Page 3 - Reserve Bank Of India

Rupee hits record low as appointment of new RBI chief spurs dovish bets

The rupee hit a low of 84.80 in early trading, surpassing its previous all-time low of 84.7575 hit last week

Investors urge RBI to let state govt debt be sold as zero-coupon bonds

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

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

Turning the page: Focus on external front new RBI governor's first test

Mr Das' term over the past six years was fairly challenging for both the Indian economy and the RBI, largely because of the pandemic

Fuelling growth, taming inflation to top Sanjay Malhotra's agenda at RBI

The pace of the country's economic growth moderated sharply in the second quarter ended September 2024

Six years of Shaktikanta Das's leadership as Mint Road's helmsman

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

Shaktikanta Das: More hits than misses in six-year tenure as RBI governor

RBI became stronger, surer under Shaktikanta Das

Shaktikanta Das: The man behind GST, note ban, Covid monetary response

Shaktikanta Das, who will demit office as the Governor of the Reserve Bank of India on Tuesday, was the key man behind the planning and execution of the demonetisation drive and rollout of the landmark Goods and Services Tax (GST). At the RBI, he steered India's monetary policy response during the challenging period of the pandemic. Das, 67, a career bureaucrat, was put into the high job of the RBI Governor when Urjit Patel abruptly resigned in December 2018. His second three-year term comes to an end on December 10 and will be replaced by Sanjay Malhotra, Revenue Secretary in the Union Ministry of Finance. A 1980-batch Tamil Nadu cadre IAS officer, Das, who holds a master's degree in history from Delhi's St Stephen's College and a postgraduate degree in public administration from the University of Birmingham, was economic affairs secretary when the government suddenly scrapped high-value currency notes in November 2016. While the government justified the move as aiming at curbing .

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

RBI Governor Shaktikanta Das to demit office on Tuesday after 6 years

Shaktikanta Das will demit the office on Tuesday after completing six years as the 25th Governor of the Reserve Bank of India. Revenue Secretary Sanjay Malhotra will replace him as the 26th Governor. He was appointed as the Governor on December 12, 2018, after the abrupt exit of Urjit Patel. Das has been twice ranked as the top central banker by the US-based Global Finance magazine. He chaired his last meeting of the rate-setting panel -- Monetary Policy Committee (MPC) -- last week. "In the last few years, we have traversed one of the most difficult periods in the history of the Indian economy, and perhaps, in the global economy also. It was a period of relentless turbulence and jolts. "As a country, we can derive satisfaction that the Indian economy has not just navigated this period of trials successfully but also emerged stronger. As we strive together towards making India a developed economy, I recall what I had said in my statement of February 8, 2023, wherein I had quoted

Repo rate status quo shows RBI's continued focus on inflation over growth

Monetary policy support to growth will be limited

News updates: MCOCA court remands eight accused in judicial custody in Baba Siddique murder

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RBI policy: CRR cut to improve lenders' margins, may lift credit growth

Deposit rates may start easing

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 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 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 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 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

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

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