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RBI proposes to reduce clearing cycle by introducing continuous clearing with 'on-realisation-settlement' in Cheque Truncation System
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RBI Governor Shaktikanta Das observed that operational efficiency can be improved through the automation of routine tasks, which reduces human error and frees up resources for more strategic activities.
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To advance this initiative, the Reserve Bank has formed a committee led by A.P. Hota, former MD & CEO of NPCI, to explore setting up a digital public infrastructure for the platform.
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Das, speaking at the FIBAC 2023 conference, emphasized the necessity for NBFCs to diversify funding sources, reducing reliance on banks to mitigate risks linked to high interconnectedness.
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The governor had agreed to convene this special meeting on 30 or 31 August subject to 'all directors attending it', the memoir published by Harper Collins said.
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As much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks.
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Governor Shaktikanta Das on Thursday said "it's a pause and not a pivot" about the Reserve Bank's surprise decision to hold the key policy rate
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Rahul Gandhi had a more than half-an-hour discussion with Rajan during the yatra, which resumed this morning from Bhadoti of Sawai Madhopur.
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New Delhi: India’s inflation is expected to ease gradually in the second half of the current financial year 2022-23, “precluding the chances of a hard landing” monetary policy actions, said the Reserve Bank of India Governor, Shaktikanta Das. The central bank Governor made the remarks at the ongoing Kautilya Economic Conclave, organized by the Institute […]
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Mumbai: Reserve Bank of India (RBI) on Wednesday raised the interest rate by 50 basis points to a two-year high of 4.9 per cent as it doubled down to tame inflation that has surged in the last couple of months. The rate hike comes on the back of a 40 bps increase effected by RBI […]
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Chennai: India’s central bank is mulling further rate hikes, said its Governor Shaktikanta Das. He also said the Reserve Bank of India (RBI) will not allow the rupee to depreciate and prevent volatility in the currency market. In an interview to the CNBC TV18 channel, Das also said the RBI will release the new forecast […]
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Das was appointed the RBI's 25th governor on December 11, 2018, initially for a period of three years.
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The monetary policy committee headed by the RBI Governor is set to revise the policy framework and inflation targets by March 31
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With regard to inflation, RBI Governor Shaktikanta Das said vegetable prices are expected to remain soft in the near term
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"Banks have been able to raise a lot of money from the markets. About Rs 40,000 crores have been raised by the public sector banks both in the form equity and also AT1 and Tier II bonds.
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It can be noted that the festivities, coupled with pent-up demand during the lockdown, had resulted in improvement in many economic indicators in October
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I recognise that there exists space for future rate cuts if the inflation evolves in line with our expectations. This space needs to be used judiciously to support recovery in growth, says RBI Governor
