Reserve Bank of India

Photo: The Indian Express

RBI Announces Hike In Repo Rate To 6.5%

The Reserve Bank of India hiked the repo rate by 25 basis points to 6.5%, on February 8. Governor Shaktikanta Das announced the decision of the monetary policy committee of six members, taken with a majority of 4 votes. In December 2022, the repo rate was raised by 0.35 percentage points to 6.25%. While repo rate hiked, there was no change in the reverse repo rate of 3.35%.

Wed, 08 Feb 2023 - 11:16 AM / by Varsha Joshi

Tags: RBI, SHAKTIKANTA DAS, Reserve Repo Rate, repo rate, Indian Banks

Courtesy: Hindustan Times

Reserve Bank of India

Photo: The Times of India

RBI Raises Concern Over Unethical Loan Recovery Practices

The Reserve Bank of India raised concerns over the growing unethical loan recovery practices, usurious interest rates and data privacy issues, on September 21. It also flagged certain material concerns regarding the mushrooming of digital lending apps. Amid the need of the hour to ensure safety following a process of whitelisting and due diligence by the regulated entities, the RBI Governor Shaktikant Das raised the concerns.

Wed, 21 Sep 2022 - 08:19 PM / by Varsha Joshi

Tags: Loan Apps Recovery, Unethical Recovery, RBI, SHAKTIKANTA DAS, New Policy

 RBI Governor with FM Nirmala Sitharaman

Photo: Live Mint

RBI & Union Ministry On Same Page, Working With Harmony: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman, on February 14, dismissed rumours of conflict with the RBI. In a statement, Sitharaman said, "With RBI & Ministry, not just on crypto but every other thing as well, I think there's complete harmony". Notably, the statement came after rumours of disagreement over legalisation of crypto currency in India. Backing the statement up, RBI Governor Shaktikanta Das said, matter is being discussed… read-more

Mon, 14 Feb 2022 - 05:19 PM / by Varsha Joshi

Tags: Union Finance Minister, Nirmala Sitharaman, Reserve bank of India, SHAKTIKANTA DAS, Cryptocurrency

Courtesy: One India

Shaktikanta Das

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

Thu, 10 Feb 2022 - 08:45 PM / by Varsha Joshi

Tags: SHAKTIKANTA DAS, RBI GOVERNOR, Cryptocurrency, Union Finance Minister, Finances

Courtesy: NDTV Profit

Shaktikanta Das

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".

Fri, 29 Oct 2021 - 11:04 AM / by Nehal Surana


Courtesy: UNI

RBI Governor Shaktikant Da.

Photo: Dynamite News

Private Cryptocurrency Isn't Good For Economy: RBI Governor

As the private cryptocurrency spreading its legs in India, RBI governor Shaktikanta Das once again raised his concerns over it while speaking at a press briefing on September 9. Das also said he alerted the government about the growth in private cryptocurrencies in the Indian economy. Earlier in February, Das had also raised the concern over the currency saying it could major risk to the financial stability.

Fri, 10 Sep 2021 - 07:21 PM / by Shiksha Dev

Tags: RBI, SHAKTIKANTA DAS, Private Cryptocurrencies, Centre

Courtesy: NDTV

Shaktikanta Das

Photo: The Economic Times

RBI Maintains Status Quo On Repo Rate At 4%

For the seventh consecutive time, the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has kept the benchmark interest rate unchanged at 4%. Reportedly, the "accommodative stance is maintained as the economy is still recovering from the COVID-19 second wave". This move supports growth and keeps inflation in check. Accordingly, the reverse repo rate will remain at 3.35% and annual inflation at 4%.

Fri, 06 Aug 2021 - 01:32 PM / by Aditi Chavan

Tags: RBI, SHAKTIKANTA DAS, monetary policy committee, interest rate, Economy

RBI Governor Shaktikanta Das

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. 

Wed, 05 May 2021 - 03:56 PM / by Nikita Thakur

Tags: RBI, RBI GOVERNOR, Covid-19, Health Infrastructure, SHAKTIKANTA DAS

Courtesy: The Hindu


Photo: Tribune

RBI Crosses 1 Million Twitter Followers; Becomes Most Followed Central Bank

With 1 million followers, the Reserve Bank of India has become the most followed central bank of the world on Twitter. RBI Governor Shaktikanta Das has shared the achievement and had congratulated his colleagues. Indonesia's Central Bank and Bank of Mexico are at the 2nd and 3rd positions respectively. RBI entered the micro-blogging platform in 2012. However, its followers surged since last year due to its regular interactive campaigns.

Sun, 22 Nov 2020 - 04:56 PM / by Sakshi Amrutkar


Courtesy: Times Now


Photo: Twitter/RBI

Central Board of RBI Approves Transfer of Rs 57,128 Crore to Centre

In 584th meeting of the Central Board chaired by governor Shaktikanta Das, RBI approved transfer of Rs 57,128 crore as surplus, to the Central Government for the fiscal year of 2019-20. As coronavirus crises affected Centre's revenue targets, government faced a high fiscal deficit of Rs 6.62 lakh crore during April-June quarter. Reserve Bank mandates for any profits made by its operation to be sent to the Centre (RBI Act, 1934).  

Fri, 14 Aug 2020 - 08:07 PM / by Bharat Sharma


Courtesy: Times Of India