Congress slams RBI Governor Shaktikanta Das, terms him as pliant

He said the decision of RBI was ‘a confirmation of what the party had been forewarning about the state of the economy.’

RBI cuts key rate by 35 bps to boost economic activitiy

RBI trims GDP growth forecast for current fiscal to 6.9 per cent from 7 per cent previously predicted.

This is the second high-profile exit from the Reserve Bank of India (RBI) in the last seven months.

The chamber in its submission has also sought further cut in the repo rate in the coming quarters.

All banknotes in the denomination of Rs 50 issued by the Reserve Bank in the past will continue to be legal tender.

The DFS also asked to provide details on composition of search committee to short-list candidates.

As many as seven payments banks operate in India.

Jha, a 1982 batch IAS officer of Manipur cadre, superannuated as a finance secretary to the Government of India on February 28.

The meeting focused only on effective transmission of monetary policy, another banker who attended the meeting said.

Fiscal and monetary policies are turning expansionary but are unlikely to change the near-term trajectory,says Nomura brokerage.