Page 10 - Shaktikanta Das

India's consumer price inflation likely eased to 4.91% in Mar: Reuters poll

Inflation was expected to return to the RBI's target next quarter but be above it in subsequent quarters, according to a separate Reuters survey on the longer-term outlook

All the RBI's men

As the Reserve Bank celebrates its 90th birthday, the concluding part of a two-column series offers a peek into the lives and works of its governors over the past three decades

Monetary policy: 'Real rates do matter, inflation must align with target'

Reserve Bank of India Governor Shaktikanta Das and Deputy Governor Michael Patra responded to a host of queries in the post-policy interaction with the media. Edited excerpts:

RBI to launch a mobile app for investing in government securities

The introduction of the app will enhance transparency and streamline the process for retail investors, said market participants

CBDC transaction volumes decline after hitting 1,000,000: RBI dy guv

The Central Bank Digital Currency (CBDC) transaction volumes have gone down after crossing 10 lakh in late-December 2023, Reserve Bank of India Governor T Rabi Sankar said on Friday. The overall number of transactions has touched 2.2 crore since the launch of the CBDC pilot on December 1, 2022, Sankar said, adding that the number of participants in the pilot stands at 50 lakh. "Volumes have not been the same, they have come down," Sankar said, adding that the target of 10 lakh a day was met earlier on the back of measures such as interoperability with a very popular UPI platform. As per a news report, banks disbursed employee benefits using the digital rupee in December, which helped the Reserve Bank of India (RBI) meet its target of 10 lakh daily transactions. Sankar said there are 46 lakh users and 4 lakh merchants transacting in CBDC right now, and added that as the acceptance of CBDC grows, there has been a growth in the P2M, or peer-to-merchant, transactions. "Volumes are ...

RBI to release final framework for fintech SROs by April-end: Governor Das

Das said the banking regulator was working towards operationalising one SRO for fintechs by the Global Fintech Festival (GFF) scheduled in September

India building up gold reserves as part of forex deployment: RBI Guv Das

Reserve Bank Governor Shaktikanta Das on Friday said India has been building up gold reserves as part of its forex deployment. "We are building up gold reserves that is a part of our reserve deployment," Das told reporters at the customary post-policy review press conference here. He did not give any specifics on the quantum of gold buys, but pointed to the official data which shows an increase in the value of gold reserves. As per official data, the value of gold in the forex reserves stood at USD 51.487 billion as on March 22, which is USD 6.287 billion higher than the value as at end-March 2023. As per a recent news report, RBI bought 8.7 tonne of gold in January alone which is the highest in two years. The central bank's gold holdings had touched 812.3 tonne at the end of January from 803.58 tonne in the preceding month, as per the World Gold Council. The price of gold has also seen a rally over the last few months. Earlier in the day, Das announced that the overall forex ..

RBI monetary policy highlights: Last mile of disinflation is always challenging, sticky, says Governor Das

RBI MPC highlights: Catch all the highlights related to RBI's Monetary Policy Committee announcements here

RBI MPC: Here are the major announcements made by Governor Shaktikanta Das

The Reserve Bank of India put the estimated real GDP growth for FY25 at 7 per cent

Inflation targeting framework is the focus: RBI governor Shaktikanta Das

The RBI projects CPI will be 4.5 per cent for the whole year, and growth will be 7%

RBI MPC FY25: Repo rate kept unchanged at 6.5% for seventh consecutive time

The RBI MPC has also decided to keep its stance of "withdrawal of accommodation" unchanged with a majority of 5-1

RBI MPC: Indian bond yields expected to be steady ahead of announcement

Das stressed that RBI may consider rate cuts only once retail inflation eases towards the RBI's 4% target on a sustainable basis

First FY25 RBI MPC meeting: When, where to watch RBI governor's speech

RBI monetary policy: The MPC decision will be announced by Shaktikanta Das at 10 am on Friday, followed by a press conference at noon

First RBI MPC meet for FY25 starts today: Here is all you need to know

RBI Policy Meet: Experts believe the RBI will keep the repo rate unchanged at 6.5% and focus on bringing inflation towards the 4% target

RBI has transitioned into being enabler for market economy: Shaktikanta Das

Shaktikanta Das stated that the RBI has evolved from a central bank focused on resource allocation during the planning era to an enabler for the market economy

RBI is evolving with time, in sync with emerging trends

RBI's journey of 90 years: The building of India's financial fortress

Prime Minister Narendra Modi will join the commemoration at the National Centre for Performing Arts in Mumbai

RBI board reviews domestic economic situation, outlook and challenges

The Reserve Bank of India's (RBI) central board on Friday reviewed the domestic economic situation and outlook, including the challenges posed by the global financial market volatility. The board also approved the bank's budget for the accounting year 2024-25, the central bank said in a statement. The 607th meeting of the Central Board of Directors of the RBI took place in Nagpur under the chairmanship of Governor Shaktikanta Das. "The Board reviewed the global and domestic economic situation and outlook, including the challenges posed by geopolitical developments and global financial market volatility," the RBI said. Further, the board also discussed the RBI's activities, including the progress made in digital payments, consumer education and awareness during the current accounting year 2023-24. Directors of the central board Satish K Marathe, Revathy Iyer, Sachin Chaturvedi, Venu Srinivasan, and Ravindra H Dholakia attended the meeting. Deputy governors Michael Debabrata Patra,

Sebi directs mutual funds to stop inflows into ETF-based overseas schemes

Sebi and some of the MFs have made representations to the Reserve Bank of India (RBI) seeking new limits but the central bank is yet to take a call

As regulatory regime tightens in country, fintech has a long march

Pressure is mounting on companies to get cracking on corporate governance with top-class independent directors on their boards