Search For "shaktikanta das"
Emerging economies must get equitable voice in global financial governance
Updated : 1 year, 5 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted the need for reforms in the international financial system to address challenges faced by emerging economies and to adapt to the evolving global economic landscape.
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India cannot risk another bout of inflation: RBI Governor Shaktikanta Das
Updated : 1 year, 5 months ago IST
India cannot risk another bout of inflation and the best approach would be to remain flexible and wait for more evidence of inflation aligning durably with the target, Reserve Bank Governor Shaktikanta Das observed in the last meeting of MPC while also noting that the Indian economy presents
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Rate cut at this stage will be premature and very very risky, says RBI Gov
Updated : 1 year, 5 months ago IST
The Reserve Bank of India's (RBI) Governor Shaktikanta Das on Friday said that interest rate cut at this stage will be 'premature, and very, very risky'.
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Rapid expansion of private credit market with limited regulation posing th
Updated : 1 year, 5 months ago IST
The private credit market's rapid expansion with limited regulation is posing a threat to the overall financial stability of the system, highlighted RBI Governor Shaktikanta Das on Monday.
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Heavy reliance on AI could lead to concentration risks in the financial se
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned that heavy reliance on artificial intelligence (AI) could lead to concentration risks in the financial sector.
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World Bank raises India's growth outlook for FY25 to 7% from 6.6 %
Updated : 1 year, 5 months ago IST
The World Bank has raised India's economic growth forecast from 6.6 per cent to 7.0 per cent for the financial year 2024-25 citing the growth of agriculture output and policies as a major factor contributing to the employment growth in the economy.
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"Great son of India, phenomenal person": RBI Governor pays last respect to
Updated : 1 year, 5 months ago IST
Ratan Tata, Chairman Emeritus, Tata Sons, passed away at Breach Candy Hospital in Mumbai aged 86 on Wednesday. Maharashtra Chief Minister Eknath Shinde said on Wednesday night that the last rites will be performed with full state honours.
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Rate cut likely in December amid continued concerns on inflation and geo-p
Updated : 1 year, 5 months ago IST
Joshi said, "This signals circumspection, it also underscores the likelihood of a rate cut in December. The outsized US Federal Reserve rate cut of 50 basis points in September marked complete and a decisive turn in monetary policy among major central banks. Yet, for emerging market peers, d
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RBI cautioned NBFCs for incentives and targets for loans, warned action
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that give incentives and fixed targets for granting loans to their employees.
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RBI projects 7.2 pc GDP growth for FY25, CPI inflation to moderate at 4.5
Updated : 1 year, 5 months ago IST
Das said, "Real GDP growth for 2024-25 is projected at 7.2 per cent. With Q2 at 7 per cent, Q3 at 7.4 per cent and Q4 7.4 per cent. Real GDP growth for Q1 of next financial year that is 2025-26 is projected at 7.3 per cent and the risks are evenly balanced."
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RBI keeps repo rate unchanged at 6.5 pc, changes stance to neutral to alig
Updated : 1 year, 5 months ago IST
The decision was made with a majority vote of 5 out of 6 MPC members. The standing deposit facility (SDF) rate remains steady at 6.25 per cent, while the marginal standing facility (MSF) rate and the bank rate are both maintained at 6.75 per cent.
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RBI MPC announcement today, unlikely change in rates, RBI may change stanc
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) meeting today, with Governor Shaktikanta Das expected to announce the central bank's decision on policy rates.
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