Allowing state notes to be turned into so-called strip bonds would give investors an extra spread of 30-to-40 basis points over comparable federal securities, one of the people said
Mr Das' term over the past six years was fairly challenging for both the Indian economy and the RBI, largely because of the pandemic
It's been an eventful six year for Shaktikanta Das as Mint Road's helmsman. Here's a look at some of the significant moves during his watch
The pace of the country's economic growth moderated sharply in the second quarter ended September 2024
He takes over as the 26th Governor of the central bank at a time when the RBI is under pressure to cut interest rates to support growth
Malhotra takes over the reins of the RBI at a time when growth in the domestic economy has fallen to a seven-quarter low
RBI became stronger, surer under Shaktikanta Das
Das, 67, a career bureaucrat, was put into the high job of the RBI Governor when Urjit Patel abruptly resigned in December 2018
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
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
Monetary policy support to growth will be limited
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In recent years, the Reserve Bank has significantly expanded its public awareness initiatives, including active engagement on social media platforms
Deposit rates may start easing
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
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
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
RBI's decision will enable banks to have more funds to lend, they say
RBI Monetary Policy Committee answers queries on growth forecasts, liquidity, cash demand, and CRR adjustment
Consumer price index (CPI)-based inflation increased sharply in September and October 2024 led by an unanticipated increase in food prices