Shaktikanta Das

RBI Governor asks bankers to be watchful of evolving macroeconomic situation

Other matters that were discussed during the meeting include asset quality, investments in IT infrastructure, adoption of new-age technology solutions, functioning of digital banking units, etc.

published on : 16th November 2022

RBI Governor to meet CEOs of banks on Wednesday; to discuss slow deposit growth

According to an agenda circulated for the meeting, sources said, sustainability, including pricing and slow growth of deposits, would be discussed.

published on : 15th November 2022

Forex reserves for use on ‘rainy days’, says RBI governor Shaktikanta Das

India’s forex reserves were at $530 billion in the week ending on 4 November 2022.

published on : 13th November 2022

India likely to remain fastest growing major economy: RBI Governor

India is assuming the Presidency of G20 with stronger macroeconomic fundamentals compared to many other countries, Das said.

published on : 12th November 2022

Rupee has behaved orderly since Russia-Ukraine war: RBI Governor Das

The rupee has appreciated by 12.4 per cent against the Japanese Yen, 5.9 per cent against the Chinese Yuan, 4.6 per cent against the pound sterling and 2.5 per cent against the Euro, he said.

published on : 2nd November 2022

Retail e-rupee trials will start this month itself, says RBI governor

The broader wish of the RBI is to execute a full-fledged launch of the central bank digital currency "in the near future", Das said, choosing not to share a timeline for the same.

published on : 2nd November 2022

Our aim is to keep 'Arjuna's eye' on inflation: RBI Governor

"No one can match the prowess of Arjuna, but our (RBI's) constant effort is to keep an Arjuna's eye on inflation," Das said at a conference of bankers in Mumbai.

published on : 2nd November 2022

Missed inflation target, but acting early would have exerted heavy costs: RBI Das

Amid the charged-up debate on rupee depreciation, Das asked everybody not to look at the situation in an emotional manner, asserting that the domestic currency has behaved in an orderly way.

published on : 2nd November 2022

RBI fails inflation mandate

Since adopting inflation targeting regime in 2016, RBI never missed its mandate till 2020

published on : 23rd October 2022

World economy in the eye of a new storm and no one is insulated from it, says RBI's Shaktikanta Das

"In the last two and a half years, the world has witnessed two major shocks-- the Covid-19 pandemic and the conflict in Ukraine. These shocks have produced profound impact on the global economy."

published on : 30th September 2022

Two-third of decline in forex reserve due to depreciation in Euro, Pound, Yen: RBI Governor

Das said that India’s foreign exchange reserve stood $ 537.5 billion as on 23 September 2022, down from $545 billion a week ago.

published on : 30th September 2022

RBI red-flags loan apps’ unethical recovery practices

RBI Governor Shaktikanta Das said the need of the hour is to ensure safety following a process of whitelisting and due diligence by the regulated entities.

published on : 21st September 2022

RBI Board reviews current economic situation, impact of geopolitical crises 

The Board also discussed various areas of operations of the Reserve Bank, including the functioning of the local boards and activities of select central office departments, the central bank said.

published on : 26th August 2022

RBI Governor maintains strong stance against cryptocurrency

The central bank has always been skeptical over cryptos and sees it only as a potential challenge to currency.

published on : 24th August 2022

Inflation above RBI target worries MPC members

The minutes of the Monetary Policy Committee meeting show members of the committee remain cautious of the underlying inflationary pressure despite the recent moderation.

published on : 20th August 2022

Unacceptably high inflation led to 50 bps rate hike; expect measured policy moves: RBI Governor

Inflation still remains at uncomfortably or unacceptably high levels and therefore, monetary policy has to act, the RBI Governor told reporters

published on : 5th August 2022

Banks cannot perennially rely on RBI money to support credit offtake: Shaktikanta Das

The RBI Governor said banks have already started to pass on the hike in repo rates to their depositors and the trend is expected to continue.

published on : 5th August 2022

India's Forex reserves remain fourth largest globally, says RBI Governor

The RBI governor said the depreciation of the Indian rupee is more on account of the appreciation of US dollar rather than weakness in macroeconomic fundamentals of the Indian economy.

published on : 5th August 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

India's Forex reserves remain fourth largest globally, says RBI Governor

The Reserve Bank of India (RBI) on Friday increased the policy repo rate by 50 basis points to 5.4%.

published on : 5th August 2022
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