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Rural demand and private consumption have picked up; GDP is expanding well
Updated : 1 year, 6 months ago IST
RBI Governor Shaktikanta Das stated that the rural demand of the Indian economy has picked up as the private consumption and investment expanded in the latest quarter GDP numbers.
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Fall in Q1 GDP numbers is because of elections code and restricted govt ex
Updated : 1 year, 6 months ago IST
After the release of the first quarter GDP numbers, RBI Governor Shaktikanta Das on Saturday stated that India's growth story is intact. The governor was speaking at the National CA Conference in Bhubaneswar, Odisha.
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RBI Governor bats for self-regulation of Fintech sector
Updated : 1 year, 6 months ago IST
The preferred approach for prudent regulation of the ever-growing fintech sector should be self-regulation, Reserve Bank of India (RBI) Governor Shaktikanta Das said.
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AI integration in finance sector unlocks new opportunities: Shaktikanta Da
Updated : 1 year, 6 months ago IST
Integration of artificial intelligence (AI) into financial services brings significant opportunities for all stakeholders, the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.
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India's Digital Public Infrastructure experience provides effective strat
Updated : 1 year, 6 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said that India's experience has provided an effective digitisation strategy for other central banks.
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RBI to focus on disinflation, food inflation sticky to core, says RBI's MP
Updated : 1 year, 6 months ago IST
Das said, "Inflation is gradually trending down, but the pace is slow and uneven. The durable alignment of inflation to the target of 4.0 per cent is still some distance away. Persistent food inflation is imparting stickiness to headline inflation. Inflation expectations need to be kept a
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PM Modi congratulates RBI Governor Das on A+ rating in Global Finance Repo
Updated : 1 year, 6 months ago IST
Prime Minister Narendra Modi, on Wednesday, congratulated Reserve Bank of India's (RBI) Governor, Shaktikanta Das for bagging an A+ grade rating in the Global Finance Central Banker Report Cards 2024.
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High food prices raise concerns but improved monsoon offers hope for RBI:
Updated : 1 year, 7 months ago IST
The ongoing volatility in the prices of key food items such as tomatoes, onions, and potatoes (collectively known as TOP) and pulses continues to pose significant challenges for the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), highlights a report by SBI.
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Premature to talk about US recession based on one-month data: RBI Governor
Updated : 1 year, 7 months ago IST
At the post-monetary policy press briefing, RBI Governor Shaktikanta Das said that GDP growth figures in the US are doing well and it was not right to rush to a conclusion that the country was slowly slipping into recession.
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RBI sees a positive shift in FPI's flows in the domestic market, USD 9.7 b
Updated : 1 year, 7 months ago IST
Governor Das said, "On the external financing side, foreign portfolio investors turned net buyers in the domestic market from June 2024 with net inflows of USD 9.7 billion during June-August (till August 6) after witnessing outflows of USD 4.2 billion in April and May."
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RBI announces to create repository to check unauthorised lending Apps
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has announced measures to check unauthorized lending Apps and to prevent consumers from such illegal practices.
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RBI Governor Shaktikanta Das projects 7.2 pc GDP growth for 2024-25, repor
Updated : 1 year, 7 months ago IST
Das added, "Assuming a normal monsoon and taking into account the 4.9 per cent inflation print, Q1 CPI inflation for the current financial year (2024-25) is projected at 4.5 per cent, with q2 at 4.4 per cent, Q3 at 4.7 per cent and Q4 at 4.3 per cent. CPI inflation for the first quarter of n
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