Shaktikanta Das | The Asian Age

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Reserve Bank of India Governor Shaktikanta Das. (Photo- PTI)

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

27 Mar 2020 11:46 AM

RBI will take measures to secure economy against coronavirus: Das

Globaly economy growth expected to slow down due to Coronavirus

06 Mar 2020 1:29 PM

Finance minister Nirmala Sitharaman and RBI Governor Shaktikanta Das arrive for the RBI central board of directors in a customary post-budget meeting, in New Delhi on Saturday. PTI photo

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

15 Feb 2020 2:14 PM

Highlights of RBI's sixth bi-monthly monetary policy statement for 2019-20

Next meeting of the MPC scheduled during March 31, April 1 and 3, 2020.

06 Feb 2020 1:04 PM

RBI has many other tools to revive growth, not just interest rates: Das

The governor said the continuity in policy from last pause should not be read as a pointer to future actions.

06 Feb 2020 12:50 PM

Going forward, the inflation outlook is likely to be influenced by several factors like food inflation, crude prices and input costs for services, RBI said.

RBI revises upwards retail inflation projection to 6.5 pc for Jan-Mar qtr

RBI further said that the actual inflation outcome for Q2 at 5.8 per cent overshot projections by 70 bps.

06 Feb 2020 12:36 PM

Real GDP growth for 2019-20 was projected at 5 per cent in the December 2019 policy.

RBI estimates GDP to expand at 6 pc in FY21

The survey, tabled in Parliament last month, estimated the GDP growth during FY21 at 6-6.5 per cent.

06 Feb 2020 12:32 PM

RBI Governor Shaktikanta Das hoped for the US-China truce on trade tariffs, announced over the weekend, would last as he pitched for coordinated efforts to push global growth like those after the 2008 financial crisis. (Photo: File)

RBI saw slowdown, acted ahead of time by cutting interest rates from Feb: Das

In the last MPC meeting when we took a pause, I don't know why the market was surprised, said RBI Gov Shaktikanta Das.

16 Dec 2019 11:52 AM

RBI to retain dovish bias going forward: report

The RBI reiterated that it would maintain an accommodative stance as long as necessary to revive economic growth.

07 Dec 2019 10:46 AM

RBI pegs GDP down to 5 per cent, no rate cut

The policy repo rate since February was cut in every policy, cumulatively easing by 1.35 per cent or by 135 basis points to 5.15 per cent.

06 Dec 2019 3:22 AM

The world over, central banks and the governments are against private digital currency because currency issuance is a sovereign function and it has to be done by the sovereign, said RBI governor Shaktikanta Das. (Photo: File | PTI)

No way privately-issued digital currencies can be allowed: RBI Gov Das

The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their trade.

05 Dec 2019 5:48 PM

Reserve Bank governor Shaktikanta Das pointed towards a line in the monetary policy committee resolution, which makes it "explicitly" clear that there is a scope for further rate cuts. (Photo: File)

We can't keep on slashing policy rates every time: Shaktikanta Das

The sharp decline in growth had many analysts assuming the Reserve Bank will deliver a rate cut on Thursday.

05 Dec 2019 1:34 PM

Closely monitoring situation at PMC Bank; forensic audit underway: Das

The apex bank enhanced the cash withdrawal limit to Rs 50,000 per account.

07 Nov 2019 3:47 PM

The repo rate cut is aimed at pushing consumption up during the ongoing festival season by reducing borrowing costs for home and auto loans, which are now directly linked to this benchmark.

Loans to become cheaper after RBI cuts interest rate to a decade low

RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.

04 Oct 2019 4:11 PM

Last month, the RBI central board had given its nod to transfer Rs 1,76,051 crore to the government from its surpluses as per the Bimal Jalan panel report. (Photo: File)

'Seen it only in media': RBI Governor on Rs 30,000 crore reported payout

As per media reports, the government might seek an interim dividend of about Rs 30,000 crore from the RBI towards the end of financial year.

04 Oct 2019 3:19 PM

Experts and industry feel low inflation provides enough headroom for the RBI to further lower the policy rate, especially when festive season has just started.

RBI likely to cut policy rate on Friday to boost economy

RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.

03 Oct 2019 5:50 PM

RBI Governor Shaktikanta Das has already hinted that the benign inflation provides room for further monetary policy easing while space for fiscal space is limited. (Photo: File | AFP)

RBI begins policy review meet; rate cut on cards to boost economy

The six-member MPC is scheduled to announce the fourth bi-monthly monetary policy for 2019-20 on Friday, October 4.

01 Oct 2019 5:19 PM

Earlier, the RBI Governor Shaktikanta Das had said the government has little fiscal space, giving hopes that the RBI may provide more monetary stimulus to prop up the economy. (Photo: File | AFP)

RBI may go for another rate cut on Oct 4: Experts

RBI has already slashed the repo rate (short-term borrowing rate) four times aggregating to 1.10 percentage points since January.

29 Sep 2019 4:33 PM

If required, the government may request the Reserve Bank of India for interim dividend of Rs 25,000-30,000 crore during the current fiscal, an official said. (Photo: Representational)

Govt may seek Rs 30,000 cr interim dividend from RBI

Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to lift growth.

29 Sep 2019 2:38 PM

Corp tax cut makes India attractive destination for investment: Das

Base corporate tax for existing companies has been reduced to 22 per cent from the current 30 per cent.

24 Sep 2019 2:40 PM

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