Shaktikanta Das

Clear Indication Of Economy Losing Traction: Shaktikanta Das

Business | Press Trust of India | Thursday June 20, 2019

Mr Das noted that "growth impulses have clearly weakened", while the headline inflation trajectory is projected to remain below 4 per cent throughout 2019-20 even after considering the expected transmission of the past two policy rate cuts.

RBI Won't Hesitate To Take Steps For Financial Stability: Shaktikanta Das

Business | Indo-Asian News Service | Monday June 17, 2019

The liquidity crisis in the non-banking financial companies (NBFCs) came to light when IL&FS defaulted on a commercial paper in September

RBI To Enhance Monitoring Of Shadow Banks: Shaktikanta Das

Business | Thomson Reuters | Sunday June 9, 2019

The comment comes at a time when there are fears that India may be facing a major crisis in its shadow banking sector after shares of mortgage lender Dewan Housing Finance Corp Ltd (DHFL) plunged this week after two credit-rating firms cut their view of DHFL debt to "default" levels

Revised Guidelines On Bad Loans Will Sustain Improvement In Credit Culture: Shaktikanta Das

Business | Press Trust of India | Saturday June 8, 2019

The revised framework for resolving stressed assets by offering lenders a 30-day period to label an account an NPA but has withdrawn all other resolution methods.

"Glad RBI Governor Has Shakti In His Name": Anand Mahindra After Rate Cut

India News | Edited By Debanish Achom | Thursday June 6, 2019

The policy rate cut for a third time this year by the powerful Monetary Policy Committee under the leadership of RBI Governor Shaktikanta Das has won praise from industrialist Anand Mahindra - along with a compliment on the significance of the word "Shakti" or power.

RBI Cuts Rate To Lowest In 9 Years To Boost Growth, Loans May Get Cheaper

Business | NDTV Profit Team | Thursday June 6, 2019

The Reserve Bank of India's Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, on Thursday unanimously lowered key lending rate or repo rate by 25 basis points or 0.25 per cent to 5.75 per cent. The six-member committee also changed the policy stance to "accommodative" from "neutral". Repo rate is the interest rate at which commercia...

What To Expect From Shaktikanta Das-Led Monetary Policy Committee Today

Business | NDTV Profit Team | Thursday June 6, 2019

The Monetary Policy Committee, headed by RBI Governor Shaktikanta Das, will conclude its second bi-monthly review of the current financial year today. While many analysts expect the six-member panel to decide on a 25-basis-point cut in repo rate, some expect an even bigger reduction. Currently, the repo rate - which is the key interest rate at whic...

A Recap Of RBI Key Interest Rate Changes In Past One Year

Business | NDTV Profit Team | Wednesday June 5, 2019

RBI interest rate: While many economists expect the six-member panel to announce a reduction in repo rate, analysts will keenly look out for any steps to prop up growth, after official data put India's GDP growth behind China's in the March quarter. Under its current governor, Shaktikanta Das, the central bank has cut the repo rate by 25 basis poi...

Before June 6 Rate Decision, Key Points To Know About RBI's Two Policy Reviews This Year

Business | NDTV Profit Team | Wednesday June 5, 2019

Before the release of the RBI's June 6 statement, in which economists expect a reduction in repo rate, here's a recap of the last two bi-monthly reviews, in February and April this year.

RBI To Cut Rates In June, But Analysts Split On If It Should: Poll

Business | Thomson Reuters | Wednesday May 29, 2019

Under Governor Shaktikanta Das, who took over as RBI governor from Urjit Patel in December last year, the central bank delivered rate cuts at its previous two meetings, in February and April.

Moves To Quell Rumors About Arun Jaitley's Health Include New Photos

India News | Vrishti Beniwal, Bloomberg | Monday May 27, 2019

Government officials and friends of Arun Jaitley, 66, took to social media on the weekend to deny media reports that he was unwell.

RBI Issues Rs 50 Notes With Governor Shaktikanta Das' Signature: Five Things To Know

Business | NDTV Profit Team | Wednesday April 17, 2019

50-rupee note: The design of these notes is similar in all respects to Rs 50 banknotes in Mahatma Gandhi (new) series, the Reserve Bank of India (RBI) said in a statement. "All banknotes in the denomination of Rs 50 issued by the Reserve Bank in the past will continue to be legal tender," it added.

RBI To Remain Vigilant On Growth, Financial Stability: Shaktikanta Das

Business | Thomson Reuters | Saturday April 13, 2019

Mr Das underscored the risks facing emerging market economies such as a India as global growth and trade weaken.

On Data "Tweak" Controversy, RBI Governor Refuses To Comment

India News | Indo-Asian News Service | Friday April 5, 2019

RBI Governor Shaktikanta Das on Thursday said that the bank goes by the official data released by the government and refused to join the controversy about the authenticity of GDP figures.

Supreme Court Order Won't Impact Major Default Cases: RBI Governor Shaktikanta Das

Business | Indo-Asian News Service | Thursday April 4, 2019

The Supreme Court on Tuesday declared the central bank's February 12, 2018 circular as ultra vires of Section 35AA of the Banking Regulation Act, saying the RBI can only issue order on "specific" defaults but cannot direct "generic insolvency" proceedings.