There is a disconnect between booming markets and economic activity, Reserve Bank Governor Shaktikanta Das said on Monday, warning that the stretched valuations of financial assets pose a risk to financial stability.
RTGS, which started on March 26, 2004 with a soft launch involving four banks, presently handles 6.35 lakh transactions daily for a value of Rs 4.17 lakh crore across 237 participant banks.
CPI inflation rose sharply to 7.3 per cent in September and further to 7.6 per cent in October, RBI Governor Shaktikanta Das said while unveiling its bi-monthly monetary policy review.
Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate unchanged at 4 per cent and continued with its accommodative stance to support growth. The committee, which has cut rates by 115 basis points since the Covid-19 crisis hit in March, has kept rates on hold since May.
Speaking at the annual day event of Foreign Exchange Dealers' Association of India (FEDAI), Das said there are downside risks to growth across the world and also in India.
Reserve Bank of India (RBI) Governor Shaktikanta Das has tested negative for coronavirus on Saturday and will join the office next week.
Shaktikanta Das, Reserve Bank of India (RBI) Governor, tested positive for COVID-19 on Sunday.
RBI Governor Shaktikanta Das has said the risk of a second wave of COVID-19 could put sand in the wheels of the nascent recovery while his deputy M D Patra opined that it might take years to regain the output lost on account of the pandemic.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that the government will have to spell out fiscal roadmap post coronavirus, PTI reported. Das also said that India is at the doorstep of revival process. More to follow.
Reserve Bank of India (RBI) on August 06 announced that repo rate and reverse repo rate will remain unchanged.
Reserve Bank of India (RBI) Governor Shaktikanta Das briefed mediapersons on Aug 06.
Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at 12 noon today. This was the 24th meeting of the MPC. Besides, the central bank also issued directions regarding the loan moratorium which is coming to an end on August 31 amid bankers opposing the further extension of this facility on concerns over its misuse.
Reserve Bank Governor Shaktikanta Das on Saturday advocated the creation of a 'resolution corporation' with legislative backing for resolution and revival of stressed financial firms.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday briefed the board members about the impact of the various monetary and regulatory measures taken by the central bank to deal with the COVID-19 crisis.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the Monetary Policy Committee, in an unscheduled meeting, cut policy repo rate by 40 basis points to 4.0%, adding GDP is estimated to contract in current fiscal.
RBI Governor Shaktikanta Das in a presser amid lockdown situation in the country due to the outbreak of coronavirus which has impacted businesses at large said that they are expecting normalcy to return in the second half of the year.
RBI Governor Shaktikanta Das on Friday announced a reduction in repo rate by 40 basis points from 4.4 % to 4% while reverse repo rate stands reduced to 3.35%.
The Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference on Friday. The briefing comes days after Finance Minister Nirmala Sitharaman had given the details of the Rs 20 lakh crore economic relief package announced by Prime Minister Narendra Modi last week.
A prolonged lockdown may possibly push million of Indians into the "margins of subsistence", former RBI Governor Duvvuri Subbarao said on Sunday.
Reserve Bank of India (RBI) Governor Shaktikanta Das addressed media on Friday via video conference saying that a total of 150 RBI workers are in quarantine as the country goes through coronavirus outbreak.
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