Shaktikanta Das

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

05 May 2021

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

#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

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

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

#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

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

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

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

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

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

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

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

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

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.

Demonetization: ATMs still short of cash by 30%

12 Apr 2017

Demonetization: ATMs still short of cash by 30%

Cash infusion into ATMs is still running short by 30%, five months after demonetization of Rs. 500 and Rs. 1,000 notes, said Cash Logistics Association.

GST: Parliament passes four key bills

07 Apr 2017

GST: Parliament passes four key bills

The parliament on April 6 passed four bills on the GST after they were approved by the Rajya Sabha without any amendments, paving the way for its nationwide rollout.

Demonetization: Cash withdrawal drops amid lack of low-value currency

04 Apr 2017

Demonetization: Cash withdrawal drops amid lack of low-value currency

Three weeks after RBI lifted withdrawal-restrictions, several ATMs continue to run short of cash, especially Rs. 500 and Rs. 100 notes.

GST bill: Implementation may be delayed to September 1

29 Mar 2017

GST bill: Implementation may be delayed to September 1

Implementation of the GST bill may be delayed from the planned July 1 to September 1 for further fine-tuning of the bill and to give industries more time to prepare.

Cabinet approves key legislations on GST

20 Mar 2017

Cabinet approves key legislations on GST

The union cabinet on March 20 cleared key legislations relating to the Goods and Services Tax, including the Integrated GST, the Central GST, the State or Union Territory GST, and a law related to compensation to states.

Council clears final 2 bills, GST dream one step closer

16 Mar 2017

Council clears final 2 bills, GST dream one step closer

The GST council approved two crucial legislations - the state GST and the union territory GST bills.

Savings account cash withdrawal limits lifted

13 Mar 2017

Savings account cash withdrawal limits lifted

The RBI has removed the cap on withdrawal of money from savings accounts, effective today. Earlier there was a withdrawal cap of Rs. 50,000 per week.

GST Council approves the laws; July deadline seems realistic

04 Mar 2017

GST Council approves the laws; July deadline seems realistic

The GST Council has cleared the Central GST and Integrated GST law. However the legal framework for the State GST and Union Territory GST have yet to be cleared by the Law Commission.