Page 16 - Shaktikanta Das

RBI announces a mix of unconventional steps to check borrowing costs

Das doubled the size of open-market bond purchases to $2.7 billion, offered to buy state debt, and also ease a corporate cash crunch through a Rs 1 trn of targeted long-term funds available on tap

RBI MPC votes to keep key rates unchanged, maintains accommodative stance

Mood of the nation has shifted to confidence & hope, says RBI Governor Shaktikanta Das

RBI's focus has been on liquidity provision in the right areas

With inflation targeting being the rule, the relentless high levels of CPI inflation were to be the barrier to any further cut in interest rates

Govt appoints Ashima Goyal, Jayanth Varma, Shashanka Bhide as MPC members

MPC meeting likely early next week with new panel

RBI likely to keep interest rates unchanged in upcoming policy review

RBI Governor Shaktikanta Das had earlier said although there was headroom for further monetary policy action, it was important to keep "our arsenal dry and use it judiciously."

RBI devolves 10-yr bond auction for fourth time, underwriters step in

Bond dealers say the central bank has singled out the 10-year bonds as marquee rate setting bonds and is trying to put out a forceful rate signal

The trade push

India should focus on exports for growth

RBI battle-ready to meet economy's needs: Governor Shaktikanta Das

Says protecting depositors' money, ensuring financial stability key concern

Top headlines: Dr Reddy's to get Russia vaccine, airlines' Q1 revenue dips

Business Standard brings you the top headlines of the day

Will take necessary measures to promote growth: RBI Guv Shaktikanta Das

RBI Governor Shaktikanta Das assured the industry that the central bank will take all necessary measures to ensure liquidity in the system and promote economic growth

Three external members of MPC may get a short extension next week

The pandemic situation has prompted the move even as the search committee is looking for fresh external candidates, according to the government sources

Govt to infuse Rs 20,000 cr in public sector banks; seeks parliamentary nod

The government has infused Rs 3.5 trillion in PSBs in the last few years, with the previous round of recapitalisation taking place in September 2019

Loan restructuring: This time is different

It marks a reversal in the approach to tackling bad loans, but it is not kicking the can down the road

Firms raising 3-month money at much lower than RBI's overnight rates

Even as FCI is raising Rs 75,000 cr for three months at 4.69%, companies are regularly tapping bond market for the same tenure at as low as 3.2%, way lower than RBI's repo rate of 4%

Capital raise isn't a reason to turn optimistic on banking stocks

Rs 47,000 crore raise by private banks in two months may be just adequate to meet the provisioning costs

Supporter of Indian industry: India Inc pays tribute to Pranab Mukherjee

RP-Sanjiv Goenka Group Chairman Sanjiv Goenka said that "a big banyan tree of Indian democracy" is no more

GST compensation row: FM's 'act of God' can be a nightmare for RBI

The government has invoked "act of God" for not paying its due to the states directly

Unlock BFSI 2.0: Early to predict the economic recovery curve: Bank CEOs

Top bank executives attempted to shed the tag of being risk-averse and averred that viable businesses would get the red carpet from lenders

Unlock BFSI 2.0: Not risk-averse, only careful and prudent, say bank CEOs

Most bankers who participated in the Business Standard Unlock BFSI 2.0 webinar event held on Thursday felt that they expect better indicators of the economy in the third quarter of the financial year

RBI refuses to budge on bond rates, rupee strengthens to 6-month high

Central bank seems to have briefly withdrawn from intervening in spot currency markets, even as it continued with its forwards markets intervention