Page 2 - Reserve Bank Of India

Stable govt, GDP growth to help India get FPIs: Barclays' Prez Dainton

India has a demographic advantage and substantial growth and a political system that is relatively calm and consistent, Stephen Dainton, President of Barclays Bank PLC said

Rate cut unlikely in Feb review or in FY26: Axis Bank's Neelkanth Mishra

A rate cut will not be possible for the next 13-14 months due to the inflation outlook, said Mishra, who is also a part-time member of the PM's Economic Advisory Council

Stability, trust, and growth key: RBI Guv Sanjay Malhotra in first address

'We cannot be stuck. We have to be agile while maintaining policy continuity,' Sanjay Malhotra said in his first address as RBI governor

10-year bond yield may fall to 6.6% if RBI eases in Feb: ICICI's Prasanna

Prasanna expects a shallow monetary easing cycle of 50 basis points, with a 25-basis-point reduction in February, and a similar one in April or June

Sanjay Malhotra assumes charge as new RBI governor amid economic challenges

Malhotra's appointment marks him as the first RBI governor since Duvvuri Subbarao to transition directly from the Finance Ministry

Rupee likely to maintain downward drift, RBI counted on to cap losses

The one-month non-deliverable forward indicated that the rupee may open near 84.88

Packing and labelling imported goods don't confer Indian-origin status

The balances in the RVAs are built through inward remittances in freely convertible currencies

India set for resilient growth in 2025 driven by urban consumption: S&P

For 2025-26 and 2026-27, S&P Global Ratings pegged India's GDP growth forecast at 6.7 per cent and 6.8 per cent, respectively, down 20 basis points from its previous estimates

Restoring inflation-growth balance most important priority for RBI: Das

Outgoing RBI Governor Shaktikanta Das hoped that there would be a nationwide roll-out of Unified Lending Interface

Will do what is best for economy, says incoming RBI guv Sanjay Malhotra

Malhotra, 56, will take over as governor today at a time when there is growing clamour for an interest rate cut to support slowing economic growth

Civil servants at Mint Road: A legacy of leadership at the RBI helm

Economists can still look forward to filling the deputy governor's position

Challenges for the new RBI Governor Sanjay Malhotra

Burmans get RBI nod for 26% Religare stake offer, await Sebi approval

The RBI grants conditional approval for the Burman family's 26% stake offer in Religare, with restrictions on board changes. Sebi approval is still pending amid valuation disputes

India to continue resilient growth, RBI may do modest rate easing: S&P

S&P Global Ratings on Tuesday said the Indian economy is set for "resilient growth" in 2025 and projected inflation pressure to recede which will lead to "modest" easing of the monetary policy by the RBI. In its India outlook for 2025, S&P also retained India's growth forecast for current fiscal at 6.8 per cent, followed by 6.9 per cent growth in 2025-26. "The Indian economy is set for resilient growth in 2025 on the back of strong urban consumption, steady service sector growth and ongoing investment in infrastructure," Vishrut Rana, Economist at S&P Global Ratings, said. We expect the central bank to ease monetary policy modestly during 2025 as inflationary pressures recede, Rana said. Last week, RBI retained benchmark interest rates at 6.5 per cent to control inflation but cut the cash reserve ratio (CRR) by 50 basis points to infuse liquidity into the system. India's economy grew 8.2 per cent in 2023-24. It said the GDP growth print for fiscal Q2 (June-September 2024) .

Will work to understand all perspectives, do what's best: Sanjay Malhotra

Revenue Secretary Sanjay Malhotra on Tuesday said he will work to understand all perspectives and do what is best for the economy after he takes charge as the RBI Governor on December 11. Responding to reporters' queries outside the finance ministry, Malhotra said, "One has to understand the turf, all perspectives and do what's best for the economy." Malhotra, 56, who is currently the Revenue Secretary in the Ministry of Finance, was on Monday evening named by the government to succeed Shaktikanta Das as the governor of the central bank. A 1990-batch IAS officer of the Rajasthan cadre, Malhotra, has more than three decades of experience in public policy with expertise in areas like power, finance, and taxation. He takes guard at a time when the Indian economy is faced with the dual challenge of slowing growth rate and high inflation. While Das kept benchmark interest rates unchanged for almost two years in a bid to control inflation, the incoming governor is said to be a team play

RBI governors keep in mind requirements of the wider economy as well: Das

Outgoing RBI Governor Shaktikanta Das reflects on six years at the helm as Sanjay Malhotra prepares to take over

Princeton-educated, consensus builder Sanjay Malhotra appointed new RBI Guv

A computer science engineer and master's in public policy from Princeton University, Sanjay Malhotra, the new Governor of the Reserve Bank of India (RBI), is a known consensus builder and the person instrumental in the implementation of the new income tax regime. Malhotra, 56, is currently the Revenue Secretary in the Ministry of Finance and will succeed Shaktikanta Das, whose second three-year term comes to an end on December 10. Malhotra, who has more than three decades of experience in public policy with expertise in areas like power, finance and taxation, takes guard at the central bank at a time when the economy is faced with the dual challenge of slowing growth rate and high inflation rate. While Das kept benchmark interest rates unchanged for almost two years in a bid to control inflation, the incoming Governor is said to be a team player who believes prices cannot be managed by the central bank alone and the task needs government help as well. He takes over as the 26th ...

Economists react to India's new central bank chief announcement

With a new governor at the helm of the Reserve Bank of India (RBI) and a deputy governor retiring next month, the RBI's monetary policy committee (MPC) will have a new look

'Did a good job': KV Kamath lauds Das, backs Sanjay Malhotra for RBI role

KV Kamath commends outgoing RBI Governor Shaktikanta Das for his leadership and expresses confidence in Sanjay Malhotra's capabilities as the new RBI Governor

Still holding Rs 2,000 notes? Here's how to exchange or deposit them

98.08% of Rs 2,000 notes have been returned, but the remaining ones are still legal tender. Here's how to manage them before the window closes