Page 6 - Latest Updates on Reserve Bank of India
Revenue Secretary Sanjay Malhotra succeeds Shaktikanta Das as RBI governor
Malhotra takes over the reins of the RBI at a time when growth in the domestic economy has fallen to a seven-quarter low
 "Revenue Secretary Sanjay Malhotra succeeds Shaktikanta Das as RBI governor")
Shaktikanta Das: More hits than misses in six-year tenure as RBI governor
RBI became stronger, surer under Shaktikanta Das
 "Shaktikanta Das: More hits than misses in six-year tenure as RBI governor")
Shaktikanta Das: The man behind GST, note ban, Covid monetary response
Das, 67, a career bureaucrat, was put into the high job of the RBI Governor when Urjit Patel abruptly resigned in December 2018
 "Shaktikanta Das: The man behind GST, note ban, Covid monetary response")
RBI Governor Shaktikanta Das to demit office on Tuesday after 6 years
Not once since he took over did the issue of the RBI autonomy come up in news headlines. Das has been articulate and approachable to his colleagues and the media
 "RBI Governor Shaktikanta Das to demit office on Tuesday after 6 years")
Sanjay Malhotra to be next RBI governor, to succeed Shaktikanta Das
Sanjay Malhotra, a 1990 batch IAS officer from the Rajasthan cadre, will take over from Shaktikanta Das, whose term comes to an end on December 10
 "Sanjay Malhotra to be next RBI governor, to succeed Shaktikanta Das")
Repo rate status quo shows RBI's continued focus on inflation over growth
Monetary policy support to growth will be limited
 "Repo rate status quo shows RBI's continued focus on inflation over growth")
News updates: MCOCA court remands eight accused in judicial custody in Baba Siddique murder
Stay with us for all the major news updates from around the world
 "News updates: MCOCA court remands eight accused in judicial custody in Baba Siddique murder")
RBI to launch podcasts for wider dissemination of info to general public
In recent years, the Reserve Bank has significantly expanded its public awareness initiatives, including active engagement on social media platforms
RBI policy: CRR cut to improve lenders' margins, may lift credit growth
Deposit rates may start easing
 "RBI policy: CRR cut to improve lenders' margins, may lift credit growth")
RBI to introduce new benchmark SORR based on secured money markets
Secured Overnight Rupee Rate (SORR), will be developed with the support of Financial Benchmarks India Limited (FBIL), which has been requested to take the proposal forward
 "RBI to introduce new benchmark SORR based on secured money markets")
RBI Innovation Hub develops MuleHunter.ai to combat mule account frauds
The RBI has taken several measures to prevent and mitigate digital frauds in the financial sector, including the issuance of cybersecurity and cyber fraud prevention guidelines, among others
 "RBI Innovation Hub develops MuleHunter.ai to combat mule account frauds")
What is MuleHunter.AI? RBI's latest tool against financial fraud explained
The Reserve Bank Innovation Hub has launched MuleHunter.AI, an advanced AI tool designed to identify and flag mule accounts, aiming to combat financial fraud and money laundering
 "What is MuleHunter.AI? RBI's latest tool against financial fraud explained")
Realty, infra firms say CRR cut positive for sector, will infuse liquidity
RBI's decision will enable banks to have more funds to lend, they say
 "Realty, infra firms say CRR cut positive for sector, will infuse liquidity")
No room for knee-jerk reaction on growth forecast, RBI action: Guv Das
RBI Monetary Policy Committee answers queries on growth forecasts, liquidity, cash demand, and CRR adjustment
 "No room for knee-jerk reaction on growth forecast, RBI action: Guv Das")
RBI raises FY25 inflation estimate to 4.8%, CPI to remain elevated in Q3
Consumer price index (CPI)-based inflation increased sharply in September and October 2024 led by an unanticipated increase in food prices
 "RBI raises FY25 inflation estimate to 4.8%, CPI to remain elevated in Q3")
RBI raises rates for non-residents to attract forex, halt rupee losses
The move comes as the monetary authority has been using its foreign-exchange reserves to slow the pace of the drop in the rupee
 "RBI raises rates for non-residents to attract forex, halt rupee losses")
What did RBI Governor Shaktikanta Das say about his tenure extension?
RBI MPC: Governor Shaktikanta Das dodges term question with a smile, focuses on policy
 "What did RBI Governor Shaktikanta Das say about his tenure extension?")
RBI allows small finance banks to offer pre-sanctioned credit line on UPI
Step will 'further deepen financial inclusion and enhance formal credit', says central bank
 "RBI allows small finance banks to offer pre-sanctioned credit line on UPI")
RBI hikes rate caps on diaspora's currency deposits to attract flows
Das said the rupee has depreciated by 1.3 per cent mainly on strengthening of the US dollar
 "RBI hikes rate caps on diaspora's currency deposits to attract flows")
RBI keeps repo rate unchanged, cuts banks' CRR and lowers GDP forecast
Monetary Policy Committee keeps repo rate unchanged at 6.50% for the eleventh consecutive review
 "RBI keeps repo rate unchanged, cuts banks' CRR and lowers GDP forecast")
