shaktikanta das Archives

RBI governor-headed FSDC-SC resolves to remain vigilant against external vulnerabilities

September 10, 2023

2023-08-28 16:26:34 RBI Governor Shaktikanta Das-headed Sub-Committee of the Financial Stability and Development Council (FSDC-SC) on Monday resolved to remain vigilant against any build-up in vulnerabilities in the financial system as well as in the broader economy amid uncertain global environment. With a view to strengthening and institutionalising the mechanism for maintaining financial stability, enhancing … Read more

rbi: RBI could extend incremental CRR to rein in liquidity

August 16, 2023

2023-08-16 19:15:37 The Reserve Bank of India (RBI) may extend the temporary incremental cash reserve ratio (CRR) it imposed on banks last week as the monetary authority is seen training its sights on liquidity management to tackle inflation rather than lifting benchmark policy rates to tame wild jumps in food prices. Consumer Price Index (CPI) … Read more

rbi: Private sector should also fund GPGs to aid inclusion: Shaktikanta Das

August 12, 2023

2023-08-11 19:25:00 MUMBAI: The central bank governor Friday urged India’s private sector to help build commercially viable public infrastructure so that the broader social objective of deepening financial inclusion is achieved. Terming the Unified Payments Interface (UPI), a public sector initiative, Reserve Bank of India (RBI) Governor Shaktikanta Das said that it was not necessary … Read more

RBI monetary policy: The liquidity lever may prove to be better price tamer

August 10, 2023

2023-08-10 19:33:02 MUMBAI: Monetary policy — and interest rates — are near-synonymous. But going by the central bank’s surprise choice of price-taming instrument Thursday, they need not be so in the next few quarters. Whenever monetary authorities wanted to influence price levels for goods and services, they resorted to the popular tool — interest rates … Read more

States should focus on fiscal consolidation and improving quality of expenditure: RBI Guv Das

July 7, 2023

2023-07-06 16:10:21 Reserve Bank of India Governor Shaktikanta Das on Thursday emphasised the need for the States to focus on fiscal consolidation and improving quality of expenditure focus on fiscal consolidation and improving quality of expenditure. At 33rd Conference of State Finance Secretaries, Das also underscored the importance of issues related to the fiscal health of … Read more

50% of Rs 2,000 notes in circulation have come back to banks, reveals RBI

June 9, 2023

2023-06-08 07:32:06 In about two weeks, almost half of the ₹2,000 currency notes in circulation, worth around ₹1.8 lakh crore, have come back to the banking system. Of this, 85% of ₹2,000 notes, which is ₹1.53 lakh crore has been deposited in bank accounts while the remaining were exchanged. Either one can deposit the ₹2,000 … Read more

RBI Monetary Policy: An interest rate cut emerges on the horizon

June 8, 2023

2023-06-08 19:12:52 It is not often that central bankers put real interest rates at the heart of the monetary policy decision. But Reserve Bank of India Governor Shaktikanta Das did so on Thursday, allowing observers to surmise about what his line of thinking is, on a day he chose to provide little by way of … Read more

Service sector cushions India’s economy from high interest rates

May 31, 2023

2023-05-31 03:00:10 India’s economic growth probably matched government estimates as demand spurred an expansion in the services sector and cushioned the impact of elevated interest rates. Data due Wednesday is likely to show gross domestic product in the year to March 2023 grew 7%, according to the median estimate in a Bloomberg survey that’s in … Read more