Rating agency says this would be in wake of sharp moderation in incremental LDR in February
Das' economic experience will help India at a time when the government and central bank are working in tandem to aid the economy's recovery while trying to manage geopolitical challenges
The appointment will be co-terminus with the term of the Prime Minister or until further orders, whichever is earlier, according to the appointment committee of the cabinet
Former RBI Governor Shaktikanta Das has been appointed as Principal Secretary-2 to Prime Minister Narendra Modi. His tenure will be co-terminus with the prime minister's term or until further orders
This will be the first MPC meeting since Governor Malhotra took office in December 2024, following the end of Shaktikanta Das's tenure
"There are significant upside risks to inflation from geopolitical conflicts, geoeconomic fragmentation, climate-related concerns, and commodity prices going up"
RBI's focus on customer, compliance and collaboration will continue in 2025. It will have new initiatives balancing innovation and prudence
From CEOs to RBI governors, cricket's rich imagery and strategy resonate deeply with leadership, uncertainty, and decision-making across industries and global diplomacy
Along with Das, Saugata Bhattacharya, Rajiv Ranjan (Executive Director, RBI) and Michael Debabrata Patra (Deputy Governor, RBI) voted for status quo on interest rate
They also support a rate cut to avoid the risk of sharp currency appreciation if India does not normalise interest rates when most other global central banks have already embarked on an easing cycle
The central board of directors of the RBI reviewed the global and domestic economic situation and outlook and discussed the activities of select central office departments
The number of digital financial frauds rose more than four times in FY24 year-on-year to comprise 80 per cent of all financial frauds
The Reserve Bank of India (RBI) received a bomb threat email in Russian, targeting Governor Sanjay Malhotra's official ID; Mumbai Police have launched an investigation
Speaking to reporters on the last day of his term, Das said the "perspectives" of the central bank and the finance ministry can be different on many issues and the phenomenon is seen the world over
Malhotra's appointment comes as economic growth has slowed and inflation has risen
Here's how leading brokerages have interpreted the development, and their expectations from Sanjay Malhotra as regards key rates and maintaining a balance between growth and inflation
Outgoing RBI Governor Shaktikanta Das hoped that there would be a nationwide roll-out of Unified Lending Interface
Outgoing RBI Governor Shaktikanta Das reflects on six years at the helm as Sanjay Malhotra prepares to take over
KV Kamath commends outgoing RBI Governor Shaktikanta Das for his leadership and expresses confidence in Sanjay Malhotra's capabilities as the new RBI Governor
Reserve Bank Governor Shaktikanta Das, in a series of posts on X, on his last day of his six-year term as RBI Governor, also thanked the Finance Minister, various stakeholders and his colleagues