The rates represent a particular stance with regard to the monetary policy and the committee decided to continue with the accommodative stance, said RBI Governor Shaktikanta Das
RBI monetary policy 2022: 'India is charting a different course of recovery than the rest of the world, to be the fastest-growing economy,' says RBI governor
RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Thursday
The FSDC sub-committee reviewed the economic situation in the backdrop of the COVID pandemic and resolved to keep a close watch on the unfolding developments with a view to ensure financial stability
From crypto concerns to policy normalisation, deposit insurance, Shaktikanta Das' reappointment as RBI governor and Citi's India exit, here are the key developments in for the financial sector in 2021
Policy makers will stick to their resolve of keeping their stance easy to achieve the growth goal for now, said economists, including Standard Chartered Plc's Anubhuti Sahay
Being an economist might be desirable but parachuting one in certainly isn't
He also said that RBI remains committed to ensuring that the banking system remains robust and resilient
Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors to be careful while chasing high returns as it comes with higher risk. Das said high returns come with higher risk, so depositors should be discerning enough while chasing returns. Speaking at the 'Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 lakh', he said the RBI remains committed to ensuring that the banking system remains robust and resilient.
Having kept the main interest rates steady on Wednesday, Das starts his next three-year term Dec. 11 with some in the bank already calling for unwinding the ultra-loose policies.
The comments came after the RBI's Monetary Policy Committee (MPC) left the key policy rates unchanged for the ninth time in a row
Fitch increases FY23 GDP growth forecast to 10.3%; Shriram Properties IPO nearly sales through on day 1
Reserve Bank's Governor Shaktikanta Das on Wednesday said that India's economy is on the path of recovery.
RBI Monetary policy LIVE updates: RBI announcement comes amid the threat surrounding Omicron coronavirus variant. Stay tuned for all the LIVE updates
The committee held the lending rate, or the repo rate , at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35%
Central bank maintains FY22 GDP forecast at 9.5 per cent and projected retail inflation to be at 5.3 per cent.
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Boards' role in challenging management proposal critical: Das
The central bank is closely monitoring the business models and strategies of banks, Reserve Bank of India Governor Shaktikanta Das said on Tuesday. He, however, clarified that the central bank's move is not intended at interfering in banks' commercial decisions, but it will red flag lenders if there is any risk building up. At the RBI, we have started taking a closer look at the business models and strategies of banks. Take your commercial decisions, we will not interfere, but we will see what kind of vulnerabilities and what kinds of risks are building up, and our first priority would be to caution banks themselves, Das said at the SBI's Banking and Economic Conclave. He said the RBI's supervision is now almost on a real-time basis and is not an annual exercise anymore. Technology has enabled a more intensive look towards the supervision process. While banks take their commercial decisions, they should also factor in the available liquidity and also the kind of interest rate ...
Shaktikanta Das on Tuesday asked banks to be investment-ready when the private Capex cycle picks up, as the pandemic-battered economy is on a strong recovery path