Tue, Nov 26, 2024
Reserve Bank of India Governor Shaktikanta Das was admitted to Chennai's Apollo Hospital on Monday night.
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Thu, Nov 21, 2024
RBI Governor Shaktikanta Das reassures that the Indian economy is navigating smoothly despite global challenges. In this video, we discuss his comments on the current economic situation, the measures taken by the Reserve Bank of India, and how India is managing external pressures.
Wed, Nov 20, 2024
Reserve Bank of India Governor Shaktikanta Das is set to deliver a keynote address at a high-level gathering in Mumbai on Thursday. His speech will be webcast live on the central bank's verified channel on video-sharing website YouTube. Catch all the details here.
Wed, Aug 07, 2019
Generally, RBI repo rate cut means good news for borrowers, but it also scripts a bad case for depositors.
After RBI announced repo rate cut, the largest lender, State Bank of India (SBI), stirred up the competition further.
RBI has announced an unconventional cut of 35bps which is mildly positive for the market. It is a good policy and should help improve liquidity.
RBI’s repo rate cut was a major step for the Indian rupee, which is already facing headwinds due to geopolitical tensions, currency war and trade war among other factors.
Even after slowdown in global economy, gold price appreciation and geopolitical tension, the RBI managed to cut Repo Rates by 35 bps to 5.4 per cent and maintained its 'accomodative' stance.
RBI MPC Meeting: The Reserve Bank of India (RBI) has cut the Repo Rates by 0.35 per cent to 5.4 per cent.
The Reserve Bank of India on Wednesday cut the policy repo rate under the liquidity adjustment facility (LAF) by 35 basis points (bps) from 5.75 per cent to 5.40 per cent with immediate effect. In its third Bi-monthly Monetary Policy Statement, the RBI said that the reverse repo rate under the LAF stands revised to 5.15 per cent.
RBI is set to go for a rate cut to the tune of 25-50 bps as per industry experts? Why? Benign inflation risks, growth slowing down and pick up in monsoon in recent weeks are enough to warrant a repo rate cut.
Tue, Aug 06, 2019
RBI MPC Meeting: Real estate developers are demanding a 25-50 bps rate cut from Governor Shaktikanta Das as lower rates would entice homebuyers and thereby fuel home sales.
Mon, Aug 05, 2019
RBI MPC meeting started today and the market is rife with speculation that there would be at least another rate cut for the fourth time in a row.
Mon, Jul 08, 2019
FM Nirmala Sitharaman, RBI Governor ShaktiKanta Das address press conference post Meeting with RBI board today.
Reserve Bank Governor Shaktikanta Das on Monday, 8 July, said the central bank will discuss issuance of overseas sovereign bonds with the government.
Tue, Jun 25, 2019
With the launch of CMS, the processing of complaints received in the offices of Ombudsman and Consumer Education and Protection Cells (CEPCs) of the Reserve Bank has been digitalized, said the governor.
Tue, Jun 11, 2019
The move by RBI is certainly an encouraging one and it is likely to have a significant impact on India's cashless economy vision.
Fri, Jun 07, 2019
RBI has bagged a hatrick by trimming down the repo rate by total 75 basis points between February 2019 to June 2019 policy.
RBI's decision to adjust the Leverage Ratio could add a potential Rs 1 lakh crores to the lendable resources of the banks.
Thu, Jun 06, 2019
While addressing a press conference in Mumbai, RBI Governor Shaktikanta Das informed that RBI will not hesitate to take any measure which is required to maintain the financial stability of the system including, shot-term, medium-term and long term. He added, “We have already announced the formation of a separate cadre for regulation and supervision of banks and financial institutions and this is a major decision that has been taken to strengthen our regulations”.
In the briefing, Das also explained that, RBI is mandated to look after financial stability in economy.
India has finally witnessed a repo rate of 5.75%, which by the way, comes after 9 years. A lot has changed since 2010, when this rate was last applicable.
In last 3 monetary policies, overall 75 basis point cut has been made in repo rate.
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