Page 19 - Shaktikanta Das

Coronavirus will result in high NPAs and capital erosion: RBI Governor

There is need for a structured mechanism with legal backing to deal with stressed assets, says the governor

Is Urjit Patel's return to policy space a sign of reconciliation with govt?

In many ways, this is Patel's home ground. Two of his papers, co-authored with Willem H Buiter, on fiscal policies and deficits were acclaimed by economists

RBI Guv Shaktikanta Das briefs central board on Covid-19 relief measures

The 583rd meeting of the Central Board, held via video conference, deliberated on the current economic situation and the evolving challenges posed by the pandemic

RBI Governor briefs central board about the impact of monetary steps

RBI Governor Shaktikanta Das briefed board members about the impact of various monetary and regulatory measures taken by the central bank to deal with the Covid-19 crisis

Regulators, top govt officials meet to pull economy out of crisis

They also deliberated upon the status and developments under the IBC, and the working of credit rating agencies, the RBI said in a statement.

RBI Guv meets heads of rating agencies, seeks assessment of Indian economy

During the meeting, among other matters, agencies' assessment of the macroeconomic situation and outlook on various sectors, including the financial sector, was discussed.

MPC members see Covid-19 lockdown dealing a multi-year hit to economy

Demand impact will continue to weigh heavily on economic activity for some time, says Shaktikanta Das, but is optimistic about rural economy due to good farm harvest

Interest waiver will impact financial viability of banks: RBI to SC

The RBI also said that the moratorium on loans, which was recently extended to August 31, is in the nature of a deferment and cannot be construed to be a waiver

RBI repo cuts not effective any longer? They seem to have lost their sting

In 12 months, bond yields are down 100 bps, against 200-bps cut in repo

FSDC meet on Thursday to discuss impact of coronavirus on economy

This will be the first meeting of the FSDC, which comprises RBI Governor and other financial sector regulators, after the outbreak of the coronavirus.

Covid-19 crisis: Only 46% women with Jan Dhan accounts withdrew money

The slow pace of withdrawals confirms what Reserve Bank of India Governor Shaktikanta Das stated in his monetary policy statement on Friday: 'Private consumption has suffered a precipitous decline'

Looking beyond the rate cut

Credit guarantees from government, deficit financing by the RBI and an HTM hike for banks are the only solutions that can get the wheel of credit and investment rolling

RBI's 40 bps rate cut to revive auto, real estate sales, say CEOs

Rise in group exposure limits to help large corporates

India Inc welcomes RBI's rate cut, says will revive demand in auto, realty

Falling rates to help; rise in group exposure limits will support large companies

RBI should 'bluntly' tell govt to take fiscal measures: P Chidambaram

He also asked if the prime minister or the finance minister will laud themselves for the fiscal stimulus after the RBI chief's statement

South America is the new Covid19 epicentre, India sees biggest daily spike

Here's a look at major coronavirus related developments across the world

South America is the new Covid-19 epicentre, India sees biggest daily spike

Here's a look at major coronavirus related developments across the world

RBI fortifies war-room with more manpower as coronavirus pandemic rages on

The central bank, which handles billions of transactions, is served by around 14,000 employees across its main office and 31 regional offices

RBI extends loan moratorium till Aug 31, silent on one-time restructuring

The central bank has increased group exposure limits of lenders from 25% to 30%

RBI forecasts economic contraction, announces a sharp 40-bp rate cut

The six-member MPC also kept policy stance unchanged at 'accommodative' for "as long as necessary" to revive growth