for just over 8 months of imports.

published on : 1st October 2022

Indian economy is an island of macroeconomic, financial stability: RBI Governor

He said the financial stability, macroeconomic stability and resilience of growth is being witnessed despite two Black Swan events happening one after the other and multiple shocks.

published on : 5th August 2022

'You buy umbrella to use it when it rains': RBI Governor on using forex reserves to tackle currency volatility 

Due to the RBI actions, including measures to encourage inflows, the movements of the rupee have been relatively smooth and orderly, the governor pointed out.

published on : 22nd July 2022

Tighter monetary policy would have been disastrous to economy: RBI governor

Shakikanta Das said the RBI's tolerance toward high inflation during the pandemic was a necessity and the central bank stands by its decision.

published on : 17th June 2022

RBI extends rationalised home loan norms till March 2023 

Recognising the importance of the housing sector and its multiplier effects, it has been decided to extend the applicability of these guidelines till March 31, 2023, the Governor said.

published on : 8th April 2022

Ex-RBI chief Raghuram Rajan flags risks for India’s overseas debt plan

Finance Minister Nirmala Sitharaman's plan to sell bonds overseas comes as PM Modi faces shrinking options to raise funds.

published on : 13th July 2019

RBI governor Urjit Patel to appear before Parliamentary panel

Last month, the Parliamentary Standing Committee on Finance met finance ministry officials to respond to queries on recent bank frauds and mounting NPAs.

published on : 17th May 2018

RBI, Sebi need to be cognizant of market risks: RBI Governor Urjit Patel

The correction in the last few days underscores that market indices can change direction, says RBI Guv Urjit Patel

published on : 11th February 2018

Too early to take decisive action on bitcoins, says former RBI governor Duvvuri Subbarao

Subbarao who spoke on a wide array of topics concerning the present financial situation also vocally supported the proposed Financial Resolution and Deposit Insurance Bill.

published on : 4th January 2018

Hard to figure out the actual impact of demonetisation, especially on the informal sector: Raghuram Rajan

He reiterated that he had told the government in early 2016 that the short-term consequences of the note-ban exercise would outweigh the long-term benefits.

published on : 6th September 2017

Where would Apple, IBM be if not for talent from across globe: RBI governor

Share prices of the most efficient corporations in the world are where they are because of global supply chains, Urjit Patel said.

published on : 25th April 2017