Shaktikanta Das
Extreme risk aversion can be self-defeating: RBI Governor warns banks
Rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, Das said
Need to conclude free trade agreements with US, others: RBI Governor
Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot
RBI cuts repo rate, extends loan moratorium, projects negative GDP growth
RBI Governor Shaktikanta Das extended the moratorium period by another three months from June 1 to August 31 due to lockdown extension
FM Nirmala Sitharaman postpones meet with PSB chiefs to later this week
The agenda also included taking stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments
RBI reviews measures to ease financial stress
The governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period
India's near-term growth outlook has deteriorated sharply: RBI Governor Das
Reserve Bank will remain vigilant and will not hesitate to use any instrument to mitigate the impact of Covid-19
RBI defers EMIs on all loans for 3 months
Key rate cut by an unprecedented 75 pts
RBI reduces repo rate by 75 bps to 4.4%
The central bank also reduced the cash reserve ratio of all banks by 100 basis points to 3 per cent with effect from March 28 for 1 year
RBI will take measures to secure economy against coronavirus: Das
Globaly economy growth expected to slow down due to Coronavirus
Transmission of rate cuts will improve further: Shaktikanta Das
His comments come against the backdrop of concerns over growth of the economy, which has registered a spike in inflation