Articles about Shaktikanta Das

RBI hikes repo rate by 40 bps to 4.40%

04 May 2022

Business
RBI hikes repo rate by 40 bps to 4.40%

In its first rate hike since August 2018, the Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 40 basis points to 4.40%.

RBI keeps key interest rates unchanged for 11th consecutive time

08 Apr 2022

Business
RBI keeps key interest rates unchanged for 11th consecutive time

The Reserve Bank of India on Friday kept the benchmark repo rate unchanged at 4% for the 11th time in a row.

RBI maintains lending rates; 7.8% GDP growth projected in 2022-23

10 Feb 2022

Business
RBI maintains lending rates; 7.8% GDP growth projected in 2022-23

The Reserve Bank of India (RBI) kept the repo rate unchanged at 4% for the 10th time in a row in its monetary policy review meeting on Thursday.

RBI keeps repo rate unchanged at 4%

08 Dec 2021

Business
RBI keeps repo rate unchanged at 4%

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 4%.

Shaktikanta Das reappointed RBI governor for 3 more years

29 Oct 2021

Business
Shaktikanta Das reappointed RBI governor for 3 more years

The Indian government has reappointed Shaktikanta Das as the Governor of the Reserve Bank of India (RBI) for a period of three years.

RBI retains growth at 9.5%, advocates support to nurture recovery

06 Aug 2021

Business
RBI retains growth at 9.5%, advocates support to nurture recovery

Reserve Bank Governor Shaktikanta Das on Friday made a strong case for continued fiscal, monetary and sectoral support to nurture the "nascent and hesitant" economic recovery while retaining the growth projection for the current fiscal at 9.5 percent.

Salary, pension, EMI rules changing; all you need to know

25 Jul 2021

India
Salary, pension, EMI rules changing; all you need to know

All important banking transactions such as salary, pension, and Equated Monthly Installment (EMI) payments will take place 24X7 from August 1.

RBI keeps repo rate at 4%, cuts GDP growth projection

04 Jun 2021

Business
RBI keeps repo rate at 4%, cuts GDP growth projection

The Reserve Bank of India (RBI) has once again kept the repo rate unchanged at 4 percent in an attempt to "support growth and keep inflation within the target" amid India's COVID-19 crisis.

RBI announces Rs. 50,000 crore liquidity for COVID-19-related healthcare

05 May 2021

India
RBI announces Rs. 50,000 crore liquidity for COVID-19-related healthcare

The Reserve Bank of India (RBI) today announced a Rs. 50,000 crore lending program to ramp up coronavirus-related healthcare infrastructure and services until 2022 in view of the catapulting COVID-19 crisis in the country.

Repo rate untouched, 10.5% GDP growth predicted in 2021-22

05 Feb 2021

Business
Repo rate untouched, 10.5% GDP growth predicted in 2021-22

Reserve Bank of India (RBI) has decided to leave key rates unchanged, Governor Shaktikanta Das said on Friday, in his first address after the Union Budget was presented on Monday.

RBI says Indian economy recovering faster than expected

24 Dec 2020

Business
RBI says Indian economy recovering faster than expected

The Indian economy, which was dealt a heavy blow by the coronavirus pandemic, is recovering faster than expected and could also register a minor positive growth in the third quarter of the current fiscal year, the Reserve Bank of India (RBI) said.

RBI predicts FY21's real GDP-growth at -7.5%; repo rate unchanged

04 Dec 2020

Business
RBI predicts FY21's real GDP-growth at -7.5%; repo rate unchanged

On Friday, the Reserve Bank of India revised the real GDP growth projection for 2020-21 to -7.5%, after initially predicting that it would be -9.5%.

RBI Governor Shaktikanta Das happy with Indian economy's recovery

26 Nov 2020

Business
RBI Governor Shaktikanta Das happy with Indian economy's recovery

RBI Governor Shaktikanta Das is happy with the way the Indian economy is performing. On Thursday, he said that the pick-up in recovery has been stronger than expected.

Repo rate unchanged; RTGS payment will be available 24*7: RBI

09 Oct 2020

Business
Repo rate unchanged; RTGS payment will be available 24*7: RBI

RBI Governor Shaktikanta Das on Friday announced Monetary Policy Committee's decisions and spoke about the revival of the coronavirus-battered Indian economy.

India's retail inflation dips marginally to 6.69% in August

14 Sep 2020

Business
India's retail inflation dips marginally to 6.69% in August

India's retail inflation stood at 6.69% in August, according to data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday.

As economy suffers, RBI keeps repo rate unchanged

06 Aug 2020

Business
As economy suffers, RBI keeps repo rate unchanged

On Thursday, RBI Governor Shaktikanta Das announced that repo rate and reverse repo rate will not change, a move which would keep retail prices contained.

Amid coronavirus crisis, RBI extends loan moratorium till August

22 May 2020

Business
Amid coronavirus crisis, RBI extends loan moratorium till August

Addressing the media on Friday, RBI Governor Shaktikanta Das said the central bank has brought down the repo rate by 40 basis points.

Struggling economy gets RBI's boost, big announcement for banks

17 Apr 2020

Business
Struggling economy gets RBI's boost, big announcement for banks

With the economy stung drastically by the coronavirus pandemic, RBI Governor Shaktikanta Das addressed media for the second time in a month to announce key measures.

RBI's 3-month EMI moratorium: All you need to know

27 Mar 2020

Business
RBI's 3-month EMI moratorium: All you need to know

Earlier in the day, the Reserve Bank of India (RBI) announced a few measures in view of the 21-day lockdown over coronavirus.

Coronavirus: Day after Centre's economic package, RBI cuts repo rate

27 Mar 2020

Business
Coronavirus: Day after Centre's economic package, RBI cuts repo rate

RBI has cut repo rate by 75 basis points, bringing it down from 5.15% to 4.4%, Governor Shaktikanta Das told media at a briefing on Friday. The reverse repo rate was reduced by 90 basis points to 4%.

Yes Bank resumes full banking services as RBI lifts moratorium

18 Mar 2020

Business
Yes Bank resumes full banking services as RBI lifts moratorium

The ailing private lender Yes Bank on Wednesday confirmed that its banking services are now fully operational.

India not immune to economic impact of COVID-19: RBI Governor

16 Mar 2020

Business
India not immune to economic impact of COVID-19: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at the central bank's headquarters in Mumbai on Monday.

Amid Yes Bank crisis, Sitharaman assures depositors' money safe

06 Mar 2020

Business
Amid Yes Bank crisis, Sitharaman assures depositors' money safe

Finance Minister Nirmala Sitharaman on Friday gave assurance to the depositors of cash-starved Yes Bank.

Telcos partially pay government dues; 'slim hope' for Vodafone-Idea

18 Feb 2020

India
Telcos partially pay government dues; 'slim hope' for Vodafone-Idea

Ailing telecom companies have paid their dues linked to adjusted gross revenue (AGR) in part to the government.

BJP MP pacifies panicked Bengaluru bank depositors amid RBI restrictions

14 Jan 2020

India
BJP MP pacifies panicked Bengaluru bank depositors amid RBI restrictions

Days after the Reserve Bank of India imposed regulatory restrictions on a co-operative bank in Bengaluru, Bharatiya Janata Party MP Tejasvi Surya assured panicked depositors that the Finance Minister was personally looking into the matter.

PMC crisis: Nirmala Sitharaman says she'll talk to RBI Governor

10 Oct 2019

Business
PMC crisis: Nirmala Sitharaman says she'll talk to RBI Governor

Finance Minister Nirmala Sitharaman met distressed customers of the crisis-hit Punjab and Maharashtra Co-operative Bank (PMC) on Thursday and assured them she will speak to Shaktikanta Das, the Governor of Reserve Bank of India (RBI), this evening.

India Inc. welcomes Sitharaman's tax announcement, Modi calls it historic

20 Sep 2019

Business
India Inc. welcomes Sitharaman's tax announcement, Modi calls it historic

The effect of Finance Minister Nirmala Sitharaman's massive announcement was seen instantly as markets rejoiced on Friday.

#NewsBytesExplainer: Why is RBI giving Rs. 1.76L crore to government

27 Aug 2019

Business
#NewsBytesExplainer: Why is RBI giving Rs. 1.76L crore to government

Amid an economic slowdown in the country, Reserve Bank of India (RBI) stepped in to bail out Prime Minister Narendra Modi's government.

RBI's Deputy Governor Viral Acharya quits before term ends: Report

24 Jun 2019

Business
RBI's Deputy Governor Viral Acharya quits before term ends: Report

Viral Acharya, the Deputy Governor of Reserve Bank of India (RBI), has tendered his resignation, Business Standard reported on Monday.

No charges on RTGS, NEFT transfers from July 1: RBI

11 Jun 2019

Business
No charges on RTGS, NEFT transfers from July 1: RBI

The Reserve Bank of India (RBI) has decided to waive off all charges on RTGS and NEFT system fund transfers from July 1, 2019.

#ElectionPhase4: 72 constituencies go to polls, Bollywood celebrities vote

29 Apr 2019

Politics
#ElectionPhase4: 72 constituencies go to polls, Bollywood celebrities vote

The fourth phase of elections began on Monday as 72 Lok Sabha seats, spread across 9 states, went into polling. In this phase, 957 candidates are in the fray.

RBI set to issue new 'greenish yellow' Rs. 20 notes

27 Apr 2019

Business
RBI set to issue new 'greenish yellow' Rs. 20 notes

The Reserve Bank of India has announced that it would issue new Rs. 20 notes shortly. The notes in the Mahatma Gandhi (New) series will be greenish yellow in color and will bear the signature of Governor Shaktikanta Das.

RBI cuts repo rate by 25bps; loans/EMIs to get cheaper

07 Feb 2019

Business
RBI cuts repo rate by 25bps; loans/EMIs to get cheaper

Taking a major policy U-turn, the RBI's six-member Monetary Policy Committee (MPC) headed by newly-appointed Governor Shaktikanta Das lowered the repo rate by 25 basis points to 6.25%.

Operational independence of central banks important: IMF director

14 Dec 2018

World
Operational independence of central banks important: IMF director

The International Monetary Fund (IMF) yesterday said that "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.

Sensex rises over 200 points, Nifty reclaims 10,800 mark

13 Dec 2018

Business
Sensex rises over 200 points, Nifty reclaims 10,800 mark

The equity benchmark BSE Sensex today rose 263.70 points, or 0.74%, to 36,042.77 in early trade, a day after Shaktikanta Das took charge as the new Governor of RBI and promised to take all stakeholders along on key policy issues to maintain growth while keeping inflation under check.

Shaktikanta Das takes charge as new RBI Governor

12 Dec 2018

India
Shaktikanta Das takes charge as new RBI Governor

A day after he was appointed as the new Governor of the Reserve Bank of India (RBI), Shaktikanta Das, on Wednesday, took charge of the central bank.

Shaktikanta Das  becomes the new RBI governor

11 Dec 2018

India
Shaktikanta Das becomes the new RBI governor

On Tuesday, Shaktikanta Das was made the Governor of Reserve Bank of India after Urjit Patel resigned on Monday. He will join office immediately.

Looking back at 100 years of Re 1 currency note

30 Nov 2017

India
Looking back at 100 years of Re 1 currency note

India's smallest currency note, Rupee 1, turns 100 today.

How is a Re 1 note different from other currencies?

31 May 2017

India
How is a Re 1 note different from other currencies?

After a hiatus of 22 years, Re 1 note will resurface in a brand new avatar.

RBI to soon circulate new Re. 1 notes

30 May 2017

India
RBI to soon circulate new Re. 1 notes

The RBI has announced it will soon issue new one rupee notes. The current notes and coins in existence will also continue.