Page 28 - Shaktikanta Das

Das' capital: Whose money is it anyway?

As a result of this transfer, the RBI's ability to help a set of collapsing banks has come down and the govt's ability to pay its creditors has gone up

RBI's bonanza to give govt ammunition to fight slowdown, boost capex

This comes at a time when the economic growth rate has slumped to a five-year low after accelerating in the first few years of Modi 1.0 regime

RBI's bonanza is an umbrella to a govt that denied existence of clouds

The central bank is coming to its rescue, and without running any immediate risk of exposure to its own credibility

Business energy to power India to become $5-trillion economy: RBI Governor

The RBI chief said the slight slowdown in the last quarter was a temporary one and the economy is likely to end the fiscal with higher growth rate of close to 7 per cent

Harmonise liquidity norms between banks and NBFCs, says Shaktikanta Das

In recent years, India's external sector has benefited from a sustainable level of current account deficit, largely financed by robust foreign direct investment inflows

RBI MPC minutes reveal why Shaktikanta Das opted for rate cut of 35 bps

Two of his RBI colleagues and an independent member in the rate-setting MPC had also favoured a 35-basis point reduction, against the normal practice of 25 or 50 basis points change

Linking loans to repo not the only way for faster transmission: Axis Bank

The comments come at a time when pushing up the sagging economic growth has become the biggest focus for the policymakers

Time to formally link rates to repo, says RBI Governor Shaktikanta Das

Shaktikanta Das likely to initiate required steps in coming weeks

RBI Guv Shaktikanta Das rules out asset quality review of NBFCs for now

Even as he reiterated the regulatory resolve to not let any large NBFC fail, Reserve Bank governor Shaktikanta Das Monday ruled out ordering an asset quality review of the systematically important shadow banks for now. The over 12,000-odd non-banking financial institutions, coupled with their housing finance peers, collectively control a quarter of the credit market, have been under severe stress following the bankruptcy of one of the largest players IL&FS group last September. The IL&FS group owes close to Rs 1 trillion to the system and more than half of that is to banks, mostly state- owned ones. Its failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch. The group is not only under bankruptcy process now but also under many a probe including by the ED, CBI and the SFIO. Addressing the press on the sidelines of the national banking conference being organised by the industry lobby Ficci, Das ruled out ordering an ...

After SBI, RBI Guv says all banks should link loans, deposits to repo rate

Calling for radical corporate governance reforms at state-run banks, Das said their real test would be their ability to access capital from the markets rather than depending on the govt

Growth is highest priority, every policymaker concerned with it: RBI's Das

Das said that weaker-than-expected growth with signs of a slowdown was the key risk to global financial stability, though banks were more resilient to shocks

RBI Governor Shaktikanta Das takes public sector banks to task on rate cut

Das says banks must improve their recovery mechanism

India's interest-rate stance now depends on data, says Shaktikanta Das

Das said he sees signs of a recovery in economic growth and further monetary policy steps will depend on incoming data

RBI keeps retail inflation within target level for over 12 months

CPI-based inflation for first half of the next fiscal, beginning April 2020, has been projected at 3.6 per cent

Banks so far passed on only 29 bps to borrowers of RBI's 75 bps cuts: Das

He said banks have taken this stance despite financial markets, on which they depend for money, moving in tandem with the RBI actions and fully absorbing them rate cuts

Jalan committee finalises report on RBI reserves; board meet on Aug 23

The Jalan committee report will not have the views of former finance and economic affairs secretary Subhash Chandra Garg

RBI's Usha Thorat panel for easier foreign play in currency market

The committee submitted its report to the RBI governor on Thursday

In policy making, you have to take a call beyond numbers: Shaktikanta Das

Numbers are paramount, what our assessment of the incoming data is, and how we see the incoming data, Das said

Repo rate at nine-year low after RBI announces first-ever cut of 35 bps

FY20 growth projection cut to 6.9%; RBI Governor Shaktikanta Das says slowdown cyclical

RBI policy: More rate cuts likely ahead as MPC prefers growth to inflation

The MPC has also brought down the projection of GDP growth of 6.9 per cent from 7 per cent, which is not significant but definitely does affect sentiment