Photo: India Today
RBI Monetary Policy: Shaktikanta Das Announces 6.50%, Press Conference Underway
Reserve Bank of India (RBI) governor Shaktikanta Das will on Friday unveil decisions taken at the central bank's latest 3-day Monetary Policy Committee (MPC) meeting. At the previous meeting, in August, the MPC decided to retain the policy repo rate at 6.50%. The standing deposit facility rate is 6.25%, the Marginal standing facility rate: is 6.75%, the Bank rate: is 6.75%, and the fixed reverse repo rate: is 3.35%.
Tags: monetary policy, Indian Business, RBI GOVERNOR, SHAKTIKANTA DAS, repo rate
Courtesy: Hindustan Times
Photo: India Today
RBI MPC Meeting, Governor keeps Repo Rate Unchanged At 6.5%
The Reserve Bank of India (RBI) concluded its bimonthly monterary policy meeting, and announced a major relaxation for people. Considering inflation above the 4% target, the RBI Governor Shaktikanta Das led MPC decided to keep repo rate unchanged at 6.5%, Standing Deposit Facility Rate remains at 6.25%. Marginal Standing Facility Rate and Bank Rate unchanged at 6.75%. More announcement into the meeting is awaited.
Tags: RBI GOVERNOR, Indian Banks, repo rate, RBI, business
Courtesy: Live Mint
Photo: Business Line
RBI Governor Asks Cryptocurrency Investors To Invest At 'Own Risk'
Taking a strong opposition on digital "crypto currency", RBI Governor Shaktikanta Das, on February 10, said, "Private crypto currency or whatever name you call is a big threat to our macroeconomic stability and financial stability". Furthermore, the RBI Governor asked investors to be careful and said, "Investors in crypto currency should keep in mind that they are investing at their own risk". Meanwhile, Government is yet to announce the… read-more
Tags: SHAKTIKANTA DAS, RBI GOVERNOR, Cryptocurrency, Union Finance Minister, Finances
Courtesy: NDTV Profit
Photo: The Hindu
Be Careful, Higher Internet Rate Means Higher Risk: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das on December 12 warned depositors of chasing higher returns. Mr. Das said higher interest rates are usually associated with higher risks. ''There are institutions which are offering higher internet rates which are viable but depositors should always be very careful,'' he added. However, he praised the government for increasing insurance cover from Rs one lakh to five lakh on deposits.
Tags: RBI GOVERNOR, Higher Returns, Righer Risks, Interest Rates, Depositors
Courtesy: United News of India
Photo: Business Standard
Repo Rate To Remain Unchanged: RBI Governor Shaktikanta Das
Reserve Bank of India (RBI) Governor Shaktikanta Das, on December 8, announced that the repo rate will remain unchanged. "Consequently, the policy repo rate remains unchanged at 4% and the stance remains accommodative as long as necessary to revive and sustain growth on a durable basis" said Das. Furthermore, the marginal standing facility (MSF) rate and reverse repo rate at 4.25% and 3.35%, respectively, also remained unchanged.
Tags: RBI, RBI GOVERNOR, MSF, repo rate, Bank
Courtesy: The Hindu
Photo: The Week
Shaktikanta Das Gets Reappointed As RBI Governor
Reappointment of Shaktikanta Das as the governor of Reserve Bank of India has been approved by the Appointments Committee of the Cabinet. The governor has been reappointed for a period of three years after December 10, 2021. DoPT stated, "The ACC has approved the reappointment of Shri Shaktikanta Das, IAS Retd, (TN:80) as Governor, RBI for a period of three years beyond 10.12.2021".
Tags: RBI GOVERNOR, RBI, SHAKTIKANTA DAS, India, Indian Economy
Courtesy: UNI
Photo: Business Today
RBI To Provide Rs 50,000 Cr Under Priority Sector Lending For COVID-19
The Reserve Bank of India has announced Rs 50,000 crore under the priority sector lending for the COVID-related health infrastructure. RBI Governor Shaktikanta Das on May 5 said that the amount will be dispersed till March 31, 2022, and it will be used for hospitals, oxygen suppliers, vaccines and drugs among other COVID requirements. Besides, he stated that banks will be creating a COVID-19 loan book for this purpose.
Tags: RBI, RBI GOVERNOR, Covid-19, Health Infrastructure, SHAKTIKANTA DAS
Courtesy: The Hindu
Photo: The Financial Express
Petition In SC Asks Contempt Of Court Action Against RBI Governor
Contempt of court petitions has been filed in the Supreme Court against the RBI Governor Shaktikanta Das and others for allegedly violating court’s order on loan moratorium case. In his plea, the petitioners have blamed the RBI for flouting Apex Court’s September 3 guideline and declaring NPA without giving a mandatory 90-day notice. Earlier, the court had asked the financial institutions to grant relief to borrowers during the pandemic.
Tags: The Supreme Court of India, RBI, RBI GOVERNOR, The Contempt of Court Act
Courtesy: Times Now News
Photo: The Financial Express
RBI Governor: Pandemic Led to $6 Trillion Outflow Globally at Zero Interest Rate
On August 21, RBI Governor Shaktikanta Das said that there has been a surplus liquidity globally, which has resulted in the asset prices to increase. Due to which, he believes that a "disconnect" has been caused between the stock market rates and the actual economy. He further stated, the Covid-19 pandemic has resulted in an outflow of $6 trillion from the central banks across the globe to the financial… read-more
Tags: RBI GOVERNOR, RBI, Shaktiman Das, Indian Economy, Global Economy
Courtesy: Republic World
