2023-05-22 08:29:09 At a May 22 press briefing, Governor Shaktikanta Das was asked if the RBI had any plans to bring the Rs 1,000 currency note back to mitigate the impact of the govt’s recent move to withdraw the Rs 2,000 note. In response, Das said the RBI did not have any plan to reintroduce … Read more
2023-05-13 06:33:29 Find this comment offensive? Choose your reason below and click on the Report button. This will alert our moderators to take action Name Reason for reporting: Foul languageSlanderousInciting hatred against a certain communityOthers Your Reason has been Reported to the admin. 1683963454 #Shaktikanta #Das #Confident #GDP #grow #cent #FY24 #RBI #Governor #Shaktikanta #Das … Read more
India’s financial system remains “completely” insulated from the recent developments in the US and Switzerland, RBI Governor Shaktikanta Das said, asserting that the country’s banking system is resilient, stable and healthy. The governor of the Reserve Bank of India (RBI) told a press conference here on Thursday that at the global level, the recent developments … Read more
India’s central bank surprised financial markets Thursday by maintaining status quo on interest rates for the first time in 11 monthsas financial stability concerns outweighed those surrounding inflation. However, it also warned investors against misreading the unexpected ‘pause’ as precursor to a likely return of the easy-money era
Shaktikanta Das, the Governor of Reserve Bank of India stated in a speech that widespread use of mobile phones, coupled with availability of internet services, have provided thrust to digital payments. This has led to “anytime anywhere” banking which transcends traditional branch banking hours. About 1,050 crore retail digital payment transactions worth Rs 51 lakh … Read more
Finance minister Nirmala Sitharaman has called a special meeting of state-run lenders later this week to seek their views on heightened global concerns over the banking system’s vulnerability due to monetary tightening. The finance minister will also assess the performance of public sector banks (PSBs) as FY23 draws to a close, besides their capital requirements, … Read more
Reserve Bank Governor Shaktikanta Das on Wednesday stressed the need for augmenting the central bank’s existing computing infrastructure supported by cutting-edge facilities for research and capacity building in emerging areas. In his remarks after laying the foundation stone for a greenfield data centre and enterprise computing & cybersecurity training institute in Bhubaneswar, Das acknowledged the … Read more
Reserve Bank of India governor Shaktikanta Das on Friday said the latest dataprints on growth, inflation and currency volatilities indicate that the worst for the financial markets and the world economy is behind us and that high interest rates for a longer period looks a distinct possibility going forward. Though the global economy is projected … Read more