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According to Das, the banks and non-bank finance companies can continue with their lending activities even after RBI hands over the platform.
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Reserve Bank of India Governor Shaktikanta Das on Wednesday urged fintech players to set up a SRO at the earliest for an orderly growth of the industry.
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Last week, RBI Governor Shaktikanta Das also said that the central bank expects inflation to moderate from September onwards
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The Reserve Bank has been mandated to maintain price stability, keeping in mind the objective of growth. Price stability has been numerically defined as maintaining a headline CPI inflation target of 4.0 per cent with a tolerance band of +/- 2 per cent.
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He also stressed that the Board's role is pivotal in establishing a robust IT and cybersecurity infrastructure and availability of requisite skills at the bank level.
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It is necessary to avoid unduly long elongation which sometimes may ... camouflage an underlying stress in a particular loan, Governor Shaktikanta Das said
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RBI Governor Shaktikanta Das said on Thursday that the committee unanimously decided to keep the repo rate at 6.5 per cent.
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Governor Shaktikanta Das on Tuesday told chiefs of public and private sector banks that owing to prevailing adverse global conditions, banks need to be extra vigilant
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Shaktikanta Das on Friday said commercial banks will first begin reporting on the central bank's latest next-generation data warehouse
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Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system.
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Banks not displaying signs of stress in their loan book despite the central bank hiking repo rate by 250 basis points since last May could be one of the reasons
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Benchmark Sensex and Nifty traded 0.3 per cent higher each at the time of writing this report.
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India's economy grew by 6.1 per cent in the January-March quarter of 2022-23, pushing the annual growth rate to 7.2 per cent on account of better performance by agriculture, manufacturing, mining and construction sectors
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Dividend payout is significantly higher than the amount estimated in the Union Budget 2023-24 from the central bank
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Rate hike comes as a warning to the government that the economy is still not entirely out of the woods.
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The meeting was called on Thursday under Section 45ZN of the Reserve Bank of India (RBI) Act 1934, which pertains to steps to be taken if the central bank fails to meet its inflation-targeting mandate.
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New Delhi: After touching an all-time low and psychologically crucial level of 80 per US dollar last week, the Indian currency rupee traded largely steady on Monday. At the time of writing this report, the rupee traded at 79.82, data showed. An elevated risk appetite in the domestic financial markets and softening of crude oil […]
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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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By B Yerram Raju I saw the film RRR and wondered how I should title this article on Asset Quality Review (AQR) undertaken by Raghuram Rajan Reforms (RRR) in the banking sector during his regime as Governor. The Economic Survey 2020-21 while criticising the AQR’s inability to prevent the evergreening of loans in the name […]
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The Reserve Bank of India’s decision to raise the repo rate — for the second time in over a month — by 50 basis points sends a message that the central bank is focused more on taming runaway inflation. However, the move is expected to hurt economic recovery as home and vehicle loans are set […]
