Shaktikanta Das | The Asian Age

Wednesday, Mar 03, 2021 | Last Update : 11:05 AM IST

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Addressing the press on the sidelines of the national banking conference being organised by the industry lobby Ficci, RBI governor Shaktikanta Das ruled out ordering an asset quality review of the large NBFCs, says the RBI is not thinking about conducting one for now as it had done for the banks in late 2016 and early 2017.

RBI rules out asset quality review of NBFCs for now

IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.

19 Aug 2019 1:14 PM

The process of shifting to an external benchmark on rates needs to be faster and our expectation is that they should move faster, said Reserve Bank governor Shaktikanta Das. (Photo: File)

Time has come for banks to link loans, deposits to repo rate: RBI Gov Das

SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.

19 Aug 2019 12:40 PM

India is amidst an economic and financial slowdown with minimal support from fiscal policy.

RBI not done with easing, to cut in October and early next year: Report

If the RBI does cut rates in Oct and early next year it will be the most aggressive amongst major central banks in easing policy.

09 Aug 2019 2:08 PM

RBI cuts rate 0.35 per cent, EMIs set to fall

The RBI itself has reduced its growth estimate down to 6.9 per cent for FY20, from the seven per cent it had projected in its June policy.

08 Aug 2019 1:59 AM

As it lowers rate, RBI sees hard days ahead

The economy needs to be pumped up as every sector from automobiles to agriculture is seeing a slowdown.

08 Aug 2019 12:00 AM

The 125 percent risk weight is much higher than what Basel requires us to maintain. It was fixed at a time when credit growth in this segment was excessively high, RBI deputy governor NS Vishwanathan said.

RBI cuts risk weight on consumer loans to 100 per cent

On a review, it has been decided to reduce the risk weight for consumer credit, including personal loans, RBI statement said.

07 Aug 2019 7:35 PM

Real GDP growth for 2019-20 is revised downwards from 7 per cent in the June policy to 6.9 per cent, said an RBI stament. (Representational Image)

RBI lowers GDP growth forecast to 6.9 pc for FY'20 on demand, investment slowdown

The RBI said various high frequency indicators suggest weakening of both domestic and external demand conditions.

07 Aug 2019 1:36 PM

The 35 basis points (bps) cut in repo is unusual, as the RBI has been changing the interest rate by 25 or 50 bps in the past.

EMIs likely to come down as RBI cuts interest rate by 35 bps

The fourth consecutive rate cut is expected to lower EMIs for home and auto buyers, and borrowing cost for corporates.

07 Aug 2019 12:49 PM

The Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, is deliberating on the macro-economic situation, and is scheduled to announce its third bi-monthly policy of the ongoing fiscal on Wednesday.

Experts hope another 25 bps rate cut by RBI

Talking to reporters after the meeting, SBI chairman Rajnish Kumar had said he was hopeful of another rate cut by MPC.

06 Aug 2019 5:54 PM

The Reserve Bank of India-led Monetary Policy Committee is likely to cut repo rate by 25 basis point to 5.50 per cent, the fourth cut in a row, while maintaining the “accommodative” stance due to persistent concerns on economic growth, a poll showed.

Consensus for 25 bps rate cut, ‘accommodative’ stance

Experts see the slowdown of global economic growth and lack of impetus in domestic inflation as reasons for a 25 bps rate cut.

06 Aug 2019 1:12 AM

Reserve Bank of India's Monetary Policy Committee (MPC) will meet during August 5 to 7, 2019 for the Third Bi-monthly Monetary Policy Statement for 2019-20.

RBI may go for 25 bps rate cut on Wednesday: Report

Consensus expects RBI to lower repo rate by 25 bps to 5.50 pc at its monetary policy meeting on August 7, DBS said.

05 Aug 2019 4:50 PM

RBI may go for 25 bps rate cut on Wed for 4th time in row

Industry also expects the six-member MPC to take steps to improve liquidity situation and also ensure transmission of rate cuts.

05 Aug 2019 9:38 AM

Reserve Bank of India Governor Shaktikanta Das

Shaktikanta Das cautions against bilateral hegemony

The currency manipulator tag has gained greater focus in the heat and dust of trade wars.

27 Jul 2019 7:59 AM

I think the credit flow will gather greater momentum very soon, said RBI governor Shaktikanta Das.

Bank lending to non-bank firms set to gather pace: RBI governor

RBI was closely monitoring top 50 NBFCs, and had a good understanding of cash flows of these firms, said Shaktikanta Das.

26 Jul 2019 1:30 PM

RBI to cut rates again in August as doves prevail: Report

India is now forecast to grow in the range of 6.3 per cent to 7.2 per cent each quarter through to end-March 2021.

25 Jul 2019 11:48 AM

RBI Governor Shaktikanta Das. (Photo: File | PTI)

Das says change in stance as good as additional 25-basis-point rate cut: reports

RBI has cut rates by 75 bps since the start of 2019, banks have only eased their key lending rate by 15-20 bps.

22 Jul 2019 2:26 PM

Shaktikanta Das meets PSB heads, reiterates call for faster transmission

At the June policy announcement, Das had said banks had passed on only 21 bps of the 50 bps rate cuts.

20 Jul 2019 10:54 AM

RBI Governor Shaktikanta Das said overall the system liquidity is hugely in surplus and if individual banks have liquidity issue, the RBI will provide liquidity support to them. (Photo: File | PTI)

Expect quicker transmission of rate cut by banks: RBI Governor

During this year, RBI reduced the policy rate thrice with an aggregate reduction of 0.75 percentage point in repo rate.

08 Jul 2019 7:49 PM

Flagging economy required rate cut boost: MPC minutes

Das said the headline Consumer Price Index Inflation (CPI) has evolved broadly along the projected lines.

21 Jun 2019 3:15 AM

Meeting also discussed proposals releating to the Budget to be presented by Nirmala Sitharaman on July 5, said RBI Governor Shaktikanta Das.

FM reviews state of economy at FSDC meet

The FSDC is the apex body of sectoral regulators, headed by the finance minister.

19 Jun 2019 7:15 PM

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Shikha Mukerjee