Shaktikanta Das

Malhotra chairs his first RBI board meet; acknowledges Das' contributions

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

MPC minutes: Das urges focus on restoring inflation-growth balance

Policy priority should be on restoring the inflation-growth balance, said Shaktikanta Das, former Reserve Bank governor, while voting for a status quo on the short-term lending rate earlier this month. Das, and three other members of the rate-setting panel -- Monetary Policy Committee -- voted in favour of keeping the repo rate at 6.25 per cent, while the other two members favoured reduction in the rate. In its December bi-monthly monetary policy, the Reserve Bank of India (RBI) kept repo rate unchanged but cut the cash reserve ratio that banks are required to park with the central bank, as it did a balancing act between inflation management and supporting economic growth. With India's GDP seeing a sharper-than-anticipated dip in the July-September period to 5.4 per cent -- its slowest pace in seven quarters -- inflation on the uptick and rupee under pressure, the RBI had few choices to make. "The policy priority at this critical juncture has to be on restoring the inflation growth

MPC minutes: External members back rate cut, say inflation hampering growth

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

Statsguru: India faces growing financial risks from cybersecurity breaches

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

RBI receives bomb threat in Russian email; Mumbai Police launch probe

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

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

May RBI grow even taller as institution of trust: Das' parting message

RBI Governor Shaktikanta Das, who will demit office later today, thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for their guidance and encouragement

FinMin-RBI ties the best in my stint with excellent cooperation: Das

Outgoing Reserve Bank Governor Shaktikanta Das on Tuesday said he gave his best to the institution, and asserted that ties between Mint Road and the finance ministry were "the best" in his six-year stint. 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. "...in my tenure, I think we have been able to resolve all such issues through internal discussions," Das, the career bureaucrat-turned-central banker, said. "The relationship between the government, and the finance ministry in particular, and the Reserve Bank of India... I think they have been at their best. We had excellent cooperation, excellent coordination," Das added. Das, who had served as the secretary in the Department of Economic Affairs and also worked closely on demonetisation in 2016, was appointed as the RBI Governor in 2018 following the sudden resignation of Urjit ...

Rate cut bets rise post new RBI chief appointment, nudge bond yields down

Malhotra's appointment comes as economic growth has slowed and inflation has risen

When will new RBI governor Sanjay Malhotra cut rates? Brokerages weigh in

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

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 ...

'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

Shaktikanta Das thanks PM Modi, FM Sitharaman as his RBI tenure ends

Shaktikanta Das, set to demit office today, expressed gratitude to PM Modi and FM Sitharaman for their support during his tenure as RBI governor

Fiscal-monetary coordination at its best in last six years: Shaktikanta Das

Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country. 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 at the central bank. "Immensely grateful to the Hon'ble PM @narendramodi for giving me this opportunity to serve the country as Governor RBI and for his guidance and encouragement. Benefited a lot from his ideas and thoughts," he said in a post on X from his personal handle. Expressing gratitude to Finance Minister Nirmala Sitharaman for her constant support and backing, he said, fiscal-monetary coordination was at its best and helped to deal with multiple challenges during the last six years. He also thanked all the stakeholders in the financial sector and in the economy; expe

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

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 .