Shaktikanta Das: News
05 Apr 2024
Reserve Bank Of India (RBI)RBI makes cash deposits possible using UPI: Here's how
The Reserve Bank of India (RBI) has launched a new feature allowing customers to deposit cash into their bank accounts using the Unified Payments Interface (UPI) at cash deposit machines (CDMs).
05 Apr 2024
Reserve Bank Of India (RBI)RBI's new app will let you buy government bonds directly
The Reserve Bank of India (RBI) is preparing to launch a mobile application aimed at enhancing individual participation in government bonds.
04 Mar 2024
Unified Payments Interface (UPI)UPI accounts for 80% of digital payments in India: RBI
Shaktikanta Das, Governor of the Reserve Bank of India (RBI) has announced that Unified Payments Interface (UPI) now accounts for nearly 80% of digital payments in India.
08 Feb 2024
Reserve Bank Of India (RBI)India's Digital Rupee to soon support offline transactions
India's Central Bank Digital Curreny (CBDC), also known as Digital Rupee, will soon support offline transactions so that you can make payments in areas with limited or no internet access, as per the Reserve Bank of India (RBI).
08 Feb 2024
Reserve Bank Of India (RBI)RBI keeps repo rate unchanged at 6.5% over inflation concerns
The Reserve Bank of India (RBI) has decided to keep its key interest repo rate unchanged at 6.5%. It is the rate at which it lends short-term funds to banks.
26 Dec 2023
Reserve Bank Of India (RBI)RBI and other banks in Mumbai receive bomb threats
The Mumbai Police said on Tuesday that the Reserve Bank of India (RBI) office in Mumbai, along with HDFC Bank and ICICI Bank branches, received a bomb threat via email.
08 Dec 2023
Reserve Bank Of India (RBI)RBI raises UPI limit for hospitals, education to Rs. 5L
Reserve Bank of India (RBI) Governor Shaktikanta Das, announced two major updates related to the Unified Payments Interface (UPI), during the Monetary Policy Committee (MPC) meeting.
01 Nov 2023
Reserve Bank Of India (RBI)Over 97% of Rs. 2,000 banknotes returned to banks: RBI
On November 1, the Reserve Bank of India (RBI) revealed that over 97% of Rs. 2,000 banknotes in circulation have been returned to the banking system.
20 Oct 2023
Reserve Bank Of India (RBI)Interest rate will remain high for now: RBI Governor
At the Kautilya Economic Conclave 2023, Reserve Bank of India (RBI) Governor Shaktikanta Das announced that interest rates will stay high for now, without giving a specific timeline for a decrease.
20 Oct 2023
Reserve Bank Of India (RBI)Maintaining disinflationary monetary policy a must: RBI Governor
At the recent Kautilya Economic Conclave 2023, Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized that the monetary policy must remain actively disinflationary to ensure that the decline in inflation from its peak of 7.44% in July continues smoothly.
06 Oct 2023
Reserve Bank Of India (RBI)Rs. 12,000cr worth of Rs. 2,000 notes still in circulation
Reserve Bank of India (RBI) Governor Shaktikanta Das announced on October 6 that Rs. 12,000 crore worth of Rs. 2,000 denomination notes have not yet returned to the central bank.
06 Oct 2023
Reserve Bank Of India (RBI)RBI maintains repo rate at 6.5%, FY24 GDP forecast unchanged
The Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Friday that the central bank's Monetary Policy Committee (MPC) has decided unanimously to keep the key repo rate steady at 6.5%, in line with economists' predictions.
10 Aug 2023
Reserve Bank Of India (RBI)RBI keeps repo rate unchanged at 6.5% for third time
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has opted to maintain the key repo rate at 6.5%, marking the third consecutive time this decision has been made.
26 Jun 2023
Reserve Bank Of India (RBI)No negative impact of Rs. 2,000 notes' withdrawal: RBI governor
The withdrawal of Rs. 2,000 currency notes that the Reserve Bank of India (RBI) announced last month will have no negative impact on the economy, RBI Governor Shaktikanta Das said on Monday.
08 Jun 2023
Reserve Bank Of India (RBI)Half of Rs. 2,000 notes deposited, exchanged so far: RBI
Around 50% of the total Rs. 2,000 currency notes have been deposited or exchanged so far, according to the Reserve Bank of India (RBI).
08 Jun 2023
Reserve Bank Of India (RBI)Reserve Bank keeps repo rate unchanged at 6.5%
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Thursday made the official decision to keep the repo rate unchanged at 6.5%, news agency ANI quoted RBI Governor Shaktikanta Das as saying.
23 May 2023
Reserve Bank Of India (RBI)You can start exchanging your Rs. 2,000 notes from today
Anticipating a rush to exchange Rs. 2,000 notes, which begins on Tuesday, numerous banks have reportedly set up dedicated counters, people to manage queues, and enough inventory of lower denomination banknotes.
22 May 2023
Reserve Bank Of India (RBI)Don't rush to exchange Rs. 2,000 notes: RBI governor
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday there was no need to panic over the withdrawal of Rs. 2,000 notes.
06 Apr 2023
Reserve Bank Of India (RBI)After six hikes, RBI keeps repo rate unchanged at 6.5%
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) stopped its rate-hike cycle to keep the repo rate unchanged at 6.5%, RBI Governor Shaktikanta Das announced on Thursday.
09 Feb 2023
Adani GroupDomestic lenders are safe from Adani Group's fall: RBI, Moody's
Adani Group has been under the microscope ever since Hindenburg Research published a report accusing the conglomerate of stock manipulation and accounting fraud. The report also pointed out the group's sky-high debts.
30 Dec 2022
Reserve Bank Of India (RBI)Gross NPAs of Indian banks fall to 7-year low: RBI
Bad loans or non-performing assets have made life harder for Indian banks for a long time. However, banks have been trying to bring them down.
21 Dec 2022
CryptocurrencyRBI Governor warns cryptocurrency will cause next financial crisis
The Reserve Bank of India (RBI) and its Governor Shaktikanta Das has never been big a fan of cryptocurrency. On Wednesday, Das reiterated his stance that crypto should be banned.
07 Dec 2022
Reserve Bank Of India (RBI)RBI increases key repo rate by 35 bps to 6.25%
The Reserve Bank of India (RBI) increased its key lending rate on Wednesday by 35 basis points to 6.25%.
30 Sep 2022
Reserve Bank Of India (RBI)Monetary policy: RBI hikes repo rate by 50bps to 5.9%
The Reserve Bank of India (RBI) hiked the repo rate by 50 basis points (bps) to 5.9% on Friday, Governor Shaktikanta Das announced.
05 Aug 2022
Reserve Bank Of India (RBI)RBI hikes repo rate by 50bps, GDP pegged at 7.2%
The Reserve Bank of India (RBI) has decided to hike the repo rate by 50 basis points (bps) to 5.40% on Friday, Governor Shaktikanta Das announced.
08 Jun 2022
Reserve Bank Of India (RBI)RBI hikes repo rate by 50 bps; EMIs get costlier
The Reserve Bank of India (RBI) on Wednesday increased the repo rate by 50 basis points (bps) to 4.90% and the inflation projection for the current fiscal to 6.7%.
04 May 2022
Monetary Policy CommitteeRBI hikes repo rate by 40 bps to 4.4%
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 4.4%.
08 Apr 2022
IndiaRBI 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.
10 Feb 2022
Reserve Bank Of India (RBI)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.
08 Dec 2021
Reserve Bank Of India (RBI)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%.
29 Oct 2021
Reserve Bank Of India (RBI)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.
06 Aug 2021
Reserve Bank Of India (RBI)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.
25 Jul 2021
Reserve Bank Of India (RBI)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.
04 Jun 2021
IndiaRBI 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.
05 May 2021
COVID-19RBI 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.
05 Feb 2021
Reserve Bank Of India (RBI)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.
24 Dec 2020
Reserve Bank Of India (RBI)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.
04 Dec 2020
Reserve Bank Of India (RBI)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%.
26 Nov 2020
Reserve Bank Of India (RBI)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.
09 Oct 2020
Reserve Bank Of India (RBI)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.
06 Aug 2020
Reserve Bank Of India (RBI)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.
22 May 2020
Reserve Bank Of India (RBI)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.
17 Apr 2020
Reserve Bank Of India (RBI)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.
27 Mar 2020
Reserve Bank Of India (RBI)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.
27 Mar 2020
Reserve Bank Of India (RBI)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%.
16 Mar 2020
IndiaIndia 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.
27 Aug 2019
Reserve Bank Of India (RBI)#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.
07 Feb 2019
Reserve Bank Of India (RBI)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%.
14 Dec 2018
Reserve Bank Of India (RBI)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.
13 Dec 2018
Bharti AirtelSensex 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.
12 Dec 2018
Reserve Bank Of India (RBI)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.
11 Dec 2018
Reserve Bank Of India (RBI)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.
30 May 2017
IndiaRBI 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.
23 Nov 2016
Reserve Bank Of India (RBI)RBI releases guidelines for drawing Rs.2.5L for weddings
The Reserve Bank of India has issued a circular letting withdraw Rs.2.5 lakh for weddings.
