Shaktikanta Das |

A key job description of the central bank chief’s profile is that he must take away the punch bowl when the party gets started or, in other words, prevent markets from getting overheated. RBI governor Shaktikanta Das recently attempted to do just that by warning of the growing disconnect between segments of the financial markets … Continue reading Why RBI governor Shaktikanta Das rang alarm bells

Reserve Bank of India (RBI) governor Shaktikanta Das on Monday warned that there is a growing disconnect between certain segments of financial markets and the real economy, and stretched valuations pose a risk to financial stability.

RBI governor Shaktikanta Das on Monday said that the economic prospects have been scarred by the Covid-19 pandemic and the task ahead is to restore growth and livelihood. “Financial stability is a precondition for supporting this (growth) mission,” he added. He also said that expansion in the govt’s market borrowing programme after Covid has imposed … Continue reading Task ahead is to restore eco growth: RBI governor

RBI governor Shaktikanta Das on Sunday said he has tested positive for Covid-19. The governor is asymptomatic and has said that he will work from home till he recovers from the coronavirus. “I have tested Covid-19 positive,” said the governor in a tweet. Das also said that he will work from home till he recovers … Continue reading RBI governor Shaktikanta Das tests positive for Covid-19

Arguing for a rate cut, RBI governor Shaktikanta Das in the meeting said there was a rising probability of a sharper loss of growth momentum in the near term. Deputy governor Michael Patra said the damage is “so deep and extensive that India’s potential output has been pushed down, and it will take years to … Continue reading At rate cut meet, RBI bosses bearish on economy

Congress leader P Chidambaram on Saturday asked RBI governor Shaktikanta Das to “bluntly” tell the government to do its duty and take fiscal measures if he feels that the demand has collapsed and the GDP growth is heading towards negative territory. He also asked if the PM or the finance minister will laud themselves for … Continue reading ‘Tell govt to …’: Chidambaram’s advice to RBI

Reserve Bank of India (RBI) governor Shaktikanta Das on Friday addressed the media as the government extended the nationwide lockdown to curb the spread of the deadly coronavirus. This is the third briefing by the RBI governor in context of coronavirus related measures in the last two months.

Interest rates on loans are set to fall further as the RBI slashed its key policy rates for the second time in two months to counter the economic fallout of the coronavirus outbreak. RBI governor Shaktikanta Das unveiled a 40 basis points cut in the benchmark repurchase rate to 4%. Consequently, the reverse repo rate … Continue reading Loan EMIs set to fall as RBI cuts key policy rates

RBI governor Shaktikanta Das on Saturday held meetings with the managing directors and chief executives of major public and private sector banks through video conference. The meeting took stock of implementation of several steps by the RBI, including moderation in interest rate and its transmission, as well as liquidity infusion measures to support the industry.

Meeting India’s fiscal deficit target in the current financial year is going to be challenging and the central bank has not yet made a decision on its monetisation, RBI governor Shaktikanta Das said. India has spent more than a month in lockdown, with its industries shut, to stem the coronavirus pandemic that has caused 26,496 … Continue reading FY21 fiscal deficit target ‘challenging’: RBI guv

Reserve Bank of India (RBI) governor Shaktikanta Das on Friday addressed the media via video conferencing to announce measures to support economy during the ongoing coronavirus crisis. The RBI chief unveiled a slew of measures which included reduction in reverse repo rate and liquidity support for financial institutions, among others.

BI governor Shaktikanta Das has indicated that investors would not have to wait for 30 days for the moratorium on Yes Bank to be lifted and a resolution was likely much earlier. “You will see very swift action on the part of the RBI to put in place a scheme to revive the bank,” said … Continue reading Yes Bank crisis: Solution in place before 30 days, says RBI governor

The RBI offered to inject as much as $14 billion cash through one- and three-year funding operations, akin to the long-term repos put in place by the European Central Bank under Mario Draghi. Draghi is credited with rescuing the euro from disaster at the height of its debt crisis.