Representational image only. | Photo Credit: Reuters The Reserve Bank of India’s (RBI) rate-setting panel on April 3 started its three-day meeting amid expectations that the Central bank may go for 25 basis points hike in benchmark interest rate, probably the last in the current monetary tightening cycle that began in May 2022. Reserve Bank […]
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Reserve Bank of India (RBI) Governor Shaktikanta Das | Photo Credit: Reuters Reserve Bank of India Governor Shaktikanta Das on Wednesday laid the foundation stone for a ‘Greenfield Data Centre’ and an ‘Enterprise Computing & Cybersecurity Training Institute’ in Bhubaneswar, Odisha. “The Governor in his remarks acknowledged the critical role played by technology in supporting […]
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India’s Reserve Bank of India (RBI) Governor Shaktikanta Das. File | Photo Credit: Reuters The Reserve Bank of India (RBI) has unveiled “ Har Payment Digital” [Every Payment Digital] as part of Digital Payments Awareness Week (DPAW) 2023 to make every person in India a user of digital payments. While rolling out the mission, Governor Shaktikanta Das […]
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European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium | Photo Credit: Reuters EU approves 10th package of Russia sanctions on anniversary of invasion The European Union, after hectic last-minute haggling, has approved a tenth package of Russia sanctions on the anniversary of Moscow’s invasion of Ukraine, the Swedish EU Presidency said late on Friday. […]
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Reserve Bank of India (RBI) Governor Shaktikanta Das. File. | Photo Credit: PTI The Reserve Bank of India could ill afford to opt for a “premature pause in monetary policy action” as it would prove costly at a time when there was stickiness in core inflation, Governor Shaktikanta Das stressed at the Monetary Policy Committee’s […]
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Reserve Bank of India Governor Shaktikanta Das. File photo | Photo Credit: PTI Reserve Bank of India Governor Shaktikanta Das on Wednesday, December 21, 2022 said underlying economic activity in India continues to be strong, but external factors will cause some “dent” to the economy. Speaking at the BFSI Insight Summit 2022 organised by Business […]
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Shaktikanta Das highlighted the proactive and supportive role of the RBI in providing conducive policy environment for responsible innovation. | Photo Credit: Reuters Reserve Bank of India Governor Shaktikanta Das has asked financial technology (FinTech) firms to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation frameworks. On Wednesday, […]
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The Reserve Bank of India (RBI) on Wednesday raised the policy repo rate by 35 basis points (bps) to 6.25%, downshifting gears from consecutive increases of 50 bps, and scaled down GDP growth hopes for the year to 6.8% from 7%, even as Governor Shaktikanta Das exuded confidence about the economy being resilient and asserted […]
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Reserve Bank of India governor Shaktikanta Das, at a press conference at the RBI head office, in Mumbai, on December 7, 2022. | Photo Credit: AP Asserting that the newly-introduced Central bank digital currency (CBDC) does not leave any trail with a bank, RBI governor Shaktikanta Das on December 7 said there is no need […]
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Reserve Bank of India (RBI) Governor Shaktikanta Das, arrives to address a press conference on RBI’s monetary policy at RBI headquarters in Mumbai, India, Wednesday, December 7, 2022. | Photo Credit: AP Resident entities from India will now be permitted to hedge gold price risks at the International Financial Services Centre, RBI Governor Shaktikanta Das […]
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